The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-10
TRANSFER WILL Be
TO SOUTH BENEFIT
----------------.
Absorption Of Tennessee Coal by
Steel Corporation Means
Further Progress.
Iron AND COAL REsoURc Es
One Placed at 7oo,ooo,ooo, and
the Other at 100000, 900
Tons,
IRON AND COAL RESOURCES
fsnecin1 hi ,,hn .rimes. pIsnnlch. 1

| Especial To The Times Dspatch.1
BALTIMORE. November 9.--Refer-
ring to the Importance to the South OF
the passing of the control of the Ten
| nessee Coal, Iron and Railroad Com
pnny to the United States Steel Cor
poration, the Manufacturers Record IN.
this weeks issue says:
Two years ago, when the control
OF the Tennessee Coal Iron and Rail-
road Company passed from the owner-
ship of the people who had dominated
1t for many years to pool composed
of John w. Gates and his associates, a
great step forward was made for tho
development of the iron and steel In
tnrests of Alabama. The new owner
ship Immediately commenced to carry
out on large scale plans for an In
creased output of iron and the doubling
Of their steel rail capacity, involving
an outlay Of good many millions of
dollars.
Very Important Step.
Important to the South as was this
transfer OF ownership 1t Is of still
greater Importance that another step
forward has been made. Now that the
Steel Corporation has secured control
of the Tennessee Company, the world
will be assured Of the development of
the iron and steel interests of Alabama
on scale commensurate with the nat
ural advantages of that State.
Backed by the vast resources in
money brains and energy OF the steel
Corporation, the Alabama district, with
its practically limitless resources Of
coal and iron, ought to leap forward
into Il far moro commanding position
than ever before in the worlds metal
lurgical affairs For good business
reasons. as we'll as public policy. will
compel the Steel Corporation to make
the most of the advantages of Alabama
for iron and steel productions The re-
cent report of President Topping. of
the Tennessee Company. placed the
known iron-ore resources of that conf
pany at 7O0.OO0.0o0 tons and the coal
at 1000. 100000 tons. This Is about as
much iron. ore and several times ar
much coal as the Steel Corporation
owned when it was organized. Here
is q wealth of resource In raw material
needing but tho magic wand OF ample
capital to enable Alabama to take its
rightful place as one of the foremost
centres of the worlds iron and steel
production. With the Steel Corporation
owning these vast properties In Ala
hama. II will be reasonable to expect
that it will carry forward on much
larger scale than the former owners
could possibly do the fullest utilization
IF this wealth of raw material. and
the Tennessee Company, through the
entrance into the Alabama district of
the steel Corporation. will unquestion-
ably prove OF very great advantage
not only to all other iron and coal
properties In that State. but in the
whole Central South.,'
Virslninn Railways Pier.
Pointing to expansion OF the coal
mining industry in another part Of the
South In Virginia and West Virginia.
through which Its line extends, are the
preparations of the Nirgintan railway
for handling coal at sewell's Point.
Norfolk. Va. The railway Is pushing
work upon It's pier there. 1000 feet
long, So feet wide. SO feet high at the
outside end and 80 feet high at the
inside end. The facilities at the pier
will permit the handling Of so tons OF
| coal every two minutes, or 100000
! tons in year OF 800 working days.
or, by running two shifts. 100000
tons. Already 100000 tons OF coal
are now being handled annually at
! Norfolk by other railroads. and the
people of that city confidently believe
| that within three years, with these In
creased facilities. the amount will be
Increased to 100000 tons annually.
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