The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-12-08
DESTINY OF SOUTH
SHAPED BY NATURE
Its Vast Coal and Iron Wealth
Insures Its Steady Adj
vancement.
NOTES. OF OPTIMISM HEARD
Building Activity in Richmond.
Surveying Vast Water-Powcr
Properties.
NOTES OF OPTIMISM HEARD
especial 10 The Times ptsDatch.)


BALTIMORE. December Judge
E. II. Gary. chairman OF the United
States Steel Corporation, in a note to
this weeks issue of the Manufacturers
Record referring to the purchase of
the u Tennessee Co ], Iron and Railroad
Company, says:
1--WE have a high opinion of the
value OF the properties OF the Ten
nessee Coal. Iron and Railroad
Company. and believe we shall be
able to utilize them to great ad-
vantage to ourselves and to tho
community. Our examinations are
not yet complete nor our plans
fully developed"
Commenting upon this. tho Manu-
facturers. Record suggests that with
the same capital and tn same skill
at work in Birmingham as Pittsbu-g
has heretofore had. the development
OF the former will be on so great a
scale as to lessen comparatively the
preponderating position of Pittsburs
in the metallurgical world, but that
there Is no occasion on that account
for alarm or hostile feeling In the
older community. but, the rather, a
reason to -ejoice that the long latent
resources Of the South, so slightly de-
yeloped. are now to undergo SO great
development.
Destiny Fixed by Nature.
Referring to I'ittsburg as a type OF
Eastern iron and steel activity, 1t
| adds:
| TT ought to. recognize that, with the
United state Geological Survey, after
years of study. reporting that there
are in the Central South 10000,oo0,0O0
! tons of available ore, even though q
| considerable quantity Of this is of lower
| grade, and will not come into use for
| some years. while no one claims at the
outside over 2.Oo0.00O,00O tons for the
Lake Superior district the destiny of
the South has been fixed by nature 1t
!. self. 1t ought to be wise enough,
4 knowing from oerience the tremen-
i dous profit In the development of iron
4 and coal properties to join with the
.lsteel corporation In the purchase OF
4 coal and iron lands In the South, out
1 OF which, like the steel corporation, !,
4 may reap some Of the vast profits thai
4 await fortunate investors In these prop
4 critics. The people Of Pittsburg have 6
great opportunity in the Southern sit
uation, and II wise. Will become heavy
!. Investors there. They might ther
4 duplicate the profits made dn ores II
; Lake Superior and Masabi, in coal AM
coke in Connellsville and In iron ant
isteeI making in Pittsburg, ITSELF"
Building Activity Here.
The note of optimism here sounded I.
\ heard, too. in other Southern new
: developments of the week, such as tn
!, issuing during the past four months
= at Richmond, Va, Of AS building per
mits, representing $69S.291 expendi
tures:- the surveying of water-powe
properties on the Chattahoochee Rive,
I between Columbus and West Point
capable OF furnishing $4,000 horse
4 power, preparatory to the building Q
! a power plant: the organization Of foot
: ton mill companies in South Carolin
: land Alabama. and the planning of ad
j Editions to the equipment of existin
! Emills In Tennessee; the development c
= Focal properties in West Virginia; plan
+ for the building OF fifty stx-mile
tIllong electric railway, between Littl
"a Rock and Hot Springs, Ark, and tn
Z tletting Of contract for s2A0,0o0 wort
-Iof street paving in Fort Worth, TeNa