The Birmingham age-herald., 1907-11-10
Conservative Men Are Exceed ingIy Optimistic
STEEL CORPORATION
 MEANS GREAT THINGS
Ell. Hartman Buying Central of Georgia and Actions of A. B. & A. Railroad in Development
 Result in Good,
''The situation looks good. |"


 Great epoch making events are hap pening ill Birmingham. The Steel cor porations purchase of the Tennessee com pany is the greatest event in the history of Birmingham"
 '''rhe Atlanta, Birmingham and Atlantic | railroad is building the finest piece of railroad property in the south, the ob- jective point being Birmingham. It is developing great industries to furnish ton- mage for it's road
 "C. H. Hartman has purchased the Central of Georgia railway, thus making Birmingham the final connecting link be- tween the Pacific and Atlantlc-the junc- tion of the Central of Georgia and the Illinois Central"
 Those are only a few of the optmis- tic statements heard in Birmingham yes- terday, heard on every side ana from people in every walk of life
 E. II. Hartman has been quoted as saying that the people would wonder why they did not pawn their watch chains and buy stocks. The same ab- plies to Birmingham now. Six months or year from now people in Birming- ham will be wondering why they did
 
 Birmingham real estate. The man that looses today is the man who fails to take advantage of this opportunity to buy.
 Shows Great Faith.
 While the rest of tho world is re- trenching Birmingham Is on the eve of its greatest development. The Steel corporation has shown it's great faith in Birmingham by paying $1700O000 in cold hard cash for Tennessee company stock. What could be more suspicious than this action of the greatest corpo- ration on earth? Such a purchase can mean but one th.uE-the enlargement and development of the Tennessee com pany properties. That in turn means but one thing. The greatest prosperity that Birmingham has ever known.
 Hartman, probably the greatest finan- cier of the age, has also shown his faith. He bought the Central of Geor- gia railway, which connects in Bir- mingham with the Illinois Central, which connects with other lines that reach the Pacific It stands to reason that he must buy coal lands and indus trial companies here to furnish tonnage for his roads, just as the Atlanta, Bir- mlngham and Atlantic has bought in- dustrial properties here to furnish ton mage for its road. What is bought will have to be developed.
 The Atlanta, Birmingham and Atlantic is lending every energy 10 reach Bir- mingham with it's fails. 1t is building the finest piece of roadbed that the south has ever seen, road for the future as well as the present The road is spend ing hundreds of thousands of dollars in developing mines and industrial plants in the district to furnish tonnage for itself.
 There is an immediate field for devel- opment. While others stand still, Bir- mngham should go forward with leaps and bounds Values here are adyanc- ing. and such men as W. Fl. Hassinger and Col. A. M. Shook of Nashville see nothing but a clear sky in the fu- ture for Birmingham.
 Cheap Material.
 Mir Hasslnger has shown that raw materials for the manufacture of pig iron can be assembled at the furnaces in Birmingham for practically one eighth of what 1t costs to assemble them at Gary, Ind, or one-ninth what 1t costs the Steel corporation to assem- ble its materials in the Mahoning val ley district. These figures show that it is about 8 cheaper per ton to assem- ble the materials for making iron. This gives the Birmingham district a vast advantage over other districts.
 All Of Which leads to but one natural conclusion-that the Steel corporation will spend millions of dollars making improve ments in and around Birmingham open new plants of all kinds for the making, of iron and steel products; that Bir- mingham city and suburban. real estate will advance in value rapidly, and that Birmingham today is on the eve of it's greatest development.
 The properties of the Jemison Real Estate and Insurance company, nota- bly, Central Park, Earle Place, Ensley Highlands and Tuxedo Park, lie in the immediate district that will be affected first by the advent of the Steel corpor- atlon into the Birmingham district Earle Place and Central Park are the only inn proved residence sections in that great payroll center. Ensley Highlands and Tuxedo are within the city limits of Ensley.
 The people of the Birmingham district have realized that money invested in real estate is better than money put fin a savings bank to draw only per cent. Real estate can be realized on at any time and it pays a great deal more than 1 per cent on the investment if care and discretion are used In the purchase of the real estate. ss%