The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-06-21
SOUTH OD0IVlyCA
IN IRON AND STEEL
Great Expansion of the 1ndustr,
predicted by Leading Iron
Master Of Central West.
HAVE MORE FINISHING PLANTS
Said to Be the Intention Of Ten
ncsscc Company to Build
Furtl,cr-Coal Supply.

Especial to Tho Times. Dispatch. ]

Y
BALTIMORE. MD, June 2o.--Mr. jos
| eph G.. Butler, Jr., OF Youngstown, Ohio,
one of the leading iron masters OF the
Central West, who has recently made
personal study of Southern iron OPP
Iportunities. in the course of an article
In this weeks issue of the Nlanufac-
turers' Record on ironrnaSing, North
and South, points to a great expansion
of the iron and steel industry in the
South. He says:
The quantity Of ore in the South is,
or course, largely a matter of compu-
tation, and have no doubt the figures
given me are correct 1t is simply fab
ulous.
The increased use Of the basic pro
cess is going to be n very great help
TO the South. Bessemer ores are get
ting scarcer, and the Use of basic pro-
cess is widening both North and South.
The time Is coming when a great deal
of the pig-iron shipped North will be
manufactured at home into various diff
ferent forms. This. j think will be
first taken In hand by the Tennessee
Coal, Iron and Railroad Company. I
believe 1t Is the intention of the COR
poration to build additional finishing
plants in the South.
The Tcnnesscc'a Properties.
AS stated to me on two or three
occasions while in Baltimore, / think
the property of the Tennessee Coal
Iron and Railroad Company Is second
only in Importance to that Of the Car
negie Steel Company as one OF the
subsidiary companies of the United
states Steel Corporation. I believe
the leading officials OF the corporation
so View 1t, and will go forward and
build 1t up and strengthen 1t. This
will require many years and much
expenditure OF money. Heretofore the
tennessee property has been consiA
cred moro or less as a speculative at
fair. 1t was taken hold of, however,
in earnest by the officials who had i'm
mediate charge prior to the acquisi-
ton by the United States Steel Cor
poration and I have no doubt had
these people continued in the owner-
ship that great improvements would
have been made. However. the prop
erty has been taken out OF the spec
ulative class and will gradually be
put upon a solid earning basis and
placed In the investment class by the
people now In charge. who have the
necessary capital and the necessary
practical. as we'll as business. talent.
Iron ore is. of course, the foun-
dation of all the steel and iron pro-
ducing interests. There are three
great sources of supply-Lake Supc-
rior. .ne South and Cuba. These are
supplemented to considerable ex-
tent by the Cornwcll deposits in
Pennsylvania and the magnetic depos-
lis of Northern New York and New
Jersey. which are being electrically
treated and are now used In the mix
lures of all the Eastern furnaces"
South's Coal supply.
Another important element in the
Iron and steel Industry is. of course,
coal In exposition of the progress
made during the pat ten years in
Southen coal mining. the Manufacture
crs' Record says:
In 1907 the South mined ai.7oos35 short
tons of btuminous coal, nearly 100000 tons
moro than the total output of coal In, tn
country in 1881. and about 1850, 600 tons
more than the whole bituminous output of
the country in 1857. The 1907 production
by States in comparison with the production
ten years previously is shown IN the follow