Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-09-25
AMERICAN CORPORATION TO Sc.
CURE CONTROL OF ORIENTAL
BUSINESS.
SAW GREAT OPPORTUNITY
AND GRAsPEp SITUATION
Steel Corporation Making Strong Bid
For Control of Coal, Iron and Steel
Business of China - Developments
Being Prosecuted in Southern States
Especial Correspondence

Especial Correspondence
Washington, Sept. 25.-The United
States Steel Corporation is getting
ready to make strong bid for control
of the coal, iron and steel business of
China.
Travellers who have recently re-
turned from that part of the world, to-
gether with some data which consular
agents have presented, have made it
apparent that the great American cor
poration is much farther along the road
to control of vast business in the
orient, than is generally known. Only
rather vague information has been OBJ
tainable as to the holdings of iron and
coal which have been gathered up for
the steel corporation in China: but 1t
is very positively declared that vast
deposits in the province of Shan 81, be-
lieved by many people to be the rich
est in the world. have come into the
control of the corporation
For many years this province Of
Shan ST has been regarded by experts
familiar with is conditions, as the ideal
region. of all the world, for iron and
steel manufacture. If the iron ore
deposits of the upper lake region We're
right alongside great coal mines; and
if the very best grade of limestone
were Immediately adjacent-then the
condition would be fairly COMPARABLE
to that existing in Shan ST. Everything
needed for the most economical pro-
duction of the best iron and steel is
at hand; even the transportation ia
cilities will be of the best, because of
the possibility of developing at small
cost the best water transit
Looked Into Future.
| The American steel trust it is now
explained, a number of years ago con-
ceived the idea that soon or late there
must be a tremendous demand for iron
and steel In China. Whenever the bus
mess of building railroads fairly gets
started in China, there will be such a
demand as has never been known in
the world. The steel corporations far
| sighted managers anticipated this con-
dition. They investigated the possible
| ty of making steel rails and other
heavy iron products in China. They
found that the country has everything
necessary, including an unlimited sup
ply Of the cheapest labor In the world.
Efforts We're inaugurated to secure
control of necessary deposits Of coal
iron and limestone: and those have
been ga---. in There is declared
to be enough of these materials. now
under the denomination Of the stee
tn, Chon tn
other steel for all the railroads China
will need in hundreds of years, ever
If it should take on the most uneA-
pected development.
First Plant Erected.
A number of years ago a plant was
erected in this province. for expert
mental purposes. by the trust agencie;
there 1t has demonstrated that tn
coal and ores are capable of the bes
that was hoped for them. and that Chi
rese labor can be trained very shoftl.
| to do the work just as we'll as the whit
: workmen of the occident do in the iro,
districts of Westphalia, Pittsburg @
the west of England.
People who have studied this exper
l mental work in China express I'll
/ opinion that a generation hence tn
United States Steel Corporation will b
dominating the steel business of tn
: far east quite as completely as it nov
does that of the United States 1t i
5 explained that a good deal of myster
surrounds the whole campaign Il
r China. Little has been made public b
the steel corporation people about i
either here or in the east But enoug
> has drifted back to Washington, thu
both official and unofficial channels t
make it very apparent that a hug
speculation in oriental development
being planned by the ironmasters
the United States.
Developments in tho South.
, There comes also from the Aabam
u iron district an interesting narrativ
of projects of the steel corporation plar
II for the further development of the in
u dustry in that region The big Amer
: lean steel concerns control the gret
g ore deposits of the province of San.
+ ago, Cuba. This is said to be the rich
est large deposit in the world, becaus
e it contains am admixture of nickel
g. the proportion necessary to make y
n finest steel. This Cuban ore, it is ea
planned, is to be brought to a gre:
lie plant which is being established 6
It, the Warrior river in Alabama, ar
there smelted. The reduction of t!
III duty on ore gave the assurance TIL
l. this project would be entirely succe
he full. The transportation will be
k, cheap or cheaper than bringing Il
Lake Superior ores to the Pennsylvan
IL furnaces, while the Cuban ores are i
,e c!ared m,rch hette- than those &c t!
= Superior region. Vast changes in Il
M whole iron and steel industry are pr
dicted as a result of this developme
of the Cuban ores, and the south is