The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-11-05
COREY is NAME
GIVEN To NEW
INDUSTRIAL CITY
Will Be Located Adjacent To
tnsley and VIVIAN in Heart
! of developments
PROMINENT MEN TAKE
UP DEVElOPME WORK
Will Be Made the Gary of the South
and Is Expected To Be
Model Home for

y.
This is the name of the Gary of the
SOUTH
Engineers are in the field laying off
an ideal industrial city Corey which
will be to the Birmingham district what
Gary is to the Chicago district.
The property is adjacent to and fronts
on the extensive tracts of real estate re-
Gently acquired by the Tennessee Coal
Iron and Railroad company, where it is
said great industrial plants will be erect
ed within the next two years. Corey
will be the model city for the army of
workmen who will be employed in those
plants, the magnitude of which have per-
haps, not yet been fully appreciated in
| Birmingham. The property is owned by
the Corey Land company, of which Rob-
ert Jemison, Jr, is president; Walker
Percy, vice president, and A b. Tanner,
secretary and treasurer
President Jemison said yesterday:
THE company owns several hundred
acres and on this property will be placed
every known modern convenience, in
GLIDING streets, water, sewers, lights
sidewalks, curb and cutters. The COM
pany is capitalized at 100000 and the
list of directors and stockholders Includes
| many of Birfninghanls most prominent
business men. The directors are w. P.
G. Harding, president of the First Ma
tional bank; Walker Percy, attorney; Lee
c. Bradley, attorney; Otto Marx, bank
er; John L. Raul, president of the Kaul
Lumber company; Henry B. Gray, lieu
tenant governor and president of the
Peoples bank and myself.
Among the stockholders are ]. M.
Perkins, John ]. Walker and N. W.
Scott of Ensley, F. d. -Eabers q. l..
Nabers, Robert Stephens, George NJ. Nor
row, OHM T. Morgan, Senator Joseph F.
Johnston Paschal G. Shook, H. G. Sci
bells, John P. Tillman, R. C. Hemphill,
j. Allen Durham. Hill Ferguson, E. w.
Barrett. w. M. Cosby, w. M. Walker,
T. H. Motion, Guy R. Johnson, w. H.
Hill, Frank H. Bell, r. F. Smith and
Richard H. Edmonds, editor of the Manu-
facturers' Record of Baltimore. There
are also several prominent New York peo-
Pile who are large stockholders.
"Of great interest In connection with
the organization of the company Is the
fact that the original stock was greatly
oversubscribed and that there was an
enormous demand for opportunity to Sc
cure shares of stock.
1.-THE Corey Land company owns the
only available land adjacent to the large
tract recently bodied UP by the Tennes-
see company at a cost to that company
of nearly million dollars for the purpose
of locating additional plants in accord
ance with the recent announcements of
that company. The land owned by the
Corey company is bounded on one side
by the property of the Tennessee conf
pany, on another side by Wylam, on an
other side by Ensley, and a goodly por-
ton of it is in the city limits of Greater
Birmingham. 1t is in close proximity to
the present terminus of the South and
North Ensley car line, the Wylam line
and not far from the North Bessemer
line.
1.-THE new town of Corey will, from its
inception be developed as an attractive
city with all up-to-date convepiences and
improvements. 1t is not body or lana
isolated in an unpopulated and undevel-
oped territory to be developed In a scant,
cheap or fimsy manner with view to
selling lots to people in and out of Biz
mingham who haven't the opportunity to
inspect and Investigate the property for
themselves. and buy sight unseen. ON
the other hand, Corey will be the most
modern Industrial town of this country.
COREY is named after the president
and operating head of the United States
Steel corporation. just as Gary was named
after the chairman and financial head or
the company, and this name seems
compliment as fitting to the former as
the naming of Gary was to the latter"