The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-06-09
(FromB rmingh 2S,
Word Of Gary Carries
Weight With Investors
Birmingham District Never
Had More Influential
Champion
TALKS OF A L A B A M A
Points to Enormous Resources
of This District and Speaks
Glowingly of the Future

NEW YORK. Feb. 2s.-Additional
evidence of the highly favorable i'm
preston made upon Judge Il. IL. Gary,
of the United States Steel corporation.
by the Birmingham district upon the
occasion of his visit to hat section re-
Gently, is contained in an interview
made public Yesterday Judge Gary,
aside from expressing in warm terms
his high appreciation of the good Will
shown toward his enterprise by the
people of Alabama. became enthusiasts
tic in praising the resources of that
section. He told of the United States
Steel corporation having expended six
and half million dollars in the Bir-
mingham district recently and of its
having appropriated seven and half
million dollars additional for the con-
struction of other plants there.
Strong Champion.
The frank enthusiasm of one of the
highest officials of the worlds great
est Industrial enterprises over the re-
served to awaken renewed interest in
that section among capitalists of the
North. There is no doubt that what :
he has to say will result in great good
to Birmingham and Alabama aside
from anything the Steel corporation is
to do in the development of that Sec
ton The fact that Alabama, and the
Birmingham district in particular, have
almost inexhaustible resources so sit
uated as to do away with the usual
long haul on raw material. has never
been more forcibly emphasized, nor
has that district ever had champion
whose word carried greater weight
with monied men of the country.
In his interview Judg Gary said:
MEN expert in gathering facts and
with minds attunded to figures and
with expert ability in telling us the
secrets of nature. estimate that the
South contains at least oO00o,ooo
tons of iron ore.
"Statisticians show us that Alabama
for instance. produced 1856 long tons
or iron ore during 1880. Again. they
tell us that in the year 1900. 2,75s.247
tons were produced and we know that
during the year 1908 nearly 100000
tons was the output.
Produced One-sixth.
when we compile the figures of
Southern states producing iron Tor the
year 1880 we find that 1908 produced
seven times as much or 5,540,S7S tons,
against paltry S42454 tons IN the
year first mentioned.
Again we find that of the total out
put for / Dos. amounting 36,o00,000 tons.
the Southern states produced one-sixth
of the entire output.
Our experts have made a study of
our Alabama properties and i believe
we know them as well as do the peo-
pie of Albania.
1--WE have 700 100000 tons of ore and
a much larger tonnage of coal. This
ore and coal lie almost contiguous and
can be assembled in the Alabama dis
trict at a lower transportation rate
than is possible in any possible manu-
featuring center in the United States.
As a result after the completion of
contemplated improvements, iron and
steel can be manufactured in this dis
trict at a cost about as low as that
Of any other point of production.
Large Expenditures.
Since the United States steel COR
poration entered this district it has ex-
pended $500, 900 in the construction of
plants and In the development of it's
properties. In addition it has definite
ly appropriated for new development
and construction the sum of $1,000, 900.
This money will be expended in the
various projects for what has been ap-
propriated with all reasonable expedi-
ton.
From the people of Alabama moth
ing but good will has been shown to-
ward this corporation and that hospit-
able spirit is as much appreciated by
Sur officers In the city of New York as
by our local representatives in the city
of Birmingham. Under conditions as
they have existed heretofore there have
been made expenditures ana appropri-
atoms aggregating the figures l have
mentioned.
"In addition to the advantage which
the Alabama district enjoys in the
economic assemblage of raw material it
can reach on a basis Of transportation
producing centers, markets of terri
tory containing 80 per cent of the pop
ulation of the United States. With
such natural advantages is 1t not nat
ural to suppose that the people of Ala
bama have good cause to be hopeful
for the future?
The general business outlook Is full
of encouragement The business of the
country is good and / see no real
ground for uneasiness as to the future"