The Birmingham age-herald., 1913-06-10


nual event, taking rank with the Ala
bama State Fair as an attraction for
visitors.
Construction Going On
"All indications are that records of
achievement and production for 1912, will
be broken In the year 1913. Recently
the 20 story office building of the Ameri-
tam Trust and Savings bank has been
completed at a cost of s1,100000. The six
story building of the Alabama Penny
Savings bank, a negro institution. was
completed at a cost of $4,000, erected by
those of their own race The Young
Mems Christian association building, a
s250,000 structure, is now occupied. The
Young Women's Christian association
building was recently constructed at a
cost of $4,000. retail business house
has recently been completed costing $780,,
6Oo Plans have been completed for the
erection for a chain of wholesale houses
creating a new wholesale district. at q
cost of nearly $l0,O0o,000 by one realty
concern. Among uncompleted buildings
are the 25 story Jefferson County Saw
ings bank building costing S1,1000O1;
Roden hotel IL stories, sl,OOOoO0 Tut
wiler hotel S1oOo,Ooo; Ridgely apartments
$3.50 coo; a retailers block, $4,000; Lyric
theatre, 100000.
Among the new Industries are the
new S4C00,000 by product plant of the Ten
nessee Coal, Iron and Railroad company.
which calls for future investment of $40.
100000. A 100000 acid plant of the Steel
City Chemical company. which, it is re-
ported, will be doubled during the year;
$500 eco plant of the Barrett Manufacture
ing company, $500.000 plant of the Ameri-
can Radiator company. Announcement
has just been made of plans for improve
nlent and development of properties of
.l..... 4,
ing the year al a cost of 100000. The
plant of the National Cast Iron Pipe conf
pany is being completed and will add to
the manufacture of iron pipe. Operation
of the American Radiator plant will be-
gin during June.
According to reliable estimates of pas
senger officials. of local railroad offices
passenger business out of Birmingham
for 1912 amounted to $3,0o0,000 and for
1911 approximately $2,30o,000, showing an
increase for last year of about 100000
Incoming business for the past year, ac-
cording to officials. amounted to $4,000,
o00 Nine great railroad systems radiate
from Birmingham. the city in which the
best steel rail in the world is made. Dur
ing the year 1912 double tracking of the
Louisville and Nashville railroad between
Nashville and Birmingham was COM
pleted at a cost of $6,000,000
zone million ffty-seven thousand five
| hundred and forty-two dollars was eX-
pended in development by the Brming
ham Railway, Light and Power company.
| The Tidewater line from East Lake
through Birmingham to Ensley, dis
tance of 10 miles, at a cost of SOoo,0O0.
These lines are now being extended to
Fairfield and Bessemer, and negotiations
are underway looking to sale of bonds to
build the line to Tuscaloosa. recent
franchise has been granted by the city
1l-l 81. tI.t..x- ltx..& fr,
struction of lines through the city. OH
which work will shortly be commenced,
and will give Birmingham the most serv-
iceable system of electric railway lines
possessed by any city in the country in
its class. According to the car service
association the number of cars handled
by the railroad during 1912 was 925,00O an
increase of 5000 over previous records.
Wire Mill Reopened
within the past few days announce
mcnt has been made by the American
Steel and Wire company, which business
men say heralds the greatest era of pros
perity Birmingham has ever known, since
the acquisition of the properties of the
Tennessee Coal, Iron and Railroad COM
pany, by the United States Steel corpora
ton. The announcement is to the effect
that the American Steel and Wire COM
pany, on which work was stopped last
year, VIII pe rushed 10 cOHpietlOil diiu
placed in operation at the earliest prac-
ticable moment. William E. Cory. former
president of the United States Steel cor
poration is reported to have stated in
his testimony in the government case
against the steel trust, January "a, that
he favored expenditure of $5,0O0.000 per
year for five years, in developing the
properties of the Tennessee company, inn
mediately after they were taken over by
the United States Steel corporation in
order to make that company a dividend
paying one at the earliest possible mo-
ment. SO strong was his faith in the re-
sources OF the district. From that state
nent some idea may be had of the i'm
mense development that is to take place
following the establishment of the plant
of the American Steel and Wire COM
l-pany almost in a stones throw of the
iron manufacturing plant of the Ten
nessee company, providing as 1T does, a
home market for the iron producers here
tofore unknown. model industrial
town has already been built up around
this plant. AS result of this announce
ment. more buoyant feeling pervades the
business circles of Birmingham than has
been experienced since the days before
the panic.
Another immense corporation that is
expending millions in Alabama today, is
the Alabama Interstate Power company,
dnu lLS diileu cOTpOTdllOHS, HdNinS Htdu-
quarters in Birmingham. This company,
backed by the Alabama Light, Power
and Traction company, is spending 5000,
600 in the state as an initial investment
in harnessing the power of rivers. 1t is
reported that they will have power in
Birmingham and other Alabama cities by
August ]. and will furnish unlimited cleo
trio power to every kind of manufacture
ing plant at reasonable rates, and to
points that in the natural order of de-
velopment would not have been reached
for years.
ITO sum up the situation in few words
Birmingham Is the center of the great
est mineral district In the world and
presents both developed and undeveloped
resources unapproached by any city In
the south. Its weekly pay roll amounts
to more than $1.000,000
1.-The spirit of it's captains of industry
as we'll as the entire population Is recog-
nized without mentioning that fact
Order Offensive Operations
(N-1 Irsvx