The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-11-21

O~ANSS0 eAAeeeS~S~~S~
farms and market gardens. It means
a great increase in wealth and popu-
lation to Duluth and to Minnesota.
And, aside from the matter of size,
the new plant will be a model, the fin
est, most-up-to-date and most elabor-
ate in the world, the last word in steel
plants in this age Of steel; and it viii
be surrounded by a model village,
where the workmen will live, that will
furnish an eloquent object lesson in
building communities for the comfort
and well being of their inhabitants.
Not 1.-THE least remarkable thing
about this new industry is the way it
has grown from the original plans.
It is an i'll wind that blows nobody
good.
Had it not been for the panic Of
1907, disastrous affair that brought
hardships to many, and which Duluth
felt as much as any, the steel plant
would now be completed and in opera
tion-BUT 1T WOULD BE ONLY A
THIRD AS LARGE AS 1T NOW
WILL BE WHEN 1T IS CONFLICT
ED.
The first news of the decision of the
United States Steel corporation to es-
tablish plant at Duluth came April
l, 1907, in the form of telegram to
The Herald from New York, signed by
Thomas F. Cole, Joseph B. Cotton
and Frank B. kellogg, in which this
statement was made:
The United States Steel corpor-
alton has today decided to estab-
~lish an iron and steel plant at Du-
luth. The plans are not fully de-
veloped, but they will involve
something like FIVE OR SIX
MILLION DOLLARS.
Then came the panic Of October,
1907, and several years of depression
during which the production Of the
steel trade diminished until the Unit
ed States Steel corporation was using
less than half of its existing capacity.
This occasioned delay in completing
the plans for the Duluth plant; but
in the meantime the conception Of Du-
luth as a site for an important steel
industry grew in the minds Of the
managers of the steel corporation I'M
til President Farrell, in his interview,
with The Herald recently, announced
that instead of five or six million dol
lars, the expenditure on the Duluth
plant will reach TWENTY-FIVE
MILLIONS.
Three very vital things, things that
every body should realize, this good
news means:
First, that the wise and far-seeing
managers Of this great corporation
see in Duluth an ideal location for
great industries;
Second, that they see in the rapidly
developing Northwest a tremendous
market in the future for their pro-
ducts;
Third, that though Wall Street may
SILVER with every passing breeze, this
great corporation is confident Of the
future Of the nation and of the solid
ity and permanence of the national
prosperity.
And it is investing millions at Du-
luth to prove it's confidence and its
judgment.
Mr.. C. ]. Kinzel, who was here last
week and is in the city again in the
interest of the Steel Plant Investment
Co., took Virginia residents down
to see his property last Sunday, and
sold 9 lotsto the party. Mr.. Kinzel's
display pictures Of the Duluth steel
plant in the window Of the Model
Pharmacy, 316 Chestnut street, Viz
ginia, is attracting great deal Of
attention and he expects TO take q
larger party to inspect Gary next
Sunday. Few Of our people realize
the immensely Of the great steel
plant and a trip Of inspection is en-
tightening. BY watching the build
ing permit columns of the Duluth
papers you will realize how rapidly
Gary is developing.