The Birmingham age-herald., 1916-03-12
Manufacturers Of State In- vited to Send Displays for Quarters in the Equi- table Building
STERLING & co. OF
 LONDON WILL HAVE NEW YORK OFFICES
President Mitchell Says Of- ficers Are Now Working on Details of New Mort gage of $1OO,OO0,0OO
By ALLEN GRIFFIN JOHNSON

New York, March 1.-(Special.) 1.-The
 land, which financed the Alabama Power company, the American Cyanamid com pany, and numerous other important yen-
 lures on this side of the Atlantic will this
 week install itself here in offices with the Alabama Power company on the twenty-ninth floor of the Equitable build
 ing at 120 Broadway. l.. Dorne Edgar,
 brother of F. Mackay Edgar the leading
 member of the firm, will be in charge of
 the New York offices. MT. E. Mackay
 Edgar and his brother are now in Man
 haitian.
 President James Mitchell of the Ala bama Power company made this an nouncement today, in an interview with The Age-Herald's correspondent, and he made it in manner that clearly evil denced his pleasure as a result of this important development. It means much in the company's plan for the develop ment of Alabama
 To begin with. the power company will take more floor space. occupying some IA rooms in the worlds largest office building and according to MT. Mitchell, a part of this space is to be devoted to a permanent exhibit of the products of Alabama manufacturers He has author ized the statement that he will place in this exhibit, free of charge, the product | of any Alabama manufacturer who will l prepave and. send areditables exhibit | from his factory. sMsNs ALL INTERESTS IN ALABAN,A i In this connection it should be remem-
 heret flat the Alabama Power company
 is unique among Manhattan uuartered concerns of it's ilk, In that Its whole inter- | est lies within the confines, the boun- dares of the state of Alabama. It has
 no side issues, no interests elsewhere, and for this reason the permanent man
 ufacturers' exhibit in the Equitable build ing should prove exceptionally well
 placed.
 MT. Mitchell said today. and with him throughout the interview sat T. w. Mar 1 tin of Birmingham, vice president and The Age-Heralds recent announcement ! was substantially correct.
 I For the past two years" the president continued, i've have been working to ar range additional financial support which will be independent of European troubles, and now we are in position to get all the money we shall need. but we shall of
 course, get it only as rapidly as property values and earnings warrant.
 Together with Harris, Forbes & Co.,,
 the foremost banking house in their line
 of business in the world. the officers of the Power company are now working
 upon the details of new mortgage, the
 authorized issue upon which will be $10O.- 100000.
 l Before the end of the week we ex- pect to have concluded definite arrange
 ments for $4,00OoOO, of which, as The Age
 Herald has previously stated s3,0oo,ooC
 will likely be spent within a year. 1 GOVERNMENTS ATTITUDE
 "The statement has frequently been made that we seek financial aid from the United States government. This is en-
 tirely incorrect. and we only ask that the
 federal government determine once for all what we are to be allowed to do in
 the matter of water power development. If no further developments are to be pos- sible on navigable rivers. the power com pany still has powers on non -navigable
 streams, and, as final resort. unlimited (Continued on Page Three)