The Birmingham age-herald., 1921-01-24
For Good of
 the Community

nal investment.
 This is that capital which, arising out of the earnings of successful enterprises already established and calling for ex- pansion to meet the demand on capacity, is invested to bring about this expansion.
 That kind of capital is proof of the pudding. It is silent testimony of the ex- cellent financial digestion following taste of Birmingham as place in which to do business.
 Much of this was done in 1920. The start in that direction this year has been an early one All investment records were broken last year A mighty good beginning has been made this year.
 On Saturday the Kilby Frog and Switch company gave notice of an in crease in capital stock from $15O,O00 to $3O0,000. This concern began the manu- facture of railroad frogs and switches in North Birmingham a few years ago. They have become a recognized stand ard. No wonder the company must ex- pand.
 The Birmingham Water Works com pany has increased it's capital stock by S700,000 It had to add to equipment to meet demands of the growing city. It will put $400,000 of the new capital into this equipment.
 The Alabama Home Building and Loan has given notice of increase in capi- tai stock from $6,000,000 to $9,000,000. The additional $3,000,000 is to go into the building of homes in Birmingham following the path pf the other $6,O00,-- 000I Building homes in Birmingham is a wonderfully safe investment The his- tory of the Alabama Home shows that 1t is.
 The Stockhman Pipe and Fittings com pany, doing large western business, has incorporated in Illinois with a capital stock of S500,0O0 to care for it's distribut- ing operations out of Chicago as center. This concern added greatly to it's capital zation last year to meet the call on it's expanding business at home and abroad.
 The Jemison Company recently in creased it's capital stock from $5O,000 to $30O,OO0 This real estate and insur- ance firm has financed and developed beautiful residence sections. It has grown with it's works. The handsome building that is to be it's home is typical of it's success and of the Birmingham that enabled that success.
 The Rushton corporation controlling string of ice-making plants, has acquired the Birmingham Packing company and will expand and modernize it's ice-making and cold storage capacity. The Rushton corporation has grown up with Birming ham. All it has was made in Birming- ham and all it possesses is here. It also has found Birmingham fine place in which to- do business
 The Empire Coal company, capital $2,5OO000, was incorporated in Balti- more the other day. It takes over the active coal mining properties of the old Empire Coal and the coal-bearing lands of the Panama Coal and Iron Company and Walter Moore in the Empire basin in Walker county. This also is expansion where experience has proven that invest ment in Alabama industries is one that pays.
 This is not so much new money from the outside as money enuring out of the success of operations that the new money is to continue and expand. The moment word is given that Lock IS on the upper Warrior is to be built, the Empire com pany is ready to begin work of new mine openings at cost of $500,000.