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16 (1430)
Survey o
MORE SOUTHERN PROJECTS.
Among the many Important Southern
industrial and developmental enterprises
announced In this week's issue
of the Manufacturers' Record are the
following: Panama Ooal and Iron
Company. Birmingham. Ala., will incor
porate with a capital stock of $1,000,000
and later increase to $1,500,000 to develop
35,000 acres of iron ore land In
Walker County, Ala., estimated to contain
90,000,000 tons.?Manufacturers'
Power Company, Hendersonville, N. C.,
incorporated with a capital stock of $1,000,000
ana is reported as planning to
construct dam, powerhouse, transmission
system, etc., on Green River, between
Hendersonville and Saluda.?
Capitalists of Duluth, Minn., are reported
to have purchased several thousand
acres of wet lands in St Mary's Parish,
La., for $1,000,000, aud Northern investors
three tracts in Louisiana wet lands
#/%_ Afirt AAA +?* 1
ivrr fo,uvu,uuv;, iu uiaiu iui agi luuuurui
development.?North Carolina-Partridge
Smelting Company, Knoxvllle, Tenn.,
incorporated with a capital stock of
$300,000, and Patrldge Metallurgical and
Manufacturing Company, of some city,
incorporated with capital Btock of $1.000,000.?Kentucky
Utilities Company
plans oxtexsivo Improvements to its
electric light, power, rail way, water and
gas systems at Mt. Sterling. Winchester,
ShelbyviUe, Versailles. Somerset and
Kllzabethtown, Ky., and Is planning
to build a $1,000,000 electric plant at
Somerset.?Self-Fluxing Ore and Min
Ii?g Company, Birmingham. Ala., organized
with capital stock of $1.500,000 to
develop Shades Valley iron ore property
near Oxmoor, Ala.: investment estimated
at $75,000 to $100,000 for openings
and plants.?National Consolidated
Coat Company, Belington, W. Va., Incorporated
with authorized capita! stock
of $2,000,000.?Watauga Power fompany,
Eliza'bethtown, Tenn., is planning
large improvements and extensions for
additional service in connection with a
recent bond issue for $300,000.
YIRGIMA COAL.
Tbr ?nt coal mining section of Vir?*tnta
o 1 An rr +Ko riin/tk Vollow on/! In
Lee County and along the Carolina,
Clinohfield and Ohio Railway was never
so 'busy and prosperous in Its history.
The four big railroads hauling coal and
coke from this field are taxed to their
utmost capacity. If the Old Dominion
had not been so liberal to her daughters,
West Virginia and Kentucky, when
slicing off her mountain territory, she
would "have coal to burn." However,
by a streke of good fortune. Virginia
did not let all of the good coal land go.
Only recently the Pardee Company
opened a new seam In the Black Mountain
measuring eleven feet clean coal.
Two hundred feet above this marvellous
ream they opened a flve-foot seam of
splint coal. They are driving these
seams straight through the mountain,
but they have only to go half way hefore
they will be Oq Kentucky territory.
Nevertheless, there is enough and to
spare in Virginia, for from Pocahontas
on through Buchanan and Dickenson
Counties to Cumberland Gap the old
mother of States will be mining coal
for centuries yet to come. This field
has decided advantages over the West
Virginia field in mat we nave rour competing
railway lines with the shortest
and most direct .hauls to the Atlantic
Coast and to the Panama Cana] ships.
Virginians have not yet realized the
enormous wealth of their Southwestern
coal fields. There has been for some
time, quite a race between the Southern,
the Ix>ul*vllle and Nashville, the Norfolk
and Western and the Cllnchfield as
THE PEE8BYTERU
<f Curren
to which shall control the most undeveloped
coal territory. All four of
these lines have been active the past
three years extending their lines and
building and absorbing branch lines in
order to get more coal to haul. This
latest deal puts the Southern Railway
right ni> to the Kentucky State line.
The Carolina-Cllnchfleld is hammering
away alght and day putting a tunnel
through the Sandy Ridge at Dante, Va.,
which, when completed, will give It a
clear field Into one of the greatest coal
regions In the world. In addition to
these four trunk lines, the Baltimore &
Ohio and the Chesapeake & Ohio ar?
both within a few miles of this field
to the north, and there is no doubt but
that these two lines will soon be hitched
up with the four already at the door.
With all of these lines In operation and
the Panama Canal doing business and
calling for more and more coal. Southwest
Virginia is going to flourish as no
other part of the old State has up to
cne present writing.
CANAL EXCAVATIONS.
Canal excavation to December 1 was
135,404,496 cubic yards, leaving to be
excavated 27,039,042 cubic yards, or a
little more than one-seventh of the entire
amount necessary for the completed
canal. The total excavation for No
vember was 2.511,026 cubic yards, as
compared with 2,590,922 cubic yards In
November, 1911; with 3,006,027 cubic
yards In November, 1910, and 2.45S.152
cubic yards in November, 1909. The
dry excavation amounted to 1,282,029
cubic yards. The dredges and monitors
removed 1,288.997 cubic yards. In the
Atlantic division the total excavation
was 680,150 cubic yards. The total excavation
In the central division was
976 071 cubic yards, which includes 3.000
viiui-; ;aru? III Hie v-UI??Dra CUl SeCllOTl
charged to "plant" excavation. The
output for November In the central division
showed a decrease from October
of 143 776 cubic yards. In the Pacific
division the total excavation was 854,b05
cubic yards.
COAL TUUST DECISION.
Declaring that the general combination
of Pennsylvania railroads alleged
by the government to form the "Anthracite
Coal Trust" had not been establish
on, ine supreme court has partially
dissolved the trust by holding that the
so-called 65 per cent contracts are void,
as "abnormal and Illegal restraints
upon Interstate commerce." The coal
companies secure some points In the
case inasmuch as the government loses
on the general conspiracy charges.
The? court's decision is a partial victory
for the government. It dissolves
the Temple Tron Company. The railroad
consolidation involved in the alleged
trust is not declared illegal.
Justice L,urton read the decision of the
court. The court refused to order the
dissolution of the Erio and the Central
Railroad of New Jersey and also other
alleged combinations of the anthracite
carriers.
ALASKA'S 1912 YIELD.
Alaska has prospered In many re
spects (luring the last year, according
to Governor Walter E. Clark, in his annual
report, submitted to Secretary of
the Interior Fisher. Governor Clark deplores,
however, the present lack of
railroad construction and of cheap native
fuel, declaring that proper development
of the territory's resources demands
adequate means of transportation
and the opening up of the fuel
resources. As to commerce between
Alaska and the United States and with
LN OF THE SOUTH
t Events
foreign countries, it wrb the largest last
year lu the history of the Territory,
totaling almost $200,000,000. Of thJs
amount $48,800,000 was of merchandise
from the United States, $1,000,000 above g
the previous record in 1910. Alaska d
shipped to the States $13,200,0000 worth \
of canned salmon and $1,000,000 worth j
of other fish, $5,000,000 worth of copper r
ore, $17,200,000 worth of gold and other
products, to a total value of more than
$38,000,000. Except for gold, these all
are record figures, the gold exports to
the United States two years ago having
exceeded $1S,000,000. Xever before was
there so great an increase in the salmon
Industry, a total of eighty-seven
canneries being In operation, against
sixty-four the year before. There were
14,800 persons engaged in the work, 19
per cent, more than in 1911. Altogether
there were 18,000 persons in the fishing
industry, of whom 7,600 were whites,
the other Indians, Chinese, Japanese,
Filipinos, Mexicans and others. More
than 500 whales were killed in the season.
Governor Clark fears no depletion
of the fish, provided the present protective
laws are observed. He recommends
"strict provisions to prevent aHens from
fishing in Alaskan waters, the present
statute being notoriously invaded."
MONSTERS OF CRIME.
"Walking delegates and officials who
do not -work, but who use the funds of
labor unions to enhance their own
power, eve?* if they must resort to
crime." was the government's description
1" its argument to the jury at the 1
"dynamite conspiracy" trial of the forty ]
men charged with complicity in the Mc- ,
Naroara dynamite plots. Olaf A. Tveft- .
moe, of San Francisco, was charged ,
with helping to expend $330,00 "collect- {
ed from honest workingmen." In connection
with a strike at Los Angeles, j
which culminated in the wrecking of
the Los Angeles Times building, and all
of the defendants were declared to have
used the funds of the Iron Workers International
Union in violation of the
by-laws of the union to pay dynamiters
to blow up non-union jobs. "These
men committed a crime, not only
against the laws of the land, but they
committed a crime against their own
union," said James W. Noel, special assistant
district attorney, "and these de- ,
fendantj aro not working men who work ,
with their hands. They are the walk
Ing delegates with .high salaries, who
have brought the Iron Workers' Union
Into disrepute. The government makes
no charge against labor unions, whose
purpose Is legitimate and lofty, but It
accuses those monsters of crime who
stand at the head of the union and deceive
the working men and use their
money for unlawful purposes. You
jurors cannot allow such men to steer
this country Into a state of social
chaos, upon which they were determined."
1
FEDERAL RESTRICTION WANTED. '
1
Charles Nagol, secretary of commerce <
and labor, In his annual report sub- '
raltted to President Taft says he would i
sharply define and restrict the powers i
and discretion of the proposed federal i
commission to regulate Industrial cor- 1
poratlons. The secretary declares bis i
opposition to the endowment of such i
a commission, If finally established by 1
Congress, with powers equal tb those i
v?iii.iocu u y mu iincrBlHlfl ?:OTTl ID erCO
commission over railroads. He dlsap- 1
proves the authority to fix prices. "If 1
ihe powers of such a trade commission '
are well defined," the secretary says. 5
"It may serve the general purpose of .
giving large Industrial and eommerclal
[January 1, 1"' :
loncerns much needed federal auhorlty
and control. It is possible by
odging in the commission well defined
liscretion an Intelligent purpose may
>e served. But the obvious danger 1s
hat such a commission, once created,
rill soon be vested with further powers
rhe disposition will undoubtedly be to
live It authority to fix prices and conlitlons
of operation, similar to that
vhich the interstate commerce convmisdon
now exorcises with respect to
ailroade and their rates.
FEDERAL CONTROL WANTED.
A definite and comprehensive water
tower policy for streams upon the pubic
domain and navigable streams n<
>n the public domain Is urged by th*
lecretary of tho Interior, Walter L.
Wisher, as the most important subject
>endinp: before Congress and the counry,
in his annual report submitted to
President Taft. Other legislation
vhlch Secretary Fisher recommends as
mportant to the welfare of the country
:mhodIes an enlarged application of the
easing principle as applied to the pubic
domain In general; a comprehensive
easing law for coal, oil and other mineral
lands; and laws providing for th?
dassiflcatlon of public lands according
o their respective characteristics and
ippropriate uses and administration in
iccordr.nce therewith. Secretarv Fish?r
also declares in favor of legislation
'or the development of the transports
ion facilities and the coal lands of
Uaska. end for the withdrawal from
mtry of public lands in the West need'd
to conserve the water supply at the
sources of streams. As to a water
power policy, he says that it must
;e made certain that those who
eceive special privileges connected
vith water power development shall in
act proceed by appropriate degrees and
vithin nppronrlate ttmes to develop the
ivailnble water power to its highest calacitv.
having due regard tr? >*/?
illltles of marketing the product.
JEWS IN PALESTINE.
Relative to the settlement of Jews in
.erritory once occupied by their fore'athers
and given to them in the fulflll nent
of promise to the father of the
ace, "The Christian Herald" quotes
igures to the efTect that there are now
>ver 100.000 colonizing Jews In Palesine,
and according to a writer in the
'Oemanlscher lJoyd" they are rapidly
edeeming the countrv. Of these Kft.ftnn
>r 60,000 are In Jerusalem alone, and demite
the "red passport" with which
'orelprn Jews must provide themselves.
?nd which limits their stay In Palestine
n three months, their establishment of
?tores In the city and their purchase of
'arms fn the surrounding country scoe*
>n. 'In other words, these forelffn Jews
'urnish the capital and the executive
vblllty in making the native Jews of
Palestine self-supporting, and In many
;ases wealthy, while Insuring to themselves
the basis of comfortable forunes.
What this influx of Jewish capf?1
flTlfl Krfllna hoc moont *n
nay bo gathered from the fljmres presented
by the "Osmanlscher Ivloyd."
rhe colonists now own forty villages
ind about 40.000 hectares (100.000
teres) of land. 75 per cent, of which
?.re tinder cultivation, viz., 8.600 beeares
(21.000 acres) In Judea. (IB coloties);
fi.OOO (15,000 acres) In Samaria,
felsrht colonies*: 16.200 (40.000 acres'*
n Oalllee, (16 colonies); and 200 (500
icres) in the Trans-Jordan country,
fane colony). The most important of
:hese settlements, which were founded
between 1878 and 1902. are Petbachrikweh
(1.ROO colonist*). Rlshon 1e
Mon (1.000 colonists) In .Tudea, ZIMironTacob
(1,000 colonists) 1n Samaria, and
Rosh-Plnah (800 colonists) In Galilee.