The Seattle Star Newspaper, August 12, 1903, Page 5

a Ss a Se Bere ay ; : : | Materials Markets Money Management Men-— Equal Sucess In the lron-and Steel Business ~ hined to meet the demand of the Pacific Coast for and St . tured upon the Pactfic Coast from F Coast raw materiale, by akilled on i by Pe east capital unde anagement and direction of Pacific Const It ie the purpose of this Company to establish A Great Pacific Coast Project for Pacific Coast People And as raplily a* possible to build up a niness at Se Tron and Steel manufacturing } atte that will supply the needs of the cons of this Coast; er the eat Hehment of a multitude of kindred industries wi iron and steel, and kee DF our own stock and the business men, working men, mine owners and tranaportat farmers and frult growers of thia Coaat the $26,000,000 we are now annually sending to the Atlantic Coast and foreign countries for our supplica of Iron and Steel, It ts the purpose of this Company to estattish upon broad, safe and conservative *, the Foundation Industry upon which our people can with safety build a multitude of general manufacturing enterpriees, AND GIVE TO SEATTLE A FULL DINNEI PAIL BRIGADE that will Insure her continued raptd growth and permanent prosperity To Permanently Prosper We Must Become a Manufacturing People And we cannot prosper aa we should on the Pacific Coast, as a manufacturing people wntil we produce our own Iron and Steel, and their vartows finished products FOR THE MAKING OF IRON AND STREL I8 THE FOUNDATION INDUSTRY upon which reste & majority of allthe great manufacturing and transportation enterprises of (he present Big Payrolls Invariably Follow the Iron and Stee! Busine ss And it is upon large payrolls that a city must rest for security. ‘The Seattle Iron and Steel Company Weetern Tron ant Steel Company way, complete and to | has acquired all of the propertics of | it possible te transport these ores ve the Fur 4 back into blast, | been succensfully operated the past the Pachic Steal Company at Irondale, | very cheaply from the mines dircct within @ days, making 0 tons of Pig | six years at Lakeview, Washington, Washington, ite complete blest fur- | to the furnaces. THE SEATTLE IRON & STEEL COMPANY Irom per day. There is an enormous | and which has @ large profitable mace and char i placte, wharves, The pony has options on der 4 for this hegrade = tron, busines. bunkers. saw mill, laboratory, @well- | groupe of tron properties at Anders: Which ie incor tak abberthe ' , . which oan be marketed at « minimum ‘This mill consists of @ complete 1¢- orporated wnder the laws of the State af Washington, with an sutty A bond terue of $2,000, | + fe ; ‘ tng and boarding houres a serre of | Lobe ar Barclay Bonds at Venus | 000 and an authorised capttal aiock of $6,000,000, in Gmrposed of many Of the most prominent and suc ful PrOAt of 02 par ton hus giving thie | Inch mill, three atands of three-high land — ae well = Ngee aghe ne ag by 4 so Nye be hag re — a business men of Seattle, ite bus'oe as is under the Girection of the following well-known mer mpany & profit daily of $00 on the | r . and © complete ’ tngh motll, five riments made at the Ir and cose to large bodies of | | 4s of three-high rolls, shears, tm the use of the ores and | hematite, magnetite, imonite and car OF FICERS—Homer H. Swaney, Pres: James B. Moore, Vice Pres; M. J. Carrigan, Geoy.; James D, | m hammer, two heating furnaces, the Pacific Coast; all expert | donate tron ores tn Washington, Ore Hoge, Jr. Treas: William Piggott, Geners! Manager, | h, shot saw. on, large as feporis upon the iron ore mines and | gon, California and Alaska: and it } EXECUTIVE COMMITTEE—James A. Moore, Chairman; Maurice MoMicken, William Pigott, Homer | sortment of rolls for merchant iron the cokes of thts Coast: all of the in- | favorable arrangements made for eup- H, Swaney, J. M. Prink, B. M. Wilson, J. W, Clive, and light rails, scales, complete ma- valuable tnformats 2 obtained ty Tee of coke S limentone i an large AMONG THE TRUSTEES ARE THE FOLLOWING: ie ine ond ackamith shop, tools ond company tn tte exhaust ities as may be required. ppliances, sto, © me oso n 4. in using the Tt has under contro! al! of the neoes- JACOB FURTH, , WILLIAM PIGOTT, A. + BLETHEN, with th pin : carried out, the native raw materials of the Pacifico | sary rew materials to enabie It te . President Puget Sound National President Railway & Steel Sup- President Times Investinent company timated daily earning ce- Coast fe the marufacture of high- | cessfully engage In the Irom end stest Bank Py ag Owner nd Editor Daily pacity will be as follows rede pin tron. les alt of the In- | dusiness at Seattle on & comprehen- | President Reattle Eteotrio Com- | © ,b, DENNY, ahetnd Times Por ¢ay foomation obtained by that company | sive scale, and on an unite basis pany (owning all the electrio | ysqrma'at* bang taine Co HOMER H, BWANEY, 1 | Ironfale Furnace, & tons Char- in its proepecthxg, developing and ex- | IT If TAKING NO CHANCES. It lines of Sea and Tacoma, eaiéans oar "ors mat Bank, | Pemident The Pactfic Btecl Co A jobads 3 eseh Pip_inen oer: dari, OD perimenting wit® from ores, extending rt ye to yeltine thee row aaa poor} and the Interurban Line) | ‘Bonttic National Bank, | & Pp. OOUGLASS, This ie the Seat ne per ton + 0.00 over © period of four years | @ mancfacture of irom and sted Ww. CLS SHERWOOD GILLESPY, Vice President McKeesport Tite he madese oy con buy, | Modern Steel Plant and Mer- ‘This company hae pereheces the be etuata, fee Ay we fe on enor | Pr Ht Clise Invest i ye Mutual ‘Life In~ & Trust Co, MoKeesport, P 4 a te now at chant Mills, @ t merchant Bastin. Tren, Mine. 00 Pereuty, wen | marker on tip Peaee, Fresigunt ‘Giede a curaate Oe, of Mow York 4G. SMITH: al Bisel pot Gay, BLO net per i agnificent pre | market ¢ ’ tae ( pened eeaport Tin Pia etalled at Wee . w In enormous tonnage of high-grade | POSES TO MAKE PACIFIC COAST ‘ares, Seat ey eee | et eee Fae Rae New Blast Furnace—Coke pig irom ore already developed 1 ee eee sae Soaee | C.D, STIMSON, & Printing Ca | RJ, STONY, Jr, pared for its r trom, 29 tons per Gay, $10.00 It has @ lease on the Texada Iron | BATEMANS NT soe ae Milt Co a KERRY, Manker and Broker, Pittsburg, | “In addition to this 12-tnch Merchant net per ton 2,000.00 LU om se o ; 4 - Ae gf s on o . Di com: will aiso ote mf —_ 0 Texada Island. © . BUSINESS WITH PACIFIC COAST : | ident Kerry Mill Ca, | IML the company ow tae ak x ame 2.401 acres, which Ie a w ptyooe won Mill Co 4M. FRINK, WILLIAM PRICE inch Merchant Mill at the same : property, containing @ pract tne 4 le | eS A. MOORE President Washington fron Superintendent Trondale Fur- | place Th earnings will be increased exbaustibie supply of high-« on } aident Moore Investment (Co. Works nave. The company expects to have) ite | $101 + day by the purchase of the pr } The Pians of the Seattle Iron AT MORAN, A. HEMRICH, M. J. CARRIGAN, Open-hearth Stee Lakeview Mill. it hae op 2 Stee! nt Moran Broa. Co. Prevident Beattie Drewing @| Boor and ‘Treasurer The | Bille at Weet & Company's Furnaces, Open- vais bw sabi d vais Seer ate SSS SED wr » MS Sage wawer os +2 Dose Bock Sent es lies BOS and Copper where company with toni vie ems 6 itwe omic AK GP enCER, siece. 4 : : Wand toate larae bodies of high-grade ores in | model ana ree ite We Bank. Seattle National Rank of Com- TENDENCR OF MEN OF THE stant. | at fronds: ereasing ite capacity 7 ent P-L" Ca mer Beaftle ' Works, - p and in | WIGHEST TECHNICAL BKILL, so The ore bedies im all of the adore | % tons of Charcos! Pig Iron per ruve, Hughes & MoM loken, pe , within twenty months from | that the beat possible results will be named mines are very large. and the | The cightesn carieads of materisis | STOCK REGISTRAR—W . ttle, Washington, the present time, making $2,900 per | obtained In all operating departments, ore can be quarried at @ minimum with which te node! th 4 Furnace | TRUSTEE OF MORTGAGE—The Knickerbocker Trust Company, New York City. Gar mae t Ne ae be rt session tx oe Pn mining obst, and all Of these proper- | are now on the «rounds We expect | This company ta negotiating for the | xpared In this direction to obtal then are close to Ude-water, making | to have the repatre and enlargements, | purchase of the Rolling Mill of the | highest degree of efficiency possible, The Seattle Iron and Steel Company WILL ENTER UPON ITS MANUFACTURING CAREER UN THE MOST FAV ORABL NDITIONS, IT WILL NOT UNDERTAKE A PROBLEMATICAL OR SPECULATIVE ENTERPRISH BUT A SOLID, SUBSTANTIAL BUSINESS, EVERY FEATURE OF WHICH HAS BREN THOROUGHLY DMMONS@TRATED. ALL OF THE DEVELOPMENT AND EXPERIMENTAL WORK NECESSARY TO BNARLE It TO ENGAGE IN THE SUCCESSFUL MANUFACTURE OF IRON AND STEEL HAS BEEN DONE, AND WELL. DON It ie the design of the Seattle Iron & Steel company to make Heattle the Iron Making Center of the Pacific Coast. The important plant that it will establiah at West Seattle WILL RAPIDLY GROW AND EXPAND--for the markets are here te w and insure a phenomenal tndustrial ansion—and the plana of Company plate the manufacture of not only PIG IRON, STEEL INGOTS, BAR TRON. A> Cs CHANNELS, BEAMS, SHAPES, FORMS, SHENTH AND PLATES—BUT STEEL h there je @ Very larwe de RAILS, BAR STEEL. and other fintshed products for wh mand th the exetusive market that this Company will enjoy in the States of Washing ton, Oregon, California and portions of Idaho, Montana, Nevada; in British Columb Alaska and Hewaill, to sav nothing whatever of the Oriental trade, which wi! ee-~ large proportions conditions SEATTLE STAR, Andrew Carnegie EDINBURGH, SCOTLAND, Octe materials are found under r 22, 1902, “The seat of manufacturing is now and will continue to be, more and more simply a question of where the requisite raw Capital and skilled labor have lost the power they once had to attract raw materials; these now attract labor and capital.” suitable Many Big Manufacturing Plants and Thousands of Well Paid Workmen Are now in the cities of the Bast and # th in the ifacture of the 700,000 TON ft % and steel now cor ped wolfe coast, More Than $25,000,000 Annually Leave the Pacific Coast t is Neediessly Depleted of This V. of Money Annually The Pacific Coa st Sum tt wid be kept here and used in bullding up a mammoth Tron and Steel manw turing bustuess; In developing the multitude of diversified Induatries that will spring mainta « that w paid Full Dinner- Pall brigade, without which no efty, of state, or Why ret p thie awful skage of more than & 00,000 a year? Why not employ these thousands of workmen upon the Pacific Coast Instead ef upon Why Not Manufacture Our Iron and Stee! In our ¢ races, steel plants and rolling mille, instead of tm plants from 2000 te 6,000 ir ant? The Personnai of the Board of Trustees ie yarantes te eur etockh istered with the closest pnd most to jhelr ipvesiment and masaes a dividende to the etockhe The high ete nding of tne hand fore thet the bustnens affairs of the Company will be admin: areful attention. to the end that every dollar entrosted ot may be made 10 yield the highest porsibie feiurns the this institution guarantees pesinees > b ; ha® ere geotlemen the succemeful estat me; second Beatties wut Investor may b the latter thy tal ero vend the © samme apir that hae ittes of rane on their are very iaree holder Ader factured make these profits tly Jook forward to laree re The profits in the business tor tts stook- pany may ¢ wherever man thie Company to Plain Statement to PacificC It has been the custom heretofore, largely, to look to the people of the East for thy money necessary to establish Pacific Coast erprises The result of this policy has been and is, that the profits of many profitable Pa cific Coast enterprises are now going ‘© the kets of the Eastern in ve who had the courage and foresight to put their money into the d The Seattic Iron and Steel Company is going to reverse this order of meerned. things, in so far as the complete financing of its enterprise is It is going to invite the peole of Seattle, and of the entire Pacific Coast, to be come investors in the securities of this Company, to the end that the money necessary to establish this great and profitable business on this Coast may be furnished by Pacific Coast people, and that the large profits that the bus iness will yield may go into the pockets of Pacific Coast investors, and re- main on this Coast, to further aid in the development of the business and industries of this Coast We are no longer dependent upon the Eas our business projects. The people of the Paci owning large accumulations of surplus money t for money to carry forward Coast are splendidly pros There are $30,000, perc y ooo in the banks of Seattle alone; and a similar healthful financial condition exists in every city and town on this Coast This Company x ves that in the people nd of this Coast to become investors in its securities, it is giving them an oppor- tur beco) 4 with the safest, the most permanent and profit ss enterprise ¢ planned for the Pacific Coast. More great for t beeh made out of the iromand steel business than out of any other r sring business in the world—and nowhere in the world today are t so great for making-fertunes out of this business as in this {and ever-growit Fai en the Pacific Coast. These for tunes ade by the people of the, Pacific Coast. AND THEY WILL BE MADE The Seattle Iron & Steel Compatiy will secure the money it requires to carry out its plans, in addition to that ady paid in, by the sale of its First Mortgag: Year 6 pe ent. Gold Bonds. These bonds will be issued in two deffyminations--one of the $100 and the other of $500, so that the man ofnod@rate mieane, as well as the capital ist, may have an articipatilag in this “investment-—an oppor tunity that a forgnvestment should fail to profit b centum of its stock as a bonus with gverytbond purchased, That is, $100 of very $100 borids $500 of stock will ac pany We Have Them All on the Pacific Coa IRON ORES, COKES, CHARCOAL LIMESTONE | \ And These Utilized In the | Making of | lron and Steel Create Big Pay Rolls And Insure Big Profits CAPITAL, MARKETS OPPORTUNITY BUSINESS CAPACITY These fortunes can be mate for the peot f the Pacifio Coast wh eat thete money in the Iron and facturing bus the ? 4 Bout t few should be doing ourselves; and that we can 1 fit--for there is no legitimate burtr in the t er profits today t Iron and Steel busine W cD THIS MONGY, THEA WORKMEN, CRRNS and the fortunes they yleld on the Pacific ( apply @ 04 na sense to the solution business problem. The Pacific Coast’s Greatest Need Today Is the Establishment of Plants for the Manutacture of Iron and Steel From the raw materials that exist in such abundance and of the finest qualitt in venient proximity to Beattie, We have at t every physical requisite adjacent to Puget found for the ‘ of el on the most economical and profitable basta, lron and Steel Can be Made as Cheaply at Seattle as at Pittsburg And tar ep fitably, for th ot mand a higher price pom the Pacific Coast 4 the rhets ar 4b eight tariff of fro to $18 per tom mk and Steel from Eastern to Coast potr This protective freight charge, which ts @ tariff that t be legislated out of existed, ts @ permanent safeguard @ Pacific Coast manufacturers of Iron and Bteel against competition from Eastern manufactur ors, and insures the Pacific Coast manufacturers an extra margin of profit. ow under which is now in operation an@ has Advantages of This Company wnpany the following advan- The Puget Sound region, consequently, secures to this tages *Virat—An wnocoupied field with lerge and rapidiy growing home market Second—iron ores of bigh gradeé at lose cost than be obtained by Eastern manufac~ turers. Limestone at less ‘Third—#ultable coal, coke, ¢ at about the eame prices. Fourth— Labor at practically the rates Fifth—A ready market for 700,000 tons of pig iron and finished products. Bixth—A rapidiy increasing home market, and also with the countries bordering up- on the Pacific, south and west Reventh—T finest climate In the United States tn which to reside. Eigbth—- Connection by rail with ali parts of the United States and Canada, by three competing raiires ds. NinthA margin of extra profit ctically impossible for foreign or East- ern concerns to overcome, and age h they cann pete. Tenth—No other point on the Pacift nm enter inte active competition, because no oth and limestone In combination and cheap water trans- portation ast Investors d Bonds, bearing point has the tron, coal of their face value. They are First Mortgage 20-Year G« 6 per cent, interest, payable semi-annually Within go days the Seattle Iron & Steel Company will have a net in- come from the operation of its furnace at Irondale more than sufficient to meet all the interest that will annually accrue on all of the bonds it will have outstanding Within dight months it will have a net income of $950 per day from its furnace at Irondale, and its Open-Hearth Steel Plant and Rolling Mills; and im 20 months it will have an income of $3000 per day from the above plants and its new 200-ton Blast Furnace St it will be seen that the Company will not only be able to meet its in- terest obligations promptly, but will have surplus earnings sufficient to not only pay a handsome dividend upon its stock, but to enable it to expand its business, to the betterment of every one interested therein We offer our bonds to Pacific Coast investors 6 per ce investment. But while this bond, which will cost the investor 95 per centum of its face value, is a good investment in itself, the stock which goes with each bond as a bonus will, we firmly believe, in the course of a few years, pay the holders thereof anywhere from 20 to §0 per cent. per annum, This stock, for which the investor pays nothing, wall ultimately be much more valuable at is based. as a safe, sound, first-class yan the t upon which his investm THE BONDS OF THE SEATTLE IRON AND STEEL COMPANY ARE NOW ON SALE SUBSCRIPTIONS BONDS WILL BE RE BY THE Applications by mail for Bonds, Puget Sound Nationa! Bank. ret Nationa! mk. Washington National Bank. ved FOR THESE | Seattle Iron and Steel Co., National Bank of Commerce. Dexter Horton Com Scandinavian-American Bank. Beattle National Bank Washington Trust Company London & San Francisco Bank. any. Canadian Bank of Commerce Write or Call at the Company's Office for a Complete Prospectus American Savings Bank & Trust Co. ; International Bank & Trust Co. of America. | by the Seattle Iron & Stee! Company, at its offices, 634-635 Lumber Exchange. 4. 0. Shuey & Co. } James 0. Hoge, Jr, Treasurer S attle tron & Stee! Co hould be made to James D. Hoge, Jr., treasurer, President First National Bank, or to any of the above-named banks, or to the Seattle Iron & Steel Company, Lumber Exchange, Seattle, Wash, 634-635 Lumber Exchange, Seattle eee ee—e—e—e—e—e———e—eeeeeeeeeeeeeeeeeee EE am COP PPP OP APLAR PP PAPEL PEPE.