Schwab After Ohio Plants

Article taken from the Cambridge Jeffersonian, June 15, 1905

Portsmouth , O., June 8 - It is stated that Charles M. Schwab and associates desire options on all the leading iron industries at Ironton and Ashland, Ky. Further negotiations depend upon the acceptance of a proposition from Schwab and his associates to make part payment in stock of a new corporation to control all the mills. The mills desired are the Belfont and the kelly wire and nail mills and their blast furnace at Ironton; the blast furnace at Ironton; the blast furnace, railroad and mining property of the Hanging Rock Iron company at Hanging Rock; the Ashland Steel company plant and the Norton wire and nail mills at Ashland, together with the rod mill of the steel company.