Important provisions of the Company's
charter were:
ARTICLE III
The capital stock of this Corporation shall be Five Million Dollars
($5,000,000) to be divided into Five Hundred Thousand Shares at Ten
Dollars each, fully paid, and non-assessable.
ARTICLE VI
The private property of stockholders shall be exempt from any and all
debts of this Corporation.
Two thousand of the four thousand acres purchased were set apart for
manufacturing purposes. Most of the land sloped gradually, and the
surface-water naturally drained into the river. George Ingram's plans for
an enormous steel-plant had been most carefully worked out in detail.
Night and day the construction went forward. In eight months the plant
was in full operation. He had obtained the latest important labor-saving
devices and improved facilities in use throughout America and Europe. The
whole was supplemented by the inventions already perfected by his father
and himself.
The Harris-Ingram Steel Co. was provided with every modern device that
could in any manner contribute economy and rapidity from the time the
ores left the ship, till the finished product was loaded for market. All
ores and limestone were delivered on a tableland of the same height, and
adjacent to a series of several enormous blast-furnaces.
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