 In 1872, a second stack was built and began production in December; however, its use was discontinued after one year.By 1874, 52 kilns were running in the timbered land owned by the Bay Furnace Company, and Bay Furnace Stack Number One was producing fifteen tons of pig iron per day.By the fall of 1876, the Bay Furnace Company was bankrupt, having engaged in disputes with New York financier Samuel J. Tilden, who had financed the New York Iron Mine which provided ore to the mine.