known earlier hot blast iron located pennsylvania united_states placed operation site older important feature economic life closed longer able compete modern steel producers construction began valentine thomas old firm decided sell properties consisted south cold blast iron lying mile south town holdings local iron ore mines plants served railroad subsidiary ore lands bought august organized erect new iron site torn mortgage immediately raised properties supply purchase money funds rebuilding leaders company included philadelphia banker plant built built supply ore necessary raise additional funds purchased worth bonds exchange exclusive rights rail traffic load ore delivered february went blast march company originally headed president vice president time foot meter stack hot blast capacity tons tonnes iron year ore supplied local deposits year failure bank precipitated closure sheriff november subsequently sold valentine iron company organized incorporated january president lawyer industrialist treasurer manager original family report prior charter records permanent board directors wayne reading valentine connected later president iron company affiliate active railroad promoter direction president december opened line mill hall crossing connecting mile east new line connected beech creek railroad controlled rival beginning year iron opened presumably result depressed iron market rival construction new railroad traffic rapidly diverted line prompting lawsuit enforce contract lower court initially held contract binding ruling overturned forced remove traffic pennsylvania setback compelled step president devoted management replaced valley superintendent year operated intermittently management early bought associated ore lands renamed plant sent vice president engineering survey local ore resources march empire decided use mixture local empire shut april closing indefinitely railroad bought sheriff sale december bank property appeared scene save backing philadelphia new_york investors formed bought returning blast june chief mining organizers included brother law associated prosperity return business idle months steel production open increasingly commonplace method better suited iron ore functioned best ore found increasingly difficult operate profit death february dealt blow company shared management operation continued receive ore taylor ore banks served road begun play ore delivered directly routed pennsylvania hauled delivered local ore scotia arrived pits originally delivered raised rates fall trying collect scotia ore traffic branch central responded delivering cars directly pennsylvania travel began receive lime pleasant gap miles partner general manager previous year resigned grounds health continued health result crisis idle half operated largely use inventory local ore went blast january closed december temporary facilities longer operate buyer willing operate found pig iron shipped railroad sale demolished site later legacy passing hands owners troubled year history fulfilled expectations developed replaced arguably built time went blast price ton iron driven historic low rise figure onset world war steel works pittsburgh fed ore produce iron principal advantage location proximity local ore deposits availability easily mined high grade ore hauled rail personal brilliance ability attract investment able cover decline extent death assembled seemingly empire iron extensive ore mines railroads lifetime seen end glory population steadily growing decline thirty years empire long survive little decade death demolished mines shut railroad scrapped remained grave sold wartime price scrap bring era twilight fully apparent time rising lime industry replace town prosperity fall marked beginning long decline supplanted activity
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