Excerpt from Applied Science, Incorporated With Transactions of the University of Toronto Engineering Society, Vol. 24: December 1911; New Series, Vol. V While these facts have led to very optimistic Views on the possibilities of developing a large Canadian iron industry by tl'le of electro - thermic processes, other considerations have also led investors to be rather conservative of embarking on ventures in this direction. The most prominent fact about the iron and steel industry oi the United States is its. Magnitude. The necessity for economy in even the smallest detail has led to colossal aggregations, in which every process has been devised by the most expert minds and carried out with the most improved machinery. To develop an industry in Canada which Shall compete, for even the Canadian market, with the output of such plants, must require not only a heavy initial expenditure in prospecting, securing and developing mines, timber lands, limestone quarries, railways, shipping docks, etc., necessary to secure aconstant supply of the raw material, but also an extremely heavy outlay in the establishment of the plant itself, an outlay which is much heavier in proportion to output than is required for the produc tion of any other article of commerce. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.