Birmingham Paper - Henderson Steel

There has been no enterprise undertaken in this and adjoining States which has attracted so much interest, or has been watched so closely as this, the first successful attempt to convert our ordinary high-phosphoric pig-iron into steel from native material. Our iron-masters have noticed intently every attempt to convert high-phosphorus pig-irons into steel by the Clapp-Grifith process in this country, and the basic process on the Continent, and studied the various patents aiming to accomplish the same purpose, and the various litigations arising among various patentees over their rival claitns; but up to August, 1887, nothing was done, and no move had been made to introduce any process for making steel. At the time above named, Mr. James Henderson, of New York, came to this place with a view of introducing his patent furnace and other metallurgical processes and appliances. After some delay and personal interviews between parties interested and the inventor, a party of gentlemen, all of moderate means, and entirely unacquainted with the manufacture of either steel or iron, decided to form themselves into a body corporate, known as the Henderson Steel and Manufacturing Company, with a capital stock of $20,000,