On the basis of these facts, three summers ago a few lawyers in Louisville bought 300 acres of land near the riotous old town of Pineville, and in the same summer was organized the Pine Mountain Iron and Coal Company, which now, however, owns about twenty thousand acres, with a capital stock of $2,000,000. It should be noted that Southern men and native capital began this enterprise, and that although other stockholders are from Chicago and New England, most of the capital remains in the State. Development has been rapidly carried forward, and over five hundred thousand dollars' worth of lots have been sold the present year. It is pleasant to dwell upon the future that is promised for this place; pleasant to hear that over six hundred acres in this pleasant valley are to be platted; that there are to be iron-furnaces and electric lights, concrete sidewalks and a street railway, more bridges, brick-yards, and a high-school; and that the seventy-five coke ovens now in blast are to be increased to a thousand. Let it be put down to the credit of this vigorous little mountain town that it is the first place in that region to put Kentucky coke upon the market, and create a wide demand for it in remote quarters--Cincinnati alone offering to take the daily output of 500 ovens. Thus the industrial and human problems are beginning to solve themselves side by side in the backwoods of Kentucky. You begin with coke and end with Christianity. It is the boast of Pineville that as soon as it begins to make its own iron it can build its houses without calling on the outside world for an ounce of material. III Middlesborough! For a good many years in England and throughout the world the name has stood associated with wealth and commercial greatness--the idea of a powerful city near the mouth of the Tees, in the North Riding of Yorkshire, which has become the principal seat of the English iron trade. It is therefore curious to remember that near the beginning of the century there stood on the site of this powerful city four farm-houses and a ruined shrine of St. Hilda; that it took thirty years to bring the population up to the number of one hundred and fifty-four souls; that the discovery of ironstone, as it seems to be called on that side, gave it a boom, as it is called on this; so that ten years ago it had some sixty thousand people, its hundred and thirty blast-furnaces, besides other industries, and an annual output in pig-iron of nearly two million tons. But there is now an English Middlesborough in America, which is already giving to the name another significance in the stock market of London and among the financial journals of the realm; and if the idea of its founders is ever realized, if its present rate of development goes on, it will in time represent as much wealth in gold and iron as the older city.