It has been said that Detroit is a great shipbuilding city by accident, and there is a good deal of truth in the assertion. Six years ago the American Shipbuilding Company, the greatest trust of its kind in the world, held undisputed sway over the Lakes. It knew no competition. No combination of capital had dared to grapple with it. With eleven huge construction yards strung along the Lakes between Buffalo, Duluth, and Chicago, it held a monopoly of the shipbuilding industry. It was at this time that one of the country’s great industrial generals sprang up in Detroit. Then he was practically unknown; now as a leader and master of men, he is known in every city of this country where iron and steel are used. His name is Antonio C. Pessano. Detroit must always be proud of this man. He must count in the history of her future greatness, and always her citizens should be thankful that he and his indomitable courage did not first appear in Buffalo, Cleveland, or some other Lake city. Mr. Pessano’s ambition was to build at Detroit the most modern shipbuilding plant in the world. Some people laughed at him. Others pitied him. The trust twiddled its fingers, so to speak, and smiled. In the face of it all Mr. Pessano won the confidence of such Gibraltars of industrial finance as George H. Russel, Colonel Frank J. Hecker, Joseph Boyer, William G. Mather, Henry B. Ledyard, and others--won it to the extent of raising one million five hundred thousand dollars, with which he built the greatest shipbuilding yards on the Lakes and which have developed since then into the greatest in America, employing more than three thousand men. Mr. Pessano’s shipbuilding rival is the president of the trust. His name is Wallace, “son of Bob Wallace, the elder,” Lake men will tell you, for Robert Wallace, the father, was a shipbuilder himself for a great many years. He is very proud of his boy. “I had three boys,” said he. “Two of ’em went to college, but Jim _he_ wanted an education, so he didn’t take much stock in books, but got out among men. That was what made Jim!” [Illustration: The “Thomas F. Cole,” 11,200 Tons, Being Fitted with Engines and Boilers after her Launching. The “Cole” is the largest ship on the Lakes. Length, 605 feet 5 inches.]