. Book of the Royal blue . MODERN PITTSI. iIODEKN PITTSBDKG-AMERICAN IRON AND STEEL WORKS-JONES i LAUGHLIN STEEL COMPANY THE RISE OF AN INDUSTRIAL EMPIRE. 13 The excess of imports over exportscaused some of the cautious citizens to warnthe people to import less and manufacturemore. New Orleans continued to be theprincipal market for the products of WesternPennsylvania, and the opinion prevailedthat the southern metropolis was destinedto be the greatest city in the world. Itwas before the day of canals and railways,and when the chief dependence of com-merce was upon the waterways. Pitts-burgs o
. Book of the Royal blue . MODERN PITTSI. iIODEKN PITTSBDKG-AMERICAN IRON AND STEEL WORKS-JONES i LAUGHLIN STEEL COMPANY THE RISE OF AN INDUSTRIAL EMPIRE. 13 The excess of imports over exportscaused some of the cautious citizens to warnthe people to import less and manufacturemore. New Orleans continued to be theprincipal market for the products of WesternPennsylvania, and the opinion prevailedthat the southern metropolis was destinedto be the greatest city in the world. Itwas before the day of canals and railways,and when the chief dependence of com-merce was upon the waterways. Pitts-burgs only access to the great markets ofthe world was by water via New Orleans,and its importance was therefore apparentto every discerning business man. The year 1803 found the city sufficientlyadvanced in a commercial sense to requirethe aid of a bank. Scarcity of money hadpreviously prevented the establishment ofsuch an institution, and exchanges wereeffected by local merchants, aided by twoor three brokers. Early in the year thedirectors o
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