Etna Iron Works
“Etna” was a popular name for ironworking establishments in the 19th century. The Etna Iron Works in New York should not be confused with two similarly named prominent businesses of the period, the Etna Iron Works of Ohio or the Etna Iron Works of Pennsylvania. The name “Etna” (and its alternative spellings “Aetna” and “Ætna”) derives from the nymph Aetna in Greek mythology, after whom the volcano Mount Etna in modern-day Sicily is said to be named. (Wikipedia)
OFFICE OF THE ETNA IRON WORKS,
IRONTON, O., MARCH 27, 1878
We the Directors of the Etna Iron Works, beg to submit the following terms and conditions as a basis for a compromise and settlement with all of our unsecured creditors; reserving, however, the right to prefer and pay in full all that may found due our employees to this date:
To pay forty cents on a dollar, payable in two, three, four, five and six years from this date, with interest at the rate of six per cent per annum after one year; secured by a Second Mortgage upon all the Real Estate owned by the Etna Iron Works in Lawrence County, State of Ohio, amounting to some sixteen thousand five hundred acres, with all improvements thereon. Such Mortgage to be made to a Trustee, who shall be selected by a majority of Creditors in interest, and for a sufficient amount to cover all of said compromised claims and interest to date of maturity. A majority of the indebtedness represented at a meeting of Creditors held March 27, 1878, expressed a willingness to accept the above proposition.
You will be waited upon in a few days by a representative of the Company.
GEO. K. HOSFORD, SEC’Y.
Ironton Register, April 21, 1887
The Etna Iron Works Co. owns 16,000 acres of land around Etna and Vesuvius furnaces, and a short time ago, an expert geologist was sent out to determine how much of the tract was ore land. He made an estimate showing there were six or seven thousand acres. The ore will average at least 12 inches thick, and at that thickness a square yard produces a ton. The Etna company mines about 30,000 tons a year. Following the calculation based on these estimates they only use a little more than 5 acres per annum, and have enough ore to last, at the present rate of consumption, over a thousand years.
Ironton Register, September 18, 1890 – The Etna Iron Works property will soon be offered at public sale. This will be done on an agreement between the bondholders and creditors, and, of course, the property will be bought in. But it is hardly probable that the works will start up for some time.
Big Etna was acquired by Henry Marting (Marting Iron & Steel) on September 1, 1912