OCR Text |
Show Will DEVE10PJ0AL UIK CnrlMiii I'licl Comniiiy lliillillng .Vc Town At I In I iin. For the purpoHo of developing four liundrrd ucrea of coal laud, located In Hprlng Tanyon tho Curhon I'u el company com-pany haa lieen Incorporntrd with u cnpltullxatlon of $300,000. The properly prop-erly Ih now lielng developed with threo Nhlfts of miner nnd the company expects ex-pects to ho producing In the neighborhood neighbor-hood of fifteen hundred tuna of coal dally In the near future. Mine building build-ing nre being roiiNtructed nnd dwelling dwell-ing limine for the miner nre In courxo of erection at tho new town of Itnln. There are three hundred share In the oempany nnd tho stock tin been aubscrlhed for nnd fully paid up. I V. Italna la president. I It. Wntth. I vice president. V. J. Quenly, secretary, W. W. Armtrong. treasurer, nnd W. 7.. Harrison Is assistant secretury and treasurer. Messrs. Italns, Wuttls und Quenly form the the directorate. The property of tho new company Ih located two miles west of that of the fltandard Coal company's mines In Hprlng Canon nnd n railroad Is now-being now-being built from Htandard to Itnln. which I to be the whipping point. The company expect to have Its output out-put on tho market by November 16th. l-'or Jhn purpose of equipping the mine with the neceiwary mnohlnery. und nlso building the railroad, bonds to tho amount of $200,000 have been Issued und have been sold. According to tho management, the company has been financed to rurry on nil of the development work necessary nnd to construct ull of the buildings and equip the property. Practically nil of tho machinery haa boon prdered und Is being shipped to the property. A good grade of conl that occurs In a largo vein Is nt present pres-ent being developed. |