OCR Text |
Show OPTION ON IRON MINES VERIFIED. I We notice in the Salt Lake pa- M pcrs of Wednesday that the option M of the Walker Bros, iron property M to an eastern syndicate is verified M and that the amount of money in- M vojycd is around $4,000,000. H This property is extremely val- M liable and contains all the best iron H ore claims in the iron district of H this county. The completion of the H sale of this property means that H the construction of a railroad will , H soon materialize and that active dc- H velopmcnts of the ore beds will be H carried on. H The syndicate, so we have read, H will mine and ship each day at H least 100 car loads of ore, which H will be taken to the shores of the H Utah lake to steel works for rcduc- H tion, the plant to be erected the H coming year. H We, in this section of the coun- H try, have heard much about the H sale of the ore holdings, the build- H ing of steel mills and the construe- H tion of a railroad, and all to be ac- H complished in ninety days or about H that. If our readers will stop a mo- H incut to consider the magnitude of H the undertaking they will readily H sec that it would be an utter Jm- H possibility to get these matters H completed in three years, to say H nothing of ninety days. H We believe the railroad is com- H ing, but let us give the promoters H time to get their plans all drawn, H their surveys made, the cross sec- H tiouing done and the right of ways H secured, before they begin to lay H the steel. H |