Show A possible now new industry the american asphalt company oi of colorado has hab stated d to parties in ill kow ow york that it has III in view view tho the establishment at or near arico utah of a plant for the manufacture of imitation hard rubber goods for the el to be found on the uintah reservation er or in case it is able to treat this substance successfully and in 0 connection o herewith to establish varnish and paint works their ability to do this depends of course on being able to secure a lease from tho the indians in order to mine tho the that is on oil the reservation and in order to do this it would bo be necessary to get the kon consents on sent of Oon congress gress which they do not despair of doing no deposits of ola of any importance has been demonstrated to exist off from the indian reservation and it is still considerable sid wd erable of a question whether it is possible to treat elated ela tente ite in tiny any way to make mahe it of economic value the A merican american I 1 asphalt company although in utah is incorporated i I 1 proposes to mine in colorado having a capital of a million dollars and it is not clear in what way this vast amount of ca capital capitalist is to be employed and made remunerative the extent to chic which 10 I 1 ka maybe may be used in the arts are manufactures is an uli unknown known quantity the most familiar with nt fc present t 1 his substance havo have a feeling that it 1 as if it ought to be good for something but what and how is not so v alear I 1 ear as it resists every so sol vent known to ho far as the general public is aware from time to time wo we hear that somebody gome body has discovered a cheap and absolutely effective solvent but the proof f of its discovery does not come J to the surface and it is our belief that it i t has not yet been found it would lo be 10 a pretty nice thing to contemplate that large varnish and paint works bo established in utah but we do not feel that the present outlook just justifies justified ifie s ejecting U them to open up for the present at any rate salt lake laho journal of commerce |