Show OLD CAPITOL IS ij TO ISSUE BONDS I FOR RAILROAD I I j Director Says Road Will rill Be Buill Built Through Great Iron District One of oC the thc officials of the company made this thi statement the past wc week k relative to the initial movements necessary necessary necessary essary to start the development of oC soma some of or the greatest untouched re reSources resourCes resources re- re sources O of or Utah the mineral mineraI and agricultural agricultural ag a- ag- ag features tures of oC Iron lion county count lie He said I The old Capitol Petroleum Fuel to Iron compan company Is about to issue bonds bonde for Cor the building of oC a railroad from Lund on the Salt I. I Lake ake Route Houte to C Cedar ar CIt City The line crosses the thc Escalante desert a practically level le roadbed the highest grade grae being a little le less R than 1 per cent grade grac and the line will be with switches included about thirtyfour thirtyfour thirty thirty- four tour miles long Cedar Cear City Is ls to be bo one ot the tho terminal tor- tor minal stations on a standard gauge au e railroad The road rond will bo be built from Lund Lun to Cedar CIt City Recent developments develop develop- ments in with the project justify this positive statement The proposed railroad has been tho the subject of m much ch discussion during tho past Iatt ten years but nothing tan tangible bible ha had been done until a few months ago After ACter a careful Investigation of ot all tho the conditions A. A president of oC the theOld theOld theOld Old Capitol and his associates realizIng realizing ing the commercial possibilities of ot southern Utah became Interested In inthe tho the proposition and decided to bulla bullo the road The management of oC this company Is An fn n the hands of ot energetic and we well known business men which 0 Is a guarantee c that thero there will be no no I unnecessary dela delay In the construction work ork Substantial progress has already been made The survey for tor ti li t entire distance from Lund Iund to Cedar City ha has i been made marle and the right of oC way s I cure cured The bonds of oC the company compan ha have been een placed and the contract for con- con I has been let to the j Construction company compan of ot Philadelphia i one of oC the most reliable companies d In Inthe inthe the east Active work worle will be under underway underway Wa way within the next sixty days ars II The diversified tonnage available for tor this road road Including iron ore coal I live stock and farm products will In Insure Insure insure In- In I sure an immense traffic Gold silver sliver and copper have been found In Iron I county but further development work I will be lie required In order to determine Ito i ito to what extent these precious metals cx exist I S t. t I The Ol Old Capitol owns large tracts of iron and coal land lying along the theline theline theline line of oC the proposed road To give an estimate of oC the iron arid and coal in tons and values d run Into such enormous enor figures that it would read like JIe the tho war debt of or the allied aWed nations e E The people of oC Utah do o not fully realize what a railroad to Cedar Cear City I means It means the opening up of oC one of ot the thc largest deposits of ot undeveloped iron ore in the world the possibility possibility of oC great blast furnaces at our doors the development of ot one of oC the largest coal fields In Utah tIle the transportation transportation trans trans- of or millions of oC feet teet of or lumber from the great Parowan forests near Cedar City a tourist route to the Little Little Lit Lit- tle the Zion can canyon on and other scenic points In southern Utah renewed activity It In stock r raising In a large section of the tho state tate the furth further r development of OC millions mil mu- lions of acres of agricultural land theDo the tho Do possible opening opening- of oC a great oil field in Iron county count and It means In general that the tho varied natural resources o of oC southern Utah will now be developed and that the products of that vast territory ter ter- i wI will become an Important factor In the i Ir commerce of the state |