Show Tho Salt Lake Free Stone Company Another important business concern blossomed blos-somed into being yesterday under tho above name The life of the company is placed at fifty years and the objects to purchase acquire own hold improve sell and convey mining property both real and personal to prospect work and develop de-velop mining lands and establish stone quarries j to quarry cut dress and manufacture manu-facture stone for builumg and other purposes pur-poses to manufacture lime cement and other building material and in general to produce buy sell and deal in building material ma-terial of all descriptions Salt Lake is named a the general office of corporation and tho capital stock is placed at 300000 divided into shares of the par value of 510 each The stock is held a follows JVan Shares John Sharp jr uu u 4000 Bolivar Eoberts w 4900 W A Nelden 10003 James Sharp IOC EOns Morris 100 TYANelden trustee unuuu 20003 Total 0 u u 400030 The remainder of tho capital stock 10000 shares of the value of 100000 remain as the property of the corporation to be sold or otherwise disposed of by the board of directors for the working and development develop-ment of the quarry and stone lands owned by the company and the erection of buildings build-ings machInery tramwajsetc The company owns all those certain lands containing deposits of stone and other minerals described as the west half of the southwest quarter of section 12 township 1 north range 1 west Salt Lake meridian situated in Bountiful Mining district Davis county Translated into English this means that the company owns eighty acres of land immediately north of tho city limits and within about a quarter of a mile from the ccuuty road The slate on this land is said to bq of most excellent quality is easily quarried and the supply is inexhaustible I was also vaguely hinted yesterday that there were other deposits on the said eighty acres of far greater value than building stone Work will bo begun in a few days and it is certain that the Free Stone company com-pany will help to suoply the big demand for building stbne this season |