Show TO SELL ASPHALT A Company with Two Million Dollars Capital i = GrganLe to Compete with the Barber Company Com-pany and and to Market the Utah Product her tho Country A powerful syndicate has been formed to mine Utah asphalt and to sell it in the markets ol tho wurld as a competitor of the Trinidad and Switzerland products The company proposes to go even farther than to sell the product in tho open market S it will engage in open competition with the Barber and other paving companies in taking tak-ing contracts for laying it on streets in the different cities of the country Heretofore the Barber company to retain a monopoly of the paving business and to keep out all opposition has found it to its advantage to brand the American product as worthless believing that the moment it came into general use it would Invite opposition and that companies similar to the one which is to tako hold of the Utah product would come Into existence to shave Its profits The Barber company during the last seven years has done a business segregating segre-gating 12000000 and its stock is now worth 500 per share The almost fabulous profits it has made out of the paving easiness have been to a great measure concealed There has existed Z5 ex-isted in this country a great prejucice against asphalt as a paving material on account of the numerous contractors who cither used an inferior quality of the bitu S non or attempted to Jay it without the S proper machinery and tools or employed inexperienced workmen Tho winter climate cli-mate In this country is so severe that to make a good and durable pavement the contractor must secure tho best asphalt the best machinery and the most skilled workmen These three things are absolutely abso-lutely essential and if any one of them is emitted the worir will prove a failure Since the Barber company came into or istonce it has made the construction of street pavement its business und has learned the secret of the art while many I other firms havo signally failed for not paving strict attention to the points men uonea James Parks in connection with a number num-ber of eastern capitalists secured a full section of land 610 acres in Whitmore cauun Emery county with a fine bed of asphalt enough as Mr Paris says to pave all the streets of the United States After purchasing this land Mr Parks made numerous practical tests of the F material iu the east and had several analysis made by the leading chemists of tho country He found that the best samples contained SO per cent bitumen and it was the toughest and most tenacious of all the asphalts yet discovered As soon as ho had satisfied himself that there was no question as to the superiority of the Utah material Mr Parks organized a company com-pany with a capital of 2000000 Among the stockholders are a number of very wealthy men and the president of the concern con-cern is W S Chamberlain who was defeated de-feated for Congress in the Eighth New Jersey district A great deal of asphalt is now used in the roofing business and it is but a week since M W Powell tho principal number of O W Powell Co the oldest roofers in the city of Chicago and which roofed more large buildings than any other concern in that city spent three days in the city for the purpose of arranging to receive his supply sup-ply of asphalt from Utah He has tested the same both on roofs and on the streets i nnd he is to well pleased with the results that he will hereafter use none other than the Utah product in his business Utah asphalt which has been boycotted at home until quite recently is rapidly I making its way Into tho markets ot the world and will soon become more famous end celobrated than those of Trinidad and eufcbatel D Vaughn has been looking up Utah mines for the last six months and witt Johnson of Minnesota purchased the Lost Dime and Birdie C at La Plata They are interested in the result of the big railroad suit involving the title of their La Plata mining property Mr Vaughn left last evening for Leadvihe where ho will remain until the suit is settled The Cottonwood Placers Placer gold has been discovered in Cottonwood Cot-tonwood cafion a few miles above Peterson in Morgan county by L W Tackett of Ogden and two other gentlemen experienced I experi-enced minors They have taken up three claims sixty acres and cm one of them bave gone in about thirty feet Nuggets ranging in size from that of a pin bead to that of a pea have been taken out in considerable con-siderable quantities and the discoverers feel confident that they have struck a bonanza bo-nanza The recent fall of snow and extremely ex-tremely severe weather has retarded operations opera-tions and unless the weather clears again Boon work on the claims will not be resumed re-sumed until spring opens Small cubes and globes of native horn silver have also been taken out The country in the immediate vicinity of the claims is composed of black sand and I gravel over bed rock |