| Show BUY CONTROL OF Oil CiL SHALE BEDS t The Tue Syndicate Will wm Operate at a Ephraim yo yoTo TD To TUNNEL TU AND SINK MEANS MELZIE sT JUG IX Ill SATE 4 Ephraim Dec De 4 One lie e of the most moat Important deals deaI in the thi history of this a section WAS WM dosed doled here yesterday wherein Dr P A H U Franklin and John E Dubois Dubols secured a controlling interest in la the great paraffin oil shale hale beds Led of the Bald Mountain Oil on com COin company pany just east of ot this th city I Both of ot the gentlemen have been over the ground und and aDd have witnessed ed the ex experiment e eF F conducted by the local own owners owners ers era of or extracting the th oil and aid gas gall from front the shale and they were so impressed 4 with the possibilities of the property that they Accepted the proposition and will hereafter direct the work of de tie development development The local Jo owners of this property have acted very wisely ely 1 in handling it thus tar far of ot trying to float the stock they hay have put in the time since early spring in making experiments menta ments to extract the oil front from the EC Sc that when wen w en the proper time came mo thy they th y could make ink a practical demon ot of the value of the property The wisdom of their course courM is demon demonstrate strate stra Od by the fact that they thee were able to interest Or r Franklin and Mr Du flu Dubois Dubols bols bois in the proposition There is l no question but that these vast va t deposits depo of ot paraffin shale are the best bet oil proposition in this thia state The crude cruM oil is 18 superior to any an yet dis discovered discovered covered and it has haa already bees been dem deIn demonstrated on that it can be extracted At a 8 acost cost that will leave a big bl margin ma of profit After the deal was completed the board of directors was reorganized reorganised Dr Franklin and Mr 1 Dubow Dubols being elect elected elected elected ed in place plaNt of other directors who re resigned te signed for this purpose There is great rejoicing ng in this city because these thea gentlemen have taken hold cf this enterprise Tt ft is well known that they do not touch to h a proposition except it be a particularly promising one and once started they will Wilt work it to its fullest capacity This proposition proposition proposition will be no exception A vigorous campaign C of development will be begun at once Already a tunnel about feet f long baa IMS been contracted for tor that will viii tap the shale deposits at a 8 depth of several hundred feet Work York on this tunnel will begin tb s week As A soon soona as a it can be secured a system of re retorts retorts retorts torts for extracting ol from the shae sha will be put in and also a drilling dr plant that will sink a wel we to a n depth of 2500 or more feet teet if n l y This Is 18 the beginning of an industry that means meana a great t deal for tor one that promises pro in the near future to tomake tomake tomake make it the t leading city in central Utah |
