| Show COAL CREEK COAL AND COKE CO record cedar city utah that the california capitalists who are financing the development of the dr E V green coal properties southeast of cedar city mean business is shown by the fact that articles of incorporation of a million dollar company to be known as the coal creek coal and coke company will be filed with the county clerk of 0 this county at parowan carowan tomorrow and immediately forwarded with the filing fees to the secretary of state at salt lake city the capital stock of the corporation will be which will the ibe divided into shares of the par value of each the company is being incorporated under the laws of the state of utah and the provisional board of directors will include the following jacob and heber weaver of los angeles russell berry of portland oregon james toy and heber fife of los angeles and dr E F green of cedar city the office and principal place of business will be cedar city utah and the chief engineer is charles C jones of los angeles heber weaver and herbert fife of the provisional board are here assisting in the launching of the new company the officers have not yet been named from the board of directors dr green who just returned from california yesterday is authority for the statement that negotiations are pending with the he t american steel and wire company for the aerial tram with which the property will be equipped and that active work on its construction st will commence as early in the spring as practicable A considerable portion of the stock is already subscribed and paid in and the company will have a desirable harbor frontage at san pedro and an extensive business site near the center of los angeles it is proposed at an early stage of the proceedings to erect extensive coke ovens near cedar city and commence the manu fac facture tot of the bi byproducts products of coal tar including die stuffs perfumes extracts and the coal tar medicinal substances such as and others negotiations have already been entered into with the san pedro route for a branch line to the bins of the company to give an outlet to the coast for their product and they have been assured of such a branch as soon as the company has the necessary tonnage ready for shipment they are guaranteed a daily market of tons in los angeles as soon as they are ready to furnish it this is an important announcement for cedar city and if the program is carried out as now planned irwill it will mean the employment of an army of men and the distribution of a large monthly payroll that will have a most beneficial effect upon local financial conditions dr green states that it is the intention of the new company as set forth in their articles of incorporation to enter other fields of mining and manufacturing and lie he predicts a great future for it he is also very hopeful for trade conditions in this country during the next five years which lie he believes will be the most prosperous period this country has ever known the writer was shown the certified checks from a california bank which will accompany the incorporation papers as filing fees to cover the internal revenue expenses of the incorporation etc and the doctor stated that approximately in cash and collaterals collate rals had already been advanced on the project 0 |
