Show OIL SHALE COMPANY FOR UTAH the utah marafine Pa lne oil wax company which was incorporated on thursday with a capital stock of will begin the development of the oil shale beds near soldier summit as soon as reports concerning the action of the scott process are received from detroit says the salt lake herald re publican the company has filed on acres of oil shale land and it was said last night by officers of the company that there are millions of tons of shale in the vicinity which will produce oil and wax experiments show that thirty five gallons of oil and fifteen pounds of wax can be secured from a ton of the shale the scott process which is to be used to extract oil and wax from the shale is a distillation til method owned by the general ire company of new york in Spi spencer ancer penrose and charles M mcneill president of the utah copper company are heavily interested 0 W ewing a member of the board of directors of the company and W R wallace vice president declare that one of the biggest industries of the state will be developed in the shale beds it if matters come up to expectations the shale has been experimented on for two years in secret three carloads have been sent to detroit for final experiment with the scott process and the report is expected in a few weeks the incorporators of the company com are lawrence green mr wallace james ingebretsen ina M R evans F S murphy M A keyser and i mr ewing the proposition has been under way for several months said mr wallace abut as I 1 am not familiar with what has deen done aone lately mr air ewing will give an outline of the work the company expects to do a great deal if the scott process does all that is claimed for it mr air ewing said that it was discovered by accident that the shale contained oil and wax which could be extracted he said that experiments for the past two years had shown that the distillation process would return thirty five gallons of oil and fifteen pounds of wax the scott process which was invented in this city several years ago was only put into operation when the penrose mcneill syndicate bought it we closed the deal yesterday for the rights of the scott process in the state of utah said mr ewing the inventor of the process sold the rights to this state to a denver man and we bought it from him the penrose mcneill people own 10 per cent of the rights in utah and we own the other 90 per cent the purchase of this right has kept back the filing of the papers for months we have acres of shale near sol dier summit engineers have not as yet completed the estimate of the tonnage but there are millions of tons of oil shale we expect to get products byproducts by worth 3 from every ton of shale as that is the amount we have secured so far with the scott process we expect to get a greater amount than this and in addition be able to operate the plant cheaper we cannot tell when the plant will be built as we want to get our experimental work over with before we go into the market with our products there is no stock for sale to anyone the men who have started the work of getting oil and wax from the in the vicinity anity of soldier summitt summit are well known to the people of the state As soon as we are ready to operate the capital stock of the company will ibe be increased |