Salt Lake Tribune | 1903-04-10 | Page 6 | To Mine in Iron

TO MINE IN IRON I III New Syndicate to Enter the Exhaust j 5 loss Field in the South S The Utah Iron company capitalized at 51000000 this divided into 500000 S shares of the par value of 3 each and with 720 acres of Ironbearing territory stretching westerly from Lindsay mountain In Iron county was formally launched during the afternoon and with Its plans all crystallzed will be fol I S lowed by the construction of blast fur naces and the manufacture of pig iron with which to supply the Western con sumer before the expiration of another year The possessions of the new com pany are nothing less than a part of those over which the rulers in the em pire of iron have done so much spar ring during the past few years and of I I which Robert Gorlinski the experienced expert says It is the most remarka ble region of Iron deposits in the world Already the new company has two I shafts going down into this apparently S exhaustless deposit while to determineS determine-S what volume of copperbearing ore un denIes it a main hat will be sunk to I great depth To thnt end the founders I r of the I S Utah Iron company have been as sured the cooperation of a number op i wealthy Investors and active work will be Inaugurated at an early day III the articles of Incorporation Thomas Ma SpnfU Judge of the DIstrict court at ftephl is the designated president Ed ward Holm treasurer and Fred T Me GunIn secretary these with James T Hammond Secretary of the State of I Utah and Joseph Ilause to II nerve as dl i rectors The undertaking is launched I with many possibilities and develon i I tcrest rnent will be followed with much in I ci I