OCR Text |
Show OWN MEXICAN LAND. Company Is Formed to Develop the Riches of the Tropics. Exploitation of an empire of the, richest rich-est lands in tropical Old Mexico. Involving Involv-ing the production of mahogany, cedar and other valuable woods, besides rubber, rub-ber, sugar, pineapples, bananas, coffee and tobacco, is the mission of a Utah corporation tho organization of which was completed yesterday. The name of the corporation is tho Mexican Land & Sugar Company of Utah, and Its thirty-two stockholders are nearly all residents of this city. The officers of tho company are: W. W. Cluff. president; James Qhlp-nian, Qhlp-nian, vice-president; Frank Knox, treasurer; treas-urer; R, W. Young, secretary. Tho directorate di-rectorate Includes, aside from tho officers. offi-cers. T. It. Culler, IT. R. Kline. Charles Itooklldge. Aqullla Nebeker, David Ec-cles, Ec-cles, N. W. Clayton. W. A. Ray and S. W. West. Among tho stockholders aro Senator Thomas Kcarns, W. J. Doolev, A. C. Austin, L. S. Hills and other well-known well-known citizens. Tho company has purchased from tho Mexican Government a tract of 37G,79S acres of virgin land In a bodv. about 250 miles east and fifty miles south of tho City of Mexico, in the Stato of Tabasco. It has fifty miles of Gulf coast lino and Is on ono or more navigable rivers, beside be-side being In closo touch with the Te-hauntepec Te-hauntepec railroad. It Is said that not to exceed 10 per cent of tho entire tract Is waste land, whllo thu stories told of the fertility of the soil are almost Incredible In-credible to ono familiar only with tho temperate zone. It Is tho Intention of tho company to reserve 10,000 acres of the land for a townslto. Tho romaindor probably will be placed on tho market at about Jo nn acre, on Installments, a certain amount of tho stock of the corporation cor-poration going with each sale. Whllo tho company's plans of operation have not been rullv determined, It Is lllcely that arrangements will be mado to market more than enough of the hardwood timber tim-ber to pay for the land, and other resources re-sources will be realized upon as rapidly as may be deemed practicable. |