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Show COAL CHEEK GOAL I ; mm OHIZED J . Will Erect Coke Ovens Near Cedar City and Manufacture Manufac-ture By-products. That the California capitalists who are financing the development of the Dr. EL F. Green coal properties southeast of Cedar City, mean business la shown by tho fact t'.'.at articles of incorporation of a million-dollar company, to be know n as ; tho Coal Creek Coal and Coke company, j will be nled with the county clerk of this i county, at Parowan. and Immediately for- j warded with the filing: fees to the secre- I tary of state at fait Lake, says the Iron ; County Record. The capital stock of the corporation will be SI, 000, 000, which wit! ' be divided into 10,000 shares of the pari value of ;fl00 each. The company is being j incorporated under the laws of the state of Utah, and the provisional board of directors di-rectors will include the foliowintr: Jacob J and Heber Weaver, of Los Angeles; Rus- , sell Berry of Portland, Oregon; James Toy and Herbert Fife of Loa Angeles, and Dr. K. F. Green of Cedar City. The office of-fice and principal place of business wit! be Cedar City, Utah, and the caief engineer engi-neer 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 officer;! of-ficer;! have not yet been named from the board of directors. Dr. Green, wno just returned from California Cali-fornia yesterday, is authority for the statement that negotiations are pending with the American Steel and Wire company com-pany for the aerial work with which the property will be equipped, and that active work on Its construction will commence com-mence as early in the spring as practicable. practic-able. A considerable portion of the stock is already subscribed and paid in, and the company will have a desirable harbor i frontage at San Pedro and an extensive business site near the center of Los Angeles. An-geles. It is proposed at an early stage of the proceedings to erect extensive coke ovens near Cedar City and commence the manufacture manu-facture of the by-products of coal tar, including dye stuffs, perfumes, extracts and the coa! tar medicinal substances, such as acetanilid. antipyrine 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 doily market of 500 tons in Los Angeles as soon as they are ready to furnish It. This is an important announcement for Cedar City, and if the programme is carried car-ried out as now planned 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 the articles of incorporation, to enter other fields of mining and manufacturing, and he predicts a great future for it. He is also very hopeful for trade conditions in this country during the next five years, which he believes will be the most prosperous pros-perous period this country has ever known. The writer was shown the certified checks from a California bank which will j accompany the incorporation papers as i riling fees, to cover the internal revenue expenses of the incorporatiun. eta And the doctor stated that approximately $-00,000 in cash and collaterals had already al-ready been advanced on the project. |