OCR Text |
Show BOND ON OZOKERITE " CUHMSJSAPPR1D Shearer Interests to Take Control of Property on First of Year. According to tf-lovn pi dc udvioes re-cehvd re-cehvd heiu yn.Htt;nl;j y from L. V. SbeiLi--r of New York, Inn bond whi'h has for Mimn time Unn h.-ld by the rnfarer in-lorcMts in-lorcMts on 1 1 10 claims of t ho dan Ozokerite Ozok-erite company, tin; property nf which is located just out of ('olion, Carbon euun-ty, euun-ty, will ho tiikt-n up January 1. The company li;is hf-.l lor years a Uiikh simonnt. of ground that contains VfJKt dcpObitH Ol OZOkt;I'llt;, Ol' hitfh KIMiii!, tint extcnriivt' development hiiN lioL been pushed, o vviiii? to th- fact t rut. t the principal prin-cipal owners urn not men of m.-antc There ba.s never been a real doubt as to 1 1 lo worth of tho property in t ho minds of the, rxprlH who have mud'! examination examina-tion and It whh only after the Shearers had revived th.) reports of experts tliat the bond was undertaken. While the amount involved In the taking tak-ing up of the bond in not made public, ft is generally undei'Htood that It runa into "biff money," for the preliminary work done by the company haa demonstrated demon-strated n wealth of resources. The. fiirt thai men who have abundant capital hrtvo decided to take over the property is rcpurded in mining circles as pres.-iKlnff a period of active development of both this and other ground in Carbon Car-bon county tlmt is known to bo rich in ozokerite and tdaterite. |