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Show UTAHHS TD DEVELOP OIL SHALE UKj - - ' Newly Incorporated Company Com-pany Owns Big Tract at and Near Elko, Nev. With the filing yes ten Jay in the office of the secretary of state of a nicies of incorporation of the Standard Oil Shale company, it became known that the development de-velopment of a 'vast tract of rich oil shale land at and near Klko, Nev., is contemplated con-templated hy aggressive and experienced Utah capitalists. The company plans the immediate erection erec-tion of a l"0-ton oil shale distillation plant to be erected in or near Reno, preliminary pre-liminary construction work to hesin by December 1, with the aim that the plant shall be in full operation by the summer ; uf 191 S. According to the official statement is- ! sued by the company it owns outright 4:'60 acres of the richest shale oil lands ! yet explored in the slate of Nevada. These deposits are accessible with ease, -Heing located along the line of the South-4t South-4t em Pacific and Western Pacitic rail-' rail-' roads. As to the cost of mining shale and the production of crude oil. it is set out that the shales can be mined with a steam i shovel and that the expense ot" production of crude oil from the shales will be less : than ?1 per barrel, leaving out of ac- count the sulphate of ammonia, a byproduct by-product of comincicial value. That the men behind the big enterprise aie not going blindly into any untried ventuie is evidenced by the fact that for many months an experimental plant of commercial size has been in operation at the University of Utah for the purpose of making requisite tests and experiments on a commercial scale. Professors Beck-strand Beck-strand and Quinn of I lie university, who have . super ised the investigations, say that from one ton of shale forty-five gallons gal-lons of oil is to he produced, while if desired a gasoline product of fourteen gallons can be obtained from the gas. The Standard Oil Shale company is incorporated in-corporated under the laws of the state of Nevada, with capital stock divided as follows: 12".. 000 shares, 7 per cent cumulative cumu-lative preferred stock, r.ar value Si ; 1,1373, 000 shares common stock', par value $1 ; 375, 0X) common stock reserved in the treasury. Officers and directors of the new company com-pany comprise a personnel of such standing stand-ing ' as to gua rnnte the ability of the men behind the undertaking to carry out their plans. V. O. Kay. wholesale grain dealer, Salt' Lake, is president; Lr. W. D. Donoher. Salt Lake, vice president; John Pingree, president Merchants bank. Sa It Lake, treasurer ; C. R. Hates, Salt Lake, secretary; these, with M. P. Braf-fet. Braf-fet. president of the Salt Lake Stock & Mining Exchange; F. M. Shiver of Salt J-ake and J. Van Allen of Flko, constitute consti-tute the directoiate. Otto stalmann is the company's consulting engineer. |