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Show BIGGEST POTASH MEN COII WEST Nebraska-Utah Company Is ' i Being Formed With $1,- j 000,000 Capital. j PLANT IN SALT LAKE! Valuable Alunite Properties Proper-ties in Marysvale District Are Acquired. Evidence that the biggest potash manufacturers manu-facturers of the United States, the men who control the potash industry in Nebraska, Ne-braska, which today furnishes about 75 fr cent of tho country's potash, are y'uirning to the west in general and to Utah in particular as the most favorable fls'.d for their further activity, is at hand. Acquisition of several valuable alunite properties in the Marysvale district, the purchase or leasing of one of the large potash plants near Marysvale, the incor-' incor-' poratton, bv September 10, of the Nebraska-Utah Potash company, with a capital of $1-000,000; the building of a 500-ton crushing and calcining plant at the company's com-pany's properties, and the construction in Salt" Lake of a leaching and evaporation plant for the further treatment of the product, are all to be accomplished without with-out delav, according to the positive statements state-ments of Theodore Hodman, Chicago engineer en-gineer and representative, who has been here for several days quietly at work on details of the big plans. Valuable Ground Acquired. Nearly two weeks ago Mr. Rodman, who has for years studied in Scandinavian Scandina-vian countries the potash Industry, visited vis-ited Marysvale district, with the great nltmite deposits of which he was already well acquainted. Upon his return to Salt Lake, Mr. Rodman admitted the acquisition, acquisi-tion, for the Nebraska interests that he is representing, of some of the most valuable valu-able alunite properties In that region and located near Belknap and Vaca stations. He then told something of the plans for work in the immediate future, as active operations are to be under way not later than September 10. One thing that Mr. Rodman was emphatic em-phatic about while consenting to make public the plans of his associates for the dsvelopment of a giant industry in the alunite fields was that the orKanizatlon will bo a close corporation, virtually a partnership, with no stock whatever to be placed on the market at any price. He c-vplained that the men back of the enterprise enter-prise were captains of the potash industry indus-try and financiers of great wealth that they require the raising of no additional - funds to carry forward their plans, no matter how much, expenditure may be necessary. Will Form Big Company. Articles ' of incorporation of the Ne-Vaska-Utah Potash company are now be-Tng be-Tng prepared, and will be filed, said Mr. Rodman, not later than September 1. The company is to have a capital stock, fully paid up, of $1,000,000. Included in tho organization will be some of the leading lead-ing financiers of Nebraska, among them Attorney General Willis E. Reed, who has x' made an exceptionally good record in his official position and is now a leader in ' Jie Democratic race for the United States stnatorship. The associates of Mr. Reed In the plans now tailing shape are the DOtash chiefs of Nebraska, arid this means th potash chiefs of the country. As to the character and magnitude of ' the deposits acquired by the men who are forming this new concern. Mr. Rodman u v, oi,iv,it claims comnriseu what are commonly termed the low ' srade, carrying an average of about i Mi uer cent alunite, adding that in magnitude - they were virtually inexhaustible, the ore occurring not alone in great veins, mt - in vast deposits that were of such proportion pro-portion as to reauire handling by means of steam shovels. "Our children will be working these alunite beds ajid they will still be far from worked out," he said. To Build Large Plant. In order that there may be no delay In the beginning of active operations on the alunite ground so recently acquired, the men behind the company, of which Mr. Rodman is to be the engineer and the general manager, have made arrangements arrange-ments to secure, either by lease or purchase, pur-chase, one if the largest plants In the Marvsvale district But they are not stopping there. Plans are already being drawn for the construction of a 500-ton crushing and calcining mill to be built on tile ground of the company's holdings, and, coincident with this, negotiations for a site for a leaching and evaporation plant of like capacity, to be constructed In Salt Lake, are . pending. This will mean the expenditure of a largo sum of money In the city, for the erection of the Plant and its continued operation here, with the employment of a considerable force of men. Mr. Rodman also spoke In high terms of the past determined and ' miccessful efforts of the Mineral Products company, Armour & Co., Swift &. Co. and the American Smelling & Refining company, who all practically will be nelshljors to the Nebraska-Utah company. In tho treatment of these marvclously rich and otrnMvo deposits of alunltized rock, admittedly among the greatest known In the world, the Nebraska-Utah Potash company purposes to utilize and make the mo.-t of all or (he recent developments devel-opments along scicnllfli- line, as we'd as Inn knowloilnn gninod by tho experience of f'Npcrts in other lands. The l:.-sons of pas: experience, combined with the latest iic'iuisil inns In recently developed methods, meth-ods, will, it i believed, serve to place this company weli to tne fore in case of treating a-muxlrnnm of product at a minimum min-imum of cost, and thus place the enterprise enter-prise on a favorable, footing from Its vcrv Inception. 'inly very ffy companies are now en-H;.:o,l en-H;.:o,l in the troaiTnent of some part of the alunite deposits of the Marvsvale country, and tin market for potash Is one that mows steadily with the ever-in-creasimr realization of iis importance as a Icrtilir.er. In the minds of the leading experts ol tho Mov.cnuncnt there is no question but that the demand for potash will he, ten years from now. far nrvaler than it is today. - Saving By-products; . The N'ebraska-l tah Pouih company stanns m a position specially equipped for the savin.? of - the by-products of the alunitizi-d rock, in that V. Rodman, father fa-ther of Manager Rodman, has for tv.enty-f-'oven years devoted his life to the potash industry, is recognized as one of the nest experts of the old world and holds the patents upon a number of potash extraction extrac-tion processes that have proved highly successful. This particularly applies to j the saving of two by-producls, sulphuric acid and alumina. The senior Hodman has profitably, through his secret process, proc-ess, extracted the Klumina from the feldspar feld-spar rock in the Scandinavian countries, a rock in which the resisting power is much higher than in the alunite. rock of the Marysvale deposits. The Nebraska-Utah Nebraska-Utah company will he granted the right to make use of the secret process secured se-cured hy this noted potash expert and will thus be placed in a position of advantage ad-vantage over competitors in the potash by-product field. |
