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Show STEEL IN PUIiSpilE Compromise on Coal Lands Assures Investment for Development. Milner Corporation to Build Blast Furnaces Near Utah Lake. I" t nil is lfnt inc-I soon to become the center of nn i run and stcl industry 'hii'h will nir-'-t all t In; industrial re-riiir.Min-nts of Mm rapidly yrowin and (1 ' I o i i n f region from ("..'(dorado to aiifornia and from fanuda, to Mexico, and an initial expenditure of $15,000, DMi) will hi: iiia.ii- in tin: near future for tliis iurpns', nri-ordi utf to A. (J. Mihicr, provident of t he Milner corporation. 'I'll is 'development, Mr. Milurr said vey tfvday, in mado possible by " tlirj compromise com-promise reached last week by the governor gov-ernor and the state, laud hoard with the .U Liner interests whereby title to 5504 a'Ti h of eoal land was quieted for a ("iisiderat ion tu the state of $550,-100. I-tv -setting at rot the title to and u.so of the c(ia 1 lands it has become posbibln to develop them with the, iron eb-poMts also lndd by t ho Milner interests in-terests and create an irou industry iu tl.o state with t';i i-reaching possibilities. It. is the intention of the promoters of the project, according to Mr. Milner, to build blast furnaces for the manu-facture manu-facture of yz iron at somo point on Vtah lake. The enhc for the furnaces will i-oiiMi from the iniuos of Carbon eountv, where the coal lias been proved to h ii of high coking (piality, while the iron will come from the Iron county mines. Iron and Coal in Proximity. It is sixtv miles from tho eoal mines to Utah valley and about 240 miles from the lrou county ore desposits. This proximitv of iron to t lio eoal will give ihe Utah industry a considerable ad vantage over any other similar undertaking un-dertaking in the countrv, according to .Mr. Milner. The iron from these, furnaces, which, under the present plans,- will bo constructed con-structed iu units as tho demands of the western market for the product show the need, will so from Utah to California Cali-fornia and on to the Orient. fttcel for the industries of tho Pacific, Pa-cific, coast now has to come from Indiana In-diana or points further east iu the crude form. Tine creation of this industry, in-dustry, it is pointed out, will eliminate, freight rates to the coast of about $10 a ton. To fill the industrial requirements or the Pacific roast and tho i n term oun tain region will be one or the aims of the Utah pUmty. Amontf tlio needs for the iron are the following which Mr. Milner pointed out vestcrdav: The -shipyards of the coast, in "which ihere has betjn made an investment of SL'i.OuO.000, require immense tonnage of steel: the packing industries, both for yjlmon and for the fruits and vegetables of tho intormouniain region and of California Cali-fornia neod thousands of tons of iron a month; the foundries, the steel mills making mak-ing machinery of all sorts, will be in the market for Utah iron; the railroads, the contractors and tho builders of everything from automobiles to flatirons, will use Utah iron. Gas and Coke By-products. These are some of the outlets for the iron which the furnaees will turn out near Utah lake. Another industry by itself will be created through the manufacture manu-facture of coke. The manufacture of coke creates vast quantities of gas. which can be used for commercial purposes of all sorts. Mr. Milner said that from the (iarv, I nd.. coke ovens there is pitted daily to Chicago 12.000,000 feet or gas. The other by-products of the coke will constitute- the foundation for a chemical industry of considerable magnitude through the use of benzol, toluol, ammonium am-monium sulphate, tars and their derivatives. deriva-tives. It takes approximately two tons of coke to make a ton of iron, Mr. Milner said. The release of the coal lands under Uio t mi lu ui lm J iai aukiiui Hies p.i ra nmplo fuel for tho reduction of the iron deposits of the company, which have been estimated at 1.000,000.000 tons of ore, he declared. This Iron ore. Mr. Milner said, assays an average of 53.64 per cent iron content. Tho ideal iron content for reduction purposes pur-poses has been set by iron authorities at tiO per cent. The Utah deposits contain a higher grade ore than that of the Mesa Me-sa ba, range in Minnesota, whence comes most of the iron manufactured by ihe United States Steel corporation. Large Capital Involved. Financial consummation of the plans of the promoters is now in the hands of Pacific coast bankers. It is understood that Japant-se interests will be represented in the project to Some extent. Full financial finan-cial details could not be learned yesterday, yester-day, but it is known that many millions are ready for investment in the Utah iron industry as soon as conditions permit and the market for the products will warrant. The necessity for large investments of apitiil before tho industry can begin to be put on a producing basis were pointed out esterday. and Mr. Milner wouid not venture a prediction as to the probable time before actual operations are started. Ho did say, however, that work will begin be-gin in tiie near future and will be pushed as rapidly as genera! conditions warrant. The state gry.u'ed tlie M::ner interests 'ive years in which to begin payments on their obliga t ion to the state, no interest in-terest on the money to be required for 1 tiiat period. The total acreage, however,; is now liable for taxes for the first time. The settlement reached opened the door for the capital. That capital is now ready, L-ccordins to Mr. Milner. But a short while now remains, he said, before the dreams of more t'.iiii a quarter of eeu-t eeu-t ury will be realised when t- Immense iron and cchI deposits a' j.c- state are to be utilized. U"-. placed on the way to becoming' . industrial center of the west. |