Salt Lake Telegram | 1923-04-10 | Page 1 | Dempsey Will Head Coal Mine Company

Dempsey Demps y Will Head Coal J Mine n Company r aa b William i i m mr Harrison Hari r ff r Ck Dem Demsey sey worlds world's champion pugilist was as asto to become president of Qt f the Great Vest Western rn Coal Mines lInes fines company this afternoon as the tho result of ot negotiations negotiations negotiations by which a New York syndicate syndicate syndicate syndi syndi- cate Including Dempsey his manager manager manager man man- ager Jack Kearns and Harry Pollack Pollack Pollack Pol Pol- lack former manager of Freddie Welsh were to take over control of the acres of coal land be belonging belonging be- be longing to the Great Western Vestern company company com com- corn com pany on Gordon creek near Spring Canyon Development of the Imm immense im Im- im- im m mense nse coal deposit said to exist on this acreage will be undertaken by bythe bythe bythe the company it is i said The erection erection erection tion of an expensive training health camp on a portion of the theland theland theland land is considered a possibility In addition to the coal the Great Western Vestern holdings comprise water rights timber Umber and ranch lands that arb arc believed admirably adapted for this purpose None one of ot the principals to the thede de deal l would be quoted today pending pending pending pend pend- ing ratification of at final details to the plan Rumors of the transaction transaction transaction tion have been rampant among lo local local lo- lo cal brokerage and mining circles ever since Pollack arrived here from New York several days ago Pollack former newspaper men I sport promoter and more recently head sport of an Investment house hand- hand J to If th the Fin money ey T SP the theatrical luminaries s Is well known know herO here lie Ho has bas in the past few years handled Investments in oil mine and other ther promotions In all sections sections sections sec sec- of ot the country the final details of ot the plan under discussion ion at the Great Western Vestern Coal Mines office in the 1 Clift building at this writing can- can trot hot be announced definitely the I general plan is known It will call for the tho Kearns Dempsey Pollack crowd putting up in itt the I neighborhood of for their interest In the property A A. bond issue is It expected to toll follow ow With the tho money so raised development of the coal property will be rushed to production it is said A tentative schedule of or officials for tor the reorganized company places Jack Dempsey at the presIdency presidency presidency dency of the company Kearns will be on the directorate and servo serve as treasurer secretary of the company It Is said George Storrs former warden of ot the tho state prison and who has headed the Great Western Mines from location location loca loca- tion to the the present stage will be vice president and director Berkey Berkley Berkley Berk Berk- ley ey Olson former county treasurer is slated for tor the directorate Other details of or organization had not been threshed out at press time