Salt Lake Telegram | 1923-12-21 | Page 27 | [Illegible] Receives [Illegible] for Coal

R Ft RECEIVES I iSH FOR COAL r Expected to Reach Rech a Year YearL YearY Y L from Rom m coal leases ases In to U Utah ah las y already begun to comet come aft t Is expected within a a. at t h. h t. t bc sum of ot about 60 ear aJ aThis This is the Kout out by the United d States tp t t- t mines in Utah which a ga g a. a OC ot of H. H W W. Dyer mining Thle T la money will be he used to la s of ot the he highways bile schools of ot the state re ra in good standing in four coal prospecting two hirty-two leases and two said aid Engineer Dyer Li LI LIt t the tho he mining in a small oal al deposits on Canis ado ad- ad o or homes homesteads eads fuel tuel purposes amount of ot landI land landt t j be leased Is 2560 acres I sections The leases now I ln L-ln In Utah average about a ad d acres each ach and the he he guar- guar kp the production t bo DO attained In four years maintained is t the two thirty leas leases s. s s cUng permits require nog no noS S g t j but are good rood for tor only t After that the permit permit- Ws her take out a lease leas or ors orI orits I its s prospecting op I ini WI n amount of or development d under the terms permit ct some of ot the I leases s. s In Utah have only recently been C granted granted grant grant- ed jJ it is e expected that expected t dC t that r by end of 1924 the minimum m J production r will ft t m have been passed s There r may be additional production of course from new leases Practically ev every ry large c col mine operator in Utah with the exception exception exception tion of the the- Independent C Coal al and Col Coke e company and the Columbia Steel interests st is already a le leaseholder leaseholder lease lease- holder i from the government et The companies companies' own mines have been to the boundary line of the property and slight alight development development development develop develop- ment will wOI extend the workings to the adjacent publicly owned land hence development and production are in such instances f.- f. dlly acl ac ac- l ed The government royalty is 10 cents a ton on coal produced The Tho minimum revenue from the tho present present I leases therefore will be per r annum The Tho maximum m is fixer x C by the nen nena a ability of r the h operator r l to tomine mine nano and sell his coal On 01 the he minimum basis 10 per cent or 10 goes gots to the federal tr treasury to reimburse the government for forthe forthe forthe the cost of ot administering the leasing leasing leas leas- ing act A total of pr c cent centor nt ot or goes to o the state In which the coal is mined Utah tah In is this In In- In stance The state legislature ma may determine determine determine de de- termine how the tIle money shall be split between road and school funds The remaining per cent or goes Joes to the United S States reclamation service which must spend it west of ot the one hundredth meridian which Is roughly in the public land states 0 ol of the West Wes