Show J I PRO u D U r o 11 I BIG iGOA t CONCERNS Company Which Will COnstruct ConJ Construct Con Con- RaU Railroad in Utah Spending g 1 W. W G. G SHARP L LEAVES V S' S TO LOOK t f i 0 l li Control of o l C Companies s r Passin Passing t interests r jiri lin in N v Ne W. W i. i W W. G. G Shan rp- rp the e United stat Sat s Smelting Refining and and Mining g company Da David d E Eccles les pre president de I Ithe th the Utah t 1 Construction o st zi company o ny ad td W. W W H. H IL Watts Watt Watts gen general rl manager mariag r of oi the e latter itt h c company this morning took the train on the Denver Bio Grande Grand equipped d ds as s if for tor a a. trip over over- land It is is' th they y went to Hill 11 Top on th the nc h and ld there left lct the tho train for a trip d down J Huntington Huntingto 1 canyon in co connection either with the proposed Utah coal railroad r or othe r the purchase ur hase of lauds lands by Mr Sharp and owned by y Mr E Ec 1 den i in iii that vicinity F. F A A. Sweet pr president t of t the h. h Consolidated cora j o I pany pan said ad today that ho he believed con i work ark would be bo well under won W way wayon on the U Utah Jl Coal oal r railroad Uro d within one month Millions of dollars rs have han alda already been distributed f il Among tuong on J. J local capitalists ii and Lp h taken aud pk started a on ji J f ot 10 1 In n t for Or r every ory 1 1 that ba has aJr already ad- ad becu been laid aid out out and and a beginning li has bas only ouy leri made iu in one ono ot ol tho the bl biggest est foal oaL deals ever pulled off in the countr country country- certainly in Utah or the west wet The deal ns os announced exclusively in THE TUE fliE TELEGRAM l of J is jing handled largely so 50 fur at least east as R local Joea are arc concerned by William G G. G Sharp president of tho the United States Smelting Refining Benning and Mining company Other financiers and men uen of national reputation among those who do thin things s havo o been en engaged afred on ou arious Pha phases es of the thc far rca reaching bin enterprise during the tha past few weeks and aDd arc still busy There are names to conjure with among financiers financier but tha probably represent interests t still farther up up whose e identity h has 8 not yet ct een disclosed ed Here arc some of tho things that ha have ha Ve already been accomplished Controlling interest t OOOO shares of an In outstanding issue of or has has hascen cen purchased cJ in the Ca Castle tle Valley VaHey Goal Coal company involving a cash trans fer of y fu This company was MIS or organized with ith shores shares par value 5 5 each to handle 14 00 acres of coal oal fields in m tho the Huntington canyon region on It stockholders and officials control the tho Castle Valley VaIle railroad oper- oper Continued on pa page e 10 iO I GR GROUPING BIG COAL CONCERNS Continued from p page so 1 atin from front to Price Tuio Tho Black Blackhawk hawk Coal company compan has boon been bem purchased ed outright for fot a consideration consid of about The company owns JODO acres acree of coal land lane an and recently re roo centy brought ht its is mines mince to to- tho the producing pro pro- stage t e Options on ou Other Stock Stoe Options have hae ha e boen secured expiring next Juno Jun on 01 tharE or 01 a n controlling controlling con con- trolling Inter Interest st In the Consolidated Fuel com company pan which owns own acree of or coal lands landa in lii tho the same me vicinity and operates tf a 3 railroad to connect connect with wih tile tho tlc Castle Cate Valley Val Val- 11 Icy ley from Ha at t Hiawatha About shares Ia of oC Consolidated Fuel stock have hwe been Issued and tho the purchase of or the control wi will at tho the n res of or th the option opton Involve a n consideration of or Including this deal which Is lil regarded as S practically certain tho n negotiations ih with these throe three companion alono alone Involved d the expenditure of or or more and b by th mi the ti new owners owner acquire a nest nest- egg of or OIO acres of or what Is IR ly edly some of hr r the best coal cOl land Jand In iii Utah Ulah In addition th tho n new W owners assume th the obligations additon of oC of if t bonds hond of oC th tM the Consolidated Fuel company find and 1200 bonds of ot the Castle Castlo Valley Valcy Placing the cost rost of ot the tho Utah Coal railroad rail rail- rai road on which three ov 01 more survey surveying une In pal aro are now i at th the enterprise as 8 It Il has progressed so o C far u Involves Involve the expenditure of or Options on Coal Land Land During DUing th the tho last lat three weeks J. J R R. Sharp brother of ot William flam G. G harp Sharp aria and president of th the Utah C Coal al and Cok Coke company compan p and G G. G A. A Iverson a dIrector In tha thi tho same same concern ha have havo 0 b boon been n bUR busy securing fe se- se curing options on nn a large arge additional acreage acreage acre acre- opton age of or coal coat land In ill th the tue samo sanit vicinity much of ot which is b owned b by Halt Enl LaU Lake Cf City and ald Ogden lc residents or by Interests Interest ts represented b by them It 1 Is said sald that deal deab dy negotiated i or pending will 1 Involve several millions million morn for tOI coal lands landA as yet et et undeveloped or only partially developed de The negotiations which resulted in the obtaining of ot control of or the Castl Catie Cul Valc Valley were cre begun sonic some time ago aiO go when hen Jam James G. G of or Des De Moines Moine and A. A J. J Orem of ot Salt Sal Lake ef City sold th their Ir holdings s In this company to J Ji H IL Mays Ia 8 and H. H N. N Helner Heiner Thor These in turn tum alon along with Ith Windsor or V. V Rice J. J P i. i Critchlow Critch- Critch low 10 ow and rd P. P C. C Kittle of oC the tho Western Fuel Fue company compan and others otherl oid sold to the present owners ower Some of ot the negotiations were carried on through k Co and and Associates which rave cuve rise to the impression at at that time tha that tho the real In Interests interests In- In behind the purchasers might bethe bo be bothe bothe the American Amerian Smelting and nd He Refining company corn con pany pan or 01 Ha its Is close cose ni ally the tho Utah Cop Copper r. r It I t In irs II now believed to he be Improbable Improbable that such Is 18 the case Tonnage of Dally Daily The Blackhawk Coal company compan which old sold out entirely was as made up of o David Eccles Ecu of oC Ogden the Int interests the he Interests James Jaine-c PIngree P. P C. C Kittle and other othel stockholders Interested In th the Consolidated Fuel company compan on which an opton option said Bald to have lave cost cot has been obtained for fora a control of or tho the stock Block stoc are P F. 1 A. A Sweet president and manager C C. C T. T Lemley vice president W. W H. H Sweet secretary F. F W W. Francis treasurer C. C N. N Sweet purchasing a agent tnt TV W W. W Mitchell Mitchel auditor auditor audi audi- tor to J. J H H. WhIte general sl sales aies s agent L. L L. L L Legs Les general attorney and others The Tue present capacity output of the Consolidated Con Con- d Fuel uel and the tho Castle Caste Valley alley Valey companies companies com corn panics combined I Is said to be from to tons tonA dal dally daily The new Blackhawk Blackhawk Black Black- Blak- Blak hawk mine within ft n month after It I started started- production had ha a po possible ible output of oC about 1000 tons It It la Is declared that by br bythe bythe the tho time the Utah Coal railroad Is 11 completed corn com the aggregate g tt capacity of oC the three can fasH easily b be brought to to tons ton da dally daily It I Is said ald that in two years after the Utah Coal railroad Is built bui twenty five now mines minea will be operating In the territory ter ter- served b by It I. I Big Company O Organized As S already stated negotiations are re be be- be carried on for Cor additional acreage and nd It I le Is If believed le d that de development work will willbe wi be bd ca carried on extensively until the possible 1 ble ide production pr per pr day has i reached cached a rj n much higher Among Amon th the men who ho ha havA holding In that t territory and with 1101 ed d purchases at are b being ln dis- dis cu cussed e td aro are Senator tor William j jClark Clark P. P T T 1 Quealy who Is iP also lao Jo Int Interested reste In the r fi 1 J II H. I. I Mays TV IV S. S McCornick Mc- Mc Coll Cornick and atil others other of ot the personnel on 1 of or th the local r pr of oC the tho purchasers rl In the present t c enterprise may mR h be hp learned from I Ith th th hoards of or directors of ot thi th various con con- cn- cn corns cerns At a recent election electon of or officers I of M it th the Castle Valc Coal company compan Heb Heber r M. M VU Wells W V. S. S and ad H. H R. R were ere placed on the th board of ot directors In place of ot TV W. C Or Orem m. m A. A J. J and nd J. J Th The Utah Coal and Coke company has hu hual al also o been organized and It Is considered b by nemo romo fomo that It I I may a- a act a as tho the parent company for tOI th the various subsidiary In Interests In in- tere hl while others think I Its ts business will 11 be to coal lands It T starts out according to the he articles of or Incorporation tion ton with Jh 2000 a ars re res J. J R. R Sharp Sharn is president A. A L. L Fullmer Fulmer vice president B B. B n. n McDonald lt ecret T and tr treasurer aurer and G. G A A. I Iron ron and ad G. G W W. Fullmer ad additional ad ad- directors Secret Closely Guarded Intimately connected In th the man many and auld complicated negotiations negotiation which now nov appear to bp Lu at a R. successful rul rulon conclusion on lulon h have hav t b been n several men of or national national na na- not note Chief of or these thele has hns been President W tV G. G of or the United States Smelting nir H Relining ns-I ns and Mining company Mr MiS h. h Sharp ha haM rier never it Is III said Sid none gone further r In fn explanation of oC who Is II be behInd behind be- be hind him th than n to fa say when he found round some Nm explanation that It w was the the- company compall of oC which he hr I is president nt The Jr prentest t possible hiss JIMS II been bren main main- tamed during t the 1 Mr Mi- tl- tl Sharps Sharp's brother J. J U. U Sharp has assisted him in carrying out many mAn mAnot of ot the details of or the lie negotiations negotiation and has been intimately connected d with lt It It On Charles Charlos J J. Jennings ll vice let president and con consulting en engineer of the United States Smelting company mp h has undoubtedly c. c edly ly rte devolved H a gr great at deal of oC th the re responsibility rf- rf JH In n th Ii placed d ou on n th the th various a purchaser purchased r Mr recently spent K H. month oln ong r rov ov t over r t th tha h various properties and jt It t Is h JIved b II rt that his report port thereon theron r resulted In Iii the purchase ha being Are Ate Goulds Interested Of OI peculiar interest ret lu has huI he been beau th the part taken n In th lbs thA negotiations b by Thomas Thoma D Voils wh who I Is at the head of or th the Kr great at Davis coal Interests In West e t Virgin 4 rho Those e Interests represent ent th the holdings holding of or Henry R Cassaway Davis Davi the late Senator Sena Seria- tor or Stephen B. B and their associates asso uso elates and are worth orth man many millions of ot dollars While Mr Ir Davis Is a relative of W W. t G. G Sharp It Is iii not considered that the Interest he lie has taken In fn the deals deale recently made has been entirely personal Speculation as to who Is 18 behind Mr Sharp and the United States Smelling company in tie the deal aro are maD many That tho the com company pan has at least made alliances with others of or the big LiS- financial Interests of ot tho the counti country in this matter Is believed to be certain One theory theol has been that the Gould Could In Interests interests In- In havo have been active in the tho matter and that the men at headquarters have taken this meth method of keeping their Identity a secret It Is pointed out that the Ulo filo Grande will t find plenty of ot business business busi busi- ness for two tto railroads over oer the tho Vt Wasatch atch mountains If Ie the almost Incalculable Incalculable- re resources resources re- re sources of ot Utah's immense coal fields arc developed properly Would End Suits Further It is III asserted that the tue purchase of oC the coal companies q concerned would be an effectual check on tho the suits no now pending before beCore the interstate commerce commission lon In In which the tho Castle Valley compa company n asks virtually that Hiawatha a watha and Mohrland be made common points with Price and In the tho handling han iian lIIn of oC coal coat At present the lie coal from the Castle Valley and Consolidated Fuel minIs mines is handled under a n. virtual handicap of Z 25 cents cent a ton which Is loj the rca reason on for the lie suit before tho the Interstate commerce com corn merce commission Another J theory Is that James amea J. J Hill Hili and his powerful all ally aily J 1 P P. Morgan Co are behind tho ho n new move It Is poInted out that the Colorado Fuel andIron andIron and andron Iron ron company compan of ot which Mr fr Hill Hili and his allies have control has hall acquired pos posses possession es- es sion Ion of or rich Iron deposits in fn Iron county Utah and nd it would be he advantageous to hrin th the coal oat those Iron deposits The rue tel fact that the th Utah Coal CoRl company also aJeo has iii hi 11 Its articles a clause permitting pf It to build a n. line to Nephi Juab county count I is to a as significant by br those who uphold up up- hold lold tills this theory Th Then n the th theory i is Rd An advanced d that th the Union Pacific ma may b be bJ extending e It its coal Interests ts In view len of or the tIre time wh when n its mines A in Wyoming mo moy become becom cx- cx his u sted d. d Good Market For Coal A And nd of or course coune the presence of or Mr tr Davis avis has given giyen rt rise c to ha belief that th hn bituminous magnates of or Wt West t Virginia Vir ginia have hac appreciated the value alue of or th the similar deposits In Utah and arc are going ahead to d develop clop them then That there will be a Ii market for th the coal In iii n the countI country and I I ty y is not for tor a moment doubted h b by those those- In n touch with the thc situation It Tt Is said laid that hat Idaho alono can take care car of ot an any surplus sur sur- plus pius likely to be bt produced In Utah for man many years IS Developments of or th the day a in local cir cir- circle cle Jes have hae b been en largely confined to lation a as to what the n negotiations already I and under va way mean It Is h stated that of ot the three parties of surveyors c mentioned m In THIS THE TELl TELE RAM GRAM yesterday one Is hi working south from rom Provo Pro an ai and l i Is now noVi In the vicinity of or Spanish Fork one erie is Ie working up Hunt- Hunt loton canyon on from froni Mohrland and on one the two to probably not far from Thistle The Tho visit of Mr 11 Sharp Mr r. r Ecles Ec- Ec cI cis les and hl his general manager Is taken to tome me mean n that the Utah Con Construction compan corn corn- pan any pany which has earned a reputation for tor railroad build building I n- n will take th this the new flew railroad tall rail road oad in h hand nd or 01 that Mr Mr- r. r Eccles Eceles Is Js benton bent on n closing up a R sal sale saIl of sonic some of or his coal holdings old Ings Sp Speaking of oC th the negotiations with his company compan today todA F F. A. A Sweet president or of f th the Consolidated Fuel rUe company said paid saide We e have hac made no no sale of or our OUI property to o anyone Mr rr |