Salt Lake Telegram | 1903-05-07 | Page 10 | Easterners See a Great Future Ahead for Utah

, i ' . F0TUS5 F0I1UIAE 0 0 JIUST DEVELOP UTAH'S ' COAL AND ICON, SAYS BANXEH FHANX KNOX. : 1 " I believe the great future of the 0 State lies in the development of tho coal and iron deposits. Every- where you go in the East you see vast quantities of steel used in the construction of everything. The great steel plants In Pennsylvania are simply overwhelmed with work and still cannot supply the demand for finished products. With the ad- vent of the railroads now building to this State and those that will surely follow once the combination is broken, I look for a great amount of capital to come to Utah looking for Investments. FRAN K KNOX KNOX TO THE TELEGRAM. Fran!: Knox Says Ircn and Coal Dcpcsit LIust Cc DcTClopcd; New York Capitalists Interested.: Utah coal and Iron Is attracting widespread attention among the moneyed mon-eyed interests of the East and capitalists capital-ists are becoming greatly interested in the development of the great natural resources of this State." 'This statement was made today by Frank Knox, president of the National Bank of the Republic, who arrived here yesterday from the East, where he has been for some time promoting ! mining and other enterprises. Everywhere I went I was asked questions about the undeveloped resources re-sources of this State," he continued. "I found, that Utah is being closely watched and that Eastern people look for great things to be accomplished here within the next few years. "The construction of the Clark road to Salt Lake from Los Angeles and the Moffat road from Denver has established es-tablished a feeling of confidence in the future of the State among the bankers with whom we do business that speaks well for Utah."