Show West Profits Under New Law John C C. Howard president and general gen gen- eral manager of the Utah Oil Re In Ing company in explaining the the- benefits to be derived from tho West under th the oil leasing bill said t tIt It Is the biggest piece of ot legislation n that has ever passed congress affect atte affect t lag InK the J economic development of the I West rest For Fo years ears au the Western states have been been maintaining maintaining- ln that all pub public c lands should revert to- to the states states' In w which these lands lands lare are located but th thEas' thEas the senators senatorS' and representatives In congress would not accept this view However Inasmuch as 90 per cent of or orthe the total receipts receipts- a accruing under the leasing bill will be spent in IQ the Western Western West Wet ern states It Is a a. great groot victory for tor the West Went eKl two Fifty and one half oI half per cent of ot the total receipts go to the reclamation tion fund i 37 per pel cent cent 16 td the states state in which the minerals are produced and 10 per cent to the general federal miscellaneous fund for the purpose cut oJ the administration of ot the law by the th federal government MILLIONS OF ACRES The leasing bill will open up approximately ap ar proximatelY a acres of ot coal land 6 acres acre of withdrawn oil lauds and acrea 1 cre of pota potash h lands As a result nS doubt h treat great deal of ot capital will be he encouraged to start operations under the bill since the tb titles will be protected under t government lease Twenty years ears from rom now it it ItIs Is my my- opinion the the r receipts from operations in the state a ta of ot Utah under the leasing bill will be sufficient to maintain and build state roads roads- and also sustain th the entire public school expenses In other words it would not surprise me If It the th total annual receipts would exceed five million dollars yearly to the of state Utah and each year ear thereafter the fi r rg- rg will continue to ease T T IN WYOMING wl will e The state state-of Wyoming enough this year from present operations operations opera opera- of oC the oil fields of Wyoming to defray detra the expenses of ot the entire stat stata government This is due in inthe the fact tact that several oil fields have been opened up and developed on government lands which will come corne under the leasing bill The people of ot Utah should encourage age capital to come in and develop public pub pub- ll lic lands so that the state will be benefited benefited bene bene- by these operations operation which should increase not only the population but the per capita wealth |