Show california money for cedar coal eliat alie california capitalists who are the development of alie dr E green coal properties southeast of cedar city mean business is shott n by the fact that articles of incorporation of a million dollar company to be known as the coal creek coal and coke company will be filed with the county clerk lot this county at carowan parowan tomorrow and immediately forwarded with alie filing fees to the secretary of state at salt lake city the capit il stock of the corporation will be sl which will be divided into shares of the par value of each the company is being incorporated under the laws of alie state of utah and the provisional board of directors will include the following jacob and bieber weaver of lo 10 angeles ruebell berry of portland oregon james TO and heber fife of los angeles and dr E F green of cedar cit utah and the chief engineer is charles C jones of los angeles heber weaver and herbert fife of the provisional board are here assisting in the launching of the ne company the officers have not yet been named from the board of directors dr green alio lust returned from california yesterday is authority for the statement that negotiations are pending with the american steel and wire company for the aerial tram with which the property will be equipped and that active work on its construction will commence as earla in the spring as practicable A considerable portion of the stock is already subscribed and paid in and the company will have a desirable barber frontage at san pedro an extensive business site near the center of los angeles it is proposed at an early stage of the proceeding to erect extensive coke ovens near cedar city and commence the manufacture of the byproducts of coal tir including die stuffs perfumes extracts and the coal tar medicinal substances such as anti and others negotiations have already been entered into with the san pedro route for a branch line to the bins of the company to give an outlet to alie coast for their product and they have been assured of euch a branchi as soon the company has the necessary tonnage ready for shipment they are guaranteed a daily market of tons in los angeles as soon as they are lead to furnish it this is an important announce anent for cedar city and if the program is carried out now plana ned it will mean alie employment of an army of men and the distribution of a large monthly payroll that v ill have a most beneficial effect upon local financial conditions dr green states that it 19 the intention of the new company ns set forth in their articles of incorporation to enter other fields of mining and manufacturing and he predicts a great future for it he is alo very hopeful for trade conditions in this country during the next five years which he believes will be the most prosperous period tins country has ever known the w anter was shown the certified checks from a california bank which will accompany the incorporation papers filing fees to cover the internal revenue expenses of the incorporation etc and alie doctor stated eliat approximately in cash and collaterals collate rals had already been advanced on the project iron county record |