| Show TUMBLE TU OF THE TUE ASPHALT TRUST is I National Contracting Company Carried Down lown in the Crash Hope Hopeless fope less Condition of the Trusts Finances A private lal dispatch from New Now York conveys time the Information that the time fail toll failure ure uro of at time tho great grat Asphalt Trust Involves the time National Contracting company of at which Col Wilar Young has hns for tor some seine been lIeen time the general manager The Contracting company was wal a cm t corpora corporation tion tomi tOI owned by the Asphalt Trust and though It U was doing a U prosperous busl busi mess ress ress Itself It Is not thought that It will trill wi time the general wreck What change this timia will trill wi omaha make In Col Cot Youngs plans piatis whether he lie will trill wi return homo home or ur whether his Imis services wilt will wi be retained by bytho ly time tho receivers of lt the time asphalt concerns is 19 as os yet uncertain He has bas been en on enjoying enJoying an In excellent salary and anti has imas hal had 1 over aver some comae Immense con can r works one of ot them being a ar 1 r I i of I ti th h ex t t hi ell already exists at nt Niagara and rn which line has harnessed the time energies of ot that grout preat rat cataract for tur time the benefit of at Col Col Youngs ninny many friends Mill um I ill hope that his prospects will 11 iii In no imo noway 10 way tray ny be lie Injured by the changes which have havo befallen time the company Time Tho Harbour Barbour Asphalt company ono one 01 oneat tf If lime Die prominent factors in the time trust I Is II woh wel known 11 0 1 In Utah t having ho tried to 10 secure curo contracts for tor city I ravin raring In n nm the time past they wore defeated Hi H I by b tho the and the Pa Pacific 10 cUte I c Paving company It Is II reliably reported that the time Trust some Iome time ago secured control of ot thu rock mock ot of time the Asphalt company C f r St Louis whose plant Is 19 near Fort Duchesne und and whose stockholders tu tim II llulu some come 1018 well known Utah men mun Dut It Is not thought that this lilt concern wIlt will willbe I be lie seriously affected by the time Trusts fellow ns lS the time utmost the time receivers attn onn an ando do oo would be to soil tho time stock In possession and this it Is Mid ld time tha stockholders would buy huy The Time company represented by lIy 0 G F lr Culmer ulner formerly of ot this title city elty now of or Chicago Is II Central Asphalt and nn company a n Texas exas concern con rn of which lion Hon HOI C A Towne Iowne Is 16 president I It hits always been lIeen Independent of ot the tIme Trust The Tho Wasatch own com company Ci patty pany of at this title city ot of which Mr Cut Cul er Is la president Is 19 not nt affected on onway olt omme way or ho other na as lB It has Mi b been n lying MI M II t little or no business bus ness In fit 11 tins timEs slaw ta T According to tt the New York Herald time the causes which led to the time nil fall of ot the Trust were Ire Its Ita I failure to obtain a a mot me 10 of ot tim tho street paving business 1 Or n several large barge cities cites the enormous of ot an In army to guard Its Is t in Venezuela slid and time the high price It IL had to pay In to buy bu In competing commutating concerns The Time Herald HerRl says MYS I Ut ito I affairs are arc almost hopeless and gives the following summary ot of Its ls finances r I r |
