Deseret Evening News | 1903-01-23 | Page 2 | Last Day of Grace

LAST DAY OF Expiration of Option on lug Iron County Count Deal This Is l the lie last day of grace for the tho syndicate to come forward for forward ward with a payment upon the option executed scale time lame ago with Cal Col S II M liner Jones anti and others for their interests in lit the Iron Iran land of IVan Iron county and amid time tho coal lands of Emery county Up lip to 3 this afternoon no worth word had been received from limo tho east cast indicating that the pay payment ment would bo b made that being the close of banking hours who were to t In the payment had about reached the conclusion that lint time the Penu hind had concluded to let the option lapse nf if coume tIme the time timmie limit does not ex cx expire plo pire until midnight tint but It vas WOH thought that If time the holders of time the option hind luid any other Intention than lisa that of drop dropping ping cut of the tho Iron business the lie pay payment ment would have been authorized be before before fore this the banks closed Time The syndicate has ex ox expended lIke In iii the enterprise which of course becomes forfeited f the tho option lapses Col Mil Mi Milnet Minet net anti and associates n were paid tali JW o out nut of this amount The lapse of time the option will give the opening of or tim tho iron mines of the tho state another setback which Is much to bo be deplored fot mI It woe was expected that this year would witness the tho beginning of time Die building of great Iron reduction works