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Show M HILL ON UTAH IRON. B President Jiunoa J. Hill of tlio 1 Oront Norlhorn and tbo 'Northoru H Pnaiflc, lina just oonoludod his great M dual with tho United States Stool H Corporation. Ho soils to thnt oon- H corn, for tho amount stated at four L hundrecd million dolJarp, his railway BH cotnpauios' lion deposits.. Uo sold H for tho stoolcholdors, bouofltlug him- H self not at ull othurwlso than in tho H .( capaoity ns a stockholder. Tho laud H iu whioh tliis iron oro is found camo H V t9 his oompunios for a moro nomlnnl H I piico, not above 81.25 nn noro. Tho H I oatlmato of oro contained Iu tho laud ffJ sold to tho stool corporation is about M J a fivo hundred million tons, or enough H ' ' to supply tho total domrtnd of tho B J Unitod States for iron oro far ton H years. M ' Evidently, from a talk whioh Pros- H $ idont Hill gnvo out in Now York, ho JBV oousidors tliat his holdings of iron H oro ground, whloh ho has sold ns !H stated, oouiprisos tho only gront do H I posit there Is. Ho bad not lost sight 'I of tho groat doposlt in Iron oouuty, ' Utah, either, fur ho ioforrod to it In j n slighting way. Hero is tho, way ho J Unreported by quoatiou of tho ropor- h- '( " V ' "JJorJ, nnd his nuswor: H 1 1 "Haven't you oornored nil the H , ( (' iron oro? Is tboro nuy to bo fouud H ) -sr olsowhoro in uny quantity in this H ' p oouutry? B "O, yos. Thoro's boraothlng like H, , 70,000,000 tons In southwestern H ' Utah. That would last tho United H states around ejghti'eu mouths." h B I ily. Apparently ho dldnt regard tho H I ! Utah mlnos, or any othois, as sorlouB B competitors. '' It was all vory well, of courso, for M -Prosidont Hill to magnify hlU hold- H ings, and doproolato all other iron H A deposits. That was his businoss, as H ( n holder of Jiou lauds, nnd n sollor. B J liut tho remark ho made provs that H ' 1' ho has not soon tho iron doposits of H southwestern Utah, and that ho do H ' ponds upon imperfect roports about H . thorn. Elthor that, or elso ho wil H fully dopreoiutod thorn in order 'to H magnify tho importance of his own B holdings. For, tho foot is that tho HHY iron doposits of Iron county, Utah, H omhruaes nut ores, but mllos;aud thoy H compriso not merely n surfaoo, . but B . wholo rangos of hills that nro all H it iron oro of good quality. Instead of HH ' his doposits boiug seven or oight M , times as largo as tho Utah doposits, H J tho fact will probably bo found to bo m '& tho rovorso; that tho Utah doposits M r nro 8OV011 or oight times a largo its M thoso whioh Prcsidont Hill owuod. H They may bo twenty or 11 hundred H - 'times ns groat, for no 0110 knows their 3 t Burfaoo oxtout or thoir dopth. Our 1, own opinion is that thoy nro n tro- M w moudous blow out for tho Silvor Tcof 1 i donosits. and that thoy extend tor B I fulI-5 three thousand feet in dopth, with n probability of silvor and cop- V x por uudoruoath. V7 Tbo faot that Utali iron doposits m have novor in tho least boon explored, R but fctaud out hmzo nnd rich in tho H metal and nro of unknown length, H hroadth, and depth, mukos it ra very bad form to refer to thorn ns of oon- H tomptlblo extent. And tho lion B oounty doposits are by no meaus nil PPJ thnt wo have. Salt Lake Tribuuo. |