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Show MM CO. . K Old Capitol Petroleum Fuel & Iron E Company Preparing-for Con- , struction. of, Road., I LONG HERALDED LINE i - FROM LUND TO CEDAR F ' Importance of Branch and Resour- I ces of Country That Will be r Developed Dwelt Upon by Salt r Lake Daily Newspapers. r (Salt Lake Herald, Feb. 28.) f Driving an open wedge of develop- ment in vast iron and coal deposits , timber resources and assuring expansion expan-sion of catle, sheep and agricultural industries, thirty-five miles of railroad rail-road will be constructed from Lund on '. tho Salt Lake Route to Cedar City, i Iron county, involving expenditure of v $500,000 in Iron and Beaver counties. Application has been made by tho Old Capital Petroleum Fuel and Iron company to the public utilities commission com-mission for a certificate of convenience conven-ience to construct tho line. Tho application ap-plication is signed by Abe Mecking, ' president. The date for tho hearing is r not fixed. ' That tho branch line is positively Y assured was announced yesterday by one of a group of prominent Sale Lak- . ers, promoting the project. He said that ample capital is pledged by New York financiers. j New Yorker Is Coming. " Thomas Glaze, representative of the New York financiers, will arrive in Salt Lake in two weeks to go into conference with tho Salt Lake men on preliminary details of tho actual con- f -struction of the railroad, according to thd local informant. 'IK7 been pending several months. Local W promoters have asserted that the road j building was being held in abeyance r .awaiting more favorablo conditions, i '.'The road into Iron and Beaver - counties, which is being promoted by s Salt Lake and eastern capital is a reality," declnrcd the Salt Lake in-r in-r formant yesterday. "We arc now awaiting the arrival of the representative represent-ative of New York men who are inter-'. inter-'. ested in tho improvement.." It was said recently by a local man that actual construction would begin i within sixty days. It is anticipated nt least, that the constuction work i will be well under way this summer. ' ' Territory Very Rich. Opening up a virgin territory, a ' large area of richest mineral deposits in Utah, making available utilization : of hardy timber resources in lnrgo quantities and providing opportunities j for broadening out of sheep cattle and agricultural industries, tho branch railroad will bo a real factor in the progress of Utah. vGovernment reports dcqlare .that , Iron county has greater iron nnd coal deposits of fine quality than West Virginia and Pennsylvania combined. ; Lumbermen assert the footage of tim ber is extensive in Kiabab forest, adjoining ad-joining the National Park. At Cedar City, tho terminus, tho Branch Agricultural College is situated. situat-ed. The new road will have many short branches into tho richer territories. Builders to Promote. It is understood the promoters of tho Lund-Cedar City Line will undertake under-take the development of tho most of 1 tho undeveloped resources, nnd will to-opcrato with industries, entering tho new country. It is possible tho Tron County Coal company, which is now in tho hands of receivers, will rc-sumo rc-sumo operations. Tho recievership has never been completed, presumably presum-ably because of the contemplated railroad rail-road construction. Fifty acres were acquired for these mines two years ago, but deposits there have never been worked.. In Salt Lake the names of Thomas St. Ledger, former secretary of tho 1? Iron County Coal company; Prof. J. J. McClellan, Dr. C. F. Wilcox, Abe Mecking nnd George Morgan are mentioned men-tioned ns promoters of the road. Mr. Morgan denies he is interested. The backers are chiefly thoso who were interested in tho Old Capital Petroleum Petrol-eum Fuel nnd Iron company. Development in tho region to bo opened up will be enhanced by tho , lnrgo plant of the General Electric company. |