OCR Text |
Show CALIFORNIA CAP-ITAKMING CAP-ITAKMING Party Interested in Green Coal Properties Due Here Next Week to Sec Mine. LOOKS FAVORABLE FOR EARLY DEVELOPMENTS Entnnglcmcnta That Have Tied up Property Being Straightened Work May Start Soon. A party of California capitalists irf-totcstcd irf-totcstcd in tho development of tho 'jreon coal properties nro duo to arrive ar-rive in Cedar City next week for tho purpose of going over tho situation with the Doctor, and nrriving nt Borne satisfactory basis on which tho property prop-erty can be dovclopsd and tho prod-jct prod-jct placed on tho market in commercial commer-cial quantities. For some time past tho property has been tied up in litigution, and tho aerial tram and other equipment that was to havo been supplied tho early part of tho present year has not materialized. ma-terialized. This litigation, however, has now been settled, tho doctor informs in-forms us, and ovorythlng seems favorable fav-orable for tho carrying out of tho original or-iginal program of developments in tho early spring. Tho doctor has a .-tending order for 600 tons of the oro per day by one of the steamship ompanics on the coast as soon as transportation facilities nro afforded and tho mine equipped to supply a heavy tonnage Besides this thoro is a largo local consumption of coal, nnd iach year this is incraasing, so that :thc--minw6uldoa9ubp.aX;"hand Jomo dividends, oven if no coal wero shipped out of tho southern part of this state. But everything indicates that a branch railroad will be built next year between this placo and Lund, which will goIvo tho problem of transportation. Tho proposition is highly fcaslblo, anil tho question of ionnagc is said to bo tho only con-jidovation con-jidovation now with the peoplo be-lind be-lind the move. With the deep ledges m this particular property, it ought lot to be a sorioua consideration; but mould it develop to bo, there, is no luestlon about obtaining all the coal in this locality that tho coast trade can consume for hundreds of years to come. The veins extend practically all through tho extensive range of mountains east and- south of Cedar City for many, many miles. We trust that it will bo only a mat-tor mat-tor of a fow months now until this :ounty will bo supplying tho coast trado with all tho cheap coal and iron they can mate use of, and wo will bo amploying a small army of men in its production. Dr. Grcn is not fully advised of tho personnel of the party that is coming, but knows that it will include certain prominent figures of his company, who are strongly interested in seeing tho project carried to a successful (inclusion. |