| OCR Text |
Show 1.1 NELSON ' I HIVES OPINION 1 m Hopes Big Cwfipaw'es Mean t Devafep jH Iron Mines M Fears it May Prove jH Hot Air M WILL NOT CONRICT WITH C. F. & I CO. H . H New Organization has no Option' on Any of the Important v, JH Ore Deposits iH "" "" " " - BBBfl. F. U. Nelson of the Colorado Fuel & Iron Co., who is in Cedar B City for the purpose of arrang- . H ing for the annual assessment on J $ H a group of three factions em- ")V !fl braced in the iron region con- jH tiguous to the Desert Mound s and known as the Hillman Fac: H tions.was seenday by the R-: - ' H obrd scribe and discussed very ,. ! plausibly the prospects for the , , immediate utilization of the '1 mineral deposits of this county, jH as published extonsively recently . ;H by the Salt Lake papers. H Mr. Nelson stated that he wA knew nothing of the reported al formation of a billion dollar , H company untilhe arrived in Salt , ,R Lake City last week. He at , , vlil once set about investigating the " ? Vil situaiton, and ascertained that . ; iil neither of thetlarge'corporatioha & ? lH talkedbfliaToBTained an bptloTi p': ' ' rA"yH on any of the important iron in- i H terests, embraced in the Milner, ' ' ' H Lurch & Dear holdings, the Cul- ' M len, Campbell & Ryan proper- ' M ties, and the Walker Brothers 'M holdings. And knowing that ' M they had obtained no option on the interests of his company, he ' M decided that there wuold not be ' sufficient to justify a company M of the magnitude spoken of pro- I M ceeding without any of these , )M properties. He therefore was' ' -M forced to the conclusion that the . j tM storie3 did not seem probable. M Another thing about the matter i that struck Mr. Nelson unfavor- v fl ably was that an aggregation of M big capitalists should give out so M much about their plans before plfl they had acquired the properties ' M that they would need, or at least : M secured options upon them. M Asked if there would be any . M coniflct between the interests of ,, M the proposed company and those i M of the Colorado Fuel & Iron Co., M Mr. Nelson said that there would ' M be none whatever. That the 'ifl new company would supply the " ,M coast trade, and that his com- H pany supplied an intermediate - M territory between the coast and t fl the eastern foundries. ' ' fl That they would be very glad, ,, H indeed, to see a company of the V H kind mentioned invade this field. i H That if anything of import- ill ance vas done it would necess- H itate the building of a railroad Si to the iron, which would be very I H convenient in case his company -M should wish to ship any of their H iron to Pueblo. j'-l Mr. Nelson expects to be in ! H Cedar City about a week longer . 4 J H and then return to Colorado. 1VH |
