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Show IHJ EXPECT TO DEVELOP UTAH IRON FIELDS Grand Junction Colo.. Nov 16 Rol-la Rol-la E. Clapp. a Chicago man. is repre sentlng a synd'eate comprising eastern east-ern and European capitalists which is said to have millions for projects of western development among them a railroad from Grand Junction to San Diego Clapp is hero arranging for terml rials H W. Huttig, president of the La Salle bank of Chicago, and Herbert A. Parkyn. a wealthy physician physi-cian of Chicago, are interested In the enterprise, according to Clapp. who sa8 a powerfui corporation will be organized. Clapp also says that in the past seven years hundreds of thousands of dollars have been expended by the syndicate In making surveys and investigations for the proposed road in Colorado, Utah, Arizona and New Meiico and that the company Is now prepared to go abead. The line will tap the big coal fields of western Colorado and of Utah as well as the big iron beds in Utah and the silver and uranium mining prop erties In this state, which are not worked now because of their inaccessibility. inac-cessibility. The western terminal of the line will be at San Diego, and according to Clapp. it will bo possl ble to ship Colorado coal into Call fornia to sell at less lhan $4 per ton, as against the present price of $G.f'0. The syndivafe has obtained option on the iron beds in Washington county. coun-ty. Utah, and tests made show ore averages av-erages of more than 60 per cent M hematite, which Is used in the manufacture manu-facture of Bessemer steel. Mr. Clapp says the company plans to build stepl mills for the manufacture of Bessemer Besse-mer steel and he says the Utah fields are larger than the Minnesota depos its The proposed road will be I8O11 miles long, and will cut off 500 miles between Chicago and San Diego. |