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Show DEVELOPMENT OF WAYNE COUNTY. Denver and Local Capitalists to Build Railroad From Marysvale. Salt Lake, June 22 Plans bave been perfected for tho development of Wayne county's llmltlesB resources. Not only th.s, but within ten days a party of surveyors will tart out from Marysvale to make a reconnaissance of the country, with a view to building build-ing a railroad to Loa, the county seat of Wayne. The Colorado-Utah Mines and Oil company wds organized eomc weeks ago. and slnco then the men behind the project have been perfecting their plins bo that now all Is In readiness I with ample capital assured and details I outlined for the carrying out of the j company's plan. ! At a meeting of the board in this I city J. F. Chldcster and J. II. Erlck-i Erlck-i son of Richfield were elected as dl- i j rectors for Utah. An office in thla I city has been established and Loa will be general operating headquarters. A ! well will be sunk Immediately between be-tween Torrey and Kanesvllle, which will be the initial development of the , oil properties. Other Development Work. Other developments will be in tho interest of known deposits In the county of gold, silver, copper, lead, manganeso, gypsum, uranium, coal, chalk and cemenL Tho plan for tho railroad, as soon as a route is fully secured, will be to apply for right of way over government gov-ernment lands and purchase from Individuals, In-dividuals, The company has already successfully closed all financial negotiations ne-gotiations and is now advertising tho county In London and Paris as well as throughout the east by a descriptive descrip-tive booklet Just Issued. Preeldent A. C. Burton and Secretary Secre-tary George C. Weber of Denver have come over for the fourth time this ytar to complete local details and leave Wednesday for their borne, after af-ter a most satisfactory meeting with IocpI directors and others interested. They will be back shortly to push the development work and to take further action In the railroad matter, which will bo held in abeyance until i the report of the engineers. The news will be hailed with do-light do-light by all residents of that county, which is now on the eve of the real-l7atlon real-l7atlon of years, tho development of Its natural wealth and the first steam locomotive to cross Its borders. |
