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Show HAL COAL COMPANY. PLANNING ' I BIG THINGS FDR CARBON COUNTY I OGDEN, Jan. 2a. Plans for the initial development of what is H declared to be one of the richest coal properties in the Btnte were H announced here today by officers 0( the Crystal Coal company, H owners of four hundred and fortyacres of coal land in Carbon H county. Arrangements have beciycompleted for the snle of $2G0,- H 000 dollars worth of bonds, andliLContract haj been awarded to the H Phelps Construction company of Idaho for Installing the first min- H Ing equipment, which will include one and a half miles of tram line H to connect with the Utah railroad. H The deal having to do with the sale of the bonds and awarding H of the construction contract was consummated last night when H stockholders of thu company held a meeting with E. L. Phelps, H president and general manager of the Idaho company, in the office H of William II. llceder, Jr.,'attorney for the company. Phelps rep- JH resented Idaho capitalists desiring a coal connection in Utah, and H his offer to purctmse 2r0,000 worth of first mortgage bonds on H the extensive coal properties proved satisfactory to the patent H owners. The identity of the Idaho interests purchasing the bonds H Iuih not boon trmriii mihllc. H Among otlier things It is stipulated that virtually all of the H money derived from tho bond issue shall bo expended for a first- H class mining equipment, including electrical apparatus through- out. Although the equipment will bo more extensive than this H figure indicntos, tho contract provides for an initial daily capacity H of six hundred tons of coal when tho mine Is turned over to the H tonipany by the construction firm. The contract also provides H that the Phelps company shall start Work as soon as weather will permit, tho mine to bo in operation by September 1st of this year. Tho liierost8 represented by Mr. Phelps have already contract- ed for five hundred tons daily of tho initinl output of the mine, ac- cording to Attorney Rcedcr The owners of the coal properties have invested approximately $75,000 In tho project during tho past five yenrs, and will hold a large block of the stock after the prop- city has been developed. According to the owners of the four hundred and forty ncre tract, the property embraces five veins of S (.oal, one of which is twelve feet thick. The coal is also said to be of the best grade to be found In the state, and has been proven unci or test to be of special value in case of storage, W. I. Norton, formei chief of police in this city, is president of the company owning the conl properties. Tho other officers are Charles Gosling nnd Joseph Williams of Ogden, vice. presidents; Chuiles M. Croft of Morgan, secretary Frank Pingree of Coal- ' ville, treasurer; Ben Critchlbw and D. S. Tracy of Ogden, George w Taggnrt and George S. Helner of Morgan, directors. ' I |