Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-07-01
At Least Information from Denver
Indicates as Much.
SAID TO BETTE REAL POWER
III Utah Iron and steel Project sena-
tor Clark's Name rqentioned-Tbo
knntsford Conference.

which enterprise, It Is said, State Sen.
ator A. Il. Lewis is acting as agent.
II is apparent from what the Denver
paper has to say that the power be-
hind the throne in this enterprise IL
John c. Osgood. who. last week. 70.
tlred from the official head Of the Colo
fado Fuel 4 Iron company, The Post
says. -,
Charles G. Parsons, lawyer in the
Boston building, is In Utah perfectlng
the organization Of the Utah iron &
steel company II is said that from
this company viii spring gigantic
combination headed by John c. Os-
good, which VIII prove rival to the
Colorado Fuel & Iron company In this
big combination, 1t is said, will be
Frontier Steel company, capital ST.
VO0VOO, Owns 200-acre site near. Dem
yer and extensive coal and iron de-
posts In Routt and Rio Blaneo eoun-
ties Colorado.
Utah Iron and Steel company. CAPT.
tai t2b,O0O,000 owns vast coal and iron
fields In Utah.
Northern Coal and Coke company,
capital 100000. owns great coal mines
in Northern Colorado
victor Fuel company, capital $780,
GOO. owns extensive coal mines.
Carbon Fuel company, owning coal
mines In southern Colorado, and
backed by the American Smelling and
Refining company.
John c, Osg0od and associates own
coal and iron fields in Colorado and
New Mexico.
"The Utah company win have
capital of So OOO, 900, with an independ-
ent system Of railroads. Senator VIII
liam A. Clark Of Montana and Senator
A. b. Lewis of Utah are interested I'm
the company Extensive coal and iron
fields have been taken In by the COM
pany. Lewis Is president of the Royal
Gold and Copper company Of Utah,
and Is interested In the Majestic Cop
per and Gold company"
THE Frontier company, which Is in
cluded is backed by David II. Moffat
and his associates. The company owns
a site near Denver and owns vast coal
and iron beds In northwestern Colora-
do. While its capital is only 81 600 900,
II has almost ineXhaustible money back
Of It.
While the Northern Coal & Coke
company Is included, this is denied by
those interested in the company. How
ever, II is said that 1t Is contemplated
as one Of the strong companies, II
controls the Louisville. Erie and other
northern Colorado coal fields, and aside
from the Colorado Fuel & I'm com
pany is the largest coal and coke com
pany in the west.
THE Victor Fuel company ls said to
be practically owned now by John c,
OsgOod
"There is little known OF the Carbon
Fuel company at present. The smelt-
Ing trust is said to be back Of IT, It
Is said that in the big consolidation the
smelling trust viii be an important
factor, but as the Carbon Fuel com
pany, and not the American Smelling
& Refining company The Carbon COM
Dany owns extensive coal properties
near Agullar and has for some months
been buying in coal lands in south
EASTERN Colorado and In New Mexico,
The holdings are said TO be much more
extensive than is generally believed.
into this giant combination would
,ome the iron and coal holdings Of the
trust in Wyoming and the eX-
ensive holdings of John G, Osgood.
Nobody knows what the iron and
,oal holdings OF Osgood amount to-.
iaid business friend OF his today
That they are very extensive Is known. |
For years he has been making invest |
nents outside Of the Colorado Fuel a |
ron company, knowing that eventually |
he would be forced out.
"Osgood will never play second iid- |
lle In the proposed big consolidation |
If interests, II II goes through, he viii |
De the dominant factor and his policy |
win rule He has made the Colorado |
fuel g. Iron company what 1t is to-
lay. Naturally he is wrought up that
I has been taken from him. and you |
mark my words, that he viii be big |
horn in the side Of the Colorado com
ANY. Rockefeller and Gould viii find |
nut that he cannot be stamped into the |
round like some Of their competi-
ors.
"'If Osgood's big consolidation
cheme goes through he win produce |
formidable rival for the Colorado
ompany in few years. He ~ now In |
iis prime and good for thirty years Of
ctlye business life. You may rest as
,lred that he will never be happy until
Ie has administered q lesson TO those
men who have had money sufficient TO
verthrow him,
"The question OF locating the pro-
,osed big steel plant has not been set
led. Water Is the important question.
he Colorado Fuel Il Iron company at
pueblo uses more water than does the
itv OF Denver. Those interested, |
owever, assert that there are several
laccs In Colorado whore there can be
ecured sufficient water for a plant
/ Is said the plans are 10 build IN Colo
ado and the Frontier site near Den
or Is credited with being the one most
avored
Friends Of Osgo0d say that he has
anticipated the time when he would
Q forced out OF the Colorado Fuel &
ron company and that he has, there
lre. evolved his future plans He has
aid that n he were forced out OF the
oloralo company he would not stay
vt Of the business very long.
"The consolidation scheme is denied
y many. hut il II known that q Is
m the FIRE and that Osgood Is the
rowing spirit The combined capital
'Ould be S500OoN0 or equal 10 that |
T the Colorado Fuel & Iron company"
The mention OF The name Of Senator
Y. a. Clark recalls the fact that dur
X his recent visit to this city he was
.aited upon no the Knutsford hotel
y committee consisting ~ number
( the principal owners o. iron lands IN
on county. The object Of the COM
littee was not only TO get the assur-
nee of the Montana senator that the
alt Lake route would De built into
h. iron diS.-i.'- h't' 10 also endeavOr
get Mr.. Clark personally in'
the iron and coal lands Of that re-
ION and lay plans Tor the organization
O gigantic company something along
be lines that the new Lewis company
80 be-.