The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-30
UTAH iron MINES
TO Be DEVELOPED
Colorado Fuel & Iron Company
Secures Mineral Point Mines
in Cache County.
EASTERN MEN ALSO INVEST
OLD MINE NEAR FRISCO TO BE
REOPENED IN NEAR FUTURE.

Utah now stands in the front among the
leading producers in nearly every promi-
nent mineral, and is about TO forge ahead
as an iron state. Silently. secretly and
steadily are the three adverbs which de-
scribe the manner in which outside COM
panies getting a footing in the state.
II is now admitted that the Colorado Fuel
& Iron company has secured valuable
iron properties in Cache county Min
eral Point, in Paradise canyon is one
immense iron deposit. This has been left
idle Tor nearly a quarter of century, but
is about TO undergo active development.
E H Wilson, representing the Colorado
Fuel q Iron company. visited the prop
erty mentioned some time ago, and since
that visit the Mineral Point property has
been taken under a bond Of 100000
From Logan news has been received that
a force Of several hundred men will be
put 10 work next spring. While nothing
can be obtained from Salt Lake sources,
1t is known that a similar agreement has
been made over the Lucky Star mine. To-
Gated on the same hill with the Mineral
Point mine. The first named is about
ECO feet lower than the Mineral Point
workings. L. r. Harr of Salt Lake. Newt
Farr of Provo and A. 9. Christian of I,o-
gan are the names mentioned in this con-
nection. 1t IS believed that an eastern
company Is back OF the Lucky Star leas-
ors. The terms made were almost iden-
tical with those made upon the acuuisi-
ton OF the Mineral Point mine. The mine
is taken under a bond OF $1,000 for nine
months and $4,000 worth of development
must be done before the expiration of
that time. The ore extracted is to be
sold and the proceeds placed on deposit
until payment on the property has been
made. Logan men who have been operat-
ing the mine have withdrawn. and prep
arations are now under way for the com
mencement Of work on a larger scale than
the Lucky Star has ever known.
Will Furnish Mills.
The Colorado Iron & Fuel company has
secured the Mineral Point. The present
holders Of the Lucky Star are not known
but 10 is generally believed that an east
ern company will furnish the money nee
essaTy 10 meet expenses of erecting the
needed buildings. Mineral Point is about
twelve miles from Hyrum. station on
the oregon Short Lines Cache valley
branch. The iron mountain Is also TWEEN
ty-one miles from Logan. An extension
can be built by the railroad company
from HyTum TO the mine at no great ex-
pense. The tracks can be laid over almost
level ground for nearly nine miles and the
grade for the remaining distance through
Paradise canyon is not at all stiff That
this road will be built is assured IL the
ficiently large
Owing 10 the steady increase i'm the
demand for steel and iron the big roll
ing companies are looking around for
good properties 10 furnish rude material
When r II. Wilson examined the Mineral
Point mines, he Immediately took stems
toward acquiring them This i'm itself
speaks for the quality of ne iron found
there. With the Colorado Fuel e. Iron
company and others drawing uDOn their
new holdings. Salt Lake will be benefited
as all consignments en- route from the
mines to the mills will be brought Ia Salt
Lake over the Logan branch of the Ore
gon Short Line. and from here sent on
10 PueDlo ana other frOn-mill points.