The Sun. [volume] (Price, Utah) 1915-1932, 1918-08-16


II secretary william q. McAdoo Of the
treasury department has In hand full
plans Tor the proposed development
Of iron aud steel resources OF Utah.
and II ready to put the project square
/ b up to the war finance board with
the recommendation that the board
advance ten million dollars for the
enterprise. 60 which viii he added an
equal amount 10 be advanced by
Western capitalists The project will
also call Tor the building Of twenty
miles OF railroad from Cedar City In.
o. the iron Fields of Southern Utah.
The United States railroad admins.
,ration viii be asked 10 make that
. xtension of IL lines. Erection IN Salt
Lake city 81 q steel plant with fifteen
hundred tons capacity " included In
the gigantic industrial plan. There
win also be- established q merchant
bar mill and byproducts plant on the
shores ~ Utah Lake " the war fin
nnce corporation approves the prof.
pct Secretary McAdoo carried the
plans with him when he visited
Chicago recently On his way back 90
Washington. y. e.. from the West.
They were presented ~ him by the
federal reserve bank ~ San Francisco.
acting On behalf uf three hiE mining
Interests 1T Utah aud Colorado. Tho
three iron ore Interests plan To COM
hin" In opening ~ the great Southern
Utah iron ore deposit. located hut
twenty miles from the main line hc.
tween Salt Lake CitN aud Pedro In
the shipment 1T M, finished product
u u planned ~ Use the port IT los
Angeles 90 san Pedro hut six hundred
miles from the proposed place Uf ere
production.
Thomas o. kccIcy Talks.
one ~ the men Interested In the
project b. Thomas y KeeicN. we'll
known Chi,aRu capitalist Admitting
that the government authorities have
the project under serious vunsidcrn-
tgun. K"ci.y last Monday said the hig
object behind the venture H. e. give
Lid a. the shiphuiiding program On
the Pacific coast. uH well ns o. take
care ~ the tremendous demand FOR
steel from Japan and the Orient 10
fat the project has reached the stage
~ an application made hy the three
iron orc Interests through the san
Francisco reserve hank. II was only
preached ten days ago and necessarily
there has been me- opportunity Tor a
reply Secretary McAdoo was fully
advised of the situation when he was
IN the West. he being particularly In
tcrestcd la the railroad features.
Under the plan property Interests
nf the Southern Utah Iron company.
the Miincr estate and those 81 Walk.
al Of LII H..
city. would be Joined. corporation
being organized which would issue
/ $40. 600. 900 81 bonds We have asked
that the war finance board take tiO.-
0o0. 600. aud We win finance the other
SO. ooo. 600 II would give 60 the
West something II hasn't Eot-a steel
plant-and u would mean the utilisa-
ton OF probably ono Of the greatest
and richest ore fields In the world.
The ore can be taken from the field.
witch n fully ten miles square.
through open mininE using 81 a
fteamshovel. Il hasn't been touched
before. except through little work
done by utahns both because u hasn't
been convenient 90 the coking field
and also because the building 81
twenty miles of railroad 20 connect
with the San Pedro going up 10 Cedar
city ~ necessary. both 81 these ohiec-
lions are now easily overcome. a. the
Utah Fuel company nov has a two
thousand ton daY coking plant AZ
sunnyside. and with the government
In control of the railroads the track
agr needed o. furnish transportation
can be- easily obtained"
Fields Are Enornou-.
The production possibilities of the
field are enormous, being practically
inoNhaustihle and measuring up 20
those 90 the Mesaha Range The
grade OF ore Is 10 Co rs per cent bet
ter than In the latter fields, The ac'
feasibility 10 the Pacific Coast ana a.
the Orient u Also a big factor. los
Angeles being hut siN hundred miles
away. II II but two hundred and sew
snty miles 90 Salt Lake city, where II
Is contemplated the big steel and by
products plant will he located, The
Interesting 81 outside capital aud the
federal authorities In development of
Utah's vast iron resources h. generally
regarded as the first definite step to-
ward the realization OF dream that
has been Utah's tot many years, The
war demand for steel has added i'm
petus Ca movement that had pro-
ceeded but slowly Since there APP
peared a. bee a possibility ~ achieV-
ing success, Uahs congressional del
egation, headed boy United States Sem