Evening capital news. (Boise, Idaho) 1901-1927, 1919-09-28
WINNERS ANNOUNCED.

HIS is plain statement Of
rlan whereby the people of Idaho
may obtain as good coal as comes
from the best coal fields of Utah, In
Carbon county, at cost.
To begin with, there Is money in coal,
and lots of it. If anyone doubts this
let him look at the tremendous and
highly financed organizations of the
coal CONDIMENTS costly sales depart
ments, it's electric and other advertis
ing and publicity devices, running into
the thousands and thousands that the
public pays for. So anyone interested
in q good coal mine can make money.
BUT OUR BUSINESS IS TO GIVE
THE PEOPLE WHO ARE INTER
ESTED WITH US COAL AT ABSO-
Lutte COST IN THE ABSENCE OF
ANY OTHER PUBLIC METHOD OF
DOING 1T.
LEASE ON 10000, 900 TONS.
The Mutual Coal company is a Utah
corporation. The corporation laws OF
that state are extremely strict. The
men behind this undertaking, and nota-
bly, Fred j. Leonard prominent bust
ness man of Salt Lake, whose standing
financially and otherwise may be OBJ
tanned by reference to the Walker Bros.
bank or the National Bank or the Re-
public, Salt Lake, or any other Salt
Lake bank, secured from the state of
Utah perpetual lease on over $40
acres Of fine coal land, tested by dia-
mond drills and otherwise to show
minimum tonnage of 10000, 900 tons of
first class coal, such as Is being deliv-
cred in this territory now at around
$1,000 a ton. This lease was obtained
on the promise of public benefit.
permit was then procured from the
Utah securities commission, which
holds the company to provisions that
renders 1t impossible for any promo
ton stock or any such expenses are
connected usually with such an under
taking.
NOW READY TO DO BUSINESS.
The company has it's trackage and
loading grounds provided, it's tram To-
Gated, its tipping terminals arranged
everything, in fact, in readiness to
open the mine, which lies on the Den
yer e. Rio Grande.
It is capitalized for s250,OOO, a small
Z amount considering the value of the
property. Any old line coal company
would have capitalized it for a million
THIS COAL PROPERTY WILL BE.
LONG TO THE STOCKHOLDERS OF
THE COMPANY ABSOLUTELY. The
stock is for sale at so share Con pay
ments to responsible parties If desired)
which is par, AND EVERY SHARE
OF STOCK ENTITIES THE HOLD.
Err TO TWO TONS OF COAL
YEAR, AND NO MORE, AT COST.
1t will cost the company $1.65 a toI
to put the coal on the cars. This in.
cludes the contract price with the min
ers, the small overhead. cents a tol
royalty to the state of Utah, per cen
on the stock and cents ton royalt.
to Mr.. Leonard and his associates TO
their trouble and expense. AFTER thu
stock Is made to pay per cent divi
dends or more. That is a requirement o
the Utah securities commission.
Undoubtedly this stock will doubl,
and treble In value, but aside from
that, those holding 1t will get thei
coal at cost. which in this territory
will be:
Coal on board cars at mine,
per ton $1.65
Freight, including war tax. 1853
Total. per ton. .$6.1S
The cost Of delivery from the car
will not exceed 81 ton, making abou
e7.25 q ton for coal. for which the cos
combine charges OVER THREE DOL
LARS A TON MORE. Delivery 10 Il
! Mutual