Evening capital news. (Boise, Idaho) 1901-1927, 1919-09-28
NEW SYSTEM FOR
HANDLING Of COAL
IN SOUTHERN IDAHO
Company That Sent Represen-
tatives Before Council Ready
to Get Quick Action on For
warding Cheaper Fuel.

A complete change in the manner of
handling coal in this territory is prom
Used In the future through the activity
of the Mutual Coal company, having
proven coal property in Utah with a
minimum of 100000 tons and equip
ment ordered, subject to the approval
of the stockholders, of sufficient ca
pacity to mine 1000 tons n day.
Under this plan coal will be laid
down in this territory at the cost of
mining it, plus small royalty, per cent
on the capitalization, which is only
$3.50. 900. To this cost is added the
freight rate.
The company announces it will lay
down coal to its stock holders in this
territory at around 1925 a ton, f. o. b.
railroad, station, or around 1925 ton
delivered at the premises.
Offices for southwestern Idaho are
in the Boise City National bank build
ing, room 304. The companys refer
ences are Walker Bros. bank and the
National Bank of the Republic, Salt
Lake.
At the company's headquarters the
following statement was given out yes
terday:
CARDS ALL ON TABLE.
our cards are all on the table, face
up. Mr. Leonard, the head of the COM
pany, is vouched for by any bank in
Salt Lake. There is nothing in this
for him. as he, too, must buy his own
stock until the stock is earning 6 per
cent dividends, when he will take .
cents a ton royalty.
THE stock will earn 6 per cent and
more, because, after our stockholders
are supplied we will have coal for
others, but at higher price.
Moreover, the stock will increase in
value from the known value of the coal
in our lease.
IF OLD COMPANIES COME DOWN.
I'VE could promote the compare
lively small issue easily by going to a
| few men of wealth, but we would then
| have the same old price for coal. I'm
| der our plan there will he no large
stockholders and no big melon cut
| tings, but coal will be cheaper-much
| cheaper than the coal trust asks and
will continue to ashland we will make
a reasonable dividend on our stock
and have behind it, without bonds or
debentures or any incumbrance, coal
mine worth great deal more than our
total capitalization, fully equipped and
operating to the tune of 1000 tons a
! day.
| III the coal trust comes down in its
! price well and good. We will be
mighty well pleased. 1t cannot COM
pete with us under any circumstances
and make dividends for its stockhold
ers, because of its bulky financing, but
| even if it could we would have done a
| big service for the people and we
meaning Mutual stockholders, would
have had cheaper coal in the mean
time and for. our life time.
| Moreover, any reduction to fight us
would be an admission of the excess
| sive prices the coal combine Is charg
! ing"
PLAN OF OPERATION.
| The plan of operation is to open the
properties through "a popular STOCK
| sale at SO share, leaving control OF
! the company in the hands of the stock
| holders. Each share of stock entities
| the holder to two tons of coal a yeal
! at cost. The stock will be accepted
as security for coal payments if de.
! sired.
| The company is now ready to opeI
up the properties. having its surveys
completed tipping grounds and extr;
tracks provided for loading purposes
The output will be 1000 tons a day
half of which is available for Idaho
The company's property is on the Den
yer d Rio Grande in Carbon county
| Utah.