Show TO REORGANIZE KNIGHT FACTORY I Plans Include Increase of Capitalization Capitalization Capitalization Cap Cap- of Woolen Mills to SI 1 With the tho establishment of or a Jobbing house and salesrooms In Salt Lake there will take place a a. reorganization ot of tho the Knight ht woolen Mills company at Provo The capital of the concern Is Isto to be bo Increased to and the mills will win commence the manufacturing ing lag of cloth for the western trade aswell aswell as aswell well as for the eastern trade trado T T. L L. Boone an eastern woolen goods man Is Js Interested in the thc reorganization of ot the Knight ht Woolen mills and It is through his connections In Now New York and Boston BOHton it is said that the finances for the tho reorganization were obtained While all of the tho details have not nol asyet as asyet yet et been completed It Is expected that the reorganization will be successful successfully carried out within the next week or orton orten orton ton ten days Mr lr Boone has been at the Provo plant for three months looking over the tho situation and Is satisfied that thata a woolen mill In the Intermountain mountain country should be a paying tion W W. Lester Mangum T. T N. N Taylor J. J Will Knight of Provo Prove and E E. P. P Ellison of Layton have been selected as a committee to issue a public statement regarding the reorganization of tho the Knight Woolen company While the committee refused to give out anything pertaining to tho the reorganization t tf bC f the company It was asserted by by Mr Boone that In all aU probability Jesse Knight would be he elected president of or orthe the tho new company More than has been expended on the mills In Improvements Improvements improvements Im Im- im- im since Mr Boone became connected d with tho the business Mr Boone has been connected with th the sales end of lar largo e eastern mills and It Is B understood he has asserted that with proper r sales methods the woolen mills can be placed on a paying baa basis la |