Show mm NEWHOUSE PLANS POWERFUL BANK Eastern Capitalist Said to Have Subscribed To Toward Toward Toward ward the Enterprise HE INVESTS HEAVILY HERE NEWHOUSE NOW IN EAST TO EN ENLIST ENLIST ENLIST LIST MORE CAPITAL Negotiations e are now under tinder way which will lead to the establishing of oC a 1000 COO cro banking house In the Newhouse build building buildIng ing Ins On Friday Maertens a wealthy wool and cotton manufacturer of Provi Providence Providence Providence dence R n L I who has already invested largo large sums in Salt Lake real ical r al estate and Utah mines entered into a conference with Samuel Newhouse with regard to 10 the establishing of ot a bank to be located in inthe Inthe Inthe the Newhouse building Mr Ur Maertens made mad a proposition to Mr 11 In which he ho stated that if It Mr 11 Newhouse would establish a bank with a capital of or and a surplus of ho iio would take of oC the tho stock of ot the tho bank und stood ready at any time to produce a II certified check for tor that amount Mr 11 Newhouse took tho the matter In hand and arid left at once for Denver and am the east cast for tor the purpose of oC raking raisins the ad additional additional capital Mr Ir Maertens stopped In Salt Lake on his lila way wa east cast from front om the tIme Yellowstone park and has announced his Intention of buying a homo home in Salt Lake Luke He lie has just com coni completed completed negotiations for the control of the Northern group of oC claims at Rawhide for Cor which he paid In cash and has also made mado extensive investments In Mr Maertens is the most noted wool expert in the world and is III rated in Bradstreets and Duns at more than He is the inventor of a process for the manufacture of ot cotton goods and receives a royalty from froni nearly every cot cotton cotton cotton ton mill In the United States He lie is a n Bel Be Belgian Beglan gian glan by b birth but came caine to the United States Slates at an early age The Newhouse building will be he completed ed about Jan 1 and the bank it Is In Intended intended tended will open Its doors d ors for tor business at that time Ume Mr Maertens was the first man to util utilize utilize ize the grease extracted from raw wool From Front this grease the company of which ho le is the head hend manufactures a sheep dip which It Is lt claimed Is an absolute preventive tIe thc of scab seab He will vIli open offices In tho the Judge building in tho the next few fe weeks which will be hO In charge chare of Ernest Green his consulting engineer until his return to Salt Lake |