Show t DP IT SEEMS from a telegram in this j ei If > mornings HERALD that the evils of overcapitalization of mining companies 9Hi com-panies have baen felt in New York I as well as in Utah This thing of capitalizing a 1500 prospect for v 10000000 will not do and the sooner miners discover the fact the r J better will it be for tho mining industry The companies in New I 6 York are discovering the folly of the j business and our dispatch says are T thinking of reducing the capital to something like reasonable figures E 0 One oi these days tho Utah mining people will come back to their senses and say tho HERALD was right in I c 1 f 15 protesting against the recklessness that has prevailed in the important industry |