Show BIG COMPANY FORMED t Wealthy SyndIcate Will Operate In Utah MineS j I I FAR REACHING PLANS or I I COPPER STRIKE RElORTED IN AMERICAN FORK CANYON I hicago Men Confident They Have a J World benter There Boating Lion In Park City to Ce Operated AgainDalton Lark Den Is Still Hanging Fire For the Dast several days a gentleman I I gentle-man representing a powerful syndicate 1 of eastern capitalists has been In close L consultation with Glll S Pe ton arranging ar-ranging the details of organization of 11 r big mining investment company which f e 111 operate In Utah and other mining t ections of the west Regarding the scheme Mr eyton said yesterday that preliminary action had been taken during his trip cast last sprIng and now a plan of organization I t had been practically arranged and the eo1npan3 would be ready for buslnes I inside of thirty days The company wm be Incorporated for 5000000 with I hares of a par value of 100 each and the object of the company will be to f secure control of such mines and mln 1ng company stocks s the corporation decides will prove paying Investments e A neavy percentage of the capital stock i has alrady been subscribed and Mr I Peyton declares that by the time the t company has secured Its charter It will be prepared to hop onto anything good in the way of mining propositions f either In Utah or elsewhere T The company has been formed said < Mr Peyton with the idea that concentrated t con-centrated capital can be more profitablY Invested than If the same amount is t handled In separate sums by many In I divldua1s We are organizing with t some of the strongest financial talent in I r t the country and with a set ot practical competent men as officers and directors c f r 7he best experts In the country will be I employed to make examinations of all t propositions In whIch the company may seek investment or to which Its atten i tlon is invIted and we believe In this k way we can earn bigger Interest on the L capital of the stockholders than they t could hove to make In any other field r open to capital In this country The operations or the big company I cGntemplate getting control of dividend paying mines and stocks as well as Investments J t In-vestments in properties that only need r the touch of capital to bring them to tho front and where occasionally an investment may prove unprofitable t something which Is i HabIt to happen In nny line oC businessit Is expected that f I enough of the compan investments F wlll pay good returns to more than off I set tiny faIlure which might possibly r t occur That Mr Fe ton declares is the strong point in and the main incentive in-centive behind the formation 01 this corporation WhIle the main offices of the company I will be In the east local branches will be established at points where business 1s to be done and Mr Pe ton will be In charge of the Utah offices and act as the companys agent at this point |