Show STEW YORK CAPITA A Million or More to Be Invested in Mercur Mr A W Perego president of the Sampson Mining company of Bingham returned to Salt Lake from New York yesterday where he has been putting in his time since Dec 1 He is practically prac-tically noncommittal as to his errand in the east but in conversation he admitted ad-mitted that he had enlisted New York capital to the extent of a million or more to be invested in Mercur property prop-erty the name and location of which is also withheld He states however that there is but little difficulty to be experienced in the east in getting capital cap-ital interested in reputable mining properties in the west As proof of this statement he announces that within the next ten days he will incorporate a company in Alma Colorado eighteen miles east of Leadville for the development devel-opment of a gold quartz vein and that the capitalization will be for 3000000 mostly New York and partly English capital Mr Perego will go out to I I Bingham on Sunday to inspect the I Sampson which he intimates will become be-come a much heavier producer on account ac-count of his visit east but before the New Year has seen many days he will sail for England where he expects to pick up more capital to be used in the development of Utah mines |