Show I COOPERATIVE MINING Organization of the InterMountain Kutunl Development Company The coofcerative plan of mining is rapidly gaining favor with the people of Utah and there is no reason why the plan should not ultimately prove to besuccetpful and that the organlza tlns of this character should eventually evEntu-ally acquire and own good dividend paying propositions This plan isintended to benefit people I peo-ple of limited means and who cannot afford to make investments in mining stocks where the full purchase price must he paid down when the invest paid ment is made hut who could and would be able to make small monthly payments on their stock which sum together with the amounts paid in by the other stockholders In the enterprise enter-prise would create a sufficient fund for the development and operation of any property in the possession of the comnln The InterMountain Mutual Development De-velopment company of this city is the latest enterprise of this character to present its advantages to the public and still its mode of doing business vvllj differ a little from similar organizations organ-izations in that in the case of a stockholder stock-holder becoming delinquent in his I monthly payments he will be given paid up stock in the company for the amount he has paid in less 10 per cent I so that If from any cause he is unable to continue his payments he will not lose what he has already paid in vhich is a good feature in the bylaws I by-laws ofthecompany The capltaization of the company has ieen placed at a reasonable figure and the number of shares Is so limited that in the event of the organization becoming be-coming a dividend paying proposition t a single share would be of considerable value The company is I capitalized at 1000 shares of a par value of 50 each and according to the regulations of the ompany a stockholder can pay for his shares at the rate of 2 a month each and when fully paid the stock is non issessible With the sum thus monthly month-ly raised a large amount of develop neat work ca be accomplished and if rood judgment is exercised and prom sing properties are secured there is j jood r fbetoab believe that the company I com-pany will be able to open up mines vhich will rank as dividend nayers I H C Edwards is president o the I new company AVilliam J Browning is ecretary while Professor William H Tlbbals is treasurer and It is believed hat with men of such standing in I harge that the enterprise will prove I eminently successful I i |