Show MILLIONS FOR I H i I MINING IN UTAH I Development Company Being Formed for Eastern t MONEY HERE IN NINETY NINEY DAYS t I OP OF COLORADO PIXEL FUEL I a COMPANY t Th Tile very ery important announcement was wa made yesterday that preliminaries for lor the launching of ot a powerful ex exploration company to operate In the Utah field had bad been arranged and that ninety days clap at the outside outride the I corporation would have at Its It disposal the first of oC the several nil mil million lion JIon that It will Invest Invert In tn the mining district of nf this state tae The announce announcement ment ent came through George M Hol Holbrooke Holbrooke brooke of Boston who Is not altogether a stranger in the west we st and who ha hu studied the mining mh ng regions from Brit Bilt British ish ih h Columbia on the north to Mexico on th t h south Muth during the past few I years ears He sid said The company which Is 1 being formed ill bo bp b known as aft M the Gold GOj Develop Development ment Company of Utah It will hold a charter from the state of Wyoming and be qualified to begin business just Jast as noon oon a e our attorney Judge W H King KInK can ran complete the drawing and filing of the papers The organisation is being formed form for tor the purpose of making investments in the Utah ing field conducting mining enter enterprises and throwing about the Investor every possible safeguard Executive Committee of Three The company affairs n this end r of If the line will be entirely in the hands of an executive committee of three of your our mot most substantial citizens including IncludIng ing n i mining engineer en of unquestioned ability and standing The funds funda of the corporation will be kept on deposit in inthe Inthe inthe the hunks hank of this city and all of the business bu will be done dolt right ere fth the single exception ex of or rats rale raising ing the money that will be Invested That will come from the east whore W re rethe the first fir t 1080 in iR bonds bonda has bas already been heen practically underwritten During the nex four sour or five live years year yea I am satis satisfied tl fled fied the company will spend not less leu than in this field The promoters of the big undertaking undertaking undertakIng ing are unwilling to release all details concerning their plans until alter after the final rounding out of the company but the assurance Is given that when all allis allIs is If arranged the th people of or Utah as well weW s Ui as the th eastern investors who are behind the undertaking will m understand that bundles bUlI is Ie to be done on business prin principles principles in Utah Utah t tah Is Ie believed to offer oller more and better opportunities D for tor the safe te and legitimate Investment of capital than any other mining region In the coun country country country try The mines that have already been made are looked upon today as 8 the beet be t in the country and when the advantages s of cf f transportation and aRd re reduction reduction reduction facilities the questions q n of la Is labor labor bor fuel ful water etc are taken into consideration it is IB acknowledged that this state tate far tar outstrips 8 all of her neighbors In deciding upon entering I this field all alt of ot these the e questions have been en taken into consideration and aDd no doubt of the success of the enterprise I if Ic J for tor tora a moment entertained The new DW company Iny l proposes es to pour I Its money mOD mOne into the mines of this section all it asks in return is 18 that Utah men wilt will make it easy ea y for C r it to do business bu ln f rather than try to handicap its efforts By pulling palling together the th people ope of ot Arisona have Te made wonderful strides in the direction of building up the mining industry of ot state and if Jr the same ame efforts are made it will not be long lone till other oUter companies will be seeking footholds here Just as all Is the Gold Development company |