Show NEW STEEL COMPANY silver brothers iron works company the oldest and largest concern of its kind in ill the intermountain country lias has bee been n taken over by the salt lake iron teel steel S company the articles of incorporation of which were f filed on the ath dinst these show the following officers 0 C beebe president david A smith vice president willard R smith secretary and E E byer treasurer the officers with joseph A silver president of the old company aeo E sanders and james H moyle constitute the board of directors james W silver vice president and assistant manager of the old organization is to be manager of the new company the intention of the new company it was announced is to put approximately into the business at once and provision already re ady has been made for the issuance of preferred stock to the amount of the new concern is capitalized for of which is common stock the old company had a capital of common stock it is understood that the old companas comp anys plants and other interests are valued at approximately pronima proxima tely with the purchase the new company is said to have assumed the bonded indebtedness of the old company as well as the current obligations reported to be in the vicinity of more |