Show MILLIONS FROM BOSTON George M Holbrook and the Gold Development De-velopment Company of Utah To Judge from the success of George M Holbrook Boston Is the Ideal spol L for the promotion of mining enter I prises Mr Holbrook reached the city I Tuesday night In company with Dr P I A II Franklin lie stated yesterday that he had been examining the miner aloglcal I condition around Marysvale and would Immediately launch the Gold Development company of Utah capital 55000000 one million of bonds practically disposed of Mr Holbrook waR never in Utah until this trip although he sviys he has mined from British Columbia to Old Mexico during the last twenty years The conception of the Gold Development Develop-ment company of Utah he explains came to him while IIP was talking to Dr FranklinIn the East He formed such tif high opinion of the Marysvale district from what he heard that he went to Boston talked to the capitalists capital-ists there and secured Ihe I promise of 1000000 for the purchase of bonds of the I company when It I should be organized organ-ized l7pd1In Having I the money practically In hand he started for Utah to attend to lie I minor details such as the examination exam-ination of the district In which tins company was colng to operate From a weeks examination of the ground around Marysvale he became convinced that this won the district in which the funds of the Gold Development company com-pany of Utah should be Invested The plan of the corporation says Mr Holbrook is to operate through I subsidiary corporations which will have direct control of the Individual properties All expenditures of money will be directed by an executive council coun-cil of three Western men one a min ing engineer who will have their headquarters In Salt Lake The 1000 000 realized from the sale of bonds will be used for the purpose of acquiring territory and the f4000000 of stock will be rmt In the treasury and sold as money Is needed for development Mr Ilolbrook has not yet determined whether the hares of the Gold Development Devel-opment company of Utah shall be Is rued at 51 10 J or 100 That will be arranged In the next few days for Mr Uolbrook expects to file articles of incorporation in-corporation under the laws of the State of Wyoming during the coming week The personnel of the executive council coun-cil TTkewise l an unknown quantity jut Mr Holbrook gives the assurance that all will bu competent mining men fully capable of using the 51000000 discreetly dis-creetly |