Washington County News | 1899-03-25 | Page 2 | Ten Million Dollar Deal

TEN MILLION DOLLAR DEAL. Eastern Capitalists Putting Money Into Utah Mines. New York, March 12. A ten million dollar mining deal has just been con-sumated con-sumated in a Utah mining venture that was enginered by Boston and New York financiers. The United States Mining company was organized with 510,000,000 capital. It will control several large mines in Bingham, Utah, including the Old Jordan, now a large and well kaown property. The various properties to be consolidated consoli-dated have been under inspection for several weeks. The capital will be divided di-vided into 400,000 shares at S25. It will start with 1,000,000 cash in the treasury. treas-ury. The property is to be greatly improved. im-proved. Modern machinery will be introduced, according to Wall street experts, wherever its use will further developments. The United States Oil people are in the deal. It is said that work will be commenced at once in Utah to reorganize the force.