Show SAYS WILL ORGANIZE NEW BANKING FIRM The Salt Luke n published the lie following CapItalists and men of Salt Lake e headed b by W V W T Arm Armstrong strong are n a new and trust company which according to present plans will carry th largest capitalization of any an financial Institution tion In iii Uw the coun try The now company will have u 0 a capitalization of 10 OO n nearly arly of thIs amount has already boon subscribed among those Inter bein beIng Colonel E A Wall P J 1 Windsor V Rice George Gunn Guna and P J Quarters for the now new ion iii lie he In iii the Newhouse building in whIch have hae been fitted up the finest banking rooms In the country or not Colonel Samuel d I Newhouse Is III the now new company compan Is n nat t known as 38 Colonel i I is h In tile the east elst W v W V Armstrong saId last nIght I II that the compan wn was In process or of I I but that all or of the tho de deI I tang preliminary to its Ils Incorporation had not been and until those these details had boon perfected he I could maJo inao no statement re reI regarding garding the tho company Ho said the tho I on whIch It being organized I considered only local capital capIta and lit JIt littie tie trouble wan expected In enlisting the lie interest of S Salt Lake mon men In the tho Two ago It was vas announced that lint II a company compan would ho be formed with VI h local and eastern capital to start a anew now new banking institution At that time one of the bl big eastern Insurance corn com panIcs was interested In the t hut huL wIthIn a few fow months these plans A few months ago negotiations wore opened between Colonel Now house and lie tho Merchants bank of Salt Lake Lale for n a lea lease so on the tho rooms but the Merchants brink bank obtain cd a lion near noar Third South street stroet which it regarded as more and these t are arc now being fitted up at a rate whIch will complete compelo them by I ber 6 |