The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-11
LET ALL.MORk TOGETHER.
A Scheme that should Meet with the
Approval of All.

For several weeks past MessrA
Mainland and Hubbard and several OF
our leading business and mining men
have been discussing the necessity of
the establishment in this city of a bu-
reau of information, and in talking the
matter over they have formulated a
plan which. in their estimation, will
bring together in active business rela-
tions men who could and should do all
in their power to advertise and promote
the varied and Gnrivalec resources of
Utah, especially in the mineral line
In accordance with this thought. they
have reduced the idea to writing, which
reads as Follows:
If the cooperation Of the leading
mining. real estate owners and mer-
chants of Salt Lake City can be Sc
cured, it is proposed to organize a COM
pany to be called the Utah Mining and
Development company the plan to be
as follows: Authorized capital, $1,000,
600, to consist of 1000 shares at $40
each, payable in monthly installments;
rs per cent of the receipts to be kept as
an investment fund. to be used eXclu-
sively in handling mining stocks and
properties; p per cent of the receipts
10 be used as an advertising and pro-
motion fund, to advertise and make
known the resources of. and to promote
business enterprises in Utah. Idaho.
western Wyoming and eastern Nevada,
of which district Salt Lake City and
Ogden are the acknowledged business
centers.
The company to be managed by
board Of fifteen directors with an adj
viscry board of fifty members, the lat
ter to select a purchasing committee
to meet once a month, to approve all
purchases for the investment fund.
bylaws of the company to be ap-
proved by the advisory board
An auditing committee to be select
ed by the advisory board to audit COM
pany accounts monthly
mo expense to be incurred unless au-
thorized by a, majority of the directors
and certified to by the president and
secretary.
ct is confidently believed that as a
mining investment the stock of the
company can be sold successfully.
''Sureiy, with the efforts being made
by other states and the opportunities
now presented by the present gold dis
coVerieS. etc. the advantages to be de-
rived from the iudicious advertising of
the resources of the inter-mountain dis
trict, and pro- citing the legitimate col
onization. mining and industrial enter
prises now offered viii be generally ac-
knowledged. thus giving the company
the sympathy and support of local peo-
pie
For officers and directors of the pro-
posed company it has been suggested
that such men as N Treweek. S. J.
KENYON. J. Q. Cannon, A H Cannon.
n. w. Clayton. r. w. Young of Salt
Lake City; F. J. Keisel and w. II.
Rowe of Ogden. and l. Holbrook and
Ed Loose of Provo be retained. and
these, with an advisory board of fifty
members, would make very strong
and influential company.
Utah, although leading our sister
states in mineral wealth. agricultural
resources, scenic attractions and sa.-
lubrious climate, is the poorest adver-
tised state in the Union. and our people
are seemingly content that this condi-
ton Of affairs should continue. and this
evident desire will be surely gratified
unless our citizens as a whole rise I'm
as one man and make determined
and unliring effort to let the people of
the world know what we have in our
new state that is desirable, attractive
and necessary
A company of the character as. o1f1in-
ed above could do much in the way of
advertising the wonderful resources of
Utah to the outside world. and in 81
doing they would be throwing their
bread upon the waters. with an assur-
snce THAT 1t would come back to then,
It an early day