Show B Y TRUST DEAL DEAi DE Controlling Interest Secured by the te Clayton Cayon Brothers Broter The controlling Interest In the te Brig Brigham Brigham Brigham ham Young Trust company has just been secured by N W V and I A Clay Clayton Clayton Clayton ton These two gentlemen have se secured secured cured the te stock formerly held by b George W Thatcher hatcher W A Rossiter the State Stale Bank of Utah Uth and L H HYoung HYoung Young Youn Of oc the shares in the com company company company pany the Clayton now non have 2100 which gives them the control The greater part of the balance of the stock stockis is held by Spencer Clawson and the estate of the late George Q Cannon The price paid by the Clayton for tor the stock purchased is given at 35 5 per share or in round numbers number for the 1950 shares purchased The transfer of the stock will wl take place Oct 1 and at itt t that tat time C E ETaylor ETaylor ETaylor Taylor will win be substituted for Lawrence H Young as manager of or the th business of the tile company I A Clayton said yesterday that the affairs of com corn company pany had been ben mismanaged Ten Tea years ago he said was borrowed and anda a number of buildings put up some of which have hare not paid the taxes on the investment The large building on Commercial street was wa put up at a cost coat of or to redeem Commercial street of The scheme schem was a complete failure people would not go into the building if it i was given to them rent free fre The investment is practically a dead loss Mr Clayton said that the plan of the new manager would be to economize economize everywhere and thus make the property pay Of Ot the th mort mortgage mortgage mortgage gage has been paid off of The balance draws 5 S per cent interest mak making making making to be cared ing a fixed charge of a for Added to this Is the 50 j per er r month m nth paid to each ea h of the six widows of oC Brig Brigham Brigham rg ham pam Young and the 25 5 per month allowed to two of or them for house rent This makes more to be looked after and it I is I the understanding that the widows of President Young are asking for a larger allowance But in spite of or these fixed charges the taxes tes spie the insurance and the repairs Mr lr that the property Clayton is confident can Cayton be made to pay He repels he Idea that he and his brother bought the te stock for someone else They got finan dunn financial financial cial backing he said but the stock was backing theirs and they purposed to keep It I as asa asa a permanent investment investment There here is one feature to this deal that thatIs Interesting It is stated on Is y I the th best authority that Simon Bamber Bamberger ger offered IJ B S Young 40 per share the th for 2600 shares C the stock or controlling interest interest in the company Mr Bamberger made the offer ofer for tor an eastern syndicate and tle the ft that th trie stock easter has been sold for 35 33 ashare a sare he thinks put him In a bad light with Uh the themen themen themen men he represented in the negotiations This 5 a share would mean Just 97 more to the people who nho sold their stock to the Clayton or it would I mean more for tor the 2600 shares share or the control As yet Mr Bamberger has received no explanation as to why I his offer ofer of 40 was nas turned down and andI the Clayton offer ofer of 35 accepted I The property of oC the company con consists consists chiefly of the northeast quarter I of ot the block on which The Herald building Is located some business prop property property property erty east of or the corner on First South the and the Nauvoo blocks block on West First South two small smal pieces on Main stet below First South one on either slue side sie of the street and a building on West Vest Temple I street below First South |