Show J f i I HI HTC IN CANAL PLAN j4 I North Jordan Directors Refuse I Re-fuse to Come In MAY HINDER CONSOLIDATION I 1I 1 I Scheme Upset Unless Stockholders Stock-holders Reverse Directors li Directors of Three Other Companies I Unable to Convert North Jordan 1 People by Hours of Work 1 The scheme to consolidate the four I j canal companies of Salt Lake county i I Is In grave danger oi running upon II the rocks and bclng wrecked The i I 11 I jI I board of directors of the North Jordan 1 company have decided unanimously to I i stay out of the combination and unless i un-less their action Is reversed by the stockholders or the company all the I I If I work that has been done up to this l time along the t line of consolidation will come to naught I ifl LASTED LONG TIME l There was n meeting at the Commercial til i I Commer-cial club yesterday that lasted from 11 oclock In the morning till C oclock 1 i at night and every phase of this consolidation I K i solidation scheme was thoroughly discussed C I dis-cussed In all its bearings Practically 1 l all the directors of the four canal companies 4 J com-panies were present In addition to j I these Col B F Holmes and Slate i Engineer Doremus were present by Invitation ri1 In-vitation us the representatives of the i Commercial club and F S Richards I was present In the capacity of attorney c L I attor-ney for the canal companies F III 1 COULDNT CONVERT THEM 1 Angus M Cannon presided over the I l I meeting and J C Lambert Sr acted III In the capacity of secretary The articles I ar-ticles prepared for the consolidation of the four companies were presented and i 11 I discussed section by section and the whole day was consumed In trying to 11 1 t I convert the dlrectqrs of the North Jordan I 1 Jor-dan company The directors of the I I I Utah Salt Lake the East Jordan and I r the South Jordan decided unanimously ill t I I to accept the articles and to enter into 1 1 I I the combination The directors of the i I t North Jordan decided unanimously to I I i I otay out and no argument could change t 1 j 1 Iii this situation 4 IIIJI j I I The North Jordan directors did not l 1 object to the articles of Incorporation t c f 1 1 I I on the ground that the arrangement JI l 11 was unfair or unequal but because q I they felt It to be to the best Interests Y14l J of their company to preserve its identity 1 I l iden-tity and remain out of all combinations Ii I t combina-tions I j i UP TO STOCKHOLDERS l I The meeting finally adjourned for two weeks In that time the matter will be submitted to the stockholders Ii ji tti 1 f of the North Jordan canal and the r 11 l I only hope of the friends of the consolidation h1 con-solidation scheme Is that the stockholders 1 stockhold-ers will reverse the action of the directors 1l 11 I r di-rectors No action will be taken by t II i the directors of the t other companies ri I I until after the North Jordan people I I II I have spoken Another meeting oC all t the directors of all the companies will I I 11 1 1 he held In two weeks at the Commercial I 11 t lIJ 11 Commer-cial club to hear of the final l outcome |