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Show BIG DEAL IS CLOSED ! BY THEJTAH POWER Takes Lease on Electric Business From Utah Light and Traction Company. HERE AND AT OGDEN Gas Plant at the Junction City Also Is Included in Transfer, One of tho most interesting and important im-portant transactions of recent years in tbc electric service tie Id of the inter-mountain inter-mountain west has heen consummated by tbe directors of tho Utah Light & Traction company by which that company com-pany leases its entire electric power and light business in Salt Lake and Og-deu, Og-deu, together with its gas business in Ogclen, to the Utah Power & Light company. com-pany. Tho lease is for uinety-nino years and the Utah Power & Light company took active charge of the business yesterday. yes-terday. Detailed plans were perfected some time ago in the Utah Power & Light company 's organisation for properly handling the greatly increased volume ' of business that now'comes to it through the lease which was approved by the t directors of the Utah Light & Traction company at their meeting Thursday morning, the preliminary plans of which were printed in The Tribune several months ago. New Duties Assumed. The Utah Light & Tractiou company will continue to operate its electric traction lines in Salt Lake and vicinity, the lease not affecting this part of the company's business. C. "SV. Whitley, 'he new president of the Utah Light & Traction company, and IL L. Beacn, the new manager of "the company, together with Joseph S. Wells, who is now secretary sec-retary and treasurer of the company, have already assumed the duties of their respective offices. The Utah Power & Light company was organized a little more than two vcars ago, with general offices in Salt Lake. During the past two years the company has consolidated and unified ; some to score individual electric com- ' panies throughout southeastern Idaho, northern and central Utah, and western Colorado. Jn completing tbe unification of these companies into one system, scientific management and many economies econ-omies have been introduced into the conduct con-duct of the business of each property. Large Sums Expended. Coincident with the consolidation of these individual companies, the Utah Power & Light company, during the past two years, has expended several million dollars in constructing new hydro-electric power stations along Pear " river, in Idaho, and has completed a L!0,000-volt steel tower transmission lino, running from these powerhouses V.io miles south into Utah, and terminating termi-nating at the new substation, six and one-half miles west of Salt Lake City. Several hundred thousand dollars have been spent by the company in improving improv-ing and extending its service to many ; districts throughout southeastern Idaho, northern and central Utah and western Colorado, which heretofore have not ; been able to avail themselves of elec- j trie power. I Through the lease by which the elec- j trie light and power' business of the' Utah Light & Traction company now i passes to the Utah Power & Light or- : ganization. Salt Lake City becomes the i largest and most important individual section served by the latter company. Ugden becomes the next largest point. Many Salt Lake and other Utah men, prominent 111 western financial, business and professional circles, are interested in the Utah Power & Light company and are numbered among its officers j and directors. Jackling at the Head. j D. C. Jackling of Salt Lake is president presi-dent of the company W, S. McCornick, J president of McCornick & Co., bankers, : of Salt Lake, is &enior vice president of i the company; ('. E. Gropsbeck of Salt j Lake is vice president and general man- ! ager, and S. K. Inch of Salt Lake is : general superintendent. j Among the directors arc many men I wbose business interests lie almost ! wholly in the intermountain west and who are vitally interested in the dc- : vclopmenr. of this section. The directors include M. II. Walker, president, of Walker Bros. Bankers, Salt Lake; T. K. Cutler, general manager of the Utah-Idaho Utah-Idaho Sugar com pan v, Salt Lake; C. W. Xibley and John "M. Hayes of Salt Lake; M II. Browning of 'Ogden; P. J. Moran, contractor, of Salt Lake; ",'. L. Loose of Provo, Utah, and Bulk-ley Bulk-ley Wells of Telluride, Colo. The company for the past two years ha.s maintained its general offices in the Kearns building, Salt Lako, and there will be no change in tins respect. The Utah Power & Light company will operate the new business it has "taken over in Salt Lake under the terms of the franchise recently granted the Utah Light &, Traction company by the Salt Lake City commissioners. Statement of Groesheck. '. K. Groesbeek, the vii-e president and genera manager of the Ut;ih Power &, Li giit company, &ound'-d a strong note of opti misra a I'd good will n hen questioned ques-tioned last night, on the transaction his company has just conu ni mated. lie said : We tnk over tie Hi'lit and power huHiii'-ws i)f th'; Utah l,il,'h! & Tiai-tmn roir'puny with ;i coinjuvhrisivo ryl-f ryl-f v;it ion of the Inch duty we owe our prnlc'cor yrd our Of!w nst'inters jM Tllili K I '.r4 tin; f X 1 VC Ml '-1 y p(.;i S;i )tl relations which Ii;vf ri.lwa.ys -:M-l iK-iwf'cn them, ;km1 in con'tiinihiL: trj M":rvt 1 1 is: ''i jh( on i f rs wit h ;( n elm--ii-l- yr-rvir' of tin, cry lii;.;hv:t p- :h -f M'-icricy, Cvci.y !'.;-'(Ji;ri-e pr en'iCfi VV ff ilf: 'U)) 'owcr v l,i::ht cunfimty will lie jirecte, tO tijeso curl. W; -efve ariV Itv.-ij:'. Hri'J rnr;i rnrull'Mnit' H 111 t'j": ifiteriijoiiriiain v.'M ; tl"-v ;ire t.rciririroijs hm'I thriving, wl'lioni u !in.:lc cx' i:pi ion th-'it. know of. Outlook Is IJright. My ohs.-rv;. ll'in.i of hll'-lri'-ss eondl-1i..ria eondl-1i..ria t hroei-houl the Ifrrltniy we :'.'" in tiir'c fOnlcs. 1'lah, blah., ;in() '',l'i;rl i, j r j f i . i k u, r r 1 1 ;i t the Ch-OllrUC will oVw-l..,. :i .-ill.- ' .1 1 : 1 i .i I . kI.-;i.Iv L-alii In t'ia:tilly all line-; ( huai- .-alt l,.'jl:- and 0;.;h-,i are tv.fi of lil li.-Sl ill,. I iiVf: I .11 I. ill lii': entire ilr-. iiml I '' I ". : M ;' I lirinu; a lark-.: hf-e ft If In l-'-tli. Tin. null I'.ri .-i A- I ,i;;lii n..inj . :-. ..-.-I i-. m il.j p-i full part In iddlrig the growth nnd development r,f UleS" ''op H 11 1 J! 1 1 t j i-.M, Tin- company'): own niulh find rn - t peri' v Is InH'-pniM hi-,' linked to I he . dei':o'uiM lit or Hi" eoUinuinltl'-K We K'-l'Vc: v-i c.-iniint hop" pionper un-I..-1H our eti'-loni'is proHper, 11 nd the public in.-iV lie ll'-HIIM-i Ihi.l our pol-clcv, pol-clcv, 11m lii full jtccord with lh.it lie-Ib-r and convl.'ticii. |