Show LL COMP NY BUYS INDEPENDENT SYSTEM V 91 9 I Deall Consummated in Rochester 1 N. N Y Comes ilS iI Surprise to EJmer Junes Jones file Manager Sale M Made de by bv United States Independent The Bell Telephone company it is considered l almost certain has secured control of the Utah Independent Independent- Telephone Telephone Tele phone company with headquarters in this city The United States Independent Telephone company compau which owned the tha Utah Independent company sold the latter today in Rochester N. N Y to bond dealers for EI Elmer B. B Jones managing director of the local company com COIn pany said that it was vas practically certain that the deal was vas made for the Bell people They have been trying to g get t control of the Inde Independent Independent p pendent company ever since the system was vas in fu stalled installed i in Utah he said and now I suppose they T have succeeded Salt Lake capitalists had an option on the company and posted to l bind ind the deal This sale is a glea great I surprise and a disappointment to tous us y r ROCHESTER N N. Y V. NOV 7 THE 7 THE UNITED STATES INDEPENDENT TELEPHONE COMPANY HAS SOLD SOLD THE UTAH INDEPENDENT TELEPHONE TELE TELE- PHONE PHONE COMPANY f NY ONE ITS ITS' S SUBSIDIARY CO CORPORATIONS PORA TOR TO R R. L. L DAY CO INVESTMENT BOND DEALERS OF NEW V YORK CITY THE PRICE PAID WAS VAS WITH FORFEITED BY ELMER ELMER ELMER EL EL- MER B. B J JONES NES REPRESENTING SALT LAKE CAPITALISTS WHO TOOK OPTIONS SOME TIME AGO ON THIS PROPERTY MAKES THE SUM REALIZED FOR THE UTAH HOLDINGS I Elmer Jones and Geor George e T. T Odell went to Rochester ten days ago and deposited deposited de de- posited the tho second check with ith the Unit United d States Independent company company com pany pang to bind th the deal for fOJ a sale salo to local lo 10 cal capitalists They had posted th the first in July Tuly to give them an option on the purchase of the s system in Utah Then Mr fr Jones Joncs and Mr Ir Odell had the promise of from Utah moneyed men to the system I and they made their last trip to Ro Rocks hf ester to get an extension of oRthe the option C We 1 W mot met the executive committed comm and lawyers y of the thc United States Stites In Ini dependent company end l again al an ers that t. t by depositing j-depositing more 1 ore we would woud get et an an extension of tho the option n said Mr Jones this afternoon ut Had an Agreement It Tt was the tho agreement that we were to have until March 15 5 to maI make e th the purchase and the final final- contract contra t was ws t tg to tobe be si signed ned as' as is oo as 35 the direct directors rs could coui he called together We We h have yc not be been n notified of the tha deal until the Associated Press dispatch dispatch dis dis- patch was las read by an Evening Telo Telo- gram reporter Our check ebeck has not been returned Of Of course courseT we we T had no a agreement that would bind them to hold the tho opt op-j tion De because ause the executive committed could not act finally until the board off of directors approved cd the extension of the tha th option i iI I I am certain that the bond com comp com pan pang pany made tho the purchase for tho the Bell Telephone company compan The Time company company will probably insist insist on keeping our original as a for for- feit That q question tion m may have to b bo bad J settled in court |