Salt Lake Telegram | 1929-03-31 | Page 9 | Electric Share Battle Looms

ELECTRIC S SHARE AR MR SOUTHAMPTON IPTON En g 1 and March 30 Thomas AP-Thomas L L. L Chadbourne Chad Chad- bourne and Herbert Bayard Ba ard Swope representing American In the British General Electric corn com here today aboard the steamship to take up the question of Am rights In th the proposed t l pound 1 sterling shares to be issued by the company They gave out a letter lettel w which they are addressIng to Sir Hugo Hirst chaIrman of th the board asking ask ask- ing It if the latter intended them to understand by his his' radio message ot of March arch 29 that he consented to see fee them only iI If they promised in rid jid- vance to abide by his statement that his discussions with them must he subject to the or oC th the princIples he be had enumerated In an address before eore the shareholders March I 13 The American stockholders th the letter continued do not feel that sense of oC complete confidence In themselves to a set ot of principles which first deprived them of all voting rights although we are not calling this action Into qUestion at this time which s seek elt to dilute their Interests in the company company com com- pany which destroy a free market and which disturb sound financial relations between Great Britain and the United Stat States s. s J