Salt Lake Telegram | 1912-08-03 | Page 10 | Will Name Sawyer as Successor to Nunn in Telluride

I Witt NAME SAWYER AS SUCCESSOR TO NUNN IN TELLURIDE I L. L i L Nunn general manager of the Power company who arrived I in m the tho city it last night from tho the cast east I confirmed the o o announcement J 1 in THE TELEGRAM yesterday YC that he would retire shortly fr from m tho ho management man nina I 1 nt of the thc company Mr Mi Nunn said aid that he will probably bl retire as manager manager man man- a ager er at the tIle next quarterly meeting D of the directors It is 3 understood that his successor will il be P. P B. B Sawyer who came caine to Salt Lake Lako from the cast east yesterday yesterday yes- yes tc a with it M Mr Nunn Mr Nunn said that he expects to remain remain re re- rc- rc main one of the largest stockholders in in n the c company Speaking of ot the pass paBS- IU mug of control of the Power company to York B Boston ston and andI Cleveland capitalists he be denied del the re ro report report I port port that the tho ne negotiations were wade ado on I behalf r IT of Janu James s Campbell Campb of ST ST. Louis Mi Nuna Said that 60 per cent cont ot of the thc I i i of of f the out outstanding stock of the Power co company has for fora a J. J number of years Jears been held b by the Savings n s and Trust company pt of Cleveland Ohio in a a. voting pool or trust L T I R. R Nutt one of the officeholders office office- holders of the company li he says 18 arranged arranged ar ar- ar ranged for a controlling interest In the pool upon condition that he should purchase purchase pur pur- chase all an other stock of the company tendered to him kini at the same Iame price and also b bonds held by tho the various individual indi lath vidual st stockholders 8 at par and accrued interest Mr Nunn says Ys that about one half of his own and his his nis associates' associates holdings were included in this deal Associated with T J. R B. B Nutt are aro Hayden Hayden Hay Hay- den Stone Co of Boston and nd New York lork the bankers of the Utah Copper compa company l and S. S C. C Mitchel of the Electric Bond and Share company of New Y York rk The Power owns ei eight ht power rower plants lants in Utah Colorado and Idaho and all of them have been under the direction of Mr 11 Nunn wh who is said to be the pioneer of lon long distance transmission in lathe tho west