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Show TELEPHONE a RATES HOT TO BE BOOSTED President Lane Says He Knows Nothing of Colo- rado Purchase. H. Vance Lane, president of the Rocky Mountain Bell Telephone company, Issued an official atatrment laat night In which he aay that there will be no Increaae la telephone ratea In thle city, aa a reault of the purchase by that company a abort time ago of the entire plant and equipment equip-ment of the L'tah Independent Telephone company. To lve the wldeat poaalble publicity to thla announcement and effectually to check tbe rumors that marked Increaeee would be made In the telephone tratdc. chargea. the company haa placed half page advertleernenta in local newspapere. maklns the announcement In language that cannot be mltundcratood. The teat of Pretldent Lane's announcement la a follows: "To all' telephone subscribers in Salt Lake City: "Notwithstanding tbe many rumora and peculation- alotne .readjustments u telephone rales In Hall Lake City, du; to the recent purchaae of the property of the Utah Independent Telephone company com-pany by the Rocky Mountain Bell Telephone Tele-phone company, the letter's rate schedule will not be Increased. . "Necessarily eome little time will be required to arrive at a basle which' will be fair alike to both the puMIe and tha telephone company, but the enalneere have proceeded aufflclently to warrant a deAnite statement that no rala In the rate achedule will be required. Further . particulars will be given at the earliest possible date. . . ROCKY MOUNTAIN BELL TELEPHONE TELE-PHONE COMPANT. "H. Vance Lane, president. Will Colorado Buy? Boston financial writer hv come to the conclution that the purchaae of the Utah Independent Telephone company'e buelneea. plant and equipment . by the Rocky Mountain Bell Telephone company ia forerunner of the eonaolldatlon of the Rocky Mountain Bell Telephone compeny and the Colorado Telephone company, which la operated on the ssme principle end with virtually the same equipment as the local company. ... In discussing sn article -In the lateat laaue of the Boston News Buresu, which haa a high reputation for accuracy in financial circles, forecasting this rumored consolidation. Prealdent H7 Vance Lane of the Rocky Mountain Bell Telephone company made the following statement today: . . "I do not think there te much foundation founda-tion for such rumor. I know sbeolutely nothing of uch a proposed move, except what waa printed In the Beaton News Bureau Bu-reau article referred to. I hav received no official Information touching upon thi suojeci. I nere ia rvmur uvuimi u cuss, unless such official Information ta given to me." Would B Hug Ooacara. The New Bureau article follow: 'Plana are heading up for the -eonaolldatlon of tbe Rocky Mountain compeny com-peny Into the Colorado. This. will involve in-volve an authorisation from otockholdera of th latter company t tnereeae It atock. Tha consolidation will be welcome wel-come newe to minority holder of tho Rocky Mountain company In New Kngland. Kng-land. who have been without dlvldende for nearly four year. Such a combination at uggetd would -glv th new company a tremendoua territory- The Rocky Mountain Bell com- I Cny now covers Utah, Wyoming. Mon-ne, Mon-ne, and all Of Idaho except tbe pan-andle. pan-andle. In the terrrtory of the Colorado company are Included Colorado and New Mexico, aa well aa a part ef southeastern southeast-ern Arlsona. Tbe Rocky Mountain. Ball ha ateete totaling l..M?itl. while Its llabllltlea Include f2.16l.5to of capital ttock. surplus sur-plus of 1181. L'4 17 and bllla payable amounting to M.ltt.tM.Ot. It ha a total of tl.tlt atatlona, an Increaae -for the year of M14. It baa a total length of wire of US 0 miles, an Increase since December 11. 10. of 1S.M5 I mile. The Colorado company haa a capital atock of tt.b0u.000. with bllla payable amounting to 11.121.000. It haa s0.x7 atatlona. with S004 atatlona of connecting connect-ing companlee and sub-licensee staUona, a grand total of 8.71. . |