Show TELLURIDE POWER WILL YIL REORGANIZE HERE OCTOBER 1 I Preparatory to the tho consolidation of most of ot the tha power plants In Utah and southern Idaho Into one of the biggest power genera gen gen- era crating tine concerns In America AmerIc a ration of or tho the Power company wilt will wn ho bo effected hero here October 1 Such Is 1 the announcement made mal by J J. J R. R Nutt of Cleveland present president o otho of the tho company compan Under the new organization tion ton according to President Nutt D. D C C. will wl be elected president president and a largo large largo share ebare of ot the stock will wl be held by Utah men among among them David ld Eccles cIu Senator Rc Reed d Smoot and other financiers I n I In order to meet the Increased business I planned d for Cor In the consolidation the capt tal of ot the tho company will wi b be Increased This Thin etra stock stoc TV wll wili ill all aU be bo taken up by local loca men Tho The Electric Bond and Share Shar company compan a subsidiary company to th the General Electric compa company which rec recently nty purchased purchase more mora than tha half hal the stock o othe ot of the old Telluride company will I continue a as a a. stockholder as will wil other eastern stockholders However the entire operation oper oper- atlon aton of ot the tha giant enterprise will will wi b be e placed In local gant hands hands as t tire the e dIrectors director feel fee that that Utah men will wf be In a better position to understand the neld needs and de demands demands demands de- de mands of the tho territory covered by br th the thc consolidation 1 I There will wil be no attempt to gain control con con- troi trl of any interurban lines Jnes or other electrical elec elec- power using enterprises said ald PIe President Nutt Nut The fhe The company will wil engage engage en en- n- n gage exclusively ly In power generation fo foran for foran an an commercial purpose Mr Nutt said sid that the tha reorganization of ot tho the T company recently effected at Cleveland where here he was wan wal el elected pre l- l dent was s 's only pending th the working working out of or this large scheme |