Salt Lake Telegram | 1916-04-04 | Page 11 | Two Firms Get State Charters

TWO FIRMS GET STATE CHARTERS The Western Electric company a Delaware corporation with a n. capitalization capitalization capitalization capital capital- of ot successor to the old General Electric company has flied filed ar articles articles ar- ar tides of incorporation with the secretary secretary secre seere- tary of state The General General Electric corporation capitalized at many millions millions mil mit- lions withdrew from Utah to avoid payment of the maximum Corporation tax and the new company was waS' organized organized organized organ organ- as a subsidiary to do business here here- The Farmers Farmel's and Drovers' Drovers company capitalized at has been permitted permitted permitted per per- to file articles of Incorporation here The company will lend money to farmers on long time mortgages The company applied for a charter a year ago but was refused on the tho grounds that its business conflicted with the banking laws The company has agreed to safeguard Utah patrons and aid this agreement has been Investigated investigated gated by ly the attorney general and amI found to be satisfactory