| Show h Three Sugar Companies Will Consolidate r n v The Terms Are Agreed On by Which The Utah Sugar Company The Idaho Sugar Company and arid The Western Idaho Sugar Company Will Merge Their Interests Manager Thomas n It Cut Cul Cutler ler Jr of The Utah Sugar company Tho rho Idaho Sugar company and the West Vest Western ern 01 0 Idaho Sugar company returned last night from tine east eORt bringing In III Intelligence Int II t which will bo tic to It tho Ih to I 2000 stockholders of nit tho o complains c scattered over O l tho the W I ThU Thlin Intelligence briefly stated staled is t that the stockholders of if t till the si verni sugar have approved ed Ill thu Iho basis hitI of nf consolidation subunit submit submitted ted by tile the local l stockholder muLl and meetings to 10 carry corry the plans into luto ot or feet will be bo called 1 In tho near future AM AI A linis before been recorded by b tho tim NoW pw Manner r Cutler went to II New NewYork e ew York for or the purpose 0 of or laying hayIng la before tho thU stockholders of ot time tho several companies the Ilie plan on by II the tho li of tora here Till Tho mooting of oC tine the stockholders ot of o ill all the tho th companies ice empowered tho Ih hoards ot of 01 rectors to 10 aCTOr n on n a basis for con coin consolidating conol ol the three institutions and after tIn I several conferences the tine three boards agreed on a it masts basis which was wn fair to I all oil tho Interests concerned ili gent lemon comprising the tha boards all of ot whom are art heavily h 1 II Inter Interested ested 1111 In un each cacti of 01 the stocks concerned aro 0 or tine Ih follow ing Joseph TO F 1 Smith John It II Winder Indel W V S Me lIe tc Thoma It n titter Cutler John C Cutler Cutter J 3 Grant John fohn Smith George Ronne C W and GeorgeC a C Parkinson Jl H o G h Whit Whitney hn ney 11 buill the secretary nod treasurer and a R n W TW Young attorney tot for to the tho sov etal Nul companies Manager Cutler authorize tine tho fol following lowing general statement of the pro proposed posed busts basis ot or amalgamation stating that there 1120 1110 several minor 11 details yet I t to 10 tim lie h passed on which will trill not riot affect arcet the main result one olle ot or which Ii thin tho th 1 limitation I unit ot oC dividend i Is it e on tho thu common stock toek and rind tine the division ot or any all surplus over oel a u certain amount with the Iho preferred stock TIne The properties of ot the tile three oem com companies me to 10 be taken over oel by byn b n 1 nel concern which will io uby Mal bear this the name of oe The Idaho Sugar Co o having an on author authorised ell copilot capital of o preferred stock and an common stock a jl at t nt n I of oC which is hi the thi th same clone as to the tho present total capital ot or the Iho three companies Tho Tina outstanding stuck of oC the will be lIe coiled colled In lii and stock In III the now lIew company issued on the tot fol following lowing basis hais Utah Sugar Co o stock alock W 3 1 is Js the tho par Jar value ot of the till present prel tnt Issue or 10 10 per p pr r share Utah Sugar kIgar Co common stock 3 1 the tile same san saute B an as nt lit exist mill In v The Thic Idaho Sugar Co Ca 38 OOOO pre pro preferred preferred stock which H he at l the tho rate oC of o per pur sluice for tho tick stuck now out outstanding standing nil lit anti un III g 1 Western Idaho Sugar Co I which is I nt ot the ilia tit rate ot or per pcr share sharo for or tine the Ih stuck stolk now hOW outstanding out This makes an no entire tock stock issue 1 u ot of or preferred and ami 00 com common mon lIon stock In iu the new inca lie company and tile the th e stork will iII call cUI for tor 7 i per lier percent percent cent tell cumulative dividend The Tue he remaining preferred stock clock will bo lIe held In lit 11 the th treasury for tor future needs IIO ds A part uart of or it Il will be bo is issued sued lIe 1 to 10 stockholders stockholder in Ii order to build bulini tIne the new lIew factory factor at It Payette Ida I a dUn dur during drIng ing lug the tile year 1908 rile floe outstanding rights to un UI issued stock steel of ot the Western e Idaho Su Sli Sugar par gar 11 company will VIII be luC transferred 11 h by bythe the present holders to 10 tho ho he amalgamated ed lid Li company which 11 Ja inay ay 50 i 0 cents per share hall for car the same III In cash or OV stock stoc at atHie atlie Hie lie option of oC the th lh holders Mr Ir Cutler feels eel that the tIne proposed ar or arrangement Is iii a tt fair mid mul equitable one oneto oneto to nil Interests and nub that the amalga amalgamation million mation 1 hI 15 of divided benefit to the tho enterprise as ann a whole thOle |
