Deseret Evening News | 1907-07-20 | Page 6 | Independent Company is Controlled at Home

Independent Company Co Is 1 Controlled At Home The ho long negotiations be between b between tween the tho local loci stockholders stockholder of ot the Utah Independent In t Telephone company and Ind the tiu capitalists who held the tho control contra of r the tho stock and all 11 the tho bonds haVo hWo at nt length boon lonn terminated and ana the tho control hereafter wilt wit be held i absolutely y af of home alt all the bonds and stock held In tho the east cast eat having haYing been buen ac acquired by a local syndicate News Newe Newl renders render are aware that the Iho United States Independent Indel nd Telephone company the th big eastern easter concerts concern which stood back lek of 01 the local oel com coin company puny any became mo financially Involved some Come Imo ngo ego and that nil ni Its I assets wore ero offered for sale fal The Tho American Telegraph and nna Telephone f company the parent parent of tho the Rocky Mountain Boll Bell Bel nt ate tempted to acquire the tho Independent se securities hut ut prevented by an or order ordes der des of ot court cour obtained o by h Elmer B BJ BJones Jones J manager of ot this tho local concern Time The Th total i mount of bonds bOlds and obligations obi held in Rochester by b th the United States company reached ranched rached close to 10 two amlo million and they vero offered to 10 milon tIme local pie nt at a figure e eo ono oo an million dollars the latter tolar to b lid pledged At once nM ml amount lal ha a of f timid cUi cj to 10 ho he mate te io bind time the bargain A o of oC local business te men raised the anti and sent Mr MI Jones Joncs IM 13 nith Ith it to u ester estor some soma days as ago ngo A A me i Mr 11 Jones t to f Wells irOn of ot the tho Utah Independent company states tat that the float deal will trill be u consummated which means m a li tha that thai iv ii local syndicate will have hare e to 10 balance balanco of the tho big hig sum Ihl t tM th 1 largest In payment hem being due In Oriole and the remainder In December local syndicate has Fists th rt The already taken sie to 10 ally AI tile the Utah Independent with like concerns In Idaho company and Montana and with the reduction lon they tho will be bo able ble to make mako la in flirt charges charses and the of th tb vu bus mass iness they the will 11 effect they are fire dent that the he bonds COM conn corm will wll go to wt ar li lit In tho the near future and that the stock ot st basis the company IY will be ba put on OD a n DayI