| Show JONES EXPLAINS BELLS MOTIVE Declares Consolidation Would Advanced Rates Ratos to Canoll Canol A 1 COMBINE IS IMPOSSIBLE Utah luau Independent Syndicate Ad Advised Advised Advised That State and Federal Laws Prevent J nI of Director T l Finn t Anil 1111 Will Go 00 o to tt I Curt Court for The director If the US Uh Inde Ind Independent pendent Ind nt company hv VO ji rt r hold hild ch meetings A M II h hi v been h held M lately Ite th the flurry that thIt I shaWns the country I ry In regard to th the transfer of o th tit holding of ot the t Utah Uth Independent dent Telephone company to 10 Ute the th Boll Bet BetIt It the directors director take lak a deter determined mined stand Th The Thy r will ht Ut th n to the tb last lit ditch and andi an ai i ol t until the he court Ourt of or l lut lt t rort they can ean an haY hav tide company will they Ct t control This assertion waa U by b Elmer Earner B Jones JoneL Jon managing lor of the company today The Th was WR made md m d when answering the th question of ot a New Ne r port r on the he story appearing In a paper which wh eh quoted 11 t I story lory I ut li hed In III the Hot HoIr heater Demo Dt mo mot pdt t end and Chronicle Chronic Mr Ir Jon J declare tO that thaI aside alde from tram the U return of ot J offered d by th the for tor an eaten exten extension sion Flon of t Mr IU It option until March 15 I ae ac C r 11 i p n I hv by h 1 iI t letter etter stating ta that thai the offer iVr rr I could not net be b i accepted er I be 1 e nor ally an member of ot the lIu t ii recently rr control nt r Die th II Independent Telephone him hs h ird anything concern concerning concerning ing i n th rh ted 1 sale 1 There Thre ha haa hai h i in 11 no n fl word orI from liin either the I t H Li LiI 1 J th Ih Hell Bell con i pan y nor norK K II I L Day 11 4 t Mr Jone JOnM he h the Ih ht l I Ih t h I 1 I J T 1 c to te the Ih Bell Dell DellI BellIt It I fit has ha been en made mad but he hll de d dIr Ir that Ial they Ih wUl will aM It II until the th h control reverts to the lil kh h has haA as a mined control VERSION Ti Te 1 hr Ir pu p ss ee report concern concerning con rn ing ng the H U l I a MI lIa follows rah securities and their eI nit jc i I l L Day Da C Cu of ot New Nw N York Y rk f rn n t ih th Ihm m moet widely ed Md ii fl 11 II t fini Il r tUl dal district Gee Cen rel r nan with the was ex d and 1 It was wae said Bald nat the Die United Hut lude In Telephone rel one company com lu inn H eli 11 I in n ita of at th the Utah ii wh ate al wn e d l bv hr h the th 0 ry of or gLI gell H ui a 11 New for JO 50 oil p 11 i tot touti l 0 for the th thel l Ht ri rt It 11 w wn B poll N out that the bt HIO wee Managing I r Elmer n IL Jon of or Ihn Utah com comI liiv I Irni d the th ii of at the L S t toi to I he HII lh transfer tn tr of or orIla ofha i Ila ha lu 1 not a am free iNe front from In n nr r fc a Ce lia ha haa heretofore ap ape api i 0 d Cl An ind lI n ut or llo iii I is aCford il 1 li b i Ih he hc i by h Mr toll Jam In an given I out OUI by ly him In Halt flail Lake tAk tAkI LakeI I t on nil Thur dar d night to the fr 1 th thet t Ih stockholder de di den d tn In n el for an ex cx 11 4 f h option until Jan 10 it 1111 t I te S hUt hal Jones Jn said Id when h 0 j i lo In July Jul and Au gut KUo il ii 1 I iiii nut expected that there lid I h j rr 3 11 ed d for an ati extension of ot th Ih Jn uld Id ho he would be berr I itI I t tj rr tr out Ut UI hU his ht pay par of ot the Ule dral hug 1111 h th Ih the v l i s 8 I company comp would t h I Tint That WaS in tn July Jill and nd the th n e 1 ti I expire on Oct Od II 11 I it being U that If It tit tM the iM OM I I I lil lii 1 1 on or before betON Oct K 11 1 the UN t v re Ta d fog the th option was wall to in be ft i I j Tin Ti 11 of ot the h Utah Uta Ii hud hJ be been n pledged ed with tb th the I TuI 11 ut Safe De I cam JP I In II p tion of ot collateral for ler ti H t I r I oo t 8 K I 1 not 4 i I in III order rd r tomake to make the sale aale I t J It itu wa wu to IJ 0 in u II P t f i ent nl of ot the r s hr ed J thui action ho 1 an All prompt Ii r k h cau hi friend ht he tie I II Y I hardly wait to set t the AIL IE ASSENTS OTAy I TIt ht rk of lit getting l the tile assent ent wa wag lI tl tel mid a iid was ace a curried for ri 1 t IHo h the th Ih of ot Halt Wt rio rl I 1 I Taylor Fremb with grat gra at I n fl All of if the assents assent ent had lud not ht e ut 01 when the second rond 11 II Ir nr t I the flu Ih prim I pal that wa woe w paid on all i It h eti ne up payable and the mat matot i t r ot il lint the Ih assents wa wu w take taka I I ler 6 V tate Kafe at 1 I j 1 i i n nv u ci trust e u da do th tb thi I A II i ii n an MN th the assent had MId been bi bir t r re MS Wa w nut nettled fled and t wM w V I I lie It II H come lome to lo Reoh I I in hi I nt cor Jam e with hi b yol vol 01 t nl made IlIa In lit Ju u y to th tk ta Jt In ie II e uld uhl 1 Ii b rady to 10 till flir r ut I Ihs Die II bloe th tb the I i I Ii lt woud ud be he h Id aol I It i i ff f t I thu I I I c v th thi I II i 11 I l i I It i Oct Jet 1 t td 1 lt d 1 not l c iiii IH 1 at al one once etor thi tb of t th tit Ii lift Irl Fit JI lik Iok It v fui tUI tusA tUII ii A th a I di In if it f fi 11 j u uli li i O i ii r a ar r n 1 i f ih t h n o lion lIun rl Iol II I t 01 1 i aid add 11 1 t II 11 t lit si H ill et o j lh lb I A II it L thi tI a 1 XiO In t I I 1 Ito 19 9 Ill lu I u pi 1 I vt l lI I to the th lh i iid I till I i 1 I IK 0 sid id thu in I tta Ial I I on II l t r rV It I K U Ih th a Wj wit 0 V y yu IK IKIn H 1 I pt III I p red ired 11 t tr I I Ir r Ih In salt ext 1 i of i t the HOO OO HOOI t III No Non I 19 I rl ri In I II III IN 11 II n nt n g 1 I JM oJ j III ul ulI I f t fI tI I I n nI rl J I l J ii i tt d l 1 li ii I hl h hl n nI I l 4 I I t ft I II III II II Ia t 4 I I 1 IU Ui III It in lit upI i e eul I I I r ul III t luit ILI In III I 1 irl r f t fU tI I II I U I lu I i 01 i In It l an ito ani itoU II III U t i f I III lii 1 r I thy Hie tI t I F I ne lt I C in j n 11 IM I ii 4 m III mI I II I I I V all uI 1111 Iii lii Nok NOli NokI No Not 1 I t I UI ul mi 1 a II In III InI 1 LI I I p ui H ai i r 1 11 i I Ii I i II n in n fl i in Sil 01 I a ae aeI e i l I 1 I It I t ill 1 ne nen I n 4 I ui i t er r a C Cf if f I III II I II t III IIII i i 1 I 0 i 11 k it 1 are ar I t te teI i It Ii i i O I 11 Ij 11 I I II i l li ii 1 i 11 I i n I I h I H e UN I Pi t avelt o h a r impending It he for the Ih syndicate behind him to 10 put up the th required r by Dec 1 II eo o hp he h reached tr the following day daS hi had hd been n materially material v chand U 11 lie pm OMd that for tor the which he lie brought with him the Ih option be extended In It lt entirely to March 1 11 but when ho hn homade hamade made mad the proposition hero here h he to truck a amar aen mar en marThe The of ot the U V f I Ip people p Including the re committee were to have the Ml uie I ol of the Utah Ith con with the least laM d dill ly ao IO u aa not n t to Interfere with the t Impending aura are au Ml eel and Iti Jo Jeno wa wall waa Informed the committee did not look with favor tavor upon Q Ma ht It U He WAS I told that the committee in III o tI the m tt would require time limo to te r the mat matter mattar tar ter and he ho wets naked to tn give Ity a s certain tilte which expired on en Monday lat last altna II na consented COn and returned o 0 Salt lake IAk U ke CUr The FIte matter again 1 taken up liP with Jonea by toni mall and and nd hn he II vaa Informed that before fe a definite reply relIt could be bo given rIven iv nn a to 10 1 whether the extension of oi th the option would be en n a further time Urn of f 10 I dall dating tram freta Monday faCIa met last muni mu t be given Jon a waE wac already In III default on the option anti ami It waa rn within the th power Owr of nt the committee to te declare th the second aarond d had been left In Inthe inthe the of fit Joseph J W Taylor of ot the law taw firm of ot Pay Tay lor br French to be deposited by him In III n III bank for safe keeping and an 1 It ItH wait MJ H depOsited l it wm Wr wac mutually a reed agreed red that If It I the option wa wu extended th the draft WM wat to be Immediately tra trae to the telephone company a to payment lly nt for the Ih extension but that If It the th extension was waa w not flat granted the te draft dratt wa wait to 10 he tie r returned by h Mr lr tr Toy Tay T lor br to June Jon DEI HIS l REPLY R PLY did nut not Immediately reply Vly to 14 the request 1 for the additional 24 20 days day but It II I l II understood that he heto telegraphed to other I p persons ron urgIng them thorn to net met In the matter of the th ex cx tt to the th option A Aa the limit of ot the petted period that with Mon Men Monday day dy tact lart approached It became he m ei eident l dent that Jones Jonea would not grant the th ropo d extension It U 1 I Ii wild that the tho reason n la is fount fout In the feet fact that Jonea Jon had learned med that he h could not raise the emong the Ih people who ho wen w acting with him within the period and that he was aaa to raise rala It In other directions He Jle was waa playing for t r time It wa ws thought In order to whether It would be wiser wilier to lose loee l lee rather rether than try to produce the th 00 In th Ih meantime It hail had h 1 been Inti Intimated intimated mated d to the U t fl S I people thit ther there vas we another purchaser er In Ut Inthe the person ereon of ot R L Day Dey D y Company of or o N Nt New w York in the th field and anxious to Ii h become a bid lr for tor the th Utah tah ao le g curlU It was as al alo o Intimated that the th New ew York ork firm would pay par pa a 1 slightly lightly larger sum um In cash ceh than Ihn had hadn been n offered olfred by Ii b Jones When hen It be became oem came evident that Jonos Jonee Jon would n nt t grant the inday extension th the ne no n with wIlli I 1 IM Company were wre opened The Tho sole sale Ie for tor gold fold followed and the which Jonea Jonas had paid waa w Wa forfeited WHAT JONES ios SATS AY YR With regard re rd to that I would way say y that I 1 believe eve It was a written wHiten cUb tb er or by th the Dell Bell company or at t their request There are aN r rome ome me errors error in It but th they y are ate not It 11 to occasion remark Th en Mr Ir Odell Odeli and I wr were a it Rochester as the th ot of the th local l cale we went to Just before the option expiring Oct 1 lii wa wu up and w we requested an extension until March It 11 4 We Ve presented pr w Wit wita n nour our t a It draft for t to 10 b L forfeited In the event that thai the option Inn fir The afternoon the tion vw Wit made nu to them members m of or me Ine executive committees or hoard boards of o di dl director rectors rector I of n the Pole Tle 11 phone company compa y and the United d Stat Slate Independent Telephone company met together lo to discus a the proposal of nC Mr AIr Ir IrOdell Odell antI and my elf for the extension of t the option At tho the conclusion of or the meeting we W were er assured that tb the ex ox extension tension tenion would be granted They In It h formed Mr Odell Odeli and anti myself however that there wa not a quorum of or the II ti III 11 I 1 T director In and that n u would woold require some little time in wal Welch h to gather then them for tor the meeting ling to ex extend extend extend tend the option We readily agreed to the th delay delRY Accompanied by bya a It letter we w placed our draft for tor ISO 50 you In the honda bunds of at Mr Taylor farlor tatIng the condition n that It If the extension WM Wee not granted It should hould be returned to u uThe tarn The time limit for tor the thu consideration of DC our proposition was warn agreed upon as a Nov 4 Later the t h directors cs eo csc c to It u with the request that we extend the time until Nov 24 14 We did not Met feet like letting them spar lAr for tor time Urn In that man manner ncr ner with our tied up and nd w We returned refused to the tim TIM Tho next we learned wa wu that our dratt draft had d been beet returned and nd U tenon of ot the dill option refused by tn t TV I T company the Ue holding company b of our nut Interest with other Independent companies In Inter Int ter t t I IONEY WAS PLEDGED I Our syndicate 10 had bad with which to make the purchase but Jut the conditions In the world at t the time titRe It U Impossible for tor ua WI to follow along Iong th the plans plan we bad had laid W We presume pr that tat too the Pen Dell Internet represented r by lIy R It U L Day ny Co s 0 outbid u WI I 1 read mail III In the tho journal that t tb tIN the Day Vay lit had h act acted c tl a U Bell B beak brok broker er era ra and aM I 1 they acted ol for th tle the Bell pooai In ti bile It could bAve f boon been Q for to fo no other Itu If It I th the aale ae at ha has h been mad 1 to t the American Telephone Tep ft Telegraph com corn company puny pany th tM the parent of o th the II or to t say any ay other othar oth Bell 1 concern w we will wi light fight ht It to t I the court r of ot las It lu rt In New Yo 0 j w 1 vs Mure an tat a Injunction In under the tho Donnelly DI act ct th the stat tat tt anti antl nt tr Rot Act ct th tb the t tran transfer rr of if f th Ih he P IT l ft L I t p I to t th tb the A T TT TT h hF T F ThIs f as U Ia H a I parallel In Inv II ever v ry t We may mr Wing bring r our or ai x under the tho ti le t act at or under und the t t tab tb laws law We feel feci con confident on of carrying our point point for tor we have hate advice that the combination would b bH be beIt H It violation loton o of the laws lawn framed trai to t pl pre nt IB Iii II restraint nl of or trade trad MUTI a IH LH 11 1 WV W can an so e very fry well wil 1 V h Hi lb Well Bell Tl company want to 10 train gaits or r f the tb lh Independent and nd we kni that Ih thata t ti i a 11 noon n ua Ha u It II asia ti U or of the tl I L I II I I If t that Ibal wr possible and ahll It Is II tint not they Ih would raise ra their rat m mM en enL M I L u it I Hi Ih Il on 01 Ih th the plant mid Iid I lt of ot 11 lu flu U y Mountain Bill 8 0 I ii iiI rn 1 h I a I out alit 1 II li I M I IK ie rumored run so a I 1111 ei ihu II 11 I 1 t I I l i t ii i If 1 it 0 ret II it I la t I litt 11 MI l I u I n 11 1111 i tIU a ti mure l n i ti hii I 1 Cr did Id It e out UI j II I I i itt 11 n ur urr are very r gratifying end and nd out our ln trl feel n ore than tJ vei W tV have h hf lions uong man f In lii th the n ii l I 4 45 Mr M r Odell Mr W Walker Walkr MI SI I ii l 1 n I II nd j a il II I I r ro rg mid tIli 1 w we are r I t 1 f ro in Iii sights in II Ihl this mau i I t v iH III d 1 u II 1 1 tin tile I Hill lell i i 1 1 i gili 1 ut rii t f l t Ih In I I I n t u i 1 in ini I I II i itt i ille h through I I I h t uarl I Ii 1 in i t to a l Hi III mh In lii our nor right W Wf ai 11 it idt I tit II it II U i h a u u itS U lt t Ira r 11 11 I uld eat liol WI be t I w I I h I the Ih 11 I i i if t tin II I olti I Mint Kia IN I nod of or the Ie I tali Ie de rr i |
