| Show I It NE tW CORPORATION Cement Securities Company Ab Absorb Absorb Absorb Union and Colorado Port Portland Portland Portland land Cement Companies WEBER COUNTY AFFAIRS city IU council Appoints Nev Jailer Jek I k Libel Suit Hear Hearing I ing Hog Cholera Jim Jun 28 Tho Union Port lort Portland Portland land Cement company which bogan operations about a n year ngo having a n factory and properties In n Mor 1101 Morgan Morgan gan county at Devils Slide has hils decided It JI ed to 10 consolidate lIte Its Interests Intercom with tho Portland Cement company of at Color Colorado Colorado Colorado ado making malting a 0 corporation to 10 lie be b known knowlI as nJ tho Cement Securities comp my Ill stockholders have havo Just jual been notified of O tills this step stop by the fol to following lowing letter lettel Sir In this day of ot commercial ac tc tIvIt the tho fundamental principle under all nil business success lbs In tho tact fact of ot being able abut to produce or w r to at a minimum expense nod to sell at a II reasonable profit This profit should not flOt be bo so grout great relit as ns to ex ux lIt the tho cupidity cupl ot of tho the avaricious tI should it be lie so sinai email as to l capital from Crom engaging In IrI tho thu thoi i YoU rOil have haVo kept abreast o of the tho timis tim i know that huit 1 tl o of cit r what Is lii commonly called Portland mi nt ho hu In III file llio last fio years In the tho United Cement Is la taking tho of ot tone stone brick wood WOOI Iron and ic 1 In Iii the concrete our our prosperous country and wo ve e predict that Hiring the next flet 10 years rears tho the ld cl tireS Ues to tv ti which cement with will bo ho put will bi bt tar far greater than It hIts has been for Cor the Ih Just lust live five years the tho last six alx months ho tho board of oC o directors of ot tho the Union Tort Port I land Cement company has nIVIn thoughtful consideration and amI duo lu Ic to the Ul Ui question how stimulate our trade did and yet et at thu tho rune fmc time to give glo the tho wage WD O earner a aall i tall fall all return rl turn for tor his hili work worl and to Iho tho Investor a just jU lt compensation for tOI the capital Invested The board of directors of ot the Union Portland Cement company have con concluded 1 that It will bo bu b best for tor the In Iii of ot all nil tho thu stockholders of ot tho tile J Union Portland Cement company to Iu turn over oer their stock to a 11 corporation to be known as the Cement Securities company com pan a n corporation which will bo lio organized tinder er tho the laws of ot the tho tUtu tato of or Colorado with a capital stock of ot with a par pal value of the tho stork ui of per share Every stock of ot tho the Union Portland Cement t company will receive In stock of It r till the Cement Securities company for Zor each share sharo of 01 tho the preferred stock In Inthe Inthe the tho Union Portland Cement company am for Tor each ench share sharo of ot tho tha common stuck of ot tho tito Union Portland Content Coment company each shareholder will ro re rehe dye 50 worth of ot the tho stock of or time the Cement ement Securities company compan The TIll Cement Securities 1 company will aln aIo al o take over nil all the stock of tho time Portland Cement Content company of Colorado and will Issue stock of ot Its own In thu tho fame proportion as II Is Issued to tot the lime t h stockholders of ot the Union Fort Port land lanil Cement company compan It Js i tho the understanding between en time the board of ot directors of oC the in I Content Cement company of ot Utah nIl am tim tho Portland Cement company of or 1 Colorado that each company shall col lect leet all hills duo limo UI up to ditto date anti and shall HitCh 1 Io till all bills owing so that when tho tock stock of ot these companies in III turned Over 01 to the time C Securities coin com company this company will ihl take tao both tree free and M clear of ot all ull debts If U our plans can ba bo successfully consummated mated wo tro believe that the trade will viii be stimulated expenses cut clIl down and am the time profits to thu stockholders greater than they thoy were werf before In older to guarantee that emch company COlli 11 will vill pay oft off Its 1101 and amid turn lurn this tits property free treo and clear elear to the Cement Securities company coman 11 I Itier tier per cent of or the tho stock duo to oa oah mh h from the tho Cement I tl tI 1 company will bo ho retained as a 11 guarantee and a 11 security for tor or tho the pay ment of or these As s soon Boon oa en thise 0 debts are uro paid then thuu the Iho 10 11 per imol cent Will 11 bo ho Issued to 10 each stockholder In IntI tl n tI to the tho Your cor coOperation oo Is lit III In In itt In matter cr and Imd you nrc Ie l c qu sted to deliver tI your stock at III ome e eto to thu th National batik bank of M Ol O Olden den deh City Weber eber county stat stata a of ot Utah which will act ct as n it In holding your and anel delivering limo steel duo you from rout the thu Cement ties company If It you will call at onne at the tho National bank JU 11 liver lIer your u It receipts will hll bo given for tho the Mme Mine and If It you din Ira I further Information concerning con the tho matter that will abo bo be forthcoming UNION CEMENT CO COBy By Dr C W v I |
