Show BLACK LA K PHONE PHONEr J r I SYSTEM IS SOLD Ne New Jersey Man Now in Full FullI I Possession of Utah Independent Independent Inde Inde- f pendent Company ii NEW OFFICERS ARE NAMED r I E E B 8 Jones Jones Jones' Out as Managing k Director Direct r and Van Cott in in iii Place P Temporarily r t j George A A. A Berget of or Hoboken N. N J. J secretary of or th the New e Jersey Jerse Trust 1 company i. i has has lis bou bought ht tho the Ut Utah h I Independent hide Inde d dv v pendent pendant Telephone company j At M a 3 n e of tho the s stockholders ers c- c yesterday t rd y afternoon directors lre tors were i cle elected fc At t a n m meeting et eUn n e the of-the directors tor y held 16 15 minutes later new officers of f. f the comp company IlY rE elected tec ed By the change e Hayward rd A. A Harvey e p personal rs nal tho of r Mr Ir Berber Beger ener a- a LJ l becomes pres president dent of the the company compan succeeding Heber r J. J Grant t Waldemar r V Van n Cott CoU who also rep- rep to- to ros os nl i Mr Berger Bergern In n the tho transfer trans of oi the thc shares of stock l held b by Utah capitalists cap- cap to to the Vew ew ew Jersey Jency m man n Is now new managing dIre director t r Elmer B D. Jori Jones J. J n Benjamin R. R Howell was elected sec- sec i. i r retty and treasurer replacing D. D B. B Mackintosh I IThe 7 The V nC new directorate orate is made mado up of ot Mr lIar Harvey ey Mr Ir Van Yan Cott Cotto Mr MI Grant George T T. Heber M M. Wells cUs S. S F. F p Fenton f J. J H. H Mo Moyle U jle le J J. J D. D Spencer er and nd nde e Lawrence Green Retiring directors it are are Mr J Jones n s M. M f H H. Walker er L L. L H. H Farns Farnsworth orth N. N W W. Clayton and John JohnHenry Henry Sin Smith h. h Mr 11 Harvey alone of ot D' D i- i ithe the new board has any considerable amount of or stock o As As I understand It said Mr Van l Cott tho tho new now managing head hen of or the tho I r campan company tho Utah Independent will vIlI I- I carry carryon on Its business as heretofore aid d In opposition to the Rocky Moun- Moun In lU Bell Telephone company compan I suppose sup sup- pose TOSO Mr 11 Berger ma may r represent a 3 syndicate syn- syn but who compose It I do not know 0 I was given gJ to understand f however when I was In New York YorI in December that the new owners are not affiliated with Ith the Bell Den Interests ts 4 New Operating p Head Coming I 1 have havo not the technical knowledge t. t I ne necessary essry to n an active head of a telephone tele- tele f J ph phone l company and therefore my poIl po- po Il- Il 4 s as m managing director wl will l b bet bo be t t only temporary I shall not relinquish ri i ray my professional lo al practice and n shall flU fill Z the post conferred on mo today only t. t O until a successor or may be Le chosen Notwithstanding Mr 11 V Van n Colts Colt's to 4 statement t me i tending ng to give an an Impression mon sion to the contrary the surmise prevails pre pre- v vails Us th that t tho i Bell Telephone company is s pr probably Interested d In the deal eal consummated con con- B summated mm yesterday Y That the thc Rocky i Mountain 1 Dell Deli Tel Telephone ph ne company ii may not have hL much to do do with the 1 new purchase Is admitted d as as eri entirely y probable Some people aro are less willIng will will- Ing to believe e however that the tho parent parent par J i ent Boll Bell Telephone Telephone- company compan s sometimes son some times s known as 29 the telephone trust h. h h has s n nol t an active acUe Interest In the transfer transfer frans trans trans- fer ter of ot stock accomplished yesterday 14 It Is pointed poIn d o out t that It H is no no uncommon uncommon uncommon j mon plan for tor the DelI Bell Telephone company com corn t. t pany to tp have lia two companies les in n one community and that It thereby in increases in- in 1 creases s. s the re revenue nue it receives from the business men of ot tho the community 1 Bus Bu's AU Stock V i. i That an any indications point that way 4 however Mr Van Cott denies He sa saya he understands s that Mr ir Berger Berr Ber Ber- ger r nn and whoever whoever are associated with 4 hl hi him m Intend d to run the Utah Independent ent ent Telephone company as a lL competitor 17 of ot the Bell and to fo make It tt-I tt a mon money making r enterprise He Ho Hep p points to to th fact a t ha Mr Berger was cas not with obtaining control of or the stock ck bu but continued hl hU his Ua- Ua 1 J tI tion until it was all h In his lila po possession I This s Mr Van Cott CoU Is common con non enough with men who take over oyer a n. co concern concerns that Is not on a dU pay pay pay d-pay- ing basis and make mak of ot It ft a good In In- In vestment estment The rhe can can buy U cheaper r when the tock stock ock is not giving returns on them tho the m morie money ey Invested The deal eat c consummated yesterday co comes es as the the o of a long series serles of or orn n negotiations tho inner details of whIch w would wo l 14 r read ad something like ilko a novel Bui Built t with the aid of ot tho the United States State T Telephone i phone company copan o of Rochester the tho Utah concern n threatened atel last year W when e tho he Rochester c company ny was waS i in difficulties to go Into the hands of ot tho the t Amer American T Telephone and nd ph company Y which Is generally known as ss the Bell ell Mr r Jones however b bj interesting Utah capital In the undertaking undertaking under under- taking managed to obtain an option on l th the bon bonds a an and stock for tor ThiS ims was fter a a. fight light had been car car- ned th through thi a gh the courts and the fhe Neu r. York Judges Juges had declared the control Control contro I ot the of-the the Utah tah company by tho the Bell Den Illegal Ille- Ille e- e gal lal V VV V V V Slump l Prevent r De Deal l. l Then c came mc the reorganization of ot th the Utah company compan and th the choice of Mr l Grant n as president lit In tho meantime thos option ii iiran ran out without full arV ar ar- ar- ar V for tor tho the pur lafo JoIns being V made The bond bonds were held heM IJ by Iy Da DaV V Co brokers but control of ot th the V capital was to to Mr Ir Berger V who obtained shares Mi t t Berger then went after the tho other other oth oth- er shar shares V s and und obtained possession possession posses posses- sion of ot thc these only after tel promising 1 In InI I addition to th th the tho purchase price to o pay V back the sunk Bunk b by the Salt Lake i men In tho the option This money Is to be bo V distributed l to the the- men who raised It ft I V including Mr 1 Jones Jone Mr Walker Mr Ocl li Mr Mi Grant Mr V ir Fenton Fenlon Mr V Wells Governor J J. J C. C Cutler Thomas Thomasit R. R Cutler tier L. L 11 H. Farnsworth and nd others oth oth- ers I f Thus after fighting tho the trust In the courts courte the Utah men Interested were compelled to drop tho matter because c Hi financial stringency came caine came lost St fall tall Just at a time when they were were trying ti to amass maEs maE's somewhere In th the rici pr- pr hood d of ot to finance tho the dea deal V Fight la It J Ended With Mr 11 Harvey as ns president and the stock almost to a dollar in the hands of or Mr Ir Dor Berger er It Is la n t thought though that an any F further fight will be made by toc local 1 capitalists to get possession o othe or of orthe the com company pan What price was paid for Cor the shares held locally Mr lr Van Cott Cotto Is Js not in a position to state tate It Is understood however that the range l-ange varied with an average price somewhere In tho neighborhood of or 10 cents |