Show ENGLISH CAPITAL GAPIT At FOR LOCAL PLANT Salt Lake Public Service Company Company Com Corn pany to Resume Construction Construe Construe- tion in Short Time NEED ONLY READY MONEY Industrial Scheme Said to Be Ready to Push Work to Completion Th That tho the Salt SnIt Lal Lake Lako o Public Service company Is shortly horth to be accorded a a. aner anew new ner lease of ot life lIfo IB is tho the gist glit I t of or a well well- defined rumor current in Salt Lake Lako s circles The company compan r l its appearance appearance appear appear- ance anc on the tho local business horizon about three thre years ears ago no at which tint It was grant granted d a a. number of ot franchises by tho the city und and the work worl of creating r It ft plant to 10 provide heat heal and light l tf to Salt Lake residents was commenced Ground was secured on Third West cst l. l between First and Second South I ts und and certain water waler rights ts s cured in tho the Cottonwood canyons Work Worle on the tue construction of a dam un und reservoir res rca there was waft started and on th the tho power cr plant site Ite one ono o of the highest concrete stacks slacks In the city was reared Later Luter It was announced that a L contract contract con con- tract for fOl a n. continuation of or the construction eon con of or the plant had been let to toa toH a H Chicago contracting firm finn and anti that the compan company's H bonds amounting to lo pom somi hundred thousands of or dollars had h Columbus been underwritten by a Ohio 8 syndicate find and everything c was waa In shape for a n. systematic prosecution of or ortho tho the work worle of construction Tb n tho tIo Vork Stopped rd Following l the erection n of or the tho stack referred to however little or oi- no work woric was vas done although the tue Chicago contracting con con- trading firm has hus nil all along had a titan man manOn On the tue ground looking looking- out for or It its In Interests Interests In- In and antl to superintend the tho building of or tho plant One b by ouo one tho the franChises franchises fran fran- ranted granted be began an to expire as a result of the tho company's Inactivity ll and renewals alM of ot these were welO secured d and a afresh afresh fresh Cresh date set for the tho commencement of ot work 0 So far Car however there has been no work t At the local 1011 offices off of the company absolutely no Information Is heln being given I out although the statement Is made by parties In lit a n. position lo to know that the bonds have recently passed Into the posse possession of a n. syndicate of or English capitalists and arrangements are arc now no under tinder way looking to tho the early eallY resumption of oC construction TIt Tho plans of or the tho M syndicate are arc said sold to also aillo Include a change h in the local management manage monago- O- O ment and It is pretty t generally understood under tinder stood that thai tho the pr president nt and manager 1 J. J J. J Chambers has already alread tendered his resignation to the thc new flew Interests ii Trouble In Getting Money At the time of oC the organization ot the Salt Lake Public S Service company there thero was as a general ral feeling that the company would wo till fill a Ii want long felt and ani every encouragement was given them to go ahead d and got get ct re-ad re ready for business The rho financing of or tho the company com coin p-J p rainy pany n however Is said to havo have been boeti a harder proposition than It appeared on the surface and no matter how bright the time outlook seemed at various times there titers was wab always K some little detail to interfere Th The moncy moneY stringency ency was a A. factor which stopped operations for COl COlmore more than a year of I News Ws of ot the early resumption operations is 18 well received in local business hits bus iness circles and Hond the hope is expressed that once started the thc work of completing lag InS the plant will continue uninterruptedly uninterruptedly until tho the company compan is 18 actually ready for fOI operations |