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Show TRUE 'STORY OF THE FRANCHISE -r OF LOGAN RAPID TRANSIT ' Grave Injustice to Mr. David Ecclcs Thcjlumors of Pecuniary Pecuni-ary Gain on First Franchise arc Now Set at Rest and Arc Silenced by the Truth of the Transaction. It hus recently como to Ms office that some Irresponsible poisons, n:.'l Ignorant of facts :.t that, nave b:cu industriously circulntlng the story j through the county that the president of the Logan Rapid Transit Hallway' Company, Hon. David Kccles, after proem tug u franchlsa from Logan City to build nnd operate an electric railway, turned the said frnnchlso in to the company, or In other wt:dj sold the franchise to the company for a largo sum of money for which ho was given stock In the company. In usimtch ns such methods are harmful to a community, us well as the company com-pany and Individual that Is misrepresented, misrepre-sented, and In order that cltlzeins might not be further Imposed upon by such lrresponslbles this paper Interviewed In-terviewed Mr. Joseph Qulnney, Jr., the secretary of the company, and was Informed that there was not a word of truth in the stntomont, and further that President David Kccls3 paid one hundred ccsts on the .dollar in actual cash for every dollars' worth of stock to his credit. "You have heard of the story that Is being circulated, havo you not Mr. Qulnney .concerning tho transfer of tho Logan City franchise to the L. It T. Co?" wns asked. "Yes sir," wns the reply. L"V1U j on please make a statement ns to how tho transfer was made?" "Certainly. Tho transfer was made for and In consideration of tho Bum of ono dollar, and tho one dollar nov-. nov-. er changed hands. In tact, it is for-WpiA for-WpiA olgn to the make up of David Ecclcs V, ,T to accept monoy from his friends In, ? a proposition where he In not paying la dollar for dollar with them- Ho docs nf not do business that way. He pro- If cured this franchise, for tho company, I and tho company got, It. without par M Ing ono cont for it." I "Did President Ecclesj receive any I stock for services rendered In secur ing the frnnchlso or In Uio promotion 'of tho cntcrprlso in .any "woy;,"was tho next question. f "No, sir, ho did pot recclvo ono dollar." "Has President Ecclcs received any consideration in a material way over and nbovo any other stockholder In tho compnny, Mr. Qulnney?" "No sir, but outho other hand ho hns done u great deal of work for which ho has never chaiged, nor does net propose to charge ono dollar. He spent a great deal of tlmo while east purchasing tho cars, and equipment, and did purchasa tho material nt a better prlco than wo could hnve don here, nnd has not received one dollar therefor" was tho reply. "You nro In n position to l;nov Jrst who paid for stock and Just how much each stockholder paid, are yoii not Mr. Qulnnoy?" "Absolutely In a position to know' all tho details' and facts connected therewith, No. one received a dollars worth of stock thnt was not paid for nt tho rato of one hundred cents on tho dollar. All the equipment was bought nt the lowest possible price. All our assets aro represented by actual ac-tual equipment, and thero Is not, nor was not at any tlmo one dollar In watered stock in tho company. Any poison or persons who aro circulating circulat-ing these false reports, for false thoy are ,aro" doing an Injustice to their fellow man, who docs business on tho square, nnd wants to build up communities com-munities where ho is Interested, and aro also doing tholr county an Injus-tlce, Injus-tlce, and are wilfully or -lgnorantly imposing on the people of the county." ' . n |