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Show TELLURIDE COMPANY NOW FREE MOVE MEANS MUCH TO UTAH X ' All Charges Against Company Dismissed. No Evidence To Sustain Same. Mighty Projects Previously Announced Now to be Consummated. Meana Much to Bear Lake And Cache Valley The announcement of the dismissal of the suit of Louis Ftoz against Mr. L. L. Nunn.and the Telluride Power company at Denver this week is a . matter of much portent to the people of this section. This decision according accord-ing to Mr. Bacon, local manager for the company, means that the company la now free to proceed with the many projects which It had under way at the time this action was brought and which wero deferred awaiting the decision de-cision of the courts in the matter. As the decision now stands It Is a complete vindication for Mr. Nunn and the company, and It breaks the deadlock which for a year past has militated against Its operations. Work will now he resumed with increased vigor and the end of the present year will witness tho successful development develop-ment of many great projects Involving many thousands of dollars of capital. Foremost of these to tho local people, peo-ple, Is the announcment that work will now commence on the Bear Lake project. Tho plan Is to use tho Bear Lake as a storage reserrolr during flood season for water which will be diverted for Irrigation purposes over the lands In thelower Bear, River valley. val-ley. This storage water will also be utilized by the Telluride people, In I the manufacture of power. I It will take some 2 or 3 years to I complete the work planned in this I connection but it Is understood that nc I tlon In this direction will be taken at 1 once, fljrjfr Work on the power plant In Oneida ' Narrows, 15 miles north of Preston, will begin soon. This plant when completed will bo several times larger larg-er than the ono now located in Logan canyon. Another probability is that a pipe line will shortly replace the flume now utilized in tho canyon and the recent decision gives promise of great activity all along the line. The statement containing the Information Infor-mation is as follows: Friends of L. L. Nunn, general man-agcr man-agcr of the Telluride Power company, are rejoicing at the saw from Denver Den-ver yesterday containing the brief announcement an-nouncement that the Wit of Louis Fusz and others agtlMt Nunn and the company had beea dismissed in the United States court. The dismissal dismis-sal was ordered by Judge Robert B. Lewis on the ground, referred to briefly brief-ly In a dispatch, that the action was lacking in equity and Indefinite. The suit was Instituted on May 27, 1911, in the federal court at Denver by Louis Fusz and others, in fact, j a x there were two suits. It was alleged that Nunn, us general manager of the Telluride company, has misappropriated misappropriat-ed funds' to his own use to the amount oi approximately $500,000. An uc-counting uc-counting for the money alleged to have been misappropriated was naked. It wag furtherfore nsked that title to the company's property, stated to be worth JIO.000,000, be adjudicates Servlco of the papers on Nunn was made Mny 30, 1911, In n highly spec-tnculnr spec-tnculnr manner. Thomas Clarke a deputy United States marshal from Colorado, boarded n train nt Cheyenne on which Nunn was a passenger en route from Salt Lake to Cleveland, whither1 lie was bcundfor tho purpose of attending ti meeting of the directors direc-tors of the company. Service could only be made In Colorado, so Clarke kept n close watch on Nunn while they wCre fellow passengers. Later, when the 'trnln passed Into Colorado, Nunn locked himself In a stateroom. Clark choosing a time he deemed propitious, pro-pitious, hammered loudly on the door. Nunn thought the deputy marshal Intended In-tended to break the door down, which Indeed, seemed likely, so the occupant occu-pant drew the bolt and Clarke ob-tnlned ob-tnlned service of tho papers. From the meager telegrams received re-ceived In Salt Lake from Denver in regard to the dismissal of the case, It Is learned that Judge Lewis hr that there was no equity in the 1)111 of complaint, or, In other words, that no cause of action was stnted by the complalnnnts. History Of Company. The Telluride company was organized organiz-ed by Mr. Nunn In 1900, to tnkp over the hydro-electric power Interests of n mining company In Colorado, nlno tinder Mr. Nunn's management. The company was the first practical d monstrator of long distance transmission, transmis-sion, and has done, and is still doing, a vast amount of pioneer work. The first work of the company In Utah was on the Provo river, nt n point now known as Nunn's Station The company afterwards built a 10,-000 10,-000 horsepower plant nt the mouth of the l'rovo river at Olmsted, which Is one of the show places of Utah, Another An-other plant was built near Logan on the Logan river, one on Battle creek near Pleasant Grove, and In 1907 .1' largest plant of the company was constructed con-structed at Grace, Idaho on Bear river. riv-er. The company also has three pow or' stations in Colorado. Louis Fusz one of the complainants In the action dismissed yesterday, Is one of the smaller stockholders in the company, It has been generally understood under-stood that he brought the action at the behest of others of a minority Interest In-terest who professed to be dissatisfied dissatis-fied with the administration of Nunn ns genernl manager. Nunn has at all times, however, had the support of a large majority of the board of directors, direc-tors, and last year, at their meeting In Cleveland, the directors upheld the Nunn policies. Majority With Nunn. There nre thirteen directors on the bowl, nlno of whom have alleged themselves on Nunn's side. Four are admittedly opposed to Nunn's administration. admin-istration. Those of the directors who have stood behind Nunn's management manage-ment are Andrew Squire, president of the company, n prominent lawyer of Cleveland; A. M. Stafford, flist vice-president, vice-president, head of two Cleveland banks, tho Woodlawn and Broadway Savings & Trust banks; C. D. Wocott, second vice president, secretary Smithsonian Institution; A. T. Perry, secretary, principal owner of the Barrett Manufacturing company, manufacturers man-ufacturers of coal tar products, CIovo-land CIovo-land D. Leuty, director, president Citizens Savings & Trust company, Cleveland; nalph King, director, capitalist cap-italist and real estate operator, Clove-land; Clove-land; A. M. Johnson, director, preI-dent preI-dent National Life Insurnnco company, Chicago; P. N. Nunn, chief engineer, consulting engineer of the Ontario Power company, Niagara Falls; S. A. Bnlley, general counsel. Salt Lake Theso four directors are not In ac-Continued ac-Continued on Page 4. Telluride Company Now Free. Means Mlcf) to Utah cotd with the administration of Nunn; James P. Campbell, ofllclnl ot the Frisco rnllrood, St. Louis, Fcstus J. Wade, president Mercantile Trust company, St. Louis; Wlllinm Storey nnd Frederick Stelgmeyer, attorneys, Salt Lake. The copy of Judge Lewis' order ot dismissal Is expected to reach Snlt Lake within n day or two. In this order the friends of Mr. Nunn hope to read n full and flnnl vindication c. the ndmlnlstrntion of Tellurlde's general gen-eral manager. |