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Show NIBLEY RESIGNS AS A DIRECTOR At a recent special meeting of the stockholders of the Utah-Idaho Sugar i company In Salt Lake Bishop C W N'ibley withdrew from the directorate the explanation being made that it was done to avoid the entangling slt-ition slt-ition of Interlocking directorates In the sugar bUSlneBS of the slate. .Mr Nlbloy Is also a director and officer of the amalgamated company in this city and it Is expected that he will remain in the Ogden company. In all likelihood the next change will be the withdrawal of Presldl nt Joseph P. Smith from the directorate of tho Amalgamated Sugar company He Is president of the Ogden company, com-pany, acting, it Is claimed, as trustee In trust Tor the Mormon church. It Is also understood that Bishop Nlbley Is trustee In trust for church Inter est8 as a director In tho Ogden company com-pany Nibley resigning from the Utah-Idaho company board of direct ors and President Smith withdrawing withdraw-ing from the Amalgamated Sugar company com-pany directorship and presidency, will bo the means of breaking the interlocking conditions in Utah sugar affairs. At tho Salt Lrfike meeting $3,000,000 of common stock was retired, leaving the company with a capital of $P -000,000 preferred stock, of which it is reported, ?' 499,730 has been Issued. Is-sued. net |