| Show BELL COMPANY GETS r FT S BIG PLANT independent I 1 EQUIPMENT SELLS FOR Sl PROPERTY SOLD AT AUCTION bell company will utilize both plants at present until they can be consolidated the last act in the caret career r of the utah independent telephone company has been pla placed cd and the company compan pai pact ees es into oblivion in utah the plant and equipment was sold at public auction on mond i bidders entered the luction arena E W lakein vakel represent ing the eastern bondholder and H vance lane representing the rocki rock mountain rell bell telephone compan following Follo winK extended bid hid ling lint which to the onlookers apparently was of 0 spirit ed order the property vias nas lold gold to mr air lane of the bell com company for the sale to the bell company cointa is 13 fur for the property exclusive of the second iry ry franchi franchie e which includes the right to operate telephones lines line i in I 1 number of citie the tate state outside of salt like city mr air eakles Wa kles is bids were for the property including the secondary 3 franchises between 40 and 50 persons cong re gated at the west eltran e to the building A few minutes before lo 10 among them were walls mar van cult cott president of the independent telephone company E W wakley the eastern bondholders bond holders 11 vanee vance lane dent and general manager of the bell telephone company D B mackin tosh arv of the independent telephone company walter C lyne city councilman and james 11 II mole D B mackintosh secretary of the company which efferd its property for sale was promptly it at 10 he liked asked for bids for the property including the secondary franchise no response w wi forthcoming following a silence which became almost painful n view of the circumstances surrounding the sale the property was again offered for bids this time without the secondary fram fraDL hisa hise E W himmer of chicago one of the promoters of a new projected incle independent telephone lel ephone company com piny had pre declared that he was at the head of a coterie of capitalists or a b syndicate indicate which intended to buy the property and operate it on oil i a franchise to bel obtained from the city council whom do you ou represent wis was the query then put to mr lane b bi the auctioneer the rocky mountain bell telephone company was the aniser mr air line and his part then jumped into automobiles and tilted toward his office for the purpose of finishing fini hing the details of the sale prior to bidding mr air mackintosh announced that an any bidder whose hose financial standing was nag not known would be required to deposit a certified check for 10 per cent of the amount of the fin final A bid bedfor he would be announced as a purchaser the financial standing atin stin ding of nir mr wakley was well known and his condition therefore was not insisted upon 1 I want the prop crt 3 said mr wakley after the sale had been consummated 1 I just wanted to force the rocky mountain bill bell tele phone compa company nj to pa pay whit the bond holders wanted to realize from the property I 1 guese I 1 made that company compan pay a pretty good figure at that H vance lane of the bell europ in made the fol following loing statement this morning of it the intentions of his company compan we will congoli consolidate date the two plants and operate them as one system as soon as aa conditions will lermit this is a much more difficult problem than the public realizes zeb from the mere use of the telephone in the ine meantime antime to the requirements requirement of the subscribers of both companies it will be necessary to continue operating both systems as thought no chandl in ownership it hid id taken place to hasten the consolidation which the public has every right to expect we are arranging for the ts of competent engineers who aho hac had experience in dealing with like situations to assist in this work on account of increased number of bubs subscribers bribers and increased amest ment it will be decesar ne cesar to make inake some rate adjustments wo we are studying the rate situation and ami will loon goon be able to fix fax upon i 1 sell dule of rate that will be just allie to the public aej the company compan |
