Salt Lake Herald-Republican | 1911-12-17 | Page 43 | Traction Company Deal Said to be a Canard

TRACTION COMPANY DEAL OfAl SAID TO BE A CANARD Reported Sale of Electric Light and Power Company De Denied Denied Denied De- De nied by Its Officials The mask was torn from Crom another financial canard yesterday when Fred H II Knickerbocker secretary of ot the Utah Light Railway Rahway company and Parley Parle L L. Williams its general couns counsel counsel coun coun- s sel l declared that there could bo be no truth ruth in the report that negotiations were under way nay for tor tho the sale of at the majority of ot the stock in the tho Utah Light LIht Railway allway company to a Boston concern concern con con- cern W H. H Bancroft president of ot the company compan Is on a train somewhere between between be- be tween Los Angeles and Salt Lake or orits his its denials probably would woul would have ha e e a been added to those of oC tho the company's attorney attorney attorney ney and its Hs secretary If If an any such deal wore were pending there here would be conferences here between be- be teen tween weon Mr Bancroft and other Interests interests inter Inter- ests esta in ln which Secretary Knickerbocker and myself undoubtedly undoubted I would have part said Mr W Williams yesterday The rumor has huf been beim abroad for tor some sometime sometime time imo that such a a al deal was pending but it It spread only In In unreliable circles cir ctr- cles We we on th the inside have been assured b by the persons persona most Interested ln In n the stock that u such h a n deal has never been een thought of ot In view of ot President Lovetts Lovett's of the condition appreciation o o of the property such a deal would be almost Impossible because of the the- baton of ot foolishness upon the tho part art of ot th h t stockholders it ft would entail If It an any such negotiations ne were wre under under under un un- der way we would have been advised of ot it said fit Mr Knickerbocker There can be no truth in tho report said Joseph S S. S Wells general manager of the tho company I