The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-04-15
BUTTE News
STOCK TO Be DOUBLED
Big Work Planned by the Bell
Telephone Company.
MATERIAL ON THE GROUND
Extending and Perfecting the Lines of
the Corporation New Connec-
tons Are to Be Put In
Immediately.

The Rocky Mountain Bell Telephone
company is preparing to engage in the
most extensive construction work of
its history. At a special meeting of the
stockholders of the corporation, held in
Salt Lake Thursday,\a resolution doub-
ling the capital stock for this purpose
was unanimously adopted
The present capitalization is 100000,
and the increase of 100000, which noes
into effect as soon as the stock certifi-
Gates can be printed, makes the total a
round million.
OF the entire 5000 shares of 500 each
in the original company, 1920 IL shares
We're represented in yesterdays meet
ing. 1t was decided to sell the new
stock at par, which is the figure at
which the last transfer of the original
stock was made.
President Wallace said no decision
was reached as to how the new issue
would be fioated. That feature will be
left to the board of directors, but it is
tacitly understood that those who hold
stock now will be first given an oppor-
tunity to invest in the new certif-
Gates.
Il would. like to dispose of all the in
crease in the West" said Mr. Wallace.
Our company's largest dividend was
per cent, and that isn't very high for
Utah investors. 1t is considered a very
good margin in the East, however, and
if the stock is not disposed of here, I
anticipate no difficulty in selling it
there"
Mr.. Wallace leaves for the East some
time next week, for the purpose of rails
ing $225,O00, with which to meet the first
expenses of the proposed extensions.
His headquarters will be in Boston, and
he hopes to sell enough stock to cover
the amount named. If not, he will Dor
row the money on the cOmpanys credit.
Much of the work of extending and
perfecting the lines of the corporation
is already under way. The material is
on the ground for an extension from
Nephi to Mt. Pleasant in Utah An ad-
ditional pair of heavy copper wires is
being strung from Salt Lake to Lo-
gan.
The work of constructing a line from
Idaho Falls to Dillon. in this state, and
the stringing of heavy copper wires
from Pocatello to Dillon is being push
ed rapidly forward. This will complete
the connection between the Montana
and Utah divisions of the company en-
abling all Montana points to talk with
all Utah points, as well as points as
far northwest as Spokane over the lines
of the corporation.
General Manager Murray gave details
of a line that is being built from Weispr
to the newly opened Buffalo Hump
country in Idaho. He said that a new
line was also in process of construction
from Sheridan to Virginia City, Mont
Of the work in Utah, Manager Muir
ray said that lot of renewing was be-
ing done. New poles are being put in
from Provo to Nephi, with additional
copper Wire A new pair of copper
wires are being strung from Lehi to
Camp Floyd, thus giving Tintic and
Mercur separate lines into Salt Lake
New cedar poles are being placed on
the route from Ogden to Logan. Mr.
Murray stated also that q line from
ogden to Evanston. WYo., will be COM
pleted before enoW flies.