Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-09-14
NAMES OF THE SYNDICATE.
Heber J. Grant & Co., Financial
Agents for the Utah Independ-
e1t Co., Invite Subscriptions.
liabilities Of 100000 Can be Re
tired on Payment of
$1,000, 900.

The plans for the reorganization Of
the U.8h Independent Telephone COM
many have at length been completed by
the financial agents Heber j. Grant a
company. and the official announce
rrsnia win be made today. The first
one sued appears IN another part II
na saturday News
The syndicate Of local capitalists who
have had the reorganization OF the
company I'm hand since an option was
obtained in Rochester on the stocks
and bonds. is headed by Heber }. Grant
NJ H Walker. George T. Odell and the
others whose names follow. Among
Che holders of bonds and stock Of the
company VIII be Walker Bros. bank
,rs. Moritz & Cullen. and other lead
iua Institutions. Those who made the
first payment Of $50 600 cash In Roches-
t.r to secure the option are as follows;
Thomas II. cutler vice president and
general manager Utah-Idaho Sugar
company: NJ. H. walker president
Walker Brothers, bankers; John c.
cutler, governor oi the State of Utah,
Hcber j. Grant. president Home Fire
Insurance CO.; Elmer b. Jones' man
aging director Utah Independent Tele-
phone CO.: Francis NJ. Lyman, director
lions Cooperative Mercantile Institu-
ton: Heber NJ. Wells, manager utah
Savings a. Trust Co., Geo. T. Odell,
general manager Consolidated wagon
a. Machine Coz Charles :. burton,
cashier state Bank OF Utah; John Hen
Gn-nn Furniture
90. G.. 6. Wright, manager Idaho Falls
Branch Consolidated Wagon a. Machine
90. James Christensen, state treas
urer. Ncphi W. Clayton, president
CLAYTON Investment Coz Horace -
Nyi,itnev. secretary and treasurer Utah
r5gbo sugar CO.: John q. Sharp,
,rnltaHst: George M. Cannon. real es-
tst and loans: L. ~. Farnsworth,
cashier Walker Brothers. bankers; 4.
rraI Wey. proprietor Wilson hotel c.
Martin. president &. $. Martin Coal
DO. vs.. ]. Batcman secretary lions
Urraft Building society; Joseph
Gaaehegan. :. r. Fenton, and Brigham
H.ber J. Grant stated to a repre-
..rfaIfyc of the News" today that
tHa amount thus FAR subscribed was
100000 and new subscriptions
wore being received daily II was the
Intention he said. 10 make the COM
many "a representative Utah concern,
such 8s ats name implied and the
stock and bonds will be owned al
most exclusively I'm Utah, Mr. Grant
s. enthusiastic over the outlook Of the
company under the reorganization
raus re confirmed the reports pre-
Yusy printed. that the existing lia-
lHtes amounting 10 S2,1O0.OoO and
hoIU In Rochester, would be acquired
go alreat bargain, owing 20 the fail
ur. of the holding concerns in that
ctr and the compromise deal made
hg Managing Director Elmer =.
Jones. How heavy a discount was Sc
cured ou The stocks and bonds is
Shown by the circular 10 investors,
WI states that the Sl,2O0,OOO 10 be
would pay an the companys
I. .. .nrss. leaving $4,000 In cash
.. H.u. and S12, 600 in supplies fully
U.Ia l.. 10 is also proposed to leave
..HH Hlnds in the treasury as a
..a ION future extension.
...y subscriber 10 the fund Of 81
$4,000 win be given bonds at par with
per cent interest dating from July j,
lt and au equal amount of the stock
0s bonus. The net profits Of the
company ore now given as $4,000 per
ann1m which viii take care OF the in
lensi H the bonds and leave a safe
margin over. The terms ON which sub
-'in.'. are invited 90 invest are that
I.' cent rs to be paid In cash, and Of
I1e -U3inder tWo-thirds rs payable
ou u. before October 10. 1907. and the
u.H". u.e-third ON or before December
' . sums of 500 and upward will
D.. wed.
If. circular also states that the COM
.F hos exchanges from Preston. Ida
hI nH Ine NORTH 10 Eureka, Utah on the
south. Hll connected by It's own toll
10 has subway lines covering
m. entire business disoricts of salt
~. aud ogden, and owns its own
h' Hss and real estate in Salt Lake.
u- Park city and Eureka, am OF
E..H have greatly increased in value.
2.3s6 miles OF COPPER ton
". .1uuecting its exchanges, and pa
u .IDs OF copper wire in lead cables.
over Sl50.00O. am Of which rs
N.. moro today than when pur-
l. The company has nearly no 900
homes now Boo operation and the
f' eystcm is capable of handling
HE 10 OlO
n Har j. Grant a. Company are send |
'ut subscription blanks FOR stock |
.uuds and their circular states that |
Hrnposition ls open 90 tho public |
give the Investment strong enc |
mont and state that their own |
"N| .IHfIuU 10 the DufDrurlaa a. So o0o /