Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-01-28
Cement Securities Company Ab-
sOrb Union and Colorado Port
land Cement Companies.
WEBER COUNTY AFFAIRS.
CITY Council Appoints New Jailer and
Desk Sergeants-Libcl Suit Hear
ing-Deaths- Hog Cholera.

ogden. Jan. 2S.-'The Union Port
land Cement company which began
operations about a year ago, having a
large factory and properties in Nor
gun county at Devils Slide, has decid-
ed to consolidate its interests with the
Portland Cement company of Color
ado, making a S6,00O,00 corporation
to be known as the Cement Securities
company. The stockholders have lust
been notified of this step, by the fol-
lowing letter:
"Sr-ln this day of commercial nc
tivity the fundamental principle under
lying all business success lies in the
fact of being able to produce Or to
manufacture at minimum expense
and 10 sell at reasonable profit. This
profit should not be so great as tn ex-
cite the cupidity of the avaricinus:
neither should it be so small as to dis
courage capital from engaging in the
enterprise.
You who have kept abreast OF the
times know that the manufactur, of
what is commonly called Portland
cement has increased wonderfully in
the last five years in the United
states. Cement is taking the place
of stone. brick, wood, iron and steel
IN the concrete upbuildinF our our
prosperous country, and we predict that
during the next 10 years the manifold
uses To which cement will be put, will
be far greater than 1t has been for
the last five years.
During the last six months the
board of directors of the Union Port
lana Cement company has given
thoughtful consideration and due de-
liberation to the question how best to
stimulate our trade. and yet at the
same time to give the wage Garner a
fail return for his work. and to the
investor a just compensation for the
capital invested.
THE board of directors of the Union
Portland Cement company. have con-
cluded that II will be best for the IN
terests of all the stockholders of The
Union Portland Cement company 10
turn over their stock to a corporation
TO be known as the Cement Securities
company, corporation which will be
organized under the laws of the state
of Colorado, with capital stock of
$6.OOO,OOO, with a par value of the
stock Of 800 per share. Every stock
holder Of the Union Portland Cement
company. VIII receive SI75 In stock of
the Cement Securities company for
each share of the preferred stock in
the Union Portland Cement company,
and for each share of the common
stock OF the Union Portland Cement
company, each shareholder will re-
ceiye $50 worth of the stock OF the
Cement Securities company
The Cement Securities company will
also take over all the stock OF the
Portland Cement company of Colorado,
and will issue stock of its own in the
same proportion as stock is issued TO
the stockholders of the Union Fort
land Cement company.
1T Is the understanding between
the board of directors of the Union
Portland Cement company of Utah
and the Portland Cement company of
Colorado, that each company shall col
lect all bills due up to date, and shall
pay all bills owing. so that when the
stock of these companies il turned
over to the Cement Securities COM
company, this company will take both
plants free and clear of all debts II
orr plans can be successfully corsum-
mated. we believe that the trade will
be stimulated, expenses cut down, and
the profits to the stockholders greater
than they were before.
In order to guarantee that each
company viii pay off it's debts and
turn over this property free and clear
to the Cement Securities company -
per cent of the stock due to each
stockholdor from the Cement Secliti-
ties company Will be retained as n
guarantee, and security for the pay