The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-06-06
ELL COMPANY
1V|LL TAKE OVER
1 INDEPENDENT 7
:operty Is Knocked Down
to II. Vance Lane
I on His Bid of
I $1,2OO,000.
D CONSOLIDATE ~
Y THE TWO PLANTS
{ccessful Bidder Talks
Briefly of Plans Made
for the Near
Future.
CONSOLIDATE VI
THE TWO PLANTS

:: Sold for 81 700, 900 to II. Vance Lane,
Nth these words by D. 3. Mackin
b. acting as auctioneer, the Utah In
7endent Telephone company ceased 70
1T The sale OF the plant was held at
|west entrance 10 the city and county
ding Monday forenoon at IN o'clock,
announced three weeks ago. With the
hi goes all the physical property
les, cables, instruments. building and
1'rything but The secondary franchise,
means by which the plant operated In
q Lake. For that portion OF the COM
MS property the successful bidder had
IInterest as no bids were entered when
auctioneer put the plant up for sale
n the secondary franchise as a part
be sold.
N accordance with his plans announced
<eek ago. Mr. Lane bid in the name OF
Rocky Mountain Bell Telephone com
~ While II was freely predicted that
= Bell interests would buy the indie
Ident plant and that there would be
other bidder, this did not fully pan out.
- W. Wakely, representing the east
I bondholders. Was a bidder and only
nped out when the bids reached ST.
-0o0-his last bid. Competent tele-
nc authorities declare the price a fair
|n the consummation OF the sale. Mr.
ne handed the aucUoneer a certified
'ck for $4,000. IN per cent OF the
chase Price. Following the sale the
cctors Of the Independent company
4 In called session. when the sale was
bed according TO the decree Of sale
passes out ~ existence the second and
Y competing telephone system OF Salt
<e and of Utah.
Lane Makes Statement.
T.. Vance Lane. manager OF the Bell
7pany. In giving out information re-
citing the attitude OF The purchasers In
ard To the use 10 which the plant VIII
|put. said:
We will consolidate the two plants =
rate them as one system as soon as
'ditions will permit. This consolidation
blem is much more difficult one than
public realizes from the mere use OF
e Telephone. In the meantime, TO meet
q requirements OF the subscribers OF
y compa nies. II VIII be necessary TO
{inue operating both systems as though
changc had taken place.
D hasten the consolidation which the
lic has every right TO expect. we are
anginE for the services Of competent
Ineers. who have had experience in
Ing with like situa tions. 10 assist In
4 work
On account OF increased number OF
pcribcrs and Increased Investment It
: De necessary 10 make some rate ad-
ments. We are studying the rate
i9tion and will soon be able TO fix upon
fnedule OF rates that will be Just alike
nc public and the company"
ne clock on the tower OF the city and
MY building chimed the hour of 10
pck as the auctioneer mounted the
B and read the notice of sale Prob
r 100 men assembled 20 witness and
r part In the proceedings. Among these
"a representatives OF both telephone
fpAnlcs and II was thought reprcscn-
yes OF private capital were among
Fe gathered Tor the sale.
\ No Response at First.
rere was no response TO the call for
y on the plant with the secondary
1chise; After waiting i minute or two
auctioneer called for bids on the
~ independent OF the secondary fran
P. The first bidder was IT. Vance Lane
1 s500.000. Mr.. Wakely, representing
bonding company advanced this bid
1$oO.oo0. and so the bidding went by
OF 100000 until the bidding brought
fgure 10 $1.OO0.0Oo. Then the bid
began advancing the bids by $25 900.
4 Wakely made his last bid when he
20 out 81. 10000. Mr. Lane advanced
Z 10 500. 900, where the auctioneer
I'd elicit no further bidding. BY this
Mr Wakely had turned aside as ii
Ting 10 take no further action. Wait
Inc usual length Of time and calling
moro bids; Mr. Macintosh declared
'sale closed. Mr.. Lane. in presenting
'irertified check for the necessary part
me purchase price said: II represent
kocky Mountain Bell Telephone com
iasmuch as several requests came In
tnrentorles OF the plant. II fully was
.fcted that there would he at least
''s or four bidders on tho plant.
4 Brings Fair Price.
e. Wakely in speaking Of his part in
piddlng said. MY attitude was indi-
"a In my bidding. | did not want the
az. but did want to see the property
" fair price. and | think ] succeeded
i'ausine the Bell people TO bid fair
oeiore The plant was knocked down
mem Mr., WalIely started OH his
ftH 20 New York few hours after the
w Hammer. who had said that he
sWoiy would bid on the plant. did not
md the sale. II representative OF
'Isyhd,cate Of which Mr. Hammer was
Il 10 nave been the head attended the
ne did not make himself known.
IL vance Lane. manager of the Rocky
/ntain Bel Telephone company and
rleuccessful bidder Monday. said Mon
nlght relative to the price paid for
z plant: / think The plant was pur-
srfo under the sale at a fair price, The
Esentative Of the bondholders un-
Pteoly forced tho bidding up to a point
tFIactory TO himself and 10 his clients
}ppose- Regarding the plans with ref
ttEe 10 the management Of the newly
riIed pant. ! can give no further de-
~ than those given out a few days
~ INC event that we succeeded I'm
ing the plant" ~
Elmer B. Jones Talks,
fH principle. | believe In the telephone
tIce oi IL community being in tic
ol one company. But this mus,
t'f1ched ny reasonable service at rca-
.tpic rates. | have no reason 10 be-
>I pui what the Bel! company viii
va ihc people In both ways saiisfan