The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-11-04
BETTER OFFER
CONTINUED from FIRST raxo.

sue for the purpose OF reorganizine
and rehnancing the American Union
Iel"phon company and the National
Telephone corporation. The mart OF
the English syndicate in the deal
Is largely that of money lenders. they
proposing 10 put their money into
tho Independent telephones OF Amer
lea as an Investment. They will not
be content. IL was announced, 20
merely take over the local company
and the American Union at the
S9.6OcO.00 proposed. but must have
the assurance that other Investments
are opened up to them. hence the de
sire 10 take in practically the entire
number OF independent systems east
OF the Mississippi river The indie
pendent comapnies east OF the Ohio
river. however. the to receive the
first attention.
Meeting n Quiet One.
The meeting. which occupied from
20 $40 o'clock was attended nv abouf
thirty men more or less interested in
the properties IN question and from Tn,
first 10 the last was quiet and harmony
relRned on all sides None % the Old
time factionalism cropped Up and AZ
the end Of the session. Mr.. Garland eN-
pressed himself a. satisfied with the
result. a committee having been author
proposition miuutely and report TO the
stockholders as soon a. eNredient. This
must be very soon. ~ Is understood. as
the proposition must be iu such sham.
that % ~ ready 90 90 through and an
bonds and securities 81 ali kinds be de-
posted !n the several banks 90 be Sc
iected ~ November 16. 50 that the deal
may De closed by December - This
vas made necessary by the fact that the
English are uVcrse TO cons ideriuc the
proposition during the holiday season
Y dol HHa %
result unless the matter IS closed by
December =.
The Proposition.
Al the opening 81 the meeting ycstcr-
DAY. temporary organization was ef-
fected By elcrtinE Mr. Robert e. Ualzef.
chairman and Mr.. H. q. Bchrens' Jr
secretary. shortly after this Mr. Car
land and his attorney Harry -. Evans.
floor. lie explained the proposition In
detail
Ie stated ~ the opening that the Eng
hshment are not satisfied merely with
the placing % t9.6oO.o0O into the indie
pendent telepn one situation BOO the
I uited states. but that they are anxious
60 Increase the investment 10y the addi-
ton Of new units and the extension OF
ali properties acquired hy purchase.
They propose 60 acquire properties com
meeting tho cast and west and Geo become
one great rival Co the Heli
A. r. sidciight 20 g. stated that they
have about ib, 600. 900 pound aIeflInl. or
81 sn. 600. 600 in United Stnfrr currency.
90 thciI command. acrruinr from TIE
mont 81 nc uiitfh government. which
were owned iu ErEl Ir7 and South Nurr-
ia Th" snic wHr msde several months
ago. hlt tnc money waa not 60 hr paid
over until the end 81 two years. which
ls about December o. TIE money v.lfi
Do available 90 that time
with fuis grcHt wealth available they
viii demand H more extended neid ~ in-
teatmcnt IMAM offered locally. Tho local
property. however Dol vital Co. One fnr-
cher extension ~ tie Investment Ia 90
to rs sntIfo srutrfry auI here fIe in-
dependent telephone situation b. cone
Questions PIT.
When Mr. Garland aaI competed rIr
explanation 10 tHo proposition. series
~ questions we ruf fu Dim. hr, ar-
.wefed - bis attorney. Nr Evans. hv
~ STOCK The questions and austttra
which fhr rrrfesrufafINc ~ the frfriII-
Ernrrr wus able tn r1rr practically vrr.
Hrfim. contain 10 detailed explanation uf
fre Is.u1 OF Stoke nuI Ior,ia rf tlrinu.
sind arl SHOW fHr frffH".s of rs.r Boo
vsstmert
csritsi % TIE uev ,omr,1yg
auiI or.r.I fn h, I..uet rrsfeIrsd .ia..
ff0u00.oHH. aHfhorIrr.i fa nr iaeurI ant
r1re bonds SOC 0Un.0 600 author1rl tp t.
Iaaurl ant .nffine nfr cont interest
SECOND mnrI .Hrr horIe tfnsl1.r.H. I.
sued Hri Nr'rIrr T.r cont
Question fa .f U.. frre I.f f.na.
soil for gosh ar- a rrst iea or .u t.s
property
0gesuoo wat .s re t,.m of nr
Nr.v- rnr sem- r ,a.. .a..
goo I."re fH " Ur