Evening capital news. (Boise, Idaho) 1901-1927, 1912-11-24
ANOTHER BIG POWER CONCERN
TO OPERATE EXTENSIVELY
IN SOUTHERN IDAHO
Idaho Consolidated Power and Utilities Company,
With Millions Of Capital to Enter
the Field at Once

The preliminary step towards launch
ing gigantic electric power and light
project in the southern Idaho field as
rival to the present operating COM
panies, including the Southern Idaho
Light, Heat & Power company. the Tel
luride Power company and the Beaver
River Power company, was taken yes
terday through the filing of articles of
Incorporation with Secretary Of State
w. L. Clifford by the Idaho Consolidated
Power & Utilities Co, Ltd, organized
under the Delaware laws, an entirely
new competitor. which has the backing
OF millions of dollars of eastern money
and of which Guggenheimer, Inter
myer and Marshall, of 81 Wall street.
rare it's attorneys in New York, and
Richards & Haga of Boise it's local
counsel The company is capitalized
for s3,5O0,O00 of which $2,500,000 is
common and 100000 preferred stock.
The capitalization, although large, does
mot represent the wealth that, it is
bgiven out on the best of authority, is
behind the new electric enterprise.
Fisurehead incorporators.
The incorporators are named as
Simon Gross, Byron H. Hooper and
Raphael Brill, all of 81 Wall street,
New York They are, however, but
figureheads in the incorporation of the
company, the men behind the deal re-
manning in the background until such
time as the present negotiations and
hig business deals now under way are
fdisposed of. The greatest caution Is
being taken in paving the way for the
work this corporation proposes to do in
the intermountain country.
Boise is to be the Idaho headquarters
OF the Idaho Consolidated Power g.
Utilities company. It's main headquar-
tiers, named iE the articles filed, is at
Wilmington, Del. The articles bear the
date of Nov. 8, 1912, when they were
filed in the state of Delaware and a
certified copy made and presented for
filing with the secretary of state here.
An Independent Operator.
When asked for a statement relative
to the ushering into the southern Idaho
electric power field of the Idaho Con-
solidated Power & Utilities company,
O. o. Haga Of this city said he was not
permitted to go into details at the
present time and would not be until
later. He admitted that the corpora
ton enters the field Independent of all
other power companies now operating
in 1t, and that the people behind the
company represent men who for the
first time are investing in the field and
who are able to spend hundreds of
thousands of dollars to finance the
company. 1t was gathered from his
general statement that the company has
carefully laid its plar.s for the inter-
mountain country, southern Idaho in
particular, and is prepared to push
them to completion.
Open Activity Early in 1918
Il can only say this much at the
present time" said Mr.. Haga. THE
Idaho Consolidated Power & Utilities
company is an entirely new corporation
entering into the southern Idaho field.
Its plans have been carefully made to
develop the field and activity along
that line will start the early part of
next year. The corporation is on a
sound financial basis'
The articles of incorporation filed
with the secretary of state set forth at
length that the objects of the corpora
ton are to construct, purchase, ac-
quire, equip, own and maintain and
operate electric plants and gas works,
heat, power, railroads, street railroads
and interurban railroads, pole lines,
transmission power lines, pumping
plants, 10 puild reservoirs irrigation
proJec's' e.c. II is tnrther set forth
III the articies tnat the company VIII
apply 1or franchises as well as 90 all
the necessary preliminary work 1or the
purpose Oh pacing IN operation electrlc
nsht ana power plants power plants
ior the generation or electrlclty Tor
eiectr1c railways ana the furnishing OF
power LOT eiectric heating' Tor pumping
81 ,xSr
plants inc artcies are general ana
cover all FEATURES usually covered by
power corporation articles OF this KIND.
10 euhd Cham OF Plants.
1t Is set forth further In the articles
trat the duration OF the company shail
De perpetual me names OF the m
perpetrators are given, together with
tine amount the corporation Is capital
tzeo TOT. Inc Shares OF the STOCK are
placed at $lUU.