Semi-weekly herald., 1912-12-19

who now becomes the general man |
ager of the Colorado holdings of the !
company. Mr. Clay states that the
merger means splendid thing for
Colorado because the company is back
cd by sufficient capital to inaugurate
any kind Of service or extensions that
may be deemed advisable on short
notice. This probably means that in
a short time power lines will be ex-
tended to all parts of this southwest
section, including Aztec, Pennington
and other points.
The Journal article, while stating
that the main office would be located
in Durango for the present, intimated
that headquarters would be re-estab-
I;shed at that point later on. The
Herald is prepared to state that Du-
range will be the permanent head
quarters of the Colorado holdings
with Mr.. Clay in charge. This will
mean additional office force, no doubt,
and other improvements. Branch Of
fees with assistant superintendents
will be maintained at Silverton and
Telluride, Mr.. Maris being in charge
of the Silverton office the same as
at present.
The new conditions increase the
work of Mr. Clay whose duties will
require him to put in considerable
time supervising the different opera
tions. AS general manager of the
merged Colorado holdings, Mr. Clay
is given more authority, which, of
course, means additional responsible
ties, but Mr.. Clay has shown himself
capable of handling large propositions
and the only danger is that some time
in the future he will be called to the
head offices to take charge. The fol-
lowing extract from the Deseret News
will give Herald readers more thor
ough idea of the magnitude of the
| merger and the plans of the company;
One of the most important devel-
| opments in recent Salt Lake CONNER
cial activity is the consummation yes
terday of the gigantic merger where
| by the Utah Power and Light COM
| pany acquired the Telluride Power
company and six of the largest cleo
trio power concerns in Utah, Idaho,
and Colorado An incident of strik
ing magnitude in the event, but never
theless but an incident as far as the
| colossal merger is concerned, was the
| filing yesterday with the county clerk
of amended articles of incorporation
of the Utah Power and Light COM
pany, increasing its capital stock from
| the nominal 81 900 to $40, 100000. The
| filing fee alone for this transaction,
amounting to $9,999.75, is greater
than the capital stock Of many west
ern corporations.
Al The interests not affected by the
merger are those controlled by the
, Bamberger and Eccles companies ant
e the Bear River Power plant owned .bj
the Utah-Idaho Sugar company.
An immediate benefit to Salt LAX,
City will be the establishment Of thu
main office of the company. occupying
the entire fifth floor of the Kearn;
building, and the moving to Salt LAX,
City of $50 families the heads O
which will hold more or less promi
nent positions with the company.
J The formal signing of the deeds a
New York by the Electric Bond an,
Share company marked the elimina
ton of the several individual powe
, and the coming to life of $4,000,
900 corporation. According to S. z
r Mitchell, president of the fnancin,
I company, who was seen this morning
2 at the Hotel Utah, the companie
a and power plants absorbed by tn
4 merger are the following:
Il Ames hydro-e electric plant, San Mi
guel county, Colorado.
llium hydro-electric plant, San Mi
e guel county, Colorado.
Il Olmstead hydro-electric plant, Uta
t county, Utah.
e Battle Creek HYDRO electric plant
: Utah county, Utah.
y Jordan Narrows hydro electric plan
{ Salt Lake county, Utah.
$ Logan hydro-electric plant, Cach
| county, Utah.
: Grace hydro electric plant, Bannoc
n county, Idaho.
It Davis & Weber Counties Canal com
pany, Utah.
Home Telephone & Electric com
pany, Utah.
Knight Consolidated Power com
, pany, Utah county, Utah.
n Idaho Falls Power & Transports
tion company, Idaho.
San Juan Water & Power compan,
Utah.
IL Durango Gas & Electric compan,
Colorado.
In addition to this the company wi
absorb 900 miles of transmission line
in the three states, and 400 miles @
y telephone lines, together with real es
y tate, easement, rights of way an
franchises used in connection with tn