The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-11

N d
- ride Power company with d. q.
IN Jackling as president and a
large part Of the stock, if not
the controlling interest, held By Utah
men, preparatory TO the consolidation
of most Of the power plants of Utah
and southern Idaho into one Of the
most gigantic power generating con-
Germs in America, will be accomplished
here October 1, according to announce
ment last night by J. R. Mutt of Cleve-
land, president of the company now.
The Electric Bond & Share company,
which is a subsidiary company
to the General Electric COM
pany, and which purchased more
than half the stock of the old
Telluride company recently. con-
tinue as principal stockholder, though
it is announced that the capital of the
reorganized company will be increased
to meet the greater scope Of business
planned in the vast consolation of
power plants, The extra capital will
be taken up by Utah men, among whom,
it is said, will be Senator Reed Smoot,
David Eccles and others of financial
prominence.
Chiefs in Conference.
President Mutt, D. c. Jaekling, sens-
tor Smoot and F. L. Dame went to Og-
den yesterday to confer with David
Eccles concerning the proposed purchase
Of the Eccles plants in Weber and Box
Elder counties. Similar trips have
been made recently to the Knight power
properties in Utah county and other
parts of the state included in the con
solidation plan. President Mutt said
last night that the consolidation nego-
tiations had not yet reached stage
warranting definite announcement,
though he admitted the great scope of
the undertaking.
"While our plans are rather teuta-
tive as yet, it is practically certain that
Colonel Jackling will be chosen as
president of the reorganized company
at n meeting of the interests involved
to be held here October H. Mr.. Mutt
said. "The eastern stockholders will
continue in the company, but it is the
aim TO have large share of the stock
held by local men as well as to place
the entire operation of the concern in
local hands, they being in a position
to know best the needs and demands
for tho field we intend to cover.
Only After Power.
"There will be no attempt TO gain
control of any iuterurban electric lines.
nor any other electric power using en-
terprises. The company will engage
exclusively In power generation for
commercial purposes of any nature
whatsoever that it will able 10 serve.
Our plan is a big one and there are
many details to be worked out before
it will be accomplished y
Mr.. Mutt admitted that the reorgani-
cation Of the Telluride company at
Cleveland recently by which he, repre-
sentipg the eastern interests, succeeded
l.. l.. Num- to the presidency, was but
temporary, pending the working out of
the larger plans now announced. At
that time the company gave notice of
Its intention to spend $2.000.000 in i'm
proving and consolidating its various
plants along the Bear river in Utah
and idaho rs well as its plants in Provo
canyon. This sum probably will be in
creased to carry out the undertaking
now contemplated.
May Supply Railway.
Whether the proposed consolidation
will include the power system of the
Utah Light & Railway company is not
known as yet. President Mutt de-
cliued to declare himself on the ques-
ton Inst night. although Senator Reed
Smcot said that the company probably
would not be able to purchase the local
plants, and that the same
might be true of the Eccles interests,
i'Mr. Eccles has street company
and interurban system to supply, and
unless we convince him that we can
furnish power for less money than he
can make it for himself, he likely
will NOT SELL said the senator
About $4,000 horse power OF elec-