The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-01

TTAH is in line for tremendous
electrical power advancement
within a short time, and new in
terests have obtained control
n some of the most valuable electrical
over resources available in the state.
rhese facts are evident from the state
uent made Saturday by D. G, Jackfng
u his return from New York.
There have been rumors recently to
he effect that the Utah Copper inter
ats. of which company Mr.. Jackling
8 vice president and general manager,
,Rd obtained control of the Telluride
Power company. When asked regard
NO this matter, Mr.. Jackhng SAID that
he Utah Copper company AS corpor-
.tion would have no interest whatever
n. the ownership of the new company
Hicb is to be organized for the Pur-
Jse of taking over the Telluride inter
{sts. hut he admitted that he would be
I 4promluent factor in the organization.
Iorm New Company.
Il new company is to be formed soon
: II will take over the Utah interests
the Electric Bond & Share company,
<1ich now controls the Telluride Pow
company. This company will be so
i}rranized and fuanced as to build up
Utah electrically in way that the
state will be second to none In that
respect Through the power plants
and tranmission lines of the company
this portion of the state will receive
the very best electrical power service
that money can give.
tIIt is the purpose of the company x
I've not only perfect and quick serv
d.. but also cheaper service, and the
AIorts of the officials will be centerer
: yon encouraging the farmer as wei
: city man to use electricity III hi
6ome and in his equipment generally
The present facilities of the Telluride
company will be broadencd along al
lines in tho effort to give scrvre OF
such a character that everyone vii
want to use electricity.
Industrial Advancement,
fAs to the details Of the new ryan
nation, Mr.. Jacklipg could at TIN time
say nothing, but it is cviden' that
Utah is ou tho eve Of eXperieulng a
tremeudous impetus industrially & the
( Ands of some Of the strongest opltal-
ITS Of the country. The advan1 Ger
tain TO be made by the state urlng
rho coming few years will e1cet any
Hing heretofore experienced.
Mr.. lacking was told of tbewlde-
spread disappointment with web
large number of Utah investo are
meeting their inability to secu any
rprtion Of the stock issue of the iaska
Gold Mines company, This mar, he
sbid, was entirely in the hands 'Hayr-
den, Stone s. Co., the distribute hav.
ihg been made after he had lie New
York, He had no voice in thelattcr
Except such as pertaincd to himme
diate associates in business.
Distributing Alaska Gold Sex.
Flt~ has been the impression 81 all
pf the 6ll,700 shares Of stock re in.
volved in this distribution, Mr.
yackling points out that this IN err
ror. a very large majority Of num-
Der of shares men ptioned was ained
of necessity By the primary erests
Which brought about tho con5ation
pnd reorganization of tho sginal
properties and for tho purpoof cx-
Ehange for some securities Of orig
pnal organizations still ouhding.
Only a small portion Of the was
Ryailable for distribution aud view
of the tremendously ovcr-sribed
condition of the offeringayden,
lsfone & Co. did. without queu. The
very best that they could under
isUch circumstances, said Mr,:kling.
Copper Prices Firm.
Regarding the copper metalatiou,
E6 lacking said that the pJof the
,netal was firm and woremain
he copper metal outlooAld not
tter, there was little o avail
For October delivery, al view
Fe increasing coDsumptiGd lin
world g stocks there CO bc no
r trend for The metal ox'a firm
Tho several organizations which
lAlr. lacking Is associated in the
pest condition of their histto take
advantage of this happy I situs-
tfou, be reports.