The Oakley herald. [volume] (Oakley, Idaho) 1908-1961, 1913-12-05

you are partner in our business, We
shall have accomplished much. A
large part of the problem will be
solved, five can only bring the pub
lie, through education, to q full under
standing that there is a mutual de-
pendence between the public service
corporations and the public. and that
public prosperity depends largely
upon the utilities that bring them in
contact With each other. and that the
more nearly perfect in efficiency and
sufficiency the utilities serving the
public are, the more prosperity, COM
forts and conveniences the public
will enjoy.
We believe our story is an interest
ing one, and we hope that everyone
will read it.
Note.-As an instance of the kind of
startling news which newspapers some
times publish, we want to call attention
to recentarticles in the newspapers headed
United States Government G alls Upon
Two Girl StenOgraphers to Tell Where
They Got Two Million Dollars to Form
the Corporation Securities and Invest
ment Company" Then the articles went
on to say that this Corporation Securities
and Investment Company was a scheme
OF the Telephone Company to further its
purpose of monopolizing telephone com.
panies, etc.
The Truth is that our company has been
met with strong feeling in the State of
Moftana-well-nigh uriversal-that some
thing should be done TO relieve the citiz-
ems OF that state, of two telephone systems
Public meetings have been held, and votes
taken, hat the telephones of one or the
other OF the systems should be thrown
out. Resolutions and letters have been
submitted to us, and we have started out
TO see what we could do to relieve the cit
lzens OF that state of this burden.
We found that the Independent inter
eSts operating there also operated in
! Spokane, in the State Of Washington. and
in northern Idaho, and II at the lndepend-
ent interests doing business in Montana
could not be bought, or sold, so as to alone
cover the property in Montona, but that
the purchase must include their property
IN the states of Idaho and Washneto ton.
The Mountain States Telephone and Tel
egraph Company does not operate in eit-
her OF these sectors, and, therefore is not
responsible tor telephone conditions there
nor does 1t wish to operate there, but we
felt we must meet the situation in Mont
ana, and so, in order to be in a position
10 either buy or sell, from or to, the In
dependent interests in Montana, there
was formed this Corporation Securities
and lnvestn ent Company, as a corporate
company, to enter into negotiations with
the Independent intesests in Montana,
which negotiations are now in progress,
and, il possible, to buy these Independent
interests in Montana, northern Idaho and
Washington, and then in the end, if that
purpose was accomplished the Corporal
ion Securities and Investment Company
should sell to The Mountain States Tel
ephone and Telegraph Company the por-
ton of the Independent plants located in
Montana, and sell to others the portion
OF these Independent plants existing in
northern Idaho and Washington.
We explain this so that the public may
know that in the above Foreword, where
we say "there is no company within
company, or wheels within wheels" we
are speaking absolutely truly, and also
that this Corporation Securities and In
vestment Company which was so freely
advertised by the articles in the newspap-
er referred to, is absolutely a legitim ate
and proper company and organized for
the specific purposes stated.