The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1915-04-30
BIG MERGER PLANNED
All Power Companies in Southern Ida
h0 Effected.


hearing that surpasses anything in
importance and magnitude that that
body has been called upon to hear.
1t is the contemplated merger of all
the southern Idaho power companies
into one company, namely the Electric
Bond Il Share company, with a capit-
alization of s11 1,250,000.
To many the first thing that will
arise is that it is a power trust and
to this class, anything large and strong
financially, is a trust.
To the thinking class, those knowing
the real reason for the present condi-
tions of irrigation and power projects
lack of capital to fully develop them
this news of a power merger will
be hailed with delight, for they know
that the new company, with unlimited
money for development, will give this
section of Idaho just what it most
needs, new money to develop water
power to the maximum.
With one company operating and de-
velOping, one investment and one res
possibility, and with the utilities COM
mission charged with the responsible
ity to see that the people get uniform
rates and service all over this section
of the state and lowest rates it is pos
sible to secure, surely an ideal situa-
tion should result,
This recalls the late fight before the
Legislature for the repeal of the utili-
ties commission law and also for the
repeal of section 4S of that law, both
of which attempts were defeated, and
in doing SO the legislature (and it was
Republican, builded wiser than great
many people knew. Now any consol-
idation that is made will have to con-
| form to the ideas of the commission
and will be absolutely under it's regu
lation both as to rates and character
of service.
Giant Merger.
| Negotiations for the completion of
the proposed power merger in south
ern Idaho were completed at meet
ing here says the Salt Lake Herald
Republican. The deal, if Idaho's pub
lie utilities commission gives it's con-
sent to the proposed merger, will in
volve transmissions lines, power
plants and power sites in Idaho, val
ued at $14,250 900.
The National Securities company
which is the holding company for the
Electric Bond & Share company, is
behind the merger. The first COM
pany to be taken over will be the Ida
Tho Light & Power company, which was
built by l.. l.. Num- and which supplies
Boise and vicinity with power from
the Malad river
D. M. Dahl, president of the Nation
al Securities company and vice presi-
dent of the Electric Bond & Share
company; l.. L. Num-, president Of the
Idaho Light & Power company; A. E.
Weathers, vice president of the Guar
anty Trust company of New York,
which financed the Num- interests !;
Jess B. Hawley, general counsel for
the Num- interests in Idaho; II. r.
Waldo, assistant attorney; and r. r.
Clapp, representing the Electric Bond
& Share company, have been in con-
ference at the Hotel Utah for four
days making plans for the proposed
Merger.
w. T. Wallis, receiver for the Great
Shoshone & Twin Falls Light & Pow
er company, which was purchased by
the Electric Bond e Share company
was represented by ]. F.. McLone o.
Boise, general counsel for the Electric
Bond & Share in Idaho. He was pres
ent only one day, however.
The entire capital stock of the 1daht
! Light & Power company is owned b,
: the Idaho Railways company, whicl
, is now before the federal court defend
ing foreclosure proceedings. The stool
was sold to the Idaho Railways com
pany by Mr. Num- and his associate
in order that his Idaho company Nigh
have the assistance of the National Sc
curities company in financing trans
I mission lines to Twin Falls and Noun
!tainhome The railways company, &C
cording to plans. will be bought 9
: public auction by the National Secul
n tiles company when the former goe
4 under the hammer. This was the pla
I agreed upon at the Conference yestel
) day.
+ Companies in Merger.
. The merger will include the Idah
3 Light & Power, the Idaho-Orego
! Light & Power, the Southern Idah
= Power company, the Great Shoshone
4 Twin Falls company, the Miner Ele'
trio company, The Twin Falls Powt
company and several smaller plants
: eastern Idaho, which obtain their pov
& er from the Malad and Snake river
Included In the deal also Is the ldaf
Light, Power & Railway cOmpar
which owns the network OF intern
bans In Boise, Nampa and Caldwe
| ana the CITY IAllIV&O by6vOAA VA A9OA1
When the merger was first broac|
ed Gov. Moses Alexander ordered Il
Idaho public utilities commission
investigate the proposal and to no
a hearing to determine whether SUI
q merger would be q good thing +
the state or not. The first hearil
was set for Friday, but continuan
was granted until Monday.
Meanwhile President Dahl OF Il
National Securities company has be-
lin conference with Mr.. Hawley
the Hotel Utah and they went ov
every phase OF the power situati'
and 1t was determined BY them 81
1.-THE best means OF presenting the ca
of the National Securities compaa
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