Rogue River courier. (Grants Pass, Or.) 19??-1918, 1916-06-12
N|BLEY
0FS(JGARCO.
ARRIVES
HeEe to Take Over Active
Management and Direction
Of the Local Factory for
the Utah-Idaho Company

Manager Alex Niblcy. who will
have charge OF the local sugar fac
tory Tor the utah.Idaho company. ar
rived from Salt Lake city on No, IL
this afternoon. and 10 now ut the
head OF the company affairs In this
district Mr.. Nibley speaks most op.
timistically OF the outlook for the
company, and says that its plans will
10 forward rapidly and that the
plant viii be ready by September /,
The following from the Daily
News. OF Salt Lake city. OF the sth
inst,. givea further details OF the con
solidation OF the 0regon-utah Sugar
p.Iy;
AT a meeting OF the stockholders
OF the oregon-U Utah Sugar company
yesterday the action OF the board OF
directors In selling the property 10
the utah-idaho Sugar company was
confirmed. This means that the Ore
gon company viii 80 ont OF existence
and that the plant now being erected
At Grants Pass. Or, will be completed
by the Utah.Idaho Sugar company,
which will carry out all contracts
made by its Predecessor,
"Messrs. T. r. Cutler and c. w.
Nibley OF tho two companies are in
the east at present but at the Office
OF the Utah-fdaho Sugar company to-
day II was learned that the deal had
been pending for some time and that
under the contract the beet crop nov
growing will be taken care Of and
harvested. the sugar plant finished
and grinding OF bects begun about the
1st OF September.
ALEX Nibley Is to be the resident
M Shager OF the utah-Idaho Sugar
company at Grants Pass,
III was further learned at the
sugar company's Office that. under the
terms OF the contract. the cost Of the
Grants Pass factory will be practical
ly the same as that OF the modern
plants now under construction ut
Brigysm City and West Jordan by
the Utah-Idaho company.
ALEX Nlbley said today. AS has
already been printed. my father had
decided on severlng his connection
with the Oregon-utah company. Be-
fore the meeting, however, at which
he intended presenting his reslgna-
tion. negotiations were opened with
the Utah-Idaho Sugar company by
which the sale OF the property to
them was made. The sale is In the
nature OF an option. as II Is expert
mental for term OF two years, the
Utassidaho Sugar company having
that length OF time to run the plant
and then decide whether or not II de-
slres to acquire II permanently. II It
should not, under the contract. G. w.
Nibley agrees TO take the purchase
over personally and to refund the
Utah-Idaho company all the money
1t has advanced with Interest
Statement Misleading
Regarding a statement printed to-
day that the stockholders OF the
Oregon-Utah had made over ESQ per
cent through the sale, Mr.. Nibley
said this was entirely misleading, The
entire issued capital OF the company
was only 100000. The purchase
price paid by the Utah-Idaho for It's
assets and all Of its property of every
description was 500, 900. This sum
the Oregon company would distribute
among It's stockholders, SO to 40 IN
number, some OF whom had advanced
theIsompany cash, others Of whom
-had anderwritten its bonds, and still
Others Of whom had bought the stock
on the market at prices varying from,
s2s to $50 q share, 40 that while