The Holly chieftain. (Holly, Colo.) 1897-1987, 1920-03-18
new TELEPHONE
LINE ASSURED
Great Enthusiasm at Webb
Meeting Monday.
THREE MEETINGS TO BE
HELD MONDAY MARCH q

Applications for Stock in Holly
Stonington Line at Stonington,
Artssia and Plains Next Monday.
In spite OF the disagreeable
wind and otherwise unfavOrable
weather conditions Monday the
meeting for the HOlly-StOnington
telephone company advertised for
2 o'clock Monday afternoon at Webb
was FAIRLY well attended. and de-
cided amount of progress made in
this splendid enterprise.
President H. w. Woods, Secre-
tary T. j. Ponton. and Messrs. F.
w. Smith and L. M. Appel of the
Holly Commercial club represented
Holly at the session and Mr.. Smith
presided at the meeting. Mr..
Smith briefly reviewed the prelimi-
nary work OF the organization OF
the HOlly-StoningtOn Telephone
company at the meeting here two
weeks ago, when +. w. Smith, II.
w. Woods, j. d. Price, T. M. Amer
inc and Lee e. Kelley were selected
as q temporary board Of directors
for the purpose OF organization.
Mr.. Smith stated that some cost
data had ben secured and that as
near as could be ascertained at this
time the proposed main line tele-
phone such as proposed would cost
at the rate of approximately $500
nor rni1n fnr n l-vpfrp line
Line to Follow Star Route.
After some discussion as to the
proposed route motion by =. III.
Appel preN:g,as ID II ~ t4sff. RAIN ma
/ follow the star mail route from
Holly to StOningtOn which course
met with unanimous favor. 1t was
the idea OF the company and seem
ed to be the consensus OF general
opinion, that the company build
the proposed main line and then
let rural lines build in and con-
meet up with the main line, these
rural lines each to be built by an
individual company. These rural
companies would thus build to
the switch boards along the main
line and pay switching charges.
On motion committees of three
were appointed from each town
ship or small town to ascertain how
many persons in their respective
townships would take phones,
where the same were located and to
solicit subscriptions for stock. Fol
lowing are the committees selected:
Committees Appointed.
For Cheney Center community
H. v. Wakeman, M. A. Pike and J.
w. HoultOn, any communications
to be sent to Mr.. Pike.
For Webb community-T. M.
Amerine, j. D. Price and George
Owens Mr.. Owens address is
Plains but he works with the
Webb people, communications to
be sent to Mr.. Price.
For Plains territOry-Henry Ford,
Lee Kelley and Albert JACKIE, any
communications to be sent to Mr.
Ford.
For Holly. G. Wadsworth, s.
B. Ferguson and Albert Morich.
1t was planned at the Webb
meeting Monday afternoon to hold
three meetings Monday, March %
as follows: One at StOnington at
2 p. m one at Artesia at 4:3O and
the third at Plains at 1880 p. m,
all on the same day, for the pur.
poos of arousing interest in the en-
terprise and getting the stock
subscription under way.
Notes Will Be Accepted.
The matter Of financing the tele-
phone company was very generally
discussed and the plan finally
adopted was that the capital stock
of $4,000 be divided into shares OF
81 each or 25,000 shares. 1t was de-
cided that notes to draw seven per
cent, were good and that each sub.
scriber who wished time might pay
Is per cent OF the amount of stock
subscribed for in cash at the time
Of subscriptions and the balance at
the rate Of Is per cent every 80 days
which would bring the last pay
ment about Jan. lst, 1921. It was
also decided that stockholders in
the Holly-Stonington Telephone
company be given the first oppor-
tunity to loan money on these
notes. Twenty-Five dollars was fix.
ed as the minimum amount Of
stock that would be sold any ap-
plicant and that amount must be
paid on or before April 1st. 1920.
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