The people's voice. [volume] (Helena, Mont.) 1939-1969, 1945-03-23

Calling attention phrase in the advertisement 't
sounds impossible but it's true we agree that 1t doesn't sound
possible question the complete veracy of the state
ment From the standpoint of Montana alone and the taxes
paid here it is false
$15 1877 94629, The of the from
industrial $127 82061 The diff
ference which presumably the total for electricity
used in homes and stores amounts to $2,4OO,12568
The total taxes, all, state and federal INCLUDING Elk
CESS PROFITS TAX which the company paid was $5O91,
But that should remembered in consd
erng this arustc concern which nerentay claims to be
rendering cost which doesn't pay the
is that all profits which makes gouged from Montana
pie and made net E OF OF
PAID THE TAXES-ALL OF THEM. THAT MAY SOUND
IMPOSSIBLE, BUT IT'S TRUE"
Now let's look at something else The company has been
ordered by the Federal Power Commission to write off 46
35473841 fictitious valuations carried its books and
which the last rs the Montana people have
paying the profits the rates charged This
represents stock issued to the original plum
derbund which organized the and has been carried
its books offset to balance the face amounts of the
common stock issued
The advertisement not mention the according
the companys report that paid dividends
stock of the in the amount of The
10000 Assuming that the difference the waered stock
and the amount reported issued and outstanding is egimaey
issued common stock company would paid only
legitimate stockholders then will be
that they would have received dividend amounting to
the ones owning the pretty certificates stock
treated equally with others if there any.
Now let how the preferred stockholders who hired
attorneys help defend the against the Federal Pow
Jared in comparison These preferred stock
holders legitimate investors have paid actual
money for the stock they
Again let that the difference between the
amount stock which the Federal Commission
wre-ups the the company reports
issued and outstanding egitmaey issued for actual
tributons the company This would be then
representing legitimate stock The amount of
outstanding according to the report
company $15869 773O 90 about three times the
legitimate stock issued and outstanding But the
preferred stock dividend amounted to only 90
against the stock dividend of 81 985 33200 How do
you like that Mr. Preferred Stakeholder?
The company reports surplus hand at the close of
1914 amounting $21 30 This has been accumuat
all of these years together with plant expansion
paying dividends the millions of watered stock And
paid ths Has the company paid of its
prots has not Every cent of has been paid by the
pie and which the company ineren-
TALLY disparages customers
demonstrate that with the money the people of the
paid this outfit for services they could probably
constructed and paid for two plants like that of the
Montana Power Company.
owned?" Then let the people
the S15869 77300 preferred stock
the SO 56159 presumably legitimate
plus any other legitimate outstanding deben
an outrageous price, but eopardize any
legitimate investment existing Such other stock has been
been retired with collected from the people
of Montana and other way U
The advertisement speaks of taxfree electric power de-
referring publicly owned projects AS
all publicly owned enterprises
lieu of but what they did not Would they be
than the Montana Power Company? They
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