Jasper County Democrat, Volume 12, Number 65, Rensselaer, Jasper County, 27 November 1909 — PHONE STOCKHOLDERS OPPOSE ANY MERGER [ARTICLE]

PHONE STOCKHOLDERS OPPOSE ANY MERGER

Testimony ot G. W. Perkins end Theodore Vail Is Asked. Bt. Louis, Nov. 26.—1 n support of his contention that the interests of more than 500,000 owners of shares In independent telephone companies are threatened and that their stock may be made worthless if the plans for the merger of the United States Telephone company and the Cleveland, Indianapolis and Toledo companies are perfected, Former Attorney General S. BL Jeffries, counsel for the minority stockholders in these companies, will ask the circuit court here to appoint a commissioner to take the testimony of eastern financiers who, Jeffries alleges, are G W. Perkins, of J. P. Morgan’s banking house and Theodore Vail of the American Telegraph and Telephone company. Injunction suits already have been filed in St. Louis to prevent dissolution of the voting trust agreement under which the companies are prohibited from merging with any other corporation.