upr000105 308

F i l e * I & S 1 2 7 / W ^ DEC it § ii 1951 Copy on 80-Gen Dos Angeles - December A, Ifjl Hr* A. 1. Stoddard: Over & period of several months Hr. Keswick has been discussing with me the advisability of some substantial changes In the corporate sot-up of the eater producing and distributing facilities la Da* togas, now operated insofar at distribution is coaeer&cd by the l*as Togas land and Water So. and by Union Pacific on tha production end. analyst• of hit view in ths matter, which hart been gone over by both Mr. Bennett and myself, and which are supplemented by the views of Mr. Vehe. 1 attach fcr your information and con­sideration copies of the analysis as prepared by Mr. Seaside aad Mr. Bennett and an attached letter to Mr. Benvlek from Mr. Wehe in which Mr. tfehe expresses his views. should be given serious consideration, there are, however* so many factors of tax iff acts* accounting computations, ate. that X think the matter should be carefully studied by both Mr. Button and Mr. BUlsiser, aad 1 am enclosing extra copies fcr their use in case you desire to past them on. Mr. Benvlek has now prepared a rather eoaplete Xt le my belief that Mr, Ben wick’s recommendations W M REINHARDT WU. Reinhardt In cl a