New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-04-25
JSTON ELECTRIC LIGHT COMPANY

a TALK WITH COLONEL p. D. GRANr-wHAr THE
PRESIDENT OF THE NEw-YoRK COMPANY SAYS.
The American Electric Light Company Of
Massachusetts was granted by the parent company tho
American Electric Light Comp any the right to In
that the patented inventions ~ the company, and
10 manufacture and sell for that state machinery
for electric lighting covered by patents owned there
after acquired by the NewYork corporation. For th,
right the American Electric Light Company received
900 shares Of the capital stock Of the Massachusetts
company OF the par value Of 500 share 1t sii holds
TN. Stock The entire capital Of the Massachusetts com
Dan. vas 100000. and the company was
formed for the express purpose Of buying the
right for that State The sale made In December Of
last year failure of the Massachusetts COM
pany is likely to lead TO protracted litigation.
Colonel Frederick D. Grant, who elected president
OF the Eastern company, said to TRIBUNE reporter yes
terday: know nothing about the affairs Of the Alssa
chusetts company and do not know whether an stu
president OF it or not have resigned the office several
times and have protested against the use Of my
connection with r. but for all that may be pre.l-
dent for all that know. 1t about In this way: I
consented at first TO be elected president
because was told that my consent
would greatly help the organization Of the company 1t
was to be Only for one day, whom Mr. Hall, Of Boston,
succeed me. some reasons we're giyen-tAey sp'
pearrd 10 me a. the time merely details of the oIganla-
iiOn-which induced me 10 give my consent or course
/ had faith in Cine future Of Tue company, and believed
OF success. At the same time, could not attend per.
sOnauy the cOmpanys business aLd was dsapp0lhte1
,liltely. / sent written Resignation Of
the Office 10 Boston, anu TWICE altcr"ai
repeated also 0l1 PERSONS cOnnec ed with The com
. nv tnnt could not possibly reaiu the position About
Two months ago. when found thtt 10 atchtlOh was
shares of stock which had been paced Ia my name 70 IN
all. me qualify Ipresume may lose ItIle money,
NV name connected with a allure | have receyrda
good dra OF Advertising wnch nave not deserved
uauv Farner asked me tuis morning about tue matter,
bat | could only say 10 MN una. was
oompe ely or the condition Ol inc cOHpSh! As
IN ne ck which il J.. SAID. las been sold IA Boston,
cannot speak ouly know that have never signel a.
PRESIDENT "A n-c ccrlinCate lhe STOCK Oi lAe new
York company hts Drcu VA lhe lliiAet ".i ,i r,b,
DR. badly Is neld IN BOstOubut accompany j. an FEn
&c NcW-IOrk company, % which t. W Andrews, lor-
merry president oI me Anivlloin ,1,,' - ag,a
Company, president, was founded aDnul 9ci "sD
E m,.H been ptrriecting it. system ana machines.
and il now nearly ready 10 IurhI>" Hao"',eo
and lamps as they may be %ahe IA ye.er r W?
The Alassaohuse T. company clalmedtbal elVvVOV ai
been paid INTO its treasury ana II was auAoS 10 oo'
tn ugnt Of usng ne pAI, con
paly Tor the whole Un.ed states Nicc-Ires'uch, pO,
OF Bos On, wrote 10 me on February o, 70 p'nIo's
union VI tho t"o companies. An INV ition - SA
ended ~ the Massachusetts company 10 uPpo1it oen
uttee 70 discuss . fae 'uVg presented " them
selves a. that committee. In tho conference
was suggested by The DOs on men that thsli company
would AXE take the maliagemehI OF tne DsEoS aoi
the United states ana that II was prepared 10 oner o1e
half the net prUis, guaranteeing @3v,OoO year an
reuy 20 The question what guarantee tue MASSACHUSETTS,
company would give OF s ability 20 carry oul the plo
Do.- afran cement, MI con said that the company ha
100000 IA lis Treasury. commit atet a., -
ioslou u ascertain the actual Condition OF ,ns ~,.
nam DV personal examination There was lUftneI uls
rms.inn o. Inc subjoc. bat Nhen Mr. GOh wa- aSkd "
r. committee to allow an examination 81 he DOCKS 10
reflised do until tne contract between sHe IN
,,.,,.. ,c,s sgned Tn, NEGOTIATIONS ended there AS
- oon,l Grants presidency II the MasSachuhc i So
many" Mr. Andrews concluded, that was u'a. nv NV.
/ knew nOtIuIg about and never understood an nav
kn,w Ia that lie was induced to accept the position.