Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-12
ONE MAN OBJECTED.

Because the westing house Electric Interests
Were to be eConsoIIdated-The Consolida-
tion Took Place All the same-Some
Marvellous Facts and Figures.
The Westinghouse Electric Company was
rechristened yesterday, and hereafter it will
be known as the Westinghouse Electric and
Manufacturing Company. When the cleo
trio company was first organized the organ
iZers took out an ordinary charter covering
the requirements of such q corporation. But
since the concern has grown to such enormous
proportions the old charter has been found to
be utterly inadequate to the demands of the
increased interests of the firm. and Mr.. West
inghouse has been constantly on the alert for q
new charter to take the place OF the original
one. -
This was the purpose for which yesterdays
meeting had been called. Mr.. Westinghouse
stated TO the stockholders that he had secured
the charter of the Charters Improvement Com
pany, document in which all the require
me1ts OF large concern are very pioaaiS Gov, ,p.
cred. After Mr. Westinghouse had READ the
resolution for the adoption of the new charter,
and Mr.. Bannister had moved its adoption, a
discussion took place. Brief remarks ,,V were
made by Mr.. r. Pitcairn, Mr.. Gill. Mr.. William
A Quincy ard several other gentlemen, VINO
were all in favor of the change.
One stockholder. however, Mr.. Allan Mar
thens, who owns 20 shares objected very en-
phatically in paper he had prepared. He at
tempted 20 prove the failacy of all consolida-
tion schemes, and as an example he cited the
Pennsylvania Railroad Company and the Pitts
burg, Fort Wayne and Chicago Railroad Com
pany. OF the B. & o. Railroad he said: "The
stockholders of that road were not satlsned
with the railroad business, but they needs must
60 into the express and telegraph business, and
thus they lost money"
JOHN DALZELL EXPLAINS.
The gentleman was interrupted by one of the
hn aid ha "a
better to have that speech printed and mailed
to members, that they might read it at their
leisure. Mr.. Gill objected to it altogether be-
cause, he said, it was irrelevant
At the suggestion of Mr. Westinghouse Mr..
Marthens said he would confine himself to the
matters of the company. He then remarked
that the affairs of the company had a hazy
look, which he thought ought to be explained
TO him.
p. this point Hon. John Dalzell said: 81 see
that the gentleman does not understand the
object OF this meeting, and as the counselor of
Mr.. Westinghouse Will explain it. The West.
inghouse Electric Company does not want to
consolidate with the Charters Improvement
ter. The Electric Company has grown
since its first organization and the old charter
does not allow it to grow any more. The
new charter was bought to give the concern an
opportunity to increase as much as it pleases,
and, of course, the larger the concern becomes
the more advantageous will 1t be for the stock
Mr.. Pitcairn humorously remarked that under
the new charter they were In a position to own
the earth, if they could get it. Then a vote
was taken and the resolution was unanimously
adopted. Out of S99 las of outstanding shares
$4,000 were represented.
The Westinghouse Electric and Manufactur-
ing Company controls the following electric
interests: The Westinghouse Electric Com
pany, the Consolidated Electric Company, the
United States Electric Company, the Westing-
house Electric Company of England and vari-
GUS other smaller concerns.
WHERE IT MAY END.
Mr. Westinghouse stated yesterday afternoon
that his company is now in better shape for
doing the largest business in the United States
of any electric concern in the country. The
capital stock is still S5000001. The con-
solidated concerns have now 1000 people
employed. They manufacture 5000 incandes-
cent lamps per dav. and they do a business of
$4,000 per day. or about 81 600 900 per year. The
works on Garrison alley are being enlarged. 1t
is not improbable that the consolidation with
the Edison Company is now much nearer
realization than ever before. Several of the
prominent officers of the firm stated yesterday
that they would not consolidate even if ad-
vances were made to them. But another gen.
tleman. who is prominently identified with the
natural gas interest of this city, said there was
no doubt that consolidation would be effected
before long.