The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-01-16
DAFT AND HIS COMPANY.
The Marion Electric Works Run
nIng Short Handed. but Said
to Be Quiet Solvent.

It would seem thai the United Elec-
trio Traction Company, which mas ali ex-
tensive plant few rods from the Marion
station of the Pennsylvania Railroad. is
in some trouble. 1t is known that the
works in this city mas been running
shorthanded for some weeks.
The Daft Electric Light Company con-
soiidated with the United Electric Light
Company last spring, and a huge sign
above the main entrance OF the Marion
building has OF late announced that the
plant was that OF the United Electric
Traction Company.
The capital stock of the United Electric
Traction Company is S7,000, 900. Leo
Daft, the Plainiield electrician aud in
ventor, recently brought suit against the
company, together with smaller corpora
tions of similar character. to recover
be claims covered the preferred
stock, for which he traded his
in yentions to the Daft Electric Light
Company aud which was asorbed by
the otherscompauy in the consolidation.
Yesterday. according TO newspaper re-
ports, the Sheriff OF New York levied
upon the furniture Of the company
Office at No. lis Broadway, New YORK.
l visited the works al Marion this morn
ing Superintendent Kilburn, | was in
formed, was off on vacation. The desk
covers of the other officials were closed
down. But the works seemed to be run
ming along as usual, so far as machinery
was concerned. In the carpenter shop,
the machine shop. the blacksmith shop,
and in other departments. l ascer-
tanned that few OF the
old hands were still employed
and of the two or three hundred hands
usually employed found that almost
tnIrd of the force was still at work. The
50-horse power dynamo in the basemenr
in. nd ha haf
and belts connected with the smaller
dynanos In the various apartments above
were all in full swing.
OF the gentleman vino was apparently
in charge | asked why the works were
running with a reduced force. He re-
information. the officials of the
company never let him know of
its inside business. When l
enquired if the suit recently brought by
Inventor Daft had anything TO do with
the partial cessation of work, he replied -
'M nat do you think company with a
capital of 100000 at its back cares for
$50, ,O0O?D
From otner sources ! learned that the
company recently secured a mortgage of
81. 00,0J0, and that as soon as the fact be-
came known creditors Immediately be-
gan pouring in their claims. Who the
holders of the mortgage were and just
able to ascertain.
The gentleman apparently in charge of
the works cold me thaE the laying of of
many Of the hands Was due TO the fact
that the company at this time of the year
was Dusy in taking an inventory of stock.
aud il was customary to lay of many
hands at this time of the year The pres
ent Stacking up was only temporary; the
works would be In full blast within few
weeks.
The various dealers and traders In the
vicinity are more or less sufferers by the
partial cessation Of work Yet they de-
clare that those who had large bills
against the Company were successful in
securing every cent owed them. Nc
Culiough, tine Newark avenue coal
dealer. presented bill for coal for be-
tween sixty and seventy dollars, and IL
was paid promptly at the New York
office,