The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1892-03-05
WILL SURPASS BOTH
A Rival for the Thompson
and Edison Companies.
OFFICERS ALREADY ELECTED.
To be the Largest Elsotrio Light Plant
in tho World.

The Stem ems II alslte. O. company of Berlin is
About to Locate in Chicago-Papers of
incorporation Flied with the Secretary
of state-wnl Employ from 1e, 200 to
$1,000 Men-The Company Unhampored
with Burdens or Claims.
CHICAGO, March 5-The largest cleo
trio light company in the world is about
to locate in Chicago, making this the
ceutre Of it's operations in the United
States.
The meeting for organization has
been held, and all preliminary arrange
ments made for an early establishment.
In connection with the magnitude of the
work contemplated by this foreign com
petitor, the combined strength of the
Edison and Thompson Houston compan-
fes, it is said will sink into relative in
significance.
The new rival in the field is no less
formidable concern than the Siemens 81
Halske Company. of Berlin, which has
constructed nearly all the ocean cables
laid, and which has works at London,
Berlin, Vienna, and Belfort, France.
Several weeks ago papers of incorpora-
tion for the Seamens & Halske Electric
Company were filed with the Secretary of
State at Springfield, Ill.
A meeting for Organization had been
held aud the following officers were
elected:
o. w. Meysenberg president; A. W.
Wright, Secretary, and the following
Board of Directors: Arnold Won Sic
mems, George William Won Siemens, o.
w. Meysenberg, A. W. Wright, and
Alexander Won Baho.
The company will be practically an
American branch of the Siemens and
Halske Company, under the direct man
agement of Mr.. Meysenberg and Mr..
Wright. Alex Won Baho, who was elected
to the Board of Directors, is a New York
man, and is an American representative
of the parent company in a large number
of other important interests With the
new company he is TO act in the capacity
of a director engineer. Bayley and
Waldo are to be attorneys and G. H.
Benjamin, of New York, will have charge
of all affairs relating to patents and their
litigation.
The plan of the company is to send
$500, 600 in the construction of a tempor-
ary plant which will be in connection
with that of the Wells & French Co., of
this end the managers will turn their
immediate attention. In the construc-
tion of the permanent plan from three
TO five millions ofmoney will be invested.
Eventually it is expected to make this
plant larger than any of those now
operated in Europe, and which employ
from IL, 900 to 10, 900 men.
The new company it is claimed, will
have the advantage of $40, 900, coo capital
of its projectors, and, with the large
number of its patents which it now has
in the United States, will possess an enor-
nous power from the start. While
the capital of the combined Edison and
Thomson Houston Companies amonnt
to $50, 600, 900, it is claimed that dividends
must be paid on So, 5000, which has been
spent in patents now Worthless The
new enterprise is hampered by no bur-
dens and claims, an enormous advantage
over its competitors on this ground.
An attorney of the company makes
the following statement.
"1here is no stock jobbing scheme in
this entersrise. If there had been it
would probably have been located in New
York instead of Chicago. 1t will be
owned and controlled by Siemens and
Halske, the other directors being part
ners in this particular plant.
1T has been the steady policy of the
Berlin firm never to sell any stock to an
outsider, no matter how exorbitant of
fers are made forit have in vain tried
to get an interest in the concern
myself, but Baron Won Siemens has been
firm in his refusal, telling me that any
bills for services ! might hand in would
be paid in cash, but that stock or inter
est in the firm Icould not have.
"The establishment of this plant in
Chicago is one of the greatest events in
American mechanical history"