New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-20
EDISON MAKES OBJECTION.
HI I. SAID TO OPPOSE CONSOLIDATION
IT'S GNrfRr.T- ~ THE ELECTRICAL COMPANY

MS INTfRr,T- N TIE LrCrEICAb COMPANY
DECLARED II HAVE SUFFERED.
Ever since It Became Known TINT negotiations were
under Way locking 0Wnd cons ,ldaiiOn Of the Inter
CT, Of tie Edison General Electric Company and those
Il the 1om son Houston Company in one large cOrpJ
ration with capital Of G:O,0oo.oOo, rimorS 81 trouble
Lcvccn the largest stJckhoh OF tho Edison Company
have been current. These lave generally taken The
SHAPE Of torc, ~ 10 tho strre relation, said TO exist
between Henry Willard AID !. Iicrpont Morgan. but
e c.dly - ucw phase put Tie mailer when it
wa, limited the first time that Mr.. Edison himself
/, the man who j, making the most forcibc protest
against the prOpos Il deal.
OHc story had It that Mr. Edison WA
% disgu-ted with the tan affairs had
tuhcn that lac proposed - withdraw entirely from tie
| company. 81 which he tho olisnat r and leading
spirit. and form new competing company This Mr..
fG-ons friend, DENY. Gt least far the orsauiLa
ton of company l. concerned. but they virtually
admit that he feel, much acgreved what he
..dcrs the acknowledgement Of the company and The
sacrifice OF his Interests. That he has moi vet retired
from the Board oi Trustees Is aid 10 he due n various
arguments tLat have been brought 10 bar upon him
hv thcec friends When. however. tie negotiations for
~ consolidation into eject II would surprise none
Of them if Mr. Edison shoal1 Insist uppn withdrawing
entirely.
Another story. which vouchcd for on good
authority and which found many believers, was TINT
Mr. EdsOns grievance j. against Mr.. Willard.
Mr. MORAN ard others who working for the con-
-odation but against the secOndvce president Of the
COMPANY Samuel ]. insult Mr.. insult has been for
year, Mr.. Edi-on's. personal representative and is
supposed 20 have had the management II his interests
For some years hc acted us Mr.. EdiSOns agent In
ENGLAND ard later was called to this country and
took prominent part in The forma ion Of the Edison
General Company, out Of the various small ard scat
tered COMPANIES that preceded IT, These companies
were fine Fdl.on Machine Works, at Schenectady the
Edison Lamp Company at Harrison, y. j.. berg
MANN 4 Co. Of Avenue A. lie sprngue Electric
liIlway and Motor Company, and the Euson Electric
Light Company In The first three Mr.. Edison owned a
majority Of the stock, In the Spraguc Company lc wns
largely interested and the Edison Electric Light Com
pany he controlled almost absolutely. When the
ANAL samatlon took place In 1857 resulting IN mo
General Edison Electric Company, Mr.. Ed!su's in
tercsts are said to have ben manipulated by Mr..
Insult that the wizard found himself holding les
than 10 per cent Of the stock, and ia "A hopeless
minority--as far us control was concerned.
1t would ,eeIn from The rnmors in circulation iu
Wall street Yesterday. that Mr.. Edison never
realized untl recently just how all this happened.
In conversation between him, Mr. Willard and
Mr.. insult, which is said to have oc-
ycpoTica AS hmv,n taxed Mr. tard vita Working
contrary TO his Interests In bringing about the cen
sollda,on with the ThomsOn-iloust Company. Mr..
gee. ard remarked Wcro IL not for your mi manage
mont no consolidation would have been necessary.
To this Mr.. InSdl had no reply To MAKE .,.
The outcome OF the Whole matler i likely 10 result
In the retirement OF Mr. insult from his present place
This may before the consolation Is arranged
which will probably not be before YAK or may not
when t. A. Coffin. Of the Tbomsoh-ilonston Company
| VIII be made general manager