Waterbury evening Democrat., 1892-03-05
WILL SURPASS BOTH
A Rival for the Thompson
 and Edison Companies.
OFFICERS ALREADY ELECTED.
To be the Largest Electric Light Plant
 in tho World.

The SIem ens- HRlske: Company of Berlin is
 About to Locate in ChicagO-Papers of
 Incorporation Filed With the Secretary
 of state-wnl Employ from 1@, 900 to
 15,OOO NIen-The Company Unhampered
 With Burdens or Claims.
 CHICAGO, March 5.-The largest cleo tric light company in the world is about to locate in Chicago, making this the centre of its 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 ia the field is no less formidable concern than the Siemens & 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. III.
 A meeting for organization had been held and the following officers were elected:
 O. w. Meysenberg, president; 4. 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 Von Baho.
 The company will be practically an American branch of the Siemens and Halske Company, under the direct man. agement of MT. Meysenberg and MT. Wright Alex Von 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, 900 in the construction of a tempor- ary plant which will be in connection with that of the Wells & French Co.,, of which Mir. Mey senberg is President To this end the managers will turn their immediate attention. In the construc- tion of the permanent plan from three to five millions of money will be invested. Eventually it is expected to make this plant larger than any of those now operated in Europe, and which employ from 12, 900 to 15, 900 men.
 The new company 1t is claimed, will have the advantage of $40, COG, GOO capital of its projectors, and, with the large number of its patents which 1t 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, 900, 900, it is claimed that dividends must be paid on s, 5000, which has been spent in patents now woIthless. The new enterprise is hampered by no bur dens and claims, au enormous advantage over its competitors on this ground.
 An attorney of the company makes the following statement.
 "lhere is no stock jobbing scheme in this entersrise. If there had been it would probably have been located in New York instead of Chicago. It 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 for 1t. 1 have ill vain tried to get an interest in the concern myself, but Baron von Siemens has been firm in his refusal, telling me that any bills for services l might hand in would be paid in cash, but that stock or inter est in the firm could not have.
 "The establishment of this plant in Chicago is one of the greatest events in American mechanical history"