Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1892-10-13
EDISON IS MAD.
He Was Squeezed Out of the
ThOmson-Ho Deal.
May Organize a Company to
Fight the Trust.

Willard, PiIlsbury and Other Millionaire,
Said to he Backing the Gigantic Project
As Both Sides Have Millions the Fight
for Supremacy win Undoubtedly BE .
Hard One.
NEW YORK, Oct 13.-It is reported
here that Mr.. Edison is going to with
draw from the Edison General Electric
company and that, with Henry Willard,
Millionaire Pillsbury, of Minneapolis,
and others, is going to organize big
company to fight what is known as the
electric trust. In regard to the affair a
local paper says;
Fer several days the report has been
circulating in certain quarters in Wall
street that Mr.. Edison, being no longer
able to bottle up his indignation at the
turn affairs had taken, expressed his
mind with vigor and wound up by in
sisting upon resigning from the direc-
tory.
For Edison to resign from the direct
Dry at this time when q mighty battle
10 just beginning in the electrical world,
would have made plain what has hereto
fore only been vaguely intimated, that
the most serious sort of trouble has been
brewing ever since the Edison and
Thomson Houston companies We're con-
soiidated II is rumored that Edison,
with Willard and some others, proposes
to establish new company, possibly
with headquarters at Chicago, with
plenty of capital and determination to
fight to the end what is now called the
electrical trust.
A few days ago friends Of Edison,
who have been associated with the con-
solidated companies, withdrew and,
taking the many millionaire miller
Pillbury, of Minneapolis, in as the
hacker, organized new company with
$13, 900, 900 as capital, with headquarters
at Minneapolis and with determine
ton to fight the consolidated company
for supremacy in the northwest.
1t is now said that this move will be
followed by the establishment of an Ed
ison company with as many millions OF
capital. If this is done it will be the
outcome Of difficulties which are highly
sensational, although they have been
kept comparatively quiet. Mr.. Edison
is reported to have been in state of
mind ever since the consolidation of this
company with the Thomson-Houston
people. He claims that he was misled
by those in whom he had confidence.
He was particularly severe with Vice
President Insul going. Wall street says,
SO far as to say to Insul: "This is, all
your fault" meaning by that that in the
deal which preceded the consolidation
the fact that the Edison interests were
not we'll taken care of was due to the
ease with which, Mr.. Insul was over
reached.
Edison was angry when Henry Willard
was compelled to retire from the presi-
dency, but the height of his indi gnation
was reached when he found that in the
consolidation he was thrust to one side
and Professor Thomson was chosen as
electrician OF the new consolidated COM
pany. This seemed like slight upon
Edison's reputation as an electrician.
The Thomson Houston electric people
came from Massachusetts and took pos
session Of the Edison offices on Broad
street. Edison found himself showed
off into little closet-like room, and be
also discovered that nearly all the Off
GERS of his old company had been in
formed that their services were no
! longer required. ~
1t also reached Edison's ears that a
pool Of insiders had been formed to put
the stock up until it reached very high
figure, while neither he nor any of his
| friends had been admitted to that pool
The story was told few weeks ago
that Mr.. Coffin, the Lynn shoemaker
who created !the Thomson-Houston
system out of the experiment room in a
Philadelphia college and who was In the
pool, had been quietly unloading some
Of his stock upon his unsuspecting fell
low members until he got $500, 900 or
more of their money, and they got a
good block of his stock.