Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-01

in which it could be solved, and with the
cooperation of the security holders they
would be able to save these great properties
and bring them through state of con.
valescence to perfect health. Moreover,
bankers who controlled many millions Of
dollars were ready to subscribe $14, 600, 600
hard cash in order to assist the consumma.
tion of this project.
Whether it succeeds or not at this writing
is not known, for the time has not yet
arrived when success or failure is to be
announced. That, however, does not enter
into the consideration as suggested by Mr..
Depew. The history simply shows what
the greatest geniuses of finance, not only in
New York but throughout the country, are
just now thinking about.
In Scientific Commercial Life.
The great men whose brains are striving
to make of commercial utility some of the
great scientific discoveries of this end of the
century's days are thinking now of the de-
velopment of electricity as business COM
modify; and one of the great achievements
of the winter and early spring has been
the bringing into harmonious relations two
Of the great corporations which have fol-
lowed the discoveries and application of
such discoveries to commercial need of two
of the greatest of American electricians,
Edison of late has been employing his busy
brain in single direction He seems to be
fascinated with his invention of extracting
py means of magnetism iron ore from the
foreign material with which it is associated
when brought from the ground, and enor-
nous as has been the money value of other
OF his inventions, it is his option that they
will fall into comparative insignifcance be-
side the profits which this invention will
bring to him.
A powerful corporation, however, had
been created commercially to develop some
OF his electric inventions, while in the New
England States another great corporation
controlled the patents which were the visi-
BILE results OF the studies and discoveries of
Prof. Thomson. Between these two cor
Porations the bulk of the business of furn-
lshlng electric light, power and the ma
chinery which utilizes such factors was con-
trolled. Edison and Prof Thomson are
able to pull aside the curtain which hides
some of the mysteries of nature and give to
the world the comforts and the blessings
which flow from such discoveries. but it re-
quired another order of talent to make
these discoveries commercially successful.
Therefore when Edison and Thomson had
finished, the work of the business men be-
gan, and some of the ablest Of busy business
brains have undertaken this part of the
joint development. All winter they have
been thinking about q union of interests,
Snd fe weeks ago this was accomplished.
Tbs raion represents probably $50, ,000, 900
OF capital and the control of the major part
OF the electric business of the United States.
No one not associated with these men can
conceive the tremendous intellect ual strain
required to bring about such consolidation.
1t Is another one of those things with which
the busy brains of men of genius have been
engaged during the past few months.
Whitney's Surface Road Achievement
When William C. Whitney finished his
term as Secretary of the Navy many
thought that his career was practically
finished, for it had been crowned with