St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-12-01
INTO ONE Big DEAL.
The Electric Light and Gas
Works Interests to Be
Consolidated.
That Is the Object Of the
Present Visit OF Financier
Willard.
A Gigantic Company With
Heavy Capital to Pe
Formed.
Local Men to Control 1t and
Willard to With
draw.


Company of st. Paul and the St Paul
Gas Light company are to be CONSOLE
dated and made into one gigantic local
company with capital of from 81, ,OOO,-
coo to ST, 600. 900.
This is the meaning of the visit of
Henry Willard to the Sanity city at the
present time. Mr.. Willard is the presl-
dent of the st. Paul Gas Light company
and large holder of stock in it. Dur
ing the past few weeks interested par
ties have been soliciting subscriptions
to the stock of the consolidated COM
pany, and many of the wealthiest local
capitalists have subscribed for large
blocks under the supervision of Craw-
ford Livingston. When this move
ment reached the proper stage
Mr.. Willard was communicated
with and promptly made his appearance
in the city. During the past two days
lie has had many conferences with the
officials of the two companies and with
the capitalists who have taken stock In
the new concern. and matters are we'll
along toward the organization of the
consolidated company. Thus far Mr.
Willard has declined to be interviewed
regarding the matter. giving as his eX-
cuse that he is in the city ON private
business"
The offices of the st. Paul Gas Light
company are located in the New York
Life building and the works are To-
Gated on Olive, corner Fourth; and Mar
tin, corner Oxford, with an electric sta
ton on Washington street. The Off
GERS are: Henry Willard, president;
Crawford Livingston, vice president
and general manager; b. +. Ellison.
secretary and treasurer. The Offices
and works of the Edison Electric Light
and Power company of st. Paul are at
the corner of College avenue and Cedar
street. The officers are: Col. =. b.
Lamborn, president: o. G. Greene, vice
president, and George III. Finn, secre-
tary, treasurer and general manager.
Both of these corporations are dlvi-
dend payers and when consolidated are
expected to do q great deal better than
they have in the past. The talk that
Mr.. Willard is here TOR the purpose of
making arrangements fora new electric
line between the Twin Cities is wholly
incorrect, as Is another report which
makes it appear that he is arranging q
combination to control the electric light
and gas plants from Superior to Seattle.
The great promoter is and always has
been believer in consolidation. He
does not believe In two companies doing
business in a field that could be filled
by one, and the movement toward the
consolidation of these companies was
suggested by him. He will not
be in the official board of the
new company even if he holds any of
the stock. While an exact list OF the
new stockholders cannot be had few
of the larger ones with the amount of
their subscriptions follow:
A II. Wilder 49,. .............. $4,000
James D. Hill ................... EUU.UuU
John L. Merriam. ........ ........,... l50.OOO
Gov. w. r. Merriam. =. 10000
The stock of the new corporation will
be held almost entirely by local capital
lists, which, by the way, was one of the
principal objects of the consolidation.
Just how long it will take to complete
the change cannot be stated, but every
thing was we'll along when Mr..
Willard arrived on Tuesday, and the
articles of incorporation of the new
company will be filed in The course of
the next two or three days. AS soon as
this is done Mr.. Willard will return to
New York, where, it is said, he will pro-
ceed to close out his interests in the
Northern Pacific. The great financier
has been accused of selling considerable
Northern Pacific stock during the past
two months, most of the stock certifi-
Gates made out in his name having been
transferred on the Philadelphia stock
exchange as long ago as Sep
tember. Whether Mr.. Wizards
withdrawal from the Northern
Pacific means that he is to receive a
portfolio from President Cleveland, or
the German mission is known probably
only to the president-elect and Mr. Vii
lard. During the campaign that has
Just closed Mir. Cleveland had no more
ardent and effective supporter than Mr.
Willard. He was tireless in MS devO-
ton to the cause of Mr.. Cleveland, aud
was not the least influential of the great
trio composed of ex-SecretarY Carl
Willard. While the great rail-.
road magnate has not been
politician, he realizes that
his connection with the Northern Pa
cific or any other great land grant rail-
way would prevent his appointment to
a cabinet position.and possibly to for
eign post. This may explain the rea-
sons which have led him to think of
dropping out of the Northern Pacific.
There has been great deal of talk
connecting Mr.. Wizards name with the
mission to Germany. This appointment
has been singled out because in that
country Mr. Willard has lots Of friends
who have stood by him in the darkest
hours of his tempestuous career. To
go to their country as the representa-
tive of the United States would there
fore be appreciated by him, and be
proper and honorable close to wonder