The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-06-22
GATHERING THEM IN.
Electric Consolidation
Scheme Develops in
Newark.
special 10 The Jersev Ctr ye,cs.

Special TO The Jerseu CitU Vetcs-
NEWARK. June %. 1893 .-The Registers
Office in Essex county, which is in tbs
Court Hou Sc In Newark, closes every day
at four O'Clock. Exactly one minute be-
fore that time yesterday three documents
were fled which AVE an important bear
ing on the movement. which has long
been on foot, to consolidate all the cleo
tricsl enterprises in New Jersey unde I
one general management. They were:-
Deed and bill Of sale from the Schuyler
Electrical Power Company, conveying to
the United Electric Traction Company,
for the consideration of 81, all the ma
chinery, tools and building Of the Schuy-
Ter company in Market and Halsey
streets.
Deed and bill Of sale from the United
Election Traction Company, conveying to
James M. Smith for $500 the same prop
erty.
Deed ana bill of sale from James NJ.
Smith. conveying to The Central Power
Company for SILT, 900 the same property,
and including the leasehold of the ground
on which the Schuyler building stands.
WHAT IT MEANS.
This means that the Crimmins-W i'd
ener-Elkins-Shanley syndicate, which is
known as the Consolidated Traction
Company of New Jersey, aud has just
acquired control of all the electric and
horse railroads in Northern New Jersey,
expects before long to nave control of all
the electric power and lighting compan-
les as well.
The Schuyler Electric Power Company
is a Newark concern which furnished
power for various purposes. 1t Went into
the hands of a receiver, and last January
was bought in by James M. Smith, who
represented himself and Others compris-
ing the United Electric Traction Com
pany.
This was a syndicate which obtained
control of electric power aud lignring
plants In Newark, Marion a in other
parts of New York, New Jersey and
Pennsylvania, valued in all at 100000.
All these plants have been sold. the trans
fer of the Schuyler Company yesterday
being the dual move of the syndicate,
which at once transferred its interest to
organization.
WHO THE OFFICERS ARE.
Its president Is Andrew Lalnassen, Jr.,
and its secretary, A. Q. Keasby. Both
these men are largely interested in the
Newark street railways, and by vlrlue of
last weeks sale TO the Consolidated
Traction Company are bond owners in the
latter. They are also said to be interest
ed in the Newark Electric Light Com
pany.
/ also learned last night that there will
probably be papers filed today of even
more Importance than those of Yesterday
and which will be the consummatlon Of
the whole deal.
1.-The Central Power Company has not
gone into the lighting or railway BUSH
ness" said James M. Smith last night,
NOR do I know that 1t will. or course,
we are in the field for business. and ii the
railway company wants power sup
pose we would agree TO furnish IT. l
don't care to say anything else"
Robert Elliott. Of the Jersey City Gas
Light Company, was asked by a reporte r
| for The JERSEY CITY NEWS this morning
if the Jersey City company was in any
way interested in the big gas trust which
was disclosed by the filing of an incor-
corporation certificate iu the office of the
County Clerk of Essex county. This is
the irst that l rave heard OF the mat :
ter" he said. "There have been no ne
gotiations between this company and
any combination as far as l know. 1
don't think any combination has beeu
formed. 1t is likely that some old COM
panies hav been re-incorporated."