The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-19
SCOOPED By The BRUSH co.
The Peoples Electric Light and Power
Company in New Hands.

The Old Company Secures Control by
an Exchange of stook-The Terms
of the Deal Not Known-The Nego-
Citations Conducted Very Quietly
The Brush People Now in Control Of
the Electric Lighting Field.
The Brush Electric Light and Power
Company is again in sole possession Of the
electric lighting field in Savannah. 1t has
scooped its new rival, the Peoples Elec-
trio Light and Power Company. a deal
which has been in negotiation for some
time was completed yesterday. by which
the Brush company takes entire charge
OF all the electric lighting apparatus of
both companies and viii operate them
under its own name The Peoples
Electric Light and Power Com
pany, which was practically the same as
the Electric Railway Company, turns
over its business TO the Brush Com
pauy.
The lamps Of the Peoples company viii
be supplied for the present from its plant
at the Electric railway power house. Even
tually, however, all the electric lighting
apparatus will be transferred to the
Brush power mouse.
AN EXCHANGE OF STOCK
The exact terms Of the deal are not
known 1t is neither a purchase nor
consolidation wholly, but appears TO be
little Of both. The Brush company takes
a certain amount Of Electric Railway
Company stock and pays for the stock
and the lighting plant which 1t secures
by its own stock. Exactly how much
stock will pass between the two COM
panies as the result of the deal is not
known, but the deal appears 70 be mu-
tually satisfactory one.
The Brush company does good stroke
of business in getting rid Of very lively
competitor, while the Electric railway, in
selling its lighting plant manages to sell
a good portion of its stock, doubtless at
satisfactory figures This deal unites the
two largest electrical companies in the
city in a mutual bond of interest and may
result in further developments.
TIE DEAL QUIETLY MADE.
A rumor that a deal was on foot was
current on the streets all Of yesterday.
President Collins of the Electric Railway
Company was asked by MORNING News
reporter yesterday morning what was the
meaning Of the nGgOJ iaJiOns that appeared
to be in progress. He locked wise and
declared himself in ignorance of every
thing In the nature Of deal He seemed
anxious to get away TO meet an appoint
ment, however
Mr.. S. 2. Hamilton president Of the
Brush Electric Light and Power Com
pany, was seen at his office later in the
day He was asked If il were not a fact that
a deal had been made between the Brush
Electric Light and Power Company and
the Peoples Electric Light and Power
Company, which would result in a COM
He said that Ii any deal had been made
he knew nothing of it.
''You can say positively that the Brush
company has not been scooped,n said he,
"and you may also state
that there has been no con
solidation. Mr.. Wrenne, representing
the Electric Railway Company, called
upon me two or three times and discussed
the subject, negotiating for a com bination
of the two properties. / have not seen
MIR. Wrenne in the last day or two, and I
supposed he had left the city. ! supposed
that he had given out the idea and that
the negotiations had been dropped"
A GOOD PROPERTY
Mr. Hamilton talked as if the Brush
company had no particular desire TO alb
serb its smaller rival. He seemed to be
in an easy frame of mind, however, and
appeared to regard electrical property as
pretty good thing
A director in one Of the two companies
"snap" away. The deal was made, he
said, upon the lines stated above.
The Electric Railway Company thought
II would have all il wanted to do now In
handling its large street railroad proper
ties, and the Brush Electric Company
was glad Of an opportunity to dispose of
rival and again secure complete control
of-the electric lighting field. The deal,
be thought, was satisfactory to both par
ties He was not at liberty to give away
the figures, but il was transacted chiefly
by means of an exchange of stock.
The Peoples Electric Light and Power
Company has only been in operation few
months, but has made rapid strides in
that time. The largest contracts 1t re-
ceived were the lighting Of the Savannah,
Florida and Western railway and the city
market. In addition il secured a number
of smaller contracts. 1t was enterpris-
ing and enegetic in its policy, and had al
ready become serious rival of the old
established company. What advantage
its absorption by the larger company viii
be TO the public remains to be seen. The
Brush company is very strong financially,
and will probably add TO its equipment
now that there seems to be an increased
demand for electric lighting