New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-06
GREAT COMPANIES UNITE.
TWO OF THE LARGEST CONCERNS IN THE
COUNTRY AMALGAMATED.
THE BALDWIN LOCOMOTIVE WORKS AND THE
WESTINGHOUSE ELECTRIC COMPANY POOL
THEIR IssUEs-TO DEVELOP THE

WESTINGHOUSE ELECTRIC COMPANY POOL
THEIR IssUEs-To DEVELOP THE
ELECTRIC LOCOMOTIVE.
Philadelphia Aug. THE Baldwin Locomotive
Works, OF this city, which are owned by Burnham
Williams & Co.. and the Westinghouse Electric and
Manufacturing Company, OF Pittsburg. two OF the
largest industrial concerns in the country. have
been amalgamated. The official announcement or
the extensive deal made this afternoon by a
member OF the firm OF Burnham. Williams & Co,
Negotiations looking to the amalga nation have been
In progress for two months. and to-day they were
ratified by the local concern. Tomorrow the Board
OF Directors Of the Westinghouse Company VIII
take similar action.
The consolidation will be one OF mutual inter-
ests and of capital The two companies will
maintain their individual identity and will not be
merged into corporation. The members OF the
Baldwin firm have recognized that the electrical
locomotive will probably supersede its pro-
genitor OF steam and they determined to prepare
for the advent OF the motive power lhey
looked the field carefully and speedily discov-
cred that all electric practically con-
trolled by present patents. To these patents In
the construction OF locomotives they would be Obliged
to pay heavy royalties The Westinghouse Com
pany was DESTROYS of putting into practical opera
ton its electrical appliances for motive power ana
the mutual interests OF the two companies brought
them together. The Baldwns. under the agree
ment with the Westinghouse Company, Will manu-
facture az the parts OF the locomotives except the
electric motors and these will be supplied ~ the
Westinghouse Company. Both companies VIII re-
tain their present plants, and no immediate n
in their working forces is proDaDie Win
the successful Introduction OF electrical .0colotNes
the force OF both companies will probably nave 10
be enlarged specimen electric locomotive VIII
be built and the possibilities of electricity as ilo
tive power will be illustrated in this engine Da'l9
Leonard Barnes. the railroad engineering eNperi OF
Chicago has been selected az the joint superintendent
OF the companies to supervise the CONSTRUCTION
OF the electric locomotives. -,
The Baldwin Locomotive Works were louhueu py
Matthias w. Baldwin. who on April % ISL pui, ms
locomotive "Old lronsides." which made us nrst
trip on the Germantown road on November % 49,.
The first building the present site IN Pnadepnla
was erected in 1885. The works cover fourteen aces
OF ground and the capacity on full working tine,
Is one locomotive in each eight hours. lnere ar :
400 men employed. The capital OF the nrm Is placed
al s. 100000 -,
The Westinghouse Electric and Manufacturing
Company is Incorporated having its plant IN ltts-
burg Its capital is 100000, and the last state
ment showed It's assets to be $liI22,3o Brayton
Ives is chairman OF the Board Of Directors, and
George westinghouse. jr, is president OF the COM
pany. In the board are Charles FRANCIS Auains'
August Belmont and other well-known capitalists:
lis stock is divided into $67 $50 preferred, Slo1io
asserting and $3.50 common Its charters, iran
chses and patents are rated worth Si,3t3SZ. Inc
Westinghouse Company controls some OF the most
valuable electrical patents In existence, Us ony
formidable rival being the Edison General Electro
Company OF New-York. II also controls the W est
inghousc Air Brake Company, the Union Swltch
signal Company and a number OF minor corpora