Kansas City daily journal., 1896-12-07
NEW TELEPHONE AND ELECTRIC
LIGHTING COMPANIES FORMED.
THREE GREAT CORPORATIONS,
HAVE AN AGGREGATE PAID UP
STOCK OF NEARLY s3,ooo,ooo.
Expect to RevoIutionize the TeIe-
phone and Electric Lighting Bus
inesS in the Mound City
Home Capital Back of
the Big Deal.

st. Louis. Dec. ga gigantic deal. in
volving revolution in the telephone and
electric lighting business of St. Louis has
been consummated. Three big companies
with an aggregate paid up stock of nearly
10000, have been organized by about
twenty of the most prominent and wealthy
citizens Of St Louis. One of the COM
panies will introduce a new telephone sys-
TEN in ST. Louis. at much lower service
rates than those prevailing at present
II will establish a home telephone plant
which will in time extend to neighboring
points. The second company, owned by
the same persons, will operate an immense
electric plant, supplying power OF all kinds
for public and private use. The third COM
pany will construct the telephone and elec-
tric plants for the other companies; manu-
facture the equipments, and will construct
complete system of underground con-
duits. A fourth company is also in the
deal, but it will not figure in the proceed
ings at present.
The local capitalists interested in the
new companies are Ellis Wainwright, Adol-
phus Busch, August Gehner, Sam NJ. Ken
nard, Julius S. Walsh, Rolla Wells. Charles
H. Turner, William F. NOlker, William T.
Haartick, William F. Marquard Foster,
fitHTS -NOGHOIdS, george d. hOOuSCn, Inll-
lip Stock Lawrence B. Pierce, Breckin>
ridge Jones, C. K. D. Walsh, Otto Won
Schrader, William D. Orthwein and H. S.
Priest.
The Kinloch Telephone Company is the
name of a s15O0,OCo company chartered by
the secretary of state at Jefferson City
Saturday, with a paid up capital stock.
The ircorporators were the st. Louisians
just named and Hopkins ]. Hanford. of
Evanston, Ill, and James H. Parish, OF
Brooklyn, n. Y. The capital stock of the
company, however, will all be taken by
the st. Louis parties.
Articles of Incorporation of the St. Louis
Electric and Construction Company, with a
full paid capital of 100000, were filed in the
recorders office of this city. The papers
contain the same list of incorporators.
Late yesterday afternoon the same gen.
tleTnen held meeting and closed a deal
which put them in possession of the CSti-
zens' Electric Lighting and Power Com
pany and the Telephone and Telegraph
Service Company. both of which have had
but a nominal business for many years.
The Citizens Electric Lighting and Power
Company was then practically organized
with a fun paid capital stock of $4,000 and
officers were elected.
The deal is of the largest ever ac-
complished IN St. Louis and its efforts are
far reaching. The combination was made
for the avoTed purpose of revolutionizing
Tire CcFcpHOLlS dIlu general eleCITlc business
IN St Louis. The local capitalists start out
with the announcement that the new tele-
phone company will provide telephones at
$36 per year for residences, $50 for physi-
clans and $50 for business houses The
present telephone rate is 500 per year for
the Bell telephone service The new COM
pany will open general Offices next week
and will at once get out and hustle after
prospective subscribers The local CAPITAL
lists apparently mean business. as they filed
their applications for conduit space with
the board of public Improvements late yes
terday afternoon and also filed four bonds
aggregating $4,000 with the mayor and