The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-07
GIGANTIC DEAL WHICH is TO GIVE
ST. LOUIS LIGHT, HEAT AND
TALK,
MILLIONS IN THE COMBINE.
THREE COMPANIES WHICH Ex.
PECT TO REvOLUTIONIZE
ELECTRIC AFFAIRS.
RATES Go DOWN AT THE START
Complete System of COnduits to BE
One of the Features I'm the
New Deal.

ST. LOUIS, Mo-, Dec. GA gigantic
deal. involving a revolution in the tele-
phone and electric lighting business Of
St. Louis. has been consummated.
Three big companies, with an aggre-
gate paidup stock of nearly three mill
ion dollars, have been organized by
about twenty of the most prominent
and wealthy citizens of st. Louis. One
of the companies will introduce a new
telephone system in ST. Louis at much
lower service rates than those prevail
ing at present. 1t 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 cleo
trio plant. supplying power of all kinds
for public and private use. The third
company will construct the telephone
and electric plants for the two other
companies, manufacture the equipments
and will construct a complete system
of underground conduits. A fourth
company is also in the deal, but it
will not figure in the proceedings at
present.
The local capitalists interested in the
new companies are: Ellis Vain
wright, Adolphus Busch, August Geh-
ner, Samuel M. Kennard julius S.
Walsh. Rolla Wells, Charles H. Tur-
ner, William F. Nolker, William T.
Haarstick. G. Marquard Foster, Henry
Nicolus. George j. Kobusch, Philip
Stock, Lawrence B. Pierce, Breckin-
ridge Jones, c. K. d. Walsh, Otto Won
Schrader, William D. Orthwein and HI.
S. Priest.
Tho Lip1ool Ta1oobo,o ,ox.,,oa,..x -
the name of a 81 100000 company char
te<ed by the secretary of state at JEFF
ferson City Saturday. with paid up
capital stock. The incorporators were
the st. Louisans just named, and Hop
kins j. Hartford, of Evanston, ILL.,, and
James III. Parish, of Brooklyn, N. Y.
The capital stock of the company, how
ever. will also be taken by the st. Louis
parties.
Articles of Incorporation of the ST.
Louis Electric and Construction COM
pany, with a full capital of $500, 600,
were filed in the recorders office in
this city. The papers contain the same
list of incorporators.
Late yesterday afternoon the same
gentlemen held meeting and closed q
deal which put them in possession OF
the Citizens Electric Lighting and
Power company and the Telephone and
Telegraph Service company, both of
which have had but a nominal bust
ness for many years. The Citizens
Electric Lighting and Power company
was then organized with a full paid
capital stock of $75O,0OO and officers
We're elected.
The deal is one of the largest ever
accomplished in st. Louis and it's eff
fects are far-reaching. The combina-
ton was made for the avowed pur-
pose of revolutionizing the telephone
and general electric business in st.
Louis. The local capitalists start out
with the announcement that the new
telephone company will provide te1e-
phones at $36 per year for residences,
$50 for physicians and $50 for business
houses. The present telephone rate is
500 per year for the Bell telephone
service. The new company will open
general offices next week and will at
once get out and hustle after pros
pective subscribers. The local capt.
talists apparently mean business, as
they filed their applications for con-
Quit space with the board of public i'm
provements late yesterday afternoon
and also filed four bonds aggregating
$4,000 with the mayor and council.