New-York tribune., 1899-01-04
PLANS or WHITNEY SYNDICATE.
TO TAKE OVER THE EDISON ELECTRIC
ILLUMINATING NY-MONOPOLY
OF THE BOROUGHS ELECTRIC
LIGHTING. HEATING AND
POWER In SIGHT
POWER IN SIGHT.


It became known yesterday that the Edison Elec-
trio Illuminating Company Of this city would soon
be taken by the New-York Gas and Electric
Light. Heat and Power Company, which is owned
by the whitney STANDARDIZATION G. Whitney,
Thomas Dolan. Thomas F. Ryan. william l.. Elk
ins. p A. y. Widener and Anthony N Brady John
d. Crimmns early in December. II may be remem-
bered said that Mr. Whitney and his associates
In the New York Gas and Electric Light. Heat and
Power Company had bought the Mount Morris
Electric Company the Manhattan Electric Light
Company, the Edison Electric Illuminating Com
pany and subway company. But Mr.. Crimmins dld
not profess to be an authorized spokesman for Mr..
Whitney. and his assertion that the Edison Electric
Illuminating Company among the electrical
properties which had been acquired by the Whit
ney syndicate found to be Inaccurate. The
negotiations for that purchase are still proceeding.
and II Is understood that not even the preliminary
agreement has yet been signed: but there Is practl
cally no reason TO doubt that the transfer OF the
Edison Company will be effected within the next
four or five weeks. The men controlling the New
York Gas and Electric Light. Heat and Power
Company are is well known. also the chief own
ers OF the Metropolitan Street Railway Company.
The former corpora tion three weeks ago bought
for 100000 large plot Of land at Ninety seventh
st and the East River. close to the great power
house which the Metropolitan company is erecting
in Ninety-sxth-st, and 1t Is understood that on
this land will be built powerhouse which will be
in effect an extension Of the Metropolitan's and
operated in conjunction with IT,
There Is n certain brief period Of the day during
which the volume OF traffic the electric roads
is at its ma ximum. Dynamos sufficient In number
and power to meet this strain must be installed
some OF which are necessarily idle most of the
day while the traffic is only normal This top
notch" Of required power Is called the electric
peak" the traffic curve gradually rising from
,,,,tn oho * O'p uh
reaches the peak" and then subsding until It
gets down to normal again. at about the hour in
the late evening at which the electric light curve
II also graphically represented would De snow, SHOWN
Company of Brooklyn year or two ago erected
near Bay Ridge big central power-house from
which to distribute to all parts of the borough Its
electricity and 1t Is believed that It f. the purpose
Of the Whitney syndicate In the same way to 70 CON
sixth-st and Ninety -seventhst., with PERHAPS an
other large station at some other point, and to
close several OF the stations now operated by the
Edison Electric Illuminating Company. and then to
run All its dynsm9s in the & central con
storing the surplus electricity which. under this
system of operation would he generated in large
volume. and distributing 1t at need for purposes
OF light, heat and power
With the taking over OF the Edison Electric IL
Eliminating Company. in addition to the Mount Nor
ris Electric Company and the subway company. the
New-York Gas and Electric Light Heat and Power
poiitan Street Railway Company. would 10 be
within sight Of securing what amounts to Nearly
heating and powe- in this borough-correspondr
in its scope to the Kings County Electric Light
and Power Company. in Brooklyn. which owns all
OF the electrical companies OF that borough, and
the principal men In which control also most OF the
street railway lines and are believed be also
I'm negotiation for the purchase Of the two elevat-
ed railway systems TO both Of which the Kings
County company is now selling power
The Edison Electric Illuminating company has
total authorized Issue OF 50 200 100 stock and SIS oco
OOO bonds II owns and operates six central stations
I'm this borough In 1897 the company had 22T miles
Of ducts $50 miles Of conductors. s7ll customers.
3s2 29 lamps OF sixteen ndle power and Gl arc
lights It's gross earnings were s2, i66255 and It's
net earnings 81 li7.ia1