New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-07-09
NOW CONTROLS AIR POWER
COMPRESSED AIR INTERESTS COMBINED
BY WHITNEY SYNDICATE.
AMERICAN AIR POWER COMPANY TO BE
PARENT CORPORATION-sYND
PRESENT CONTROL OF ELEC-

PARENT CORPORATION-SYNDICA
PRESENT CONTROL OF ELEC-
TRIO AUTOMOBILE FIELD.
Joseph II. Hoadley about six weeks ago con-
frmed a report that negotiations were well un-
der way fDr consolidation of air power COM
panies into single corporation, with a capital
Of probably about 5000, 100000. the combination
to embrace the New-York Auto-Truck Com
pany the General Carriage Company and many
other corporations. its chief members, however,
being freight transportation concerns. All the
cities of the Union in which there were auto
truck companies, Mr. Hoadley added, would be
represented in the new company, the plans for
the organization OF which included the acquisi-
ton Of a large manufacturing plant.
It was announced yesterday that the consoli-
dation would soon be perfected. and that the
American Air Power Company and not the New
York Auto-Truck Company, as had previously
been reported, would be the parent company
with which all the others would be merged.
The directors Of the American Air Power Com
panv are Thomas Dolan. w. L. Elklns, Thomas
F. Ryan A. A. Mcleod and j. H. Hoadley. and
Henry Payne Whitney is to enter the Board
this week
The operation of the air power cars in Twen-
Of the Metropolitan Street Railway Company.
that corporation has now decided to equip at
once with compressed air motors all its other
crosstown lines and also the Belt Line. and Will
also have in operation next winter on It's cable
and underground trolley roads large number
of compressed air snow sweepers Air power
will be substituted for horses on the Twenty
eighth-st. and Twenty -ninthst line, 1t is said,
b, Sentemher l. II is also understood that
con,nressed air will soon be substituted for the
cables on the Chicago lines, which have recent
" been ACQUIRED by the Whitney syndicate in
terests
Members Of the Whitney syndicate. IT will be
noticed make up practically the entire Board
Of Directors OF the American Air Power Com
pany. which, 10y absorbing the other companies
manufacturing motors and vehicles under the
Hoadley- Knight patents for the use OF COM
pressed air will control the whole air power
automobile field
The leading competitor OF compressed air as
the motive power of the future is the electric
storage battery. and this. too is practcally the
possession Of the Whitney syndicate Inc f-lec-
trio Storage Battery Company OF PhlIadeiphla
which owns the underlying storage battery pat
ents is controlled by that syndicate, Wnlch also
controls the Electric Vehicle Company, con
Germ which manufactures automobiles under the
Electric Storage Battery Companys patents
and which has recently organized ana IN turn
controls nearly score OF electric Vehlcle ~Tals ~
portation companies. operating IN as many
States among them the NewYork Electric We
hicle Transportation Company OF whlch Henry
Payne Whitney a few days ago electeu
president Ii was also reported recently tnat
n Philadelphia syndicate. including W. l." Ei-
kins and T. A. B. Widener prominent members
OF the Whitney syndicate had secured controi
of the Daimler Manufacturing Company, Whlch
holds various patents for oil motors, Launches
and engines.