New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-20
NEW L. r. j. AND p. DIRECTORS.
CHANGES TAKEN TO MEAN CONTROL BY
THE CONSOLIDATED GAS COMPANY.

THE CONSOLIDATED GAS COMPANY.
The reports current a month ago that the
control Of the United Electric Light and Power
Company had passed to the Consolidated Gas
Company which would use Its new acquisition
as an aid in its warfare with the other gas
companies-especally the New-Amsterdam. the
leading director OF which is prominent mem
Der Of the whitney syndicate, owning the New
York Gas and Electric Light, Heat and Power
Company-were revived yesterday when 1t be-
came known that the Board of Directors Of the
United Electric Light and Power Company had
been practically reconstructed at the stock
holders annual meeting on Saturday. Only five
OF the thirteen directors re-elected-Presi
dent George w. Hebard. George Westinghouse.
Paul ID. Cravath. c. II. Jackson and Philip F.
Kobbe. The places OF the retiring directors
Brayton Ives. Marcellus Hartley, c. j. Canda
August Belmont. Charles Francis Adams, Dun
can c. Parmly James Stokes and the late Henry
B. Hyde-were filled by the election of the fol-
lowing men: George II. Church. George II. Rae
Benjamin Whiteloy. Cortland Belts. Arthur
Starke Osborn w Bright, Joseph +. Sweasy
and A. Murray Young
These eight names, without doubt, represent
the new interests which have come into control
OF the company but IL cannot be readily
from the list just what those interests A.
NJ. Young is well known the chief promoter
OF the project for combining the trolley. electric
light and power interests OF Connecticut among
his associates in that enterprise being II is said
Vice President Hobart, Samuel Fessenden. Of
Stamford Conn; II. G. Runkel, Of Plainneld,
~ j.. and r. A. c. Smith, of this city. Osborn
w Bright Is secretary OF the New-York Sc
curlty and Trust Company. OF which Charles
Fairchild is president at No. 44 Wall-st. Cort
land Belts is lawyer at the same address. and
Benjamin Whiteley and George II. Church, both
OF whom are connected with the Duluth South
Shore and Atlantic Railway Company. also have
their Offices at No. a Wall-st
The United Electric Light and Power Com
pany, which is the successor OF the United
States Illuminating Company. is capitalized at
S11 900 600 and operates a service extending 10
ell parts of this borough. 1t is the only COM
pettor OF the New-York Gas and Electric
Light Heat and Power Company. and 1t would
not be strange II IT should develop that that
company has become its purshaser.
George W. Hebard, the president. when seen
AT his home, No. 100 McDonough-st Brooklyn
last night said
There is nothing Of any especial significance
or public interest in the election to-day. The
new directors naturally represent the interests
OF those who for some time past have been
interests have obtained control OF the stock
myself would be unable TO say altogether. The
papers have been specializing about 1t for some
time past | could guess, but that | have no
right TO do
I'VE held the election Of officers to-day be-
cause no election held at the regular an
nual meeting in February"
Mr.. Hebard said that the United Electric
Light and Power Company owned a FRANCHISE
for electric lighting only. and that 1t had been
obtained from the old city Of New-York
Whether the Consolidation act would extend the
franchise TO the annexed districts he was un-
able 10 say.
There were rumors in Wall street yesterday
that J. Pierpont Morgan and Russell sage were
10 have a conference. with view to settling
the gas war. but these rumors had no conirma-
tjon and few believers Mr.. Sage was quoted
Yesterday as saying that he had received offers
from three interests Independent OF the Stand
ard OF Company. representing concerns both In
and ont OF this city to furnish to the Standard
Gos Light Company more than years supply
OF crude petroleum at prices much lower than
those quoted by the Standard OIL Company, and
that the Standard Gas Light Company would
he enabled by accepting one OF these offers to
pursue it's business Independently OF any com
bination with the other companies.