New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-06
rs IT WHITNEY'S SYNDICATE'
INCORPORATION OF THE ELECTRIC COM
PANY OF AMERICA.
IT'S CAPITALIZATION s25o ooo-BELrEvED TO RE
FORMED TO CONSOLIDATE PHILADELPHIA

IT'S CAPITALIZATION s25 900 ooo-BPLrEvED TO RE
FORMED TO CONSOLIDATE PHILADELPHIA
ELECTRIC LIGHTING INTERESTS.
Trenton. ~ j. Jan. 1.-THE Electric Company
OF America filed to-day with the Secretary OK
state articles Of incorporation. The company
has an authorized capital of s25,0Qo'o~. It's
EXPRESSED objects are to manufacture. produce.
purchase. own. use and sell 10 public and pri-
vate users coal. coke, gas. oil electricity nght
heat steam and compressed-air power, wafer
etc and to own. acquire. construct ana lease
and operate plants in connection there"Ith'
The corporators are James K. Hayes. OF cam
den. Finer smalling and Arthur Phillips OF
Philadelphia
The company. II Is und erstood, is organized
for the purpose Of acquiring and operating the
electric-light plants in different cities. 1t Is
said to he backed by the widener-Elkins syn
dictate. which has formed a similar company. sc-
auiring aud operating gas plants.
I, could not be learned here yesterday who
were the interests behind this new company
but opinion generally inclined TO the view ths'
they would be found 70 be the same men VINO
control the Nev-York Gas and Electric blsh''
Heat and Power Company the incorporation OF
which carly In October was attended WIN fnucn
ejaculation as - the identity ~ ts promoters.
Those men were few weeks later found ="
he the so.called Whitney syndicafe-Wihiam
e. whitney Thomas r RYAN. p. A y Widerer
William T. Flkins Thomas Dolsn and Anthony
\ Brady.
The successive moves Of the syndicate through
IFS New.York Gas and Electric Light Heat and
Power Companv-closely related 70 the Metro
nolitan street Railway Company. which ia also
controlled by tin the direction Of consoh-
dating all the electric light companies of this
borough have been chronicled 50 frequently ana
fully a. 10 be familiar 10 all the Electro
COMPANY OF America has a capitalization OF
800 900 600 which IS Just that Of the New-fork
Gas and Electric Light Heat and Power Conn
pany The Union Traction Company of Phila-
dephia controls all the street railway lines OF
that CITY. twenty-one IN number. The total net
Capitalization Of the system Is in excess OF eIoo'
600 900 and p A Il Widener William i. FL
kins snd Thomas Dolan are on It's Board OF pi-
rectors and are generally credited with holdlns'
with their friends a controlling interest IN the
Union Traction system These men as nave
been noted already are also prominent mem
hers OF the syndicate controlling the Me'ropoli-
tan traction system In this city. They are. too
as members II the same whitney sShulCale;
largely interested IN the, New-fork Gas ana
Electric Light, Heat and rover COMPANY: ana
Il is believed that the incorporation OF the
Electric COMPANY of America represents the
launching OF an enterprise which II Is INTENDED
shall accomplish In ana near fhilaueiphlh
consolidation Of electro nsht'nf -ahu pooSiuE
also gas interests--which consolidation shall be
similar In scope and completeness TO that which
the New-York Gas and Electric Light Heat
and Power Company Is now IN process or et'