Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1899-06-01
PASSED INTO NEW HANDS
CITY Electric Co. Controlled by United
Power and Transportation Co. 4
rive NEW DIRECTORS ELECTED
New Owners Possess Nearly
All of the Stock.
4 CITY RAILWAY CHANGE ANNOUNCED

The Wilmington City Electric Co.
has passed into the hands of the
United Power and Transportation Co..
gbich owns the Wilmington City Rail
vay, Wilmington q Chester Traction
Inc Chester Traction system, and
other railways in this section of the
country. At special meeting of the
directors of the electric company,
which was held on Tuesday last, the FOL
living now directors were elected:
John 4. Rigg of Reading, Pa, Henry
c. Moore Of Trenton, N. j., and L. j.
Moore, Clarence M. Clark and John
". Carson Of Philadelphia. Mr.. Rigg
vas elected president, vice Samuel N.
Trump, resigned H. G. Moore, Vice.
PRESIDENT, vice Thomas II. Savery,
resigned, and X. A. }Fichthorn OF
Reading, secretary and treasurer, vice
+. l. Gilpin, resigned. st
Mr. Rigg is president and e. u
Moore secretary and treasurer Of tho
United Power and Transportation CO..
and it is understood all Of the new
directors are interested in that com
pany, while Mr.. Fichthorn. tho new
secretary aud treasurer of the electric
company. holds tho same position with
tho lighting company of Reading, Pa,
The new directors In the Wilmington
City Electric Co. succeed the follow
Ing local directors: Thomas II. Slavery,
George Mccullough, 10. p. Winchester,
]. H. Hoffecker and J. Augustus Nc
Caulley, The local directors remain
ing in the board are as follows: John
H, Dandy. Samuel N. Trump, F. L.
Gilpin, Willard Salisbury. Edward
Andrews and James W. Ponder. Mr..
Andrews, it is understood, intended to
resign, but was prevailed upon to re-
rhe capital stock of the Wilmington
City Electric Co. is s255, coo, and Il is
understood that the men in the United
Power and. Transportation Co. have
secured nearly all Of it giving them
almost the complete ownership of the
plant, and IL is likely that it will be
operated on tho same plan as other
concerns which it'controls. No change
has been made in the management Of
the plant, the working force remaining
The same as heretofore, with G.
Reginald Van Trump as general
manager. Nothing was done at the
special meeting, with the exception Of
the election of the new directors and
nothing has been made public relative
TO the policy of the new owners. The
annual meeting will be held next
October.
Much Of the stock changed hands
about six months ago, being sold at
80, $50 and s65 per share, but it was
not known then that 1t was to become
the Droparty Of the reraona who NOM
hold it. In fact, some financial men
who were seen today are Of the opinion.
that it has changed hands since being
Sold
In view of the fact that the electric
plant is the property OF the owners of
the railway plant, II was rumored Fri
day that eventually the two would
he combined on a large scale, but as
none of the new officers could be seen
nothing could be learned on this point.
So far as could be learned, there is no
indication Of an immediate change in
the rates for commercial or city light
ing, and. so far as the public is CON
cerned, the change Of ownership will
have no effect.
RAILWAY CHANCE.
1t was announced Friday that
John A. Rigg of Reading, Pa. the
president of the Wilmington City
Electric Co., and also of the United
Power and Transportation Co., had
been elected president of the Whining.
ton City Railway Co., succeeding
Clarence M. Clark of Philadelphia,
and also that Mr.. Clark had been
elected vice-president.