New-York tribune., 1902-06-10
WHITNEY ELECTRICDE
CTTON MEN TO MAKE 0 WIN
SUPPLIES.
CONTROL OF THE STANLEY COMPANY
SECURED BY THE BIG STREET
RAILWAY SYNDICATE.

The requirement of a large interest in the
Stanley Electric Manufacturing Company by
men who control the traction companies OF
New-York and Philadelphia and the building
UP of enormous electrical business in COM
petition with that Of the General Electric Com
pany and the Westinghouse Electric and Manu-
featuring Company will attract the attention
Of the financial world 1t was ascertained by
The Tribune yesterday that the control of the
Stanley company had been taken by Will
lam c. Whitney. Thomas F. Ryan. Thomas
Dolan, William L. Elkins and P. A. B. Widener,
and that the company's plant at Pittsfeld,
Mass, was to be increased to about six times
its present size within a few months.
From modest beginning the plant at Pitts
field has already become important. 1t was
started by the Stanley Electric Company for
the manufacture of instruments for measuring
the volume and intensity of electrical currents,
and for time the main business at the
plant the making of delicate instruments.
In January, 1900 the Stanley Electric Manu-
featuring Company incorporated under the
laws of New-Jersey, to take over the business
of the Stanley Electric Company and extend it.
The new company had capital of S2,oOOOoo,
and majority of the stock was held by mem
bers of the John A. Roebling's Sons Company.
DR.. F. A c. Perrne Mr.. Roeblngs son-in-law,
became president of the electric company. I'm
der his management the company soon became
a bidder for large electric contracts, and its
plant extended until it was manufacturing
every known electrical device, from the most
delicate instrument attached to telescope for
measuring the heat of solar ray to dynamo
capable of generating $4,000 horsepower Re
Gently the company's capital stock was in
creased to So, ,0OoOOU
In the construction of the enlarged plant at
Pittsfield provision was made for future exten-
sions. There is a central building with extern
sions so constructed that they be increased
to cover a site Of thirty al comparatively
all 1aa tod Tttb rljl
tracks Two railways entering Pittsfield have
switches connecting with the plant.
Mr.. Whitney and the capitalists associated
with him were led to acquire an interest in the
company because of the difficulty in obtaining
prompt delivery of electrical supplies for their
traction companies. They control the Metro
po'itan Street Railway Company. the united
trolley lines in Philadelphia most of the troll
lev lines in Northern New-Jersey and about a
score OF such lines in Connecticut. They con-
troll large number of gas and electric light
ing companies through the United Gas Improve
ment Company. of which Mr.. Doan is the presi
dent. They represent hundreds of millions of
capital, and their companies have been paying
trical supplies. Most of these contracts have
been made with the General Electric and West
inghouse companies. The two companies have
working agreement, that the only bidding
competition of late by the Stanley company.
Mr. Whitney and Mr.. Ryan went to Pittsfield
on May l and inspected the plant there, to see
if it could be extended sufficiently to manu-
facture all the electrical supplies needed by the
companies which they and their associates in
Philadelphia control. They were accompanied
on the tour Of inspection by Harry Payne Whit
new and by H. H. Vreeland and NJ. G Starrett.
president and chief engineer, respectively, of the
METROPOLITAN Street Railway Company. They
were received by DR.. Perrine and conducted
through the plant, and they looked over the site
for the proposed extension Of the plant.
ARRANGEMENTS for the requirement of an in
tarest in the Stanley company. for extension
OF the Pittsfield plant and for the manufacture
of the electrical supplies needed by the
NAMES controlled by Mr.. Whitney and his
ciates were made quietly since the inspection of
the plant Work ON new buildings for the plant
is already in progress. It is expected that be-
fore the end of the summer the capacity of the
nIan. will be increased skiold. DR.. Perrine is
10 he retained the president OF the company.
and the Roeblings still keep interest.