The Savannah morning news., 1903-06-21
GOT ATLANTA GAS
ELECTRIC COMPANY ABSORBED AN
OTHER CORPORATION.
IN A SPIRIT OF ECONOMY
ARkWRIGHT SAYS THE ACQUIsIT-
ION WAS MADE.

Georgia Railway and Electric Com
pony Now Controls the Entire
Lighting situation In Atlanta.
This Will Not MEM an Increase In
Cost of Lights-President Ark
wright Gives His Account of the
Stock Transfers Atlanta News
Notes.
Atlanta, June 20 .-The interests back
of the Georgia Railway and Electric
Company, which now controls the en-
tire street car system of Atlanta, the
electric lighting of the city and a big
steam heating plant, to-day announced
its requirement of the Atlanta Gas
Light Company. another of the city's
public utility corporations 1t is said
the plans looking to this end had been
in consideration for some time.
The Atlanta Gas Light Company has
heretofore been controlled by the Ell
kins- Widener- Margand syndicate, the
headquarters of which are in Philadel-
phia, but the main financial Offices will
now be moved to atlanta. President
Preston S. Arkwright of the Georgia
Railway and Electric Company. saws
the deal does not mean that there Will
be any increase in the price of lights,
and that they will probably become
cheaper. The company now controls
the entire lighting situation of the city.
The following statement given out by
President Arkwright. tells the story of
the deal
Inc parties interested In the Georgia
Railway and Electric Company and
the Atlanta Gas Light Company have
arranged for an exchange of the stock
of the company. By the terms of the
exchange the present stockholders of
the Atlanta Gas Light Company will
become largely interested in the Geor-
gn Railway and Electric Company.
They hold at present 5000, 900 par value
preferred stock. and $1,O14625 par value
common stock of the Atlanta Gas Light
Company They receive in exchange
for this a like amount par value Of
the common and preferred stock of the
Georgia Railway and Electric Com
pany.
There will be no consolidation of
the two companies. but they will con-
tinue to be operated as separate and
independent organizations. BY the ex-
change, however. the ownership of the
two companies is common, and they
will be brought in closer touch with
each other. and will be enabled to
purchase their supplies jointly, and by
these means. it is believed that econ
omies in the operation of each IAN be
effected and higher efficiency and bet
ter service accomplished in all depart
ments of both companies.
THE management of each company
will remain the same as 1t is now, and
no changes in the management of
either will be made"
Methodfsts VIII Celebrate.
The Methodlsts of Atlanta will join
together tomorrow at the Grand
Opera House in a great celebration of
the 200th anniversary of the birth OF
John Wesley, founder of Methodism.
Mayor Howell will preside and Bishop
Warren A. Gambler will deliver the
principal address. Rev. Theron H.
Rice of the Central Presbyterian church
and Rev. w. w. Landrum of the First
Baptist will assist in the exercises.
Regulars for the Camps.
Gov. Terrell to-day received a
telegram from Adjt. Gen. Cor
bin, stating that Gen. Chaffee,
commander of the Department of the
East, has been requested to detail
company of regulars to the encamp-
ments of Georgia troops, to be held at
Griffin and Augusta.
Gov. Terrell wrote the War Depart
ment some time ago, asking that reg
ular troops be sent to the Georgia en-
campments, for the purpose of instruc-
ton of the state troops. Adjt. Cen
Corbin has acceded to this request, in
sofar as 1t applies to the encampments
at Griffin and Augusta. He has mott
fed the Governor, however, that owing
to the distance of Chickamauga from
Savannah, IL will be impracticable to
send a troop of cavalry to the cavalry
encampment which will be held in the
Forest City.
The two companies of infantry will be
detailed from Fort Mcpherson.
In addition to these regulars, Col.
Stephen c. Mills. assistant adjutant
general, and several other United States
Army officers, will attend all the en-
campments for the purpose of inspect
ing and instructing the troops Col.
Mills and the officers accompanying
him are expected to arrive I'm Atlanta
tomorrow.
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