New-York tribune., 1905-08-11
NIAGARA POWER CO. SOLD.
BOUGHT By SYNDICATE
Westinghouse and Albright at Head
Claim Necessary Lascs

The control of the Niagara, Lockport and On
tario Power Company and of the Iroouois f-or-
struction Company, it was announced yastar
day, which has hitherto been vested IN Josenh
9. Robin and his associates, together with the
westinghouse Company has passed by sale or
the individual interests TO new svndico 70
headed by Mr.. Westinghouse and John ] Al
bright OF bnualo The purchasing syndicate
Is understood TO represent combination of the
Westinghouse Albright. New-York Central and
vanderbilt interests and those OF Horace f.
Andrews OF Cleveland, and others. The hnanc-
ing Of the companies which has hitherto been
carried on by Mr.. Robin, viii now If is under
stood. be continued by interests connected with
the Marine National Bank of Buffalo Mr.
Rooin' VINO was the organizer of the enterprise
ana VINO mas hitherto financed il, is said to have
received from the sale of the properties a profit
Of about S5o0,oO0. and Cassius NJ Wicker who
has been Mr.. Robins close associate in the on
terprise. about S250O00 Mr.. Robin is president
OF lhe Bank of Discount and the Washington
Savings Bank OF this city
II. h Westinghouse has been elected a di-
rector OF the Niagara, Lockport and Ontario
POWER Company, succeeding Mr. Wicker Cen
eral Francis V. Greene succeeds TO the presi-
oency Of the Iroquois Construction Companv
which has been the holding company for the en-
terprlse ). NJ Clement, president of the Marine
NauohaI Bank OF Buffalo. succeeds Mr.. Robin
on the Board of Syndicate Managers for the
underwriting OF the company's securities.
Nj Robin acquired the charter of the Niagara
Lockport and Ontario Power Company in 1905
when L was about TO expire for non-use At
that time, il was said yesterday by one of his
associates the Morgan interests as represented
BY the Niagara Falls Power Company. were so
Vel intTenched on the Niagara frontier that
no groap OF capitalists could be induced to go
near the scene Of operations. Mr.. Robin under
took the task OF developing the company and
securing aC0Itlonal rights for it from the State
legislature. The campaign that ensued is stiu
well remembered. The enterprise was popularl,,
known as me niagara grab, and according to
NJ. Robins irleno, every influence that could
he mustered by the opposition was brought to
bear io snlfI II out" AT that time. only two
years aec, Inc twenfy-ocd mile electrical trans
mission l:ne from Niagara Falls 10 Buffalo was
looked upon as q notable achievement Mr.
Robin conceived the IDEA of sending the cur
rent iSo hundred miles east, to Syracuse and
he5oc1, dropping off nower at Lockport Roch-
es;eT 2E.d osaer towns on the way He made a
contract with the Ontario Power Company of
Canaca, which was just completing its work
the Canadian side OF the Niagara River for
the use Of !ts eiHctcical current pending the
construction OF his company's own plant, and
second campaign was entered into TO secure to
the latter corporation greater transmission
rights in all parts of this State II was de-
clarec yesterday by a representative of Mr.
Robin that All the vital legislation wanted by
the Lockport company was actually secured nv
t." although the fact was little understood at
the time" Just what this legislation was has
rot been explained. The so-called Niagara
crab bills" although passed by the legislature.
were all vetoed by the Executive.
The transmission line projected has already
been built from the Niagara River three-quar-
fers OF the way TO Lockport, and is being rapidly
pushed toward Rochester. A long term agree
lnent has been made by the Niagara, Lockport
and Ontario Power Company to supply cleo
trical power TO the New-York Central Railroad
Company and contracts have been made 10 sup
ply power to local railroads and to private
sCners at almost every town from Niagara
Falls 10 Syracuse, including the latter city. BY
the middle Of next spring il is expected the most
% the electric railroads of Syracuse viii be run
by Niagara power transmitted by this company