The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1907-07-04

gen or Seattle M he secs the futillty
OF his united complaints against a.
and realizes how inadequate and
powcrleaa his present unrepre'
sentative and corrupt municipal
government In 10 effectively curb
and control u,
Tho Seattle Electric company II
merely one OF the giant tenaciee OF
ia great financial octopus. having
i,a body Ia Boston and extending
ita arms out across the unitct
States. tS its island possessions.
and even Go foreign countries 10
acquire and absorb electric street
and lntorurban railway lines, light
Ing plants and power systems. gas
plants, etc, carrying municipal
franchises.
The Men Behind.
Known locally as stone a Web.
ator. this concern consists In fact
of certain powerful banking Inter.
eata. chief among which are Lee.
iiiEgiuaon a Co. kidder. Peabody a
Co. and J NJ Foster a Co, all ~
Boston. with N w Harris q Co.
of Chicago. as q sort ~ financial
cousin aud the great Standard oil
company as foster parent
Being banking institutions u
would not be- considered good con.
sentative business FOR these con
Germs 20 dahbie In speculative
values. waterloggcd a. most Of
their public service possessions are.
with fictitious. capitalization There
fore for appearances merely. their
public service fiotation and manage
mont interests have been farmed
out to two civil engineers Of ma.
tional and international reputation,
Charles "a Stone and " a. Web.
star. who give their respective
names "a the combination known tn
Seattle a. stone & Webster
This concern dominates. controls
and manages Tor the great couBery.
ativc y banking intorcuta which
q represents. no less than 20 pas
lic service corporations Ia all
parts OF the United States. 10 por
10 Rico and Nova Scotia, wlth n
comhined capitalization of 500.
600 600 and already paying diyi.
denda on stock largely fictitious tn
the amount OF si,tss7o0 annually
vassness Of Cooperation.
An appreciation Of the vast az
tent of this financial Incubus a.
essential TO a proper appreciation
81 the task confronting Seattle la
~ efforts 20 subdue and regulate
the local sranch
Extending is operations 20 more
than Heurc 81 cities in half q
score OF states this vast institution
- In position 90 employ the most
Akillfnl la~ eyadlnK talent IN the
United States. % engage the arry.
irea on uessaHiuns Of the best 20
liflcal advisers. 10 send IL spies
and Inspectors from city 10 city In
case ~ threatened or existing Ia
h0r troubles. 20 Hunaidixe newapa.
pofH. maintain bureaus ~ publicity
collect aud distribufs miNlnforma
ton and commit any number Of
other oftenaea against public
usFaia
The companies .akins up thin
national aud International eonapir
ary tn lew tribute in exofbltant
rates and charges for the payment
" dividends ON fictitious capital.
sation. are a. follows The Blue
Hiu Street Railway company. Of
Canton Mass. capitalization $3.50.
600. the Brockfon q Plymouth
street Railway Co, Plymouth
Mass. 1855 900. the Cape Breton
Electric company. Sydney. Nova
Scotia. t3sao.O 900. the Columbus
Electric company. Columbus. Ca.
81 aSG 600. the Columbus Power
company Columbus Ca, t27s0
600. the Dallas Electric company.
Dallas. Texas 1881 900. the fsil
son Electric Illuminating company.
nrockton. Mass. ftz5 .o9o. the ~
paso Electric company vi pano.
Texas. t22fs 900. the Fall River
Gas Works. Fail River. Mass
$500 600. the HouEhton County
Electric Light company. HouEhton.
Mich. 1927 600. The Galveston
Electric company. Galveston. Tex
a.. $4,000 900. the Houghiou Coun.
ty Street Railway company. Han.
cock. Mich. ti700.Heo the Hous
Son Electric company. Houston.
Tcran. 100000. tho jacksonville
Electric company. Jacksonville.
Fla. t.s3f000. the Key West
Electric company. Key West. Fla.
.t1.1i5.000 the Lowell Electric
Lght company. Lowell Mass
81 .OG7 .0Oe the Minneapolis Gencr
al Electric company. Minneapolis.
Mlnn.. g. s75 600. the Northern
Texas Electric company. 5000.
600: tho paducah Traction and
LAsht company. paducah. Ky.
f2.2bT 900. the Pensacola Electric
company. Pensacola. Fia. 81 $50
600. the Ponce Electric. company.
Ponce. Porto Rico. $4,000. the
Puget Sound Electric company SO.
atile and Tacoma. wash. t7.7fs..
900. the Puget Sound Power com.
pany. Tacoma. Wash ft22e 600
the Savannah Electric company.
Savannah. Ca, ts.ti2.000. the Sc
attic Electric company. Seattle.
gis 900 600 the Tacoma Railway
= Power Co. Tacoma. Wash.
81 500. 900. tho Tampa Electric
company. Tampa Fla. 81 500 600,
the Terre liaute Traction a Light
Co. Terrc Haute. Ind. tf36e 900;
aud the Whatcom County Hallway
q LIGHT Co. Belllngham. Wash.
s2.370.000.
One Hundred Million.
The aggregate capitalization al.
ready issued by these ~ companies
now amounts 30 approximately
500 600 900 while the capitalize.
ZION authorized To be issued by
them would reach nearly $685. goo
600. The annual Fross.oarninRa OF
them amounted In Ig06 10 sl3
80 900.
AZ will be seon BY n perusal of
che list the Seattle Electric corn
pany ia the greatest OF them all
exceeding in capitalization the
Minneapolis General Electric com
pauy by nearly tl00000O0
How necessary II Is for the Seat
tie Electric company a. again water