The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1908-07-14
ELECTRIC
COMPANIES
Come to an Agreement, Ending
the Bickering and Inuring
to Mutual Benefit.
DETAILS OF THE MERGING PLAN

the Qeg0GldUlOlS IOf ULle m0TSGI VI Oii0
electric lighting interests have been
settled and there only remains the
formal ratification of the stockholders
of the United Electric Company and
the Public Service Corporation before
the formal turning over of the Public
Service plant and lines in and about
Morristown to the Morris g Somerset
Electric Company, when the lighting
of the town will again be under the
management of local men. Under the
charter the two companies are obliged
to hold stockholders meetings, giving
ten DAYS notice of such meeting, so it
is figured that actual possession will
be given on the twenty or twen-
ty-third OF this month. The Public
service is, however, nominally under
the supervision of the M. g. S. Compa-
nv. at least so far as contracts, ETC., are
concerned.
The Morris & Somerset Company
held its annual meeting last Monday,
when the following officers and direct
ors were elected President, 5. s.
Childs; vice-president, Frank Landon
Humphreys; treasurer, S. B. Carson !;
secretary and general manager, Peter
". Stryker. Directors, S. ii. Gillespie,
John M. Forbes, E. S. Burke, D. p.
Mcclellan and Clifford S. Rutan.
The company is planning to build at
once an addition thirty feet1wide to
the power..station, providing room for
the duplication of the units now in
stalled in the plant. The new ma
chinery will include two or more Bah
cock & Wilcox water-tube boilers and
a new compound direct connected gen.
orator. The present plant is adequate
to carry the whole load, but does not
provide for any factor in case Of
trouble, consequently the old station
on Coal avenue will be run until the
new machinery is ready, which will be
in about six months.
The work OF cutting over the light
itg will be started as soon as formal
possession is given, the township street
lights first receiving attention and
then house lights, up to the duplicate
capacity of the new plant. There will
be no more tearing up of streets for
conduits as the M. g. S. will use the
conduits laid but not used by the old
company, notably on Morris street and
avenue, South street, Speedwell ave-
nue., Washington street, Market street,
etc., and where the old company has
lines already in conduits these will be
connected with the new cables, short
runs being made trombone manhole to
another where necessary.
1t is figured that about one-half the
poles now standing in town will come
down, the best lines being used where
there are two aerial systems on a
street.
The lease TO the Morris & Somerset
is in perpetuity, rental being paid
annually, while the Public Service
agrees to keep out of Morristown and
Morris township, Bernards township,
Hanover, Chatham and Mendham
townships for thirty years. The Morris
s. Somerset Company has the use of
the old power station for as long as
necessary, but can at any time leave
it, the Public Service disposing Of land
and machinery left TO the best advan-
tage. Any machinery which can be OF
use can be moved to the new plant,
but must eventually be returned to
the Public Service Corporation for it
to dispose of.
The South street Office will be re-
tained for the merged interests, the old
Office on Washington street being aban-
doned by tAae end Of the present.month
according to the present plan.
With the news OF the merger there
was rush to buy M, & S.stock which
the directors say will soon sell at 125.
The plan Of selling only a limited
amount of stock to any one Individual
In order to diffuse the ownership OF
the company will be continued, and no
bonds will be issued, the stock repre-
senting the cash paid in value of the
plant and good will.
Newark Posroffice Depository.
r1o-% ..ooe+or uauac 0f Noxuarlr hoe