East Oregonian : E.O. (Pendleton, OR) 1888-current, 1910-03-19


Corporation New Holder Identi-
fled With Standard OIL
Before the option held by the II. NJ.
Byllesby company, of Chicago, H., on
! lighting and power plants owned by
the Northwestern corporation at Wal
Ia Walla. North Yakima, Lewiston,
Idaho. and Pendleton. expires Mon
| day, 1t will be transferred to the E,ec-
| trio Bond & Share company, which
owns the Portland Gas company. ac-
/ cording TO a story Of the oregon Jour
nal. The price will be in the neigh
borhood of 10000 O00 and the Bylles-
/ by company will realize a profit of
between s4O0,00O and 100000 on the
/ deal
From excellent authority II was
| learned today that the release of the
| option by the Byllesby company to
the Electric Bond & Share company
| came about through an agreement on
| territory. 1t marks the end OF a war
| for superiority which has been waged
between the Byllesby company and
Standard Oil company interests in the
northwest
Officers Reach Agreement.
The transfer came through an
agreement between officers of the
two companies Under this agree
ment the Byllesby company will
henceforth confine its operations to
Oregon and the Willamette valley
outside of Portland, allowing the
Electric Bond & Share company,
which is said to be connected with
the Standard Oil company interests,
full sweep Of other sections OF the
northwest.
/ Some time ago the H. NJ. Byllesby
comp any secured an option on the
Norta Yakima, Walla Walla, Pendle-
ton and Lewiston systems of the
Nor hwestern corporation. This OPP
ton was to have expired March Is.
but vas renewed until Monday next
to allow the Chicago company an
opportunity to complete the transfer
One story had it that when .he
Byllesby company found the Fendle-
ton and Lewiston plants -1ere not
making money its officers tried "a
have the terms of the option changed
so that only the North Yakima and
Walla Wa,la plants would be includ-
ed. But. SO runs the rumor, the
Northwestern corporation would not
allow this. and then the Bylesby
company set at work attempting tc
relieve itself of the burden.
Strahorn Interests Involved.
But this rumor is denied by Off.
GERS of the company who say that the
transfer was made TO the Electric
Bond & Share company because of 6
division of territory. The North Coas
Railway company, known as "Stra
horns mystery" does not enter il
the deal in any way. It is known
however, that the Northwest Light
Power company of North Yakima
and the Yakima Valley Power com
pany. both owned by Strahorn inter
ests. have been turned over to tn,
Electric Bond & Share company b,
the H. NJ. Byllesby company. whicl
held options on both properties. Jus
how much money was involved in tn
Strahorn deal is not known.
The Yakima plant of the North
/ western corporation is for the manu-
facture Of gas With the Northwes
1 Light & Power company. which con
4 trolls an electric system in the vale
city. the Electric Bond & Share com
2 pany will have a monopoly on ligh
in the valley. The Northwestern cor
poration's system at the Pendleto
and Walla Walla are both gas an
electric, while the Lewiston plant
for gas only.
O'Brien Completes Deal
The deal was carried through ia
the Byllesby interests by ]. ]. O'Briel
secretary and treasurer of the II. y
Byllesby Co, who is in Portland tc
4 day Negotiations were made an
contracts drawn up in New York cit.
from which place Mr.. O'Brien cam
recently. a WEIGH, general manc
ger of the Northwest corporation, lie
Portland today for New York, wher
he will attend to the final transf'
of the four properties to the H. y
Byllesby Co.
Officers of the Northwestern co
poration said today that Colonel F.
Parker, who was interviewed sever
days ago regarding the supposed sa
Of all the properties Of the corpor;
ton to II. NJ. Byllesby Co., knew notl
ing Of the pending deal He owns
shares of stock in the Northwestei
4 corporation.
II A suite Of offices in the Lewis bull
ing has been leased by the H.
Byllesby Co. and will be opened in
few days. c. E Broesbeck, vice pre-
ident Of the H. NJ. Byllesy compan
u will be in charge Portland will