The Washington herald., 1912-09-29
ELECTRIC MERGER
PLANS PROGRESS
Arlington Company Accepts Propo
sition Made by Maryland.
Virginia r. r. Co.
BRADD0CK CORPORATION ALSO
APPROVES PROPOSED ACTION
Believed that One Concern Will
Soon Control All Plants in
Alexandra County.

Facts were made public yesterday
which go to show that the Maryland
Virginia Railway Company is making
considerable progress toward the reaiiza.
ton of its merger plans. At a meeting
Of the Arlington Electrical Company
held at Clarendon. Va, the director.
| voted to accept the proposition made by
the Maryland-Virginia Company and tc
merge its properties with the larger con-
| cern. At a meeting OF the Braddoc
Electric Power Company yesterday sim
liar action was taken with reference tc
that corporation.
1t is understood that the Arlington
Electric Company was induced to take
Its action by the fact that the Maryland
Virginia Company Is about to absorb
the Alexandria County Lighting Com
pany, from which the Arlington COM
pauy buys its current for distribution in
the field which il covers. Upon the SUP
position that the Alexandria Company
will in the near future merge with the
larger company. the $1,000, 900 holding
company will have practically cleared
the field in Alexandria and Alexandria
County so far as electric light and por
er are concerned. With these prelim-
inaries out of the way there is nothing
In the nature OF things to prevent a mer-
ger of the Washington Railway and
Electric Company with the Virginia con-
Germ.
Conference In Philadelphia.
That some such action will be taken
was all but officially made public yes
terday. President King, of the local
company. has been for some days in
Philadelphia and Atlantic City. On Fri
day night F. II. Treat. president OF the
Washington-Virginia Railway Company.
departed for Philadelphia. and II was
stated yesterday that these officials. with
financiers of New York and Philadelphia,
are working upon the details Of the
merger. BY persons in a position to
know the facts. II was stated yesterday
that affairs were about ripe for the an
nouncement of the merger OF the Vir-
ginia and the Washington railway COM
panies.
II is now a known fact that the basis
OF a merger Of the two properties has
been gone over by special committees of
the boards OF directors OF the two COM
panies and that a fair basis OF consoli-
dation has been worked out. The re-
ports OF these committees, II is believed.
are ready to submit to the boards Of d.
rectors TO be acted upon. That the re-
ports will be adopted is believed to be
principally a matter OF form. At all
events, the details have been so carefully
worked out that the two boards of d.
rectors will have little to do IN the way
OF amendment to the reports. It is said.
Expect Early Action.
The calling together OF the stock
holders to ratify the merger would also
be largely q matter of form. 1t was
the belief yesterday that the date for
the directors meetings has not yet
been set, but that they would undoubt-
edly act within a few days or weeks at
the most. In the absence of the heads
of the two companies from the city 1t
is impossible to verify these statements
by official sanction.
The two electric companies which
have agreed to merge with the Mary
Company are new con-
Germs and have not been long in the
public service. The Arlington Company
is not yet two years old, and is simply
a distributing company in a part of
County. buying its current
from the older corporation. II has a
capital stock of 100000 of which
about $4,000 has been issued to pay
for equipment and make up the neces-
sary working capital
The Braddock Company is a compar-
atively small concern, which furnishes
power and light to the wireless station
at Fort Meyer. the brick yards and
places OF business and some houses
along its line routes. II is furnished
current by the Potomac Electric Power
Company of this city. 1t has a small
and limited equipment.