Arizona republican., 1912-08-13
Transfer of Stock of Pacific Gas and Electric Go. to Group of Eastern Men Represented by F. $. Viele and R. $. Mason
ARIZONA INTERESTS
 ALREADY EXTENSIVE
No Change Will Be Made in the Operating Force; Statement of General l Plans of the New Man agement Issued

The transfer of the stock of the Pacific Gas and Electric company to F. Viele and R. s Mason represent ing a group of eastern gentlemen interested in light and power plants in different parts of the country was made public yesterday morning. The transfer was made at New York on August l and the management of the company was changed on August To-
 The negotiations had been in pro- press for some time but aside from the holdings of the Ballard estate amounting to about thirty-tWo per cent of the stock the rest of it was scattered in comparatively small lots Mir Viele who was in New York experimenting the transfer started west soon after but he was detained by washouts and other delays.
 The company represented by Messrs. Viele and Mason is the Elec- tric Operating and Construction com pany They have for sometime been managing the Prescott company and the Arizona Power company, better known as the Fossil Creek company which was constructed under the di- rection of MT. Mason
 Speaking of the plans of the com pany, they said that they were going to devote themselves to the business of supplying the citizens of Phoenix and the community with light and power; that is. they were going to b. merchants dealing in those com modities and nothing else and they
 
 tions to the public that a merchant does to his pleased patrons. They will initiate all needful matters with the Arizona corporation commission SD that the people they serve will not be put to that trouble
 MT. Mason made an inspection of the city yesterday and said last night that he found that the company had a great deal of work cut out for it. He found block after block of new buildings which will have to be sup piled so that there is a great deal of construction work ahead. Speaking of the name of the company under the new management MT. Mason said that he did not know whether the title would be changed. He would prefer the name The Phoenix Gas and Electric company for two req sons. one would be to distinguish it from the Pacific Gas and Electric company of the coast and the other would be to identify it with it's location
 Regarding the operation of the plant here MT. Viele said that there would be no change in the local force except to increase and in view of the broader operations contemplated that would be necessary.
 Both MT. Viele and MT. Mason are young men of pleasant address and of extensive experience. They will give much of their personal attention to their new acquisition. The following statement of the plans of the new management was issued yesterday: ITO the Citizens of Phoenix:
 The Pacific Gas and Electric com pany of Phoenix. has been purchased by a group of men, already largely interested in Arizona affairs, and who are constantly investing for a large and widely distributed circle of clients who are particularly inter ested in public utilities of the grow ing and prosperous west The new management, represented by F. S Viele. first vice president, assumed control August 10th.
 The new owners have been in- Vestigatng local conditions for sev- eral years, and have been influenced 1T, investing the funds of their clients, persons of moderate means, who in- vest their carefully saved earnings il securities of this class. by reason of their unbounding faith in the flu ture of the state of Arizona, and more particularly in the possibilities presented by Phoenix and the Salt River valley.
 The new management takes this opportunity to assure the public that the direction of the affairs of the company will be in the hands of men who have successfully operated pub lie utilities in various parts of this country, and who deeply feel their duty and responsibility to the entire community
 From past experience it is appre- Ciated that public utilities are suc- Cessful only when the people served are satisfied with all details of the service rendered Such a result car only be secured by cooperation be tween the public and the company and the management solicits assist ance from it's customers towards thi. end. Criticisms, no matter how tri- vial. tending to better the electric ol
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