The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1912-03-15

s1ofsRp QWeF M or q. s
The General Eiectric Interests the
report declares. control Or infusnee.
sss. 600 horsepower Of developed water
power in eighteen Inherent states and
go. 900 horsepower Of pndeyelUped re-1
sources, grand total Of over mid.
lion and half horsepower. Next
are the stone and webster interests \
the report continues, (which either
own Or strongly influence 27S,0ao
horsepower chiefly in connection
with public service concerns. Fhsl
exercise control, largely Through
management, rather than ownership,
over ffty-Aye or sixty companies.
Eight have waterpower, the; largest
being on ne Mississippi river and n.
the Puget Sound region.
"The other groups are the Hy-
dfaulic Power Company, of Niagara
Falls, $4,000 horsepower. the Pa.
c;fc Gas and Electric Company, with
over $4,000 horsepower developed.
and the dominating factor In a large
portion Of California the group known
as the olar.Foote ETodenply4 walbridge.
interests, 100000 horsepower, largely.
dominating the water power situation
in Michigan and also active in Maine
and Oregon; the Southern Power
Company, 10000 horsepower which
owns the great bulk of the CONNER
clally developed power iniSouth Car
DINA; the S. Morgan Smith interests
Georgia. 10000 horsepower; The
Brady interests (Tennessee) 10000
The United Missouri
River Power Company, $4,000 horse
power, which with the Bottle Electric
Power Company General Electric
Group practically dominates the
power situation in Montana; and the
Tulleride Power Company Colorado,
Idaho, and Utah) $4,000 horsepower:
The last named nine interests also I'M
clude under their inAuence $4,000
horsepower undeveioped.
Carrying the community of inter
EST. to wider range the report con-
tinues, these great groups show moreII
or less relationship with each other.
THE two greatest have directors IN |
a number of the same corporations, |
it Is added, /" and the s. Morgan Smith,
Westinghouse and Brady interests arc
connected
Discussing IAN Increasing aflllation
of water power concerns and public
service companies" the commissioned
says:
1.-THE companies in the General
group control street railways
in sixteen towns electric lighting
plants in seventy-eight, and gas
plants in'nineteen. AltogetherS water
power or allied companies own or
control and operate street railways
in Ill towns; electric lighting plants
in 500 towns and gas plants in 11S
towns.
"The reasons for this are obvious.
Control Of the chief consumers OF L
power both insures a market for
power and excludes others. This con-
nection between great groups and the
agencies that directly serve the pub
lie is of serious public significance
Regarding interlocking director
ates, Mr.. Smith says:
%A more general relationship, OF
a sort not peculiar to water power,
but nevertheless of broad public
significance, is best illustrated in the
Electric Company. Men who
are officers or directors in that com
pany, or of Its three wholly con-
trolled subsidiaries, are also officers
and directors in many other cor
These other companies,
with their subsidiaries and with the
General Electric and its, subsidiaries,
make far-reaching group thus in
tereonnected by active personal and
financial relationship.
/. This one group of interrelatlon-
ship controls or influences twenty
four corporations that operate hy-
droelectric, plants ;s,over fifty public
service corporations, not counting
as many minor subsidiaries; more
than dozen railroads; numerous
industrial corporations; and, finally,
over fifty banks and financial houses,
many of them, in the first rank OF
ABOUT twenty "gen-
eral electric" men in all constitute
most of the chain Of connection,
three of those being members of the
firm of ]. P. Morgan and Company,
which is generally regarded as the
dominant interest in the Feneral
Electric Company. These Connections
in no sense always mean control by
the General Electric Company, or