The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-09-18
NEW INTERESTS
NOW IN CONTROL
New York Syndicate Buys Ma
jority Holdings in Appalachian
Power Company.
tspecial,to The Times Dispatch. ]

n.
Pulaski. Va, September ia change
In tho controlling interests OF the APP
palachian Power Company. which took
place recently, By the terms of which
Viele. Black we'll a Buck, of New York
replace the III. NJ. Byllesby Company.
OF Chicago, was made known here yes
tcrday evening through the initial in
spection trip made of tho developments
along New River by the newly elected
officials. Through the change which
has been brought about. tho interests
OF this company shift from Chicago to
New York and Boston. where the nnan-
ciers and officers arc located. Through
the change an entirely new directo-
ratio board has been elected. which has
chosen Its official staff and it was these
new officials who visited the develop
ments along New River yesterday. The
party included President Moss and
Vice President Walcott. of Boston; NJ
~ Viele. active vice president: a. p.
Taliaferro. secretary and treasurer. OF
New York: Herbert Marble, of Blue
field, w. Va. general manager for the
operations; II. T. Shedd. of Blueheld,
w. Va. superintendent of power de-
rartment; II. L. Scott, OF Richmond
attorney; o. L. Stearnes. of Salem. and
X. T.. Wysor. OF Dublin. connected with
the engineering department.
Nicle. Blackwell 6; Buck. OF New
York several years ago took UP the
matter of developing the water power
alonS New River in Pulaski Grayson
and Carroll Counties for the purpose
OF hydro electric power. and interested
the II. NJ Byllesby Co, OF Chicago, In
h1
&c be known officially with local ope-
rations AZ the Appalachian Power Com
pany. Five prominent sites were Sc
lccted for the erection of large and
modern dams, two OF which have been
completed In connection with the power
developing machinery at each dam. th e
firm Of Viele. Blackwell & Buck. Of
New York. getting the construction
contract. Current has been developed
at these two dams uttle more than a
year the high tension wires carrying
II 10 many points OF Importance
into the coal fields OF West Virginia.
Roanoke and Lynchburg. furnishing an
auxiliary supply at these, the most
eastern points 10 which the lines have
been extended. In connection with
these. numerous substations were
erected ut intervals 10 control the cur
rent for local uses. With the con-
struction of the two large dams. which
generated sufficient supply Of electric
current the Byllesby people shifted
their constructive operations TO other
POINTS, with a possibility OF returning
&c this section later TO develop other
dam sites. However, at what date was
!ndeterterminate
The new officials OF the company
passed through Pulaski Tuesday af-
teTnoon, going out on the North Caro-
lima branch, a distance OF about thirty
miles. 10 view the holds and develop
ments which are already IN operation.
/ They merely stopped in Pulaski. long
enough to change cars, hence the pur-
poses OF the officials and to any fu-
ture development of the sites, which
have been surveyed. were not ascertain
able However. 1t Is generally believed
by those who are familiar with the
purposes OF the company that the
change Will be material beneht to
this section OF Virginia. 1t is known
that under the Byllesby management
this was Just one of many similar
developments, while with the new pro-
! motors II Is practically the only one,
hence they Will seek TO develop more
rapidly the hydro electric power as
laid out By the first company.
The party from here went directly
20 Bluefcld. where the principal office
OF the general manager is located, to
look over the neld. and Will doubtless
go through the coal fields of West Viz
Sinia and Virginia to make a thorough
investigation Of conditions. The
change does not affect the local man
agement SO far as II was possible 10
ascertain.