The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1913-03-08
Deal Involves the Wheeling and
Other West Virginia Interests
of Company.
ONE OF THE LARGEST
DEALS IN MANY YEARS
General Electric Company Con-
trols Plants Throughout the
United States.

Special Dispatch to the Intelligence.
MORGANTOWN. w. Va, March z.
Through a reliable source Il was
learned to- might that the Kuhn in
terests have taken over the City g.
Elm Grove lines at Wheeling and the
holdings of the Utilities company of
this section. The lines will be sup
Piled with power from the Cheat river
has been harnessed.
Rumors have been in circulation
for the past several days regarding
the sale OF the city e. Elm Grove
Railway company. which was pur-
chased by William Morris Imbrie "a
co. represented by Harry r. warheld.
Of this city. At tho same time this
purchase was made or the traction
company managed by him at Morgan-
town. and the whole merged into tha
West Virginia Traction and Electric
company. Later the property OF ths
Virginia oil and Gas company was
purchased by these interests and
naGr subsidiary company under ths
, title of the suburban Gas company.
Ia relation to the above certain
people have been negotiating with =
view TO taking over the properties for
interests allied with the General Elec-
trio company. For several weeks past
these negotiations have been carried
on ~ William T. Bonbright e. Co. OF
No. 80 Wall street. and William Nor
ris 3mhric * Co. Of New York.
II. II. Warfield. Of this city. has
been in New York for several week.
and yesterday word was received
here by parties interested that tho
deal had been closed.
4
mately associated with the General
Electric Company. and the deal was
probably made in its interest. The
terms Of the deal were not made
public. and in all probability will not
be except insofar as it relates to tho
common stock. portion Of which il
held by some local people. These
gentlemen, in selling the old road 10
: Morris lmbrie & Co, received ths.
amount OF their investment in cash
and a sum representing their profits
IN common stock OF the new CON
ccru. This common stock is held bv
only a few people here including a
onc-'ighth interest in the City Rail-
WAY Company. owned by the Wheel
ing Traction COMPANY
Assuring Control.
For q number or years 10 has been
the policy OF the General Electric
company 10 acsuire control Of rail-
ways and electric light companies in
Tho west and middle west for the pur-
pcsr OF organizing a number OF sub
sidiary companies. and g. is under
stood the purchase Of the local prop
cr,ics is being made i'm tho interest
1f companies connected with or con
trolicd by the General Electric Com
rauy-known as the electric trust.
That the latter company owns or
controls several holding companies.
which own electric light and power
companies 600 hundreds Of cities ot
rho country. among which are thu
Electric Bond and Share Company. %
N'E York. which controls the Ameri-
can Gas and Electric Company. which
in turn controls tho Atlantic City Gas
and Electric Company. Canton Eiec-
tric Company. Marion Light and Heat
Company. Nuucie Electric Company,
Rockford Electric Company. Scranton
Electric Company and tho Wheeling
Electric Complnv n will be seen
from This that the Wheeling Electric
Company is also controlled by tho
so.cllled electric trust
Many Companies.
W ..f f''I.I I|fI'|I''. wv lIIH OF fNNNFNIN@
.1r numerous electric light and power
plants. gud which arc understood to
lc affiliated with the General Electric
Coupus are. Middle West Utilities
CoWi amy. Central Illinois Public Ser
NIDn Company. Central States Electric
Corporation which controls the Clevp--
land Electric Illuminating Company.
t.. tennessee Railway Lirht & Poser
COMPANY. tt" United Lirht & Rail
wat- Company Republic Railway
q I.-hf COMPANY which controls fha
si..'r. railways light md power bus.
.r, OFF fro Youngstown district. ant
fH' Federal Lt-ht a. Traction Compa-
rt. which controls numerous proper
tH. .r oklahoma. Colorado. Washing.
f1r .ud other Western states
THn General Electric Company,
fHr.grn Those and other subsidiarv
sOrn.l.,e. ha- for s0we time past
hr.. acquiring control of electric com.
i..... In .I part of tho country f1r
t rImu.r uI trlr-. and has grown ~
.'I.h .n .yf.uf 1. fo become genera .ly
Nf...H .. H|H T.n'"l fffI1|fr. Trraf