Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-08-11

Continued From Page one)
Company, Clinton. constitute the incor-
pOrators Of the new company.
Arran gements are understood to have
been completed by which the securities
Of the new company viii be underwrit-
ten by Halsey. stuart & CO.. a bond
house with offices in New York. Chicago.
Philadelphia. Detroit, st. Louis. Denver
and San Francisco.
PLANS TWO LARGE
DISTRIBUTING POINTS
The petition filed with the public
service commission asking authority to
consolidate the seven companies shows
that when the new corporation is es-
tablished it will have two large dis
tribution points, Indianapolis and ko-
komo. one Of which is now served by
the Merchants company and the other
/ by the kokomO company, which also
supplies current for the interurban sery-
/ Ice between Kokomo and Marion. Other
Indiana points that win be served by the
consolation are:
Broad Ripple. Danville. Greentown.
Alto. West Middletown, Russiaville. New
London, Sims. Swayzee, Herbst, Point
Isabelle, Converse, Amboy, Galveston,
Forest. Michigantown. Kirklir, Hills
burg. Scirclevllle. Mddleford. Kempton
Burlington. Rossviile, Sedalia. Cutler
Elkhart. Valparaiso, Clinton, BlanfOrd.
St. Bernlce Lyford. Rosedale. Green
castle Sullivan, Shelburn. Farmersburg
Hymera. Jasouville, Coalmont. Clay City
| Cayuga. Newport, Dana and Montezuma
LONG BEEN DREAM OF
! ELECTRICAL ENGINEERS.
The project of establishing one. large
power plant in the coal fields Of Indiana
AT a point where an ample supply Of
water is available for condensing pur-
noses long has been the dream of cleo
| trical engineers When freight rates In
Indiana were low it was determined by
one syndicate after an exhaustive in7es-
| tigation that the interest charges on
| transmission lines would be equal to the
| savings that could be obtained from the
elimination Of coal shipments and a
/ tentative plan to build such a power
plant was dropped.
Since that time transportation charges
/ on coal have more than doubled and
| power plants located in the various
cities have experienced a great deal Of
trouble in obtaining coal shipments,
frequently being compelled to seek the
| open market and pay high prices for
coal In order to keep in operation.
The steady increase in these handicaps
| has directed attention to transmission Of
electrical energy again and the develop
ment of demand for electricity in the
rural districts has made 1t apparent that
! the agricultural field viii help support
transmission lines throughout the state.
The interests with which Mr.. Brewer
is connected have been steadily extend
ing their lines, always in the direction
of their other holdings with a view to
connecting all their properties eventually.
BELIEVE TIME FOR
CONSOLIDATION HERE.
That the time has come for the consol-
idation and connection of these properties
is the judgment Of the electrical engi-
neers and the movement today, which
has been known to be contemplated for
years. marks the beginning Of II project
which should eventually give Indiana an
electrical system equal to that enjoyed ly
States where water power makes the
generation Of electricity at one point and
its transmission many miles an economi-
cal possibility.
The financing of such a project is a
| big problem for which the incorporators
of the new company have been preparing
for years
The consolidation Of the utilities now
operating in Indiana is a matter for de-
cision by the Public Service Commission
and the financial plans will be subject
TO investigation by the commission. Just
when it win take up the project Is aot
known, but 1t is understood the Indiana
Electrical Corporation will ask for i'm
mediate decision in order that It may
commence work soon on a power plant
TO be located In the vicinity of Clinton.
where current sufficient to supply large
part Of Indiana can be generated-