Douglas daily dispatch., 1928-01-19

Grated under the corporate name of
the Arizona Edison company will be
handled through a central office To-
Gated at Phoenix with a general man
ager in charge of the state and with
each of the companies in the state in
i charge of a local manager. The policy
of the holding company, the Peoples
Light and Power corporation, will be
to localize the management both as
to the individual units and for the
state as a whole, for it is the aim of
the holding company that it shall con-
tinue as an Arizona entity For such
enlargementS of effort and plant ex-
pansion as may be deemed necessary,
it will be the business of the bankers
who have become interested in the
! holding company to see that there are
needed funds available.
The foregoing statements Substan-
tiallv set forth the thought expressed
by E. G. Deal, president of the Peoples
Light and Power corporation, the
holding company of the Arizona Edi-
son, who arrived yesterday in Douglas
! to confer with j. P. Sexton, manager
of the local Arizona Edison, E. j.
Driscoll, engineer for the Peoples
corporation, and Col H. w. Hamblin,
special representative of the Peoples
corporation in Arizona, on problems of
! the local plant. President Deal came
directly from his New York headquar-
ters and is on a tour of the plants
held by his corporation in the state.
/ He will be in Douglas today and will
leave late this afternoon for Bisbee
and from there will go to other places
where the merged holdings are oper-
ated.
Utilities in Strong Position
"Just at present public utilities en-
ioy strong position in our coun-
trv." said Mr.. Deal "They have been
moving along with steady stride, no
boom and no serious deprcSsions, and
through development of the years they
have come to place where they are
operating under a system of carefully
thought out laws that make the share
issues sound investments and thereby
bringing to them favorable attention
among investors Yet with all that
true, if you will note the levles Tor
service you will observe that the unit
prices stand about even with or lower
than the pre-war levels. That, to
me. is most favorable commentary Tor
the utilities.
eve speak with pride about the
wonderful prosperity of the nation
and it is well we do, for it is mat
ter for pride But had you stopped
to consider that electric development
NAV well be considered the outstand-
ing cause of that prosperity? Take
the wage worker. He drives down
the avenue in an automobile, wearing
GOOD clothing, his wife and children
are with him, all well dressed ana
the Girls wearing silk hosiery. Com
mare him to the workman of 80 years
ago. A most favorable comparison.
Whv? Because through the develop
noent of electric power uses IN ma
chinerv that does the work faster and
| better than the old way, WorKmen
are getting better wages, they are puy-
ino more and better goods, and eV-
ervbody is enjoying a fuller snare ol
nrosneritv. There are. 10 to II times
as much electric service as there was
saw 90 years ago and it is just coming
into it's own" a.
Bankers Like Arizona
Discussing his visit to Arizona MI.
Deal said that the merger just now
brought about came as result OF MS
visit here some three years ago WHICH
caused him to become personally m
terested in Arizona as potenClal
field for electric development. He
returned to the east and invited some
of his banker friends to look the fleld
over and they came with him IN 1870
and made an automobile tour OF some
25OO miles here in the state. They
went, to their homes in the same
mood as he had gone before ana
thew agreed to invest here. They nave
1 done so and while, Mr.. Deal would
not commit himself on whether there
might be further mergers, ne Salo
that they all had a large talCh IN
Arizona's future.
"It is true that we have studied out
in a general way, certain matters but
thev all presuppose engineering ap-
nroval after survey of conditions
TO ascertain whether they are econo-
mically feasible" said he. For ex-
ample there are certain hydro-electrlc
propositions, one at Stafford and an
other in the Globe area, that mlghU
eventually be developed. Douglas
would be within the area to be serV-
ed by the former, if it works out:
Then there are some other phases OF
possible development that we are
studying and for which Mr.. Driscoll
is now making study.
Where Mergers Are Helpful
"In general terms, it is true that
the problem of long distance trans
mission is one that requires large IN
yestment and it is under such condl-
tions that the local companies find it
advantageous to have the aid of the
banking interests Arizona has that
sort of problem and as its develop
ment goes forward, it will continue tc
have it. Because of that fact joint
efforts, such as our merger repre-
sents, will no doubt be of value tc
1.-THE forward movement of the state.
@It might be of interest to youl
readers to know that taking all the
operating companies, it requires thai
more money be put into the company
each year in development, expansion
and such matters than is taken out II