The Electrician Volume 23

The Electrician Volume 23

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1889 edition. Excerpt: ...and carrying out the provisions thcrrof, either with or u-itlurut modtl/ication." Mr. F. ISAAC seconded the motion. The SECRETARY, in reply to a Shareholder, said that the dcfcrrcd shares were not entitled to anything under the original contract of amalgamation with the Edison Company until the other shares had reached par. The CHAIRMAN, replying to Mr. Brown, said: --Thc Anglo-American Brush Company are going to reconstitute their Company and to take power to use electricity for the purposes of traction on tramways, &c., and that is why they had entered into an arrangement for the purchase of the Falcon Works, where, among other things, they are going to manufacture machinery to that end. I may say also that we are to hand over, if this arrangement is carried out, everything that we possess, not only the power patents, but all the patents that we have acquired. There are companies in England who are now making experiments with the view of using electricity for motive power on tramways. I myself, as chairman of a tramway company with a capital of 500, CCO, inspeclcd a system at Canning Town, and, so far as I was able to judgo it wzu; a perfect success, and I believe it is looked forward to with the greatest anxiety by shareholders of tramway companies. It is confidently anticipated that the shares will be at a premium. The fully-paid Anglo-American Company's 5 share is quoted at 4; to 4Q. Our shares if we carry out this arrangement will rank equally with theirs. Mr. BROWN: What is the value of your shares at the present time l The CHAIRMAN: The best test is what you can sell them for. Probably you will get 50s. for them if this arrangement is carried out. The Brush people talk of largo dividends. They are looking...
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Product details

  • Paperback | 828 pages
  • 189 x 246 x 42mm | 1,451g
  • United States
  • English
  • black & white illustrations
  • 1236876288
  • 9781236876287