. The Street railway journal . y. As a reason for the consolidation, it is given out tliat the GeneralElectric Company, large holders in the Edison company, grewtired of the work necessary to manage the Edison Electric Com-pany, and used this means of putting the corporation under themanagement of Isadore Newman, the controlling spirit of theCarrollton road and a large liolder of Edison company stock. Itis considered noteworthy that the General Electric Company inmaking the deal accepted Mr. Newmans statement of the streetrailways condition and value without sending an auditor to verify 68 STR
. The Street railway journal . y. As a reason for the consolidation, it is given out tliat the GeneralElectric Company, large holders in the Edison company, grewtired of the work necessary to manage the Edison Electric Com-pany, and used this means of putting the corporation under themanagement of Isadore Newman, the controlling spirit of theCarrollton road and a large liolder of Edison company stock. Itis considered noteworthy that the General Electric Company inmaking the deal accepted Mr. Newmans statement of the streetrailways condition and value without sending an auditor to verify 68 STREET RAILWAY JOURNAL. [Vol. XVIIL No 2. the balances. The transaction, it is declared, is the largest everconsummated on the simple say so of a financier. The Edisoncompany, now part of the new corporation, has from the begin-ning furnished the power for one of the other traction com-panies in New Orleans, and it is considered that the present con-solidation paves the way for a general street railway cotnbinationin New A, L, Death of A. L, Johnson Albert L. Johnson, who has occupied a prominent position inelectric railway construction, died at his home in Brooklyn, July2, from heart disease. Mr. Johnson had been ill at home onlythree weeks. Previous to this time he was under the care of aphysician for heart trouble, but the symptoms were not alarming,and did not cause his family any worry. Mrs. Albert L. Johnson,her four children, and Mayor Tom L. Johnson were present. The death of Mr. Johnson will come as a surprise to his friends,as he was a man of powerful physique, who always led an outdoor life in his railway work, andhad never had any severe ill-ness. The first experience of Al-bert L. Johnson in street rail-way operation was in Cleve-land, when, with his brother,he purchased in that city ashort mule line, with whatwere considered to be value-less old franchises. TomJohnson led in the develop-ment of the street railwayventures and Albert Johnsonwas acti
Size: 1411px × 1770px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookdecade1880, bookidstreetrailwa, bookyear1884
