Show Edison Frozen One NEW YORK Feb 19It is rumored in Wall street that Thomas A Edison is dissatisfied dis-satisfied with the projected consolidation of the Edison General Electric company and the ThompsonHouston company and that he will retire if indeed he has not been practically frozen out It is said he owns only a tenth of the stock of the Edison company which controls all his patents and with a small portion of the whole stock he is practically powerless The fact that ho has only a comparatively small amount of stock is interesting of itself as showing that Edison Is sharing the fate of inventors generally The other men have a majority of the stock and are drawing dividends It is believed that through Ignorance of the ways of Wall street he was outwitted and some one else obtained control of his stock No one has been able to find out definitely what Edison thinks of the consolidation scheme as he refuses to discuss the mat tar By the terms of the consolidation the total capital stock of the Edison company will bo exchanged for a hundred million stock in the new company and theThomp sonHouston company guts 18400000 stock in the new company |