Deseret Evening News | 1902-01-01 | Page 1 | Morgan Makes a New Combine

MORGAN MAKES 1 A m NEW COMBINE New Nc York Jan l 1 J Pierpont Mor Morgan gall gan has hn Under tinder way ay a u deal of oC vast ast Im urn n 1101 tance to the electrical world involving involving ing a 1 combined capital of 00 says tile Iho Herald Herld Tho anti and Manufacturing company ot and the thId tl General Electric company In which Mr Morgan Is la the tho controlling cort factor arc to bo be brought to father und lul operated under tho the com coin community of Interest lan dun an Tho The news of ot the merger reports o which have havo been current for somo some days da In well Informed circles In Wall Wail Wal street have hae been officially confirmed No o statement will wl be b made until the tite merger ll llor er or has been accomplished This hl merger will wi bring together not flat lt only two companies with wih a 1 capitalization tion lon t nearly nearl OOOO but bUl ho ha two larg largest est cAt manufacturers of ot electrical us lit II it tl U t o e United States will wi pass paRS the bunds ot of a n syndicate of ot which Mr Morgan will wi be tho the central figure The Tho companies have branches n il France and Ind Germany whIten lilon will wi puns Into hue the hands and of ut ona ens ne central jr r rn Ca Additional color colo Im has been en lent tu lu the report tha tho n a community of lt Interest t scheme Is lein eln evolved Le twerp n the two two companies by b Ihie tact that bitt George Georgo We thin the dent of the tIle company which belll bears his hla name hIlts has h been ben here In ill I New York re vu recently centy and has haR conferred frequently with Mr Morgan