Author Description

Excerpt from Electric Railway, Electric Lighting, Gas, and Water Power Properties, 1919 E give in the following pages the information most commonly desired regarding the companies under the management of our organization. These companies are distinct and independent corporations, each standing on its own merits, with its own officers and board of directors and its own bank accounts used only for its own purposes. This complete independence is a necessity, because the. Holders of the securities are not common to the different companies. We have added to the benefits of this independence the indisputable advantage of a large organization. With a single organization managing these properties, it has been possible to build up gradually in the last twenty-nine years a system of management that assures proper and uniform ao counting, good engineering, economical financing, the benefit of purchasing in large quantities, proper and systematic records of the acts of the corporations, the gathering and dis semination of information, the compilation and study of statis tics of Operation, the availability of trained men for the study and handling of special problems, and the broad view and consistent management impossible to isolated properties and indispensable to the most successful Operation. It has been our policy to give out information regarding the earnings and the condition of these companies, and we shall be glad to have securities holders communicate with us if they wish additional information concerning the companies or the securities issued by them. As a part of the organization, a library and information bureau is maintained, in which there has been gathered a large amount of data regarding electric railway, electric lighting, gas and water power properties throughout the country. Such of this information as is not confidential we shall always be glad to place at the disposal of securities holders. About the Publisher Forgotten Books publishes