Jasper County Democrat, Volume 13, Number 30, Rensselaer, Jasper County, 23 July 1910 — LARGE LIGHT MERGER [ARTICLE]

LARGE LIGHT MERGER

Capital Stock of New Company Stated as $30,000,000. Announcement is made that the Laport, Ind., Gas Light company was included in a merger with the Cedar Rapids, la.. Gas Light company. Ft. Dodge. la., Light company, Muscatine, la., Light and Traction company, Cadillac, Mich., Gas Light company, Mattoon, 111., Gas Light company and Chattanooga, Tenn., Gas company under the name of the United Light and Railways company, with a capital stock of $30,000,000. The merger company will act as a holding company for the (’hilds-Hule-wit syndicate of Grand Rapids, Mich., which owns a controlling interest in the public service corporations included In thelmerger. Other properties will be acquired from time to time. The earnings of the eight properties ia $861,600 a year.