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Home > Art, Film & Photography > Electrical World Volume 32; A Review of Current Progress in Electricity and Its Practical Applications
Electrical World Volume 32; A Review of Current Progress in Electricity and Its Practical Applications

Electrical World Volume 32; A Review of Current Progress in Electricity and Its Practical Applications


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 Excerpt: ... announcement in behalf of his company relative to the absorption ol the Walker Company by the Westinghouse Company: "The election this day of Roswell P. Flower and Anthony N. Brady as members of the Board of Directors of the Westinghouse Electric & Manufacturing Company to represent the interests of the former stockholders of the Walker Company completes the union of the interests of the Walker Company, of Cleveland, with those of the Westinghouse Electric & Manufacturing Company. The purchase by the Westinghouse Company includes substantially all of the outstanding stock and an but $850,000 of the $2,500,000 of the twenty-year bonds of the Walker Company, the $850,000 remaining a first lien upon the property. The recent sale of the Westinghouse Company of $3,000,000 of debenture certificates has erroneously been connected with this transaction. The entire proceeds of the sale of these debenture certificates were used in retiring the floating and other debt of the company, as previously announced. The increase in the total yearly fixed charges of the Westinghouse Company, due to the purchase of the Walker Company, will be but a little more than the sum that the Walker Company has been expending annually in defending patent litigation instituted by the General Electric and the Westinghouse companies. The acquisition of the Walker Company will, by reason of the agreement of March 31, 1896, between the General Electric and Westinghouse companies, put an end to this patent litigation and very large annual expenditure on both sides. The business of the Walker Company as a controlled company of the Westinghouse Company will be entitled to the protection of the patents of the Westinghouse and General Electric companies, and will, in all respects, be ...


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Product Details
  • ISBN-13: 9781235999116
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 988
  • Spine Width: 49 mm
  • Width: 189 mm
  • ISBN-10: 1235999114
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1724 gr


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Electrical World Volume 32; A Review of Current Progress in Electricity and Its Practical Applications
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