Annual report of the Board of Directors to the stockholders at their annual meeting ...

([New York] :  The Edision Electric Illuminating Co. of New York  )

Tools


 

Jump to page:

Table of Contents

  1895: Page 31  



lowered operating expenses, the result of efficient station man¬
agement, than because of actual increase of gross returns.
During the spring, the purchase of the securities of the Madi¬
son Square Light Company, a corporation which was the
result of a re-organization by the Receiver of the local
Thomson-Houston Electric Light Co.—originally known as the
East River Electric Light Co.—brought the administration of
that Company's operations also under the supervision of this
Company. The General Manager of the Manhattan
and Harlem Companies, Mr. E. A. Leslie, also took
charge of the station and system of the Madison Square
Company and made at once a number of changes in the
direction of increased safety, better service and more economi¬
cal operation. The results have been fairly satisfactory, and
this Company has now under Its control an extended high-tension
service supplementing its low-tension system in a portion of its
territory and extending its operations in the extreme east and
north of the city which its low-tension service does not reach.
During the coming year it is expected to make such reorganiza¬
tion of the systems of these three Companies as will give the
practical benefits of a consolidated service with advantage both
to the consumers of high-tension current and to the interests of
this Company.

Conclusion.

In the latter part of the year, a vacancy occurring in the office
of Auditor, Mr. H. M. Edwards, hitherto Secretary and Auditor
of the Manhattan Company, was appointed to that position, in
which he has already given valuable service. Under his super¬
vision the Company has made considerable improvement in its
collection system, obtaining increased promptness of payment
with decreased cost of collection, and I take this opportunity to
express the great satisfaction which there is reason to feel in his
work. The other Staff Officers, corporate and technical, have
been making the same good record as heretofore during the
year, so that it is unnecessary to single out any one for praise.

An interesting statement from the engineering point of view
of the Company's plant and operations is given with many il¬
lustrations in the "Electrical Engineer" for January Sth, 1896,
and a reprint of that article will be mailed to each stockholder
  1895: Page 31