Floriston Dispute 1906

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Floriston Dispute 1906 - Law! Snow of a perpetrator of Western Pacific...
Law! Snow of a perpetrator of Western Pacific Said to be Back of Effort to Control Reno Electrical Concern LOCAL STOCKHOLDERS ARE DISSATISFIED C. W. Welter, Manager of the Great Western Power Company Suggests Merger Plans There arc things stirring in the affairs affairs of the Reno Power. Light Water company and it is asserted by those in a position to know that there will be a "showdown" w i t h i n , , ,. , .. shore and an unnerstandmg between he owners of stock in the concern aiul management borne time ago Fleish- and C. W. of the com- i pany, had a falling out, it is .said. wreck Jhj matter of mang y . long j of California, one of the heavj management; Waller claiming that the Fleishhackers interfered interfered with his operation of the b inets in this section of tho country. They are said to have s-eparated in anger. Following this, Waller was announced announced to have commenced the organization organization of a rival concern. He had succeeded in interesting o t h e r of stockholders of the Reno Light, Power Water company in his project, it alleged, because thej were unsatislled with the scarcit" of d i v i d e n d s business thoy considered on a paying basis. Thus it looked as though an anamolous condition would arise in Reno \ \ h o r e b y the stockholders company would organise a new and "buck" themselves. The arrival in Reno yesterday of Herbert Fleishhacker, C. W. Waller, Lieutenant Governor Ald^n Anderson of California, one of the heavj stocK- holders in the Reno Power. Light I Water company, is said to b the j entrance of the principals in a last t of the tonight, He in or the week. not act w h i c h will either mean the ganization of a new company, and competition, or the reinstatement of Waller as manager, in fact as well as in name. It is also alleged that the Great Western Power company is interesting itself in the property of the Kyno concern. This Western company is man- jaged by C. W. Waller, and it is I that tiiere were some efforts made a short time ago to form a merger between the Truckee River General Electric company, the local company; conj d ·'_ l i hiU was with both of w h i c h ara. Fleishhackers. an* Power company. For some reason this deal never came through nmi the ) a controlled by the i the Great Western east' N 'to I .)OS- .sible succession of Waller as the manager manager of the local concern, being also the manager ot the Great Western, means a merger of the two companies, though riot, perhaps, a. material chanee in ownership. The possibility of the entrance i n Reno of the influence of the Great Western Power company Is most significant. significant. The Great Wt stern Power company is strictly u Western Pacific concern; it and the Western Pacific are identical, and thus, if the Greai Western Power company assumes an of the deal which e. of the Western Pacific is a considera- a tion greatly desired by Reno merchants merchants and the interests of the Fleisn- I hackers, it is believed, will be extended extended should th" proposed merger become become an accomplished fact and C. W. Waller named as general manager h a of the Reno Power, Light i company as well as of the Great West- I ern company. I

Clipped from
  1. Nevada State Journal,
  2. 28 Nov 1906, Wed,
  3. Page 1

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