Adam Gowans Whyte and Samuel Baker Williams, 1922 Encyclopædia Britannica (1922)
“ No review of the decade's progress of electricity supply would be complete without reference to the great expansion of syndicate operation and management. Through the control by one company, usually known as a holding company, of numerous properties, a great saving was made. Central organizations have applied to small properties better engineering and management than they otherwise could have had. This also resulted in the discontinuance of small uneconomical plants and the substitution of large unified systems supplying many communities. ”
