General Electric

Definition and stakes

New York Central Railroad Company,  The Greatest Highway in the World

“ Fort Wayne, Ind.; Toledo and Cleveland, Ohio. At Schenectady one may see the latest development in practically every variety of electrical apparatus. There are in the General Electric plant individual factories devoted to generators, motors, turbines, transformers, switchboards, rheostats, wire and cable, and searchlights, as well as pattern shops, machine shops, brass and iron foundries, and testing, shipping and power stations. The company pays considerable attention to welfare work among its employees and free instruction in electrical engineering is given on a large scale. ”
Source: Gutenberg

Proceedings of the second National Conservation Congress at Saint Paul…

“ Electric equipment is usually supplied by one of a few great equipment concerns and frequently paid for, at least in part, in the securities of the proposed project. Thus the equipment company acquires interests in widely separated power and light concerns.
Take a single example, the General Electric Company, the most powerful electric equipment concern in the world. Men who are officers or directors of the General Electric Company, or of its three wholly controlled subsidiary companies, are also officers or directors in many other corporations.
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Source: Gutenberg

Portrait of Louis Dembitz Brandeis Louis Dembitz Brandeis,  Other People's Money, and How the Bankers Use It

“ The greatest amount of power controlled by the companies in the General Electric group in any State is found in Washington. This is followed by New York, Pennsylvania, California, Montana, Iowa, Oregon, and Colorado. In five of157 the States shown in the table the water-power companies included in the General Electric group control more than 50 per cent. of the commercial power, developed and under construction. The percentage of power in the States included in the General Electric group ranges from a little less than 2 per cent. in Michigan to nearly 80 per cent. in Pennsylvania. ”
Source: Gutenberg

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