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Encyclopedia Dubuque

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UNION ELECTRIC COMPANY

From Encyclopedia Dubuque
Revision as of 20:51, 17 August 2008 by Randylyon (talk | contribs)
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UNION ELECTRIC COMPANY. Incorporated on August 13, 1900, to provide ELECTRIC POWER to Dubuque. The company, successor to the HOME ELECTRIC COMPANY, listed as its officers Frank D. STOUT, president; W. S. Molo, vice-president; E. A. Engler, secretary; George W. Kiesel, treasurer; and W. J. Brown, manager. Capitalized at one million dollars, the company was unique in its lack of need for money from outside investors. No bonds were issued as the incorporators treated the stock as a personal investment and paid for improvements themselves.

Stockholders included all the officers with John Peter ELLWANGER, B. E. Linehan, Peter KIENE, Charles H. EIGHMEY, and Benjamin William LACY. In 1916 Dubuque Electric Company took over the operation of Union Electric. See: UNION PARK.