Full text: Diversified products (Vol. 1, nr. 13)

manager of branches; H. M. Reed, vice president and general 
manager of factories; Willard C. Chamberlin, vice president 
and general sales manager; M. C. Wilde, assistant treasurer; 
Jas. DeHaven, assistant secretary; Theo. E. Mueller, 
assistant general manager of factories. 
STANDARD UNDERGROUND CABLE COMPANY 
Richard S. Waring (deceased) was the founder of the 
Standard Underground Cable Company, in 1882; he was 
a real pioneer,—a man of vision; and his venture In the new 
and untried field of underground cables was the first spe- 
aific project of the kind in the United States. 
Many discouragements and difficulties were encountered, 
including opposition, or at least no encouragement by public 
service companies, who naturally did not relish the thought 
that they might be required to spend large sums of money 
to remove their overhead wires from the streets and place 
them underground without long proof of permanence. 
But Mr. Waring was an outstanding example of the type 
of men who never acknowledge defeat, and whose extra- 
ordinary foresight and courage spur them on in spite of 
seemingly insuperable obstacles. Before many years public 
service companies realized the value of underground cables, 
and nowadays such cables have become an indispensable 
part of their equipment in the larger cities. 
There were associated with Mr. Waring in the later form- 
ative period of the Cable Company some of the promi- 
aent leaders in other Pittsburgh industries, such as B. F. 
Jones, Sr., John and Willis Dazell, John and Frank Moor- 
head, Mark W. Watson, George B. Hill, Jacob Painter, Jr., 
and James H. Willock, and finally (in 1886) George West- 
inghouse. 
The company was first organized as a New Jersey cor- 
poration, but in 1889 it became a Pennsylvania corporation, 
by receiving a charter signed by Governor James A. Beaver, 
on June 4 of that year. 
It was only a few years after 1886 that the company 
began its unbroken record of cash dividends, interspersed 
aow and then with stock dividends out of surplus earnings,
	        
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