Purchase by the Carolina Light and Power Company and associates of the Sandhills Power Company, known as the McQueen interests, was announced Saturday morning from the offices of Paul A. Tillery, general manager of the company.
Although the deal is understood to have involved quite a nice figure, Mr. Tillery would not discuss at this time the price his company and its associates paid for the McQueen properties. The consummation of the trade follows negotiations which were instituted several months ago.
Included in the transfer of the physical property are five small hydro-electric plants, one located on Deep River at Carbonton and four located on Little River, together with one steam plant at Cumnock. The territory served includes that in which the Carolina and Cumnock coal mines are situated, and the towns of Southern Pines, Pinehurst, Aberdeen, Raeford, Carthage, Siler City, Vass, Cameron, Goldston, Bonlee, Staley, Liberty, Pine Bluff, Eureka, Gulf, Lakeview and Mount Vernon Springs.
It is the plan of the Carolina companies, Mr. Tillery said, to interconnect the Sandhills transmission system with the transmission system of the Carolina Power and Light company as soon as the physical connections can be made. It will possibly require 12 months to do this, as the change calls for the building of a number of sub-stations and inter-connecting lines.
The purchase of the McQueen holdings, as the Sandhills know the power properties there, is a part of the general broad development scheme of the Carolina Power and Light Company, the lines of which now reach from Blewett’s Falls toward the western part of the state, as far east as Clinton in Sampson County.
Large numbers of cotton mills from Henderson to Rockingham are users of power generated by the Carolina Power and Light Company, either at its own hydro-electric plants or that brought into the state from hydro-electric plants as far south as Alabama.
From the front page of the Durham Morning Herald, Sunday, July 13, 1924
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