Stone & Webster, famed New England engineering, construction and securities firm, announced last week amalgamation of Blodget & Co., Boston and New York investment house, with its securities department. The new company, to begin operations Jan. 1, 1927, with $10,000,000 capital, will be known as Stone & Webster & Blodget, Inc. Bayard F. Pope, now partner of Blodget and Co., will be President. This extension of investment-securities interests, said President-elect Pope, was necessary to care adequately for both the investor and Stone and Webster's rapidly increasing engineering-construction work.
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