The Union and eastern journal. [volume] (Biddeford [Me.]) 1854-1858, 1856-11-28
The saco and BiddsfOrd Gas Light Co.

Ii affords US satisfaction in noticing the
various business enterprises Of our city, as
we have been doing from time to time, and
their connection with the convenience and
prosperity Of our citizens, to speak in term.
or commentator of the very satisfactory
manner in which the S,cO and BiddeiOrd Gas
Light Company have conducted their bust.
ness, and to refer to the very great cOnyen-
fence which the burning of gas has been zen.
orally to those who have been furnished with
Gas from the Company's works. The in.
PRODUCTION of Gas, coming as it did when the
price Of oil was advancing, was exceedingly
fortunate, and for the first eighteen months
more advantageous to the public than profit
able to the company, II isnow going on
three years since the commencement Of the
manufacture of Gas, and no complaint has
bcen made by the company's consumers with
the quality Of the Gas furnished, or
with the disposition Of the Company to
do all that could DO reasonably ex
pectcd Of them to satisfy their customers.-
Tho Gas has been excellent in quality, and
if we except several accidents occurring dur
ing the FIRST months Of manufacturing, no
interruption in the supply has taken place.
For the past eighteen months we do not rec
ollect single instance Of failure of the gus
This fact Is an attestatiOn bOth to the tho
roughress Of the works, and to the care and
skill of Mr.. Evans who has the care of the
making Of the Gas, and its distribution
For the most part, since the works were
completed. and the manufacture Of gus com.
menccd, the general management Of the
business Of the company has been entrusted
to Jarvis Williams, Isl., who lisa large stock
holder in the company, and by his prudence
and sasacity the operations Of the Company
have been placed upon such footing Us to
secure to the stockholders hereafter, hand.
some returns for the money invested in the
works. Owing to the accidents referred to,
IS having occurred in the first months of the
company's operations, and the heavy ex-
penses consequent thereon, no dividend was
made at the end Of the FIRST fiscal year, and
although the second year WAS more profita.
Die il was thought best to cancel all liabili.
ties and reserve the surplus; and therefore
no dividend was made that year. We are |
happy to learn, as We do from authentic
sources, that the Company's operations this !
year ars such As to max, i, perfectly certain
that the earnings will be sufficient not only
10 authorize dividend OF six per ccnt. but
will leave quite handsome surplus besides.
to add to the amount earned previous to
April. 1856. The capital stock of the com
Iany is 81 600, and the works are built for
loublc the business now required. and their
,,pacity f'r tho manufacture Of Gas can b.
Increased with the increasing wants Of the
,hee. No set Of works in our State have
zen more substantially bulls, or ein be
,ors economically managed. Skillfully and ,
rudently managed, the works cannot Esil OF
sing pro6tably operated. and 10 return
GREATER at all times 10 the stocsh lders, '
lir dividends on their investments. We :
ave no doubt bu, tho Information we hare
d, and it may be relied on, de- y
we'd as tits from reliable data, will be pleas "