Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1861-07-19

/ many Bt4ttQuN ul uhoAuluoaot az lnHt WHICH
; with prayer and earnest effort Mary Lyon
established upon the bank Of fhe Connecti-
cut. And upon that is your Institution
modelled. The very system employed in
these schools guarantees that the graduates
Will be those who are ready and able 70 GIL
such sta lions. fI tt ~
Those young ladies who prefer white hands
aud delicate constitutions to an education
received st the expense Of daily labor, and
that health which domestie cares ensure,
do not come 70 your doors.
The speaker closed With few words Of
ozhOrtation to the graduating class.
Rev. Mr.. Bailey, Of Painesville, addressed
few remarks to the graduating class. BE
spokeof their separation from the scenes Ol
their studies, and the duties which the world
would expect Of them.
The Secretary of the Seminary, Judge
Aaron Wilcox, then presented to the gradu-
ates their Diplomas.
Mr.. Bailey then desired them to remember
that although they had thus severed their
intimate connection with this Seminary,
their relation hereafter to this institution
would be as sisters and children Of this, their
Alma Mater. He urged them to ever reflect
honor upon her by holy, honorable and
useful lives. They graduated from this
theoretical course Of study to higher prac-
tical course, with which they would be en-
trusted by Providence.
After benediction by Rev. Mr.. Hawks, the
audience were dismissed and dispersed. A
large number of guests took dinner at the
Seminary, upon invitation of the teachers.
The whole Commencement exercises pass
ed off very pleasantly and successfully, and
the officers and teachers have cause 70 be
gratifed.
OFFICERS OF TIE INSTITUTION.
Hon. R. Hitchcock, President
Hon. a. Wilcox, Secretary and Treasurer.
TEACHERS.
Miss Lydia Sessions, Principal; Misses
Lucinda T, Prescott, A. Amelia smead, Sara
E. Dorr, Jeanette Fisher, Ellen NJ. Wright
Harriet B. Smith, Julia Esly.
To Gas Qonsumers--.The Proposition TO
4a Erect New Gas Works.
MEssRs. EOIToRs :--It is well known to
many Of our citizens that Mr.. S. Stein has
for some time been engaged in the formation
of new Gas Company in this city, the
charter for which was procured last year by
Messrs. Jas. F. Clark, Chas. WasOn, Chas.
Bratenahl, Geo. F. Marshall, Harvey Rice,
S. Stein, VIM. s. C. Otis and James Farmer.
The City Council, likewise, have granted
permission to lay the pipes, and all that is
now necessary is the required subscrir tiOn
for stock, a large amount Of which has al
ready been pledged.
Mr.. Stein has Just issued circular setting
forth the actual cost of the work, together
with the expenses and receipts for the man
uiacture and sale of 1OO, 900 feet per day
He foots up the total expenses per annum
for the manufacture of this quantity at
S27,27l; and the receipts from gas lat $3.50
per 1900 Feet,) and Of surplus coke Cat six
cents per bushel,) at s9a, ,OOs, leaving net
surplus per ennum of receipts over expen-
ditures Of $66,7Ss! At 50 per thousand feet,
for which price the new company propose 10
sell their gas, the company would still have
balance on the right side Of $44,s79I
Having myself considerable experience
in the manufacturing business, have care
fully examined Mr.. STEMS figures, and ar
rive at the conclusion that the expenses are
estimated much higher than necessary, and
the receipts must be materially increased,
as all amounts of gas over the given quanti-
ty can be manufactured at comparatively
less cost
a good feature in the Pl opposed plan is the
Limitation of the amount of stock. Thecom-
pany is to have capital stock Of $l5O,OOO,
to be divided into shares OF $40, and no one
is allowed to take over ffty shares, The idea
is to make each gas consumer a stOckhOlder;
and there are few who burn less than S20
worth year, so that while paying for his
own gas, he would be merely changing his
! money from one pocket to the other. 1t is
estimated that $50, 900 cash paid in viii fur
nish the necessary buildings, and lay down
twenty miles of pipe, the remainder TO be
paid BY the current earnings Of the compa-
ny.
Notwithstanding the dullness Of the etmes'
I am confident our citizens would be glad 10
push this matter, il, upon investigation,
they find the above figures to be correct, !
hope sll interested will examine Mr.. STEMS
circular, and judge for themselves.
| TAxEs.