Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-10-07


na. Of Th1rsay. answers ose of our Inquiries,
but declines 10 answer The other he SAYS.
The present value oil the property Of this Com
panY en- a fair vslu tioa. is rising $500 OU0, and
on the pay mett Of sdebt of se@e S35. O,O. Will
approximate $3.50 Too "
That i al right. NJ Beatty. Those figures
are now on record from "lhe chiel executive
officer" ofrhe conpspJ T bet y Jsnf = .imais
Of 'ths present value - tLe ptopeity. NE vii
nsz AK sou. Yr Bsaty, whesb.r tbe entire inte-
rest Of he Company Can be bongit fof 500 9oOl
\ on dob'f own toe CoDPtns. end Of curse can
aot spesk for ali ih- ~ockhoteIs, sui a 5ou
represent the Coafpany p t3esI fnosis- Siecs.
! chat scu s4y muss Se tsken as thtir vieSs.
Please aDs~sr ,his question NJ BeAis
Again, Mr. Bes,y We ft5fe Dat t3e. e-pl j
= 0ck Of your gas eonpany, no he amoon, q
ssek taken ia Is5l. when tue romps.y vs.
aormed. rss s5e000; tl,st he eouip4r- w
Ha,lesi 90 th.tlesDt 4. aba tast 40 add tis,l n
e.s,S,sl ha- pver bseh rsif in bs the stocxlol-
l-r< II &c krtYfvng 10 this. Nj. Be.t5, sis.se
onset ~, vlth i1e tee ana hsHTes. We also
atste that three dividends have been PAID 20 the
stock Correct as II ~saf ~roaS, Mr.
Be. You indOrse Nessfs YAliansiBg ham AMI
ADeessss, both Ia the employ Of tbs company
a. "aceountans OF The highest qualifications I"
Now will you SIX them or sny cther competent
accountant. 20 work ovt the SUN before yos7
Nv atathttllth i-Sl ptop-
esty IA now worth las ron assert
$685. nckirg the earnings Of the COM
pany. 10 fourteea years 1918 200. and three div
rceDas. paid in addition. WHAT per cent 10 thtt.
Jr,sBeaty or > the rs,atsi actually iovef-d, !"
putting il AZ compound Interest," Pleiss answer
this plain question Mr. Besty, and then tell Va
xhst1ss your statement. that yone stock ouls
paid four per cent ia 1854 can be eorfect You
~ 70 create the IMPRESSION thal, yori s;ock IL
only four per cent STOCK Ia your hsst sftisie-
did won not a. "a tionaly try to deceive aud mis-
lead &c public, hr Bsatyr Don't yon know
Mat tpl bupdGsd per eeat la, been re ,s-ed~ lor
our t~ck, after g bad been watersdy sDd you
ever bear OF two hundred per cent beng reused
for foar per cent. stock "Fatsus en- ano, fsiSus
ia Omabus t
Mr. Beatty declines 20 answer or second oaes-
ton, placing himself IN the ground that the
items you'd be nsde 10 correspond with the
amount given, and therefore statement Of this
kind is no more worthy of credit than the broad
state nent given. You have publish Cd this state
ment 70 assure the public that your company il
not nskipg sfair profit on their capital, at the
time that you are applying 70 the people for AZ
extension ofyour privileges II you wanted TO DO
right. yeu would have presented these fsct-, Is
full presen,sGon of them, Il hey are n hit would
have gonefar to allay the very deep rejudiee now
existing against our co mpaDyby the cousu ners of
your gas Butyo don give them, f,r the reason,
as We be, ere, that hey .woule show more than
yol wsn;them to show. We don't believe, Mr.
be.ty thst"ths coal anu expenses Of insnufsc-
turing gas in 1864 cost yonr company $77 :
$40 SO That the company expended that
amount 40 do no. question, bet net all for
Goa and expenses OF manufacturing II We
are rght, Dir Beatty, yuu have attempted to de
ceve The PUBLIC; it ne are not right, correct Us
with the figures. II Is welt known that your
company - we'll msnAged, by men Who take i'd
vantage OF supply aud demand ~ the pnrt.hsse
of materials. You tell US ihat foughiogeBy
coal IA the kind you use ia making gss
We know where that coal comes fr,u.
and We know THAI IL IL always desrer in winter
.tnsn 10 summer. When u Is possible you have
laid m your coal In TIE sunius f 70 last through.
the wear and you seldom buy in Writer or spring
Now you give the amount OF coal on hand two
winters, and with the knowledge we have Of
YOUR business character We take IL the largest
sum you give is-at least six mouths supply
but suppose II IL only 4 four months supply, and
il is only $40 900 for the yeirs' coal five are
wrong, correct This very large allowance
for coal leaves about S35 900 Tor hands aud in
cidsntsls x Do the twenty hands you employ,
and the other smaller erpenses cot YOU this
much, Mr.. Beatty! lou know. aud YOU have
volunteered statement OF yoar Affairs to the
public II i but right that YDu should give
full statemeg.l, AMI nottbtos ovrssH back on
the standing OF your okkeeperssl -,osss ~
This ia not politics, Mr Beat,, it - business
dollars aud ceuts-in which every tax-p4yer and
private consumer OF your gss lsirteFes,ed ana il
you think yon deceive tais m nity about
the value of youF STOCK ). anil the xpenses OF
making gas, when thew have seen your Com
psny grow and ex; cni in the short space OF four
teen years to whaf it uow H. from the very snail
beginning, ana know th-t tser monthly pay
ments have gone 10 build up this wealthy Com
PaPy, You are very much mistaken Ifyouwant
Justice from this community YOU sLould AT least
make your settlement tuil ana explicit enough 10
inspire confidence
here Is a number OF other points in Mr.
Beatty maunies tioss that viii be attended TO
At the propet time. and We hope. Mr. Beatty, you
all no psss our questions by sith silent coz
tempt, bur " "a answer them before the public
aud we Sd bsre state that IL shnll cost you moth.
ing To puUfislr a detailed annual statement Of
your Tece pes siid expenses in our columns