The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-09-24
Gns Facilities.

Gas Facilities.
The new Gas Company bids fair to
achieve success, aud TO largely reduce
the price Of gas The gas il to be made
from naptha or crude ban2nc, II cheap
article, the product Of dlstiliHntion of
petroleum.; but rich in carbon. The
gas produced from this article posses.
SEES five times the Illuminating power
of coal gas; or, in other words, burner
consuming one cubic foot will give IA
light equal to coal gas burner con
Stunning five cubic feet.
The works are only TO cost $1,000,
including land, buildings, complete
apparatus, with gas holder Of ca
pacity, AS compared with coal gas, Of
forty-twO thousand feet, between two
and three miles Of iron pipe, one hum
dred metres, service pipes, etc, all
complete and in working order. The
company proposes to light the city
lamps at two hundred dollars per
month, aud TO furnish consumers with
the same IN compared with coal gas at
three dollars per Thousand cubic feet,
upon the following conditions and
terms to-wit:
We, whose names are hercunto sub.
scribed, do hereby covenant and agree
to purchase and take the following
number OF shares of one hundred dol
lars each of the capital stock Of The
Mutual Gas Light Company, set OPP
poste our respective names, in five
monthly installments, of twenty per
cent. each, as IL may be called for 10y
the board of directors during the pro
gress of the works.
fully paid shall entitle the holder
thereof to the following dividends on
their stock, to be deducted from. their
monthly gas bills, Each amount 90
deducted shall be endorsed on tac back
OF the stock, until the whole amount
be paid back.
The amount due on said stock shall
he entitled to and draw 10 per cent. iu-
terest, per annum. Said amounts to
be computed aud paid semi-annually,
rs aforesaid, until the same be paid in
full, to.wit.
a $500 subscription, based on coal
gas AT ~ 30 per cent. OIL ~ 50; 81 II,
"A $500 subscription-40 per cent. oil
81 80; 81 n.
A $500 subscription-3O per cent OIL
~ 10. 50 90.
A 500 snbscription-2O per cent of
50 40; 50 80.
Thus it will be seen that besides the
price being one-half what is now paid
for gas, they will get n dividend of 55,
45, 80 and % per cent. payable back to
them on each months gas bills, until
their money is all returned, and Il
semi-annua interest on the amount
due
Naptha gas is being rapidly intro
duced for Lighting cities. As IL few of
the places using the same, we mention
the following: Waco and Denison,
Texas; Mutual, of Detroit; Red Wing,
saltwater, Faribault, Minnesota :;
Peoples Gas company, of Chicago !;
Mutual, ofNew York Sunbury, Read
ing, Bloomburg, Mahoney City, Bloom,
field, Shamoking, Pennsylvania; Citi-
zens and Equitable of Brooklyn, New
York. 1t is conceded that
one barrel of naptha contains the
illuminating power of two tons of coal,
the works are Operated cheaply, and
with the small cost of the works there
can be no doubt but that it will pay
handsomely, besides saving our city
thousands of dollars annually in gas
bills.
The company only require one.half
of the stock to be taken by the con
sumers. The book for subscription will
be found at the Office of the president,
Major William Il. Obenchain, on elm
street. In the meantime, the consum-
ers of gas .ill.sbe called upon during
the week for their subscriptions. This
is to bel emphatically, the consumers
gas company.
The board of directors consist of the
following gentlemen; VIM. E. Oben.
chain, f. L. Guedry, II. G. Payton,
John Lockwood, w. +. Parker. VIM.
Il. Obenchain, president; w. Il. Park
err secretary; l.. II. Gruber, treasurer