The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1876-10-19

10y the courtesy OF AT. dSnH i>eAff,
the Secretary OF the Seattle Gas-light
Company. ws are enabled to submit to
day some interesting statistics in regard
To the progress of the important work
of ILLUMINATING our city with home
made light,
The articles Of Incorporation were
Gled on the ejth day Of June, 1873.
Contract price 49, 3is. 700 90
Real estate -. 49,. go. $500 90
Total ............ .t2f 200 90
The work was done ia the Summer
aud Autumn Of 1873. under the super-
vision and contract Of chss. T. Bur
rows. Of Oregon.
The capital stock was fixed at $50, :
600 gold coin, divided into 1000 shares
ut $50 each
The first weekly receipts for gas were
Jan. 9TH. 1874. s3i 81; Jan. i2th, $50:
Jan. 18th. sI0i.20; Jan Goth, 1874.
so6
The company started with AZ meters:
I4sE ~ lou. htSp lily
lamps. and now have eighteen, burning
not less than ! 800 feet per month
each
Full amount Of stock issued is 400
shares. which has been fully paid. up
amounting 10 10000
The company concluded not To issue
any more stock. but apply the profits
Of tho business 10 the extcnsi OF of the
work
Receipts during the year
1874. ......... 81 .633 -
Receipts during the year
1879 ..... ..... -. 1.036 81
Receipt, during the year
1870. first nine months $500 90
Total, : "a years, sl1.s69 90
The stockholders are hotter oil by
about 1850 than ut commencement.
which allows them profit of about one
half per cent per month, or six per cent.
per annum CA their inv rstmeut. To have
realized | y per cent. per month would
have required n surplus If receipts over
expenditures Of - 900 including con-
stru.,tion
The officers of the company are
Henry l. Yesler. Presidential hn Leary.
Secretary and Treasurer John NJ
Blanchard Superintendent james NJ
Colnan. John Collins and Henry l..
Yesler. Trustees.
The principal stock holders are James
NJ Colmsn. McNaueht Il Lcary. John
Collins. Henry l. Yesler. Dexter Hor-
ton " Co. Terry Estate. and Schwaba-
cher Bros. Il Co. Not over twenty shares
ARE owned outside of ,hes> holders
The average consum c.ion from Janu-
airy LIST 10 October LIST, 1876, niue
months. was about 1t NJ feet each ~
hours When the average consumption
reaches $500 feet per day. or double
the present amount. the company an
nouueo that they will reduce tho price
20 e. per 900 feet
The quality of our gas is commended
by all travellers, aud IL IL noted "a cred
liable 10 Seattle enterprise that we
should have such al Improvement at 81
early = day in the history Of our town.
The proprietors have lshored under
serious disadvantages. not only in their
limited field for patronage. ba, also iu
the difference Of the cost of material
here as compared with eastern cities.
They pay $40 80 per ton for coal in
stead Of 81 10 81 80 "a in the East
sl60 each for retorts. which have 10 be
renewed yearly. instead Of SS5 as there.
aud so of lime. labor, etc. which fact
account for the higher price. The con
sumption III Portland and Victoria is
much greater than here, and the ratio
has been reduced from IS. the originsl
prise, 10 81 Per n The grading Of
From, street will expedite the speedy
extension Of the pipes through tile
northern portion of the city. which to-
gether with tAe Increased patronage Of
the ocal companies will hasten the
promised reduction.
4 great many are slow ~ Asail
themselves Of this superior liga, on the
ground tha, candles and coal oil cost
less money Nevertheless the economy
is rather apparent than real. for 10 any
one doing business 90 owning real es-
tate in this city portion Of his outlay
returns Ia himself in general when cx.
pended upon local manufactures The
annual ball Of outside exporters sgAins ,
this os,y for its light has been a
heavy enc, Per contra our gas-woeks
If they had the whole supply would lie
al enormous addition 20 the business
aud working capital of the place. Be
sides j, is fixed principle that the tes,
articles arc the cheapest Taking ,nso
consideration lis superior brilliancy.
Comfort aud eonvenienes. together with
the saving Of ,irne AMI bother in pro
curing and keeping trimmed up. the
saving Of hFeaksgrs aud the grAdual
ehsspenlns with the Increase Of con-
samp,ioss. we ooaadsasly bSlieve ,hA,
the use 81 gas VIII generally po.s ,hs
chsapsG in the ED