The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-11-05
Ma. sold within \ few weeks ntias
This roull any phss.d IT, divt'rn IN August
Sew company Never paid a dividend

Tho following ngurcs show tho capital stock
81 80 oo 90" M"nBa,Snn siG66o0, N rr i@l
tan. 81 500 900; Mutull, i5O0O.ooO. Municipal.
il3WOlO New YORK, 81 oM,puo' nrooklyn.
Peoples tot Brooklynl. 81 100000; Metropolitn tan
lul lr1ukynl, $1,000 900 Nassau tpf brouk lynl
mond co.. 5: l.. 100000; Jrrsry city. $3.50 900 ;
Baltimore Nd. g. 0OUNOO. Citizens lof New
ark. S9iS.OOO.
II Is noticeable that the greatest do.lino ro-
corded in any short period was made "a the
sales subsequent 90 sept 20, the day OF the au-
nounccmen. of EIison's patent
Their, can be- no real doubt. In spite ~ an as-
srrtluuH tu the contrary. that tins decline. 100 all
INT ono or two Isolated cn.,s. au- beeil ..tu.oI
by the fear Of the speedy Introduction ~ light
Ing hy electricity. The decline IN Harlem may
b. duo IN part 10 the pass ing OF the August diyi
dent NJ well ~ tn the recent reduction IN the
price, Of gas from 81. 80 per 900 feet 10 81 per
] 900 feet. The down-tO companies purpose
10 make similar reduction. Thor Officers say
that the reduction n 10 be- ordered hcgnus" Of
the greater chcapnoss ~ production. The diff
ference ~ the cost 81 production between this
time and year ago II "a mere bagntellc OK
ports say. The officers assert that the introduce
ton Of Kerosene in place of gas. Just after the
knnle, Is thr cause % NOR NOR man one
sene instead Of gus began IN Brooklyn whore
the consumers compl Aimed not only Of the high
price OF gas. but of tho metre measurements.
The result was that many large consumers and
uunumhered private families stopped using
S97. me earnings OF companies zen 2it per'"pt,
IDLY and OF course the dividends either ceased
ontIcly or were greatly reduced. Competition
was another cause Of decline. in this city cepc-
cially. the number OF companies being dispro-
portloned 10 the extent II territory 10 b. sup
Piled. In gas manufacture the greater tho
quantity produced tho cheaper the cost and
hence the advent Of each new competitor
brought distress TO the companies alroniy in
existence because each new candidate for
patronage took OF from tho others proportion
Of their trade As a proof that there are capt
tallsts who do not believe IN Idison's new dis
coyccry' II may o' mentioned ihM me hninker,
rocker. "a new company, Is lhylng mains IN
the upper part Of the city which will in some
places invade the district supplied 10y tho Metro
politRn and Harlem computes.
We have no fears Of Edlson's discovery \
prominent gas man sad Yesterday; For
satls iactOry result do not decry the electric
light. On the contrary. believe il 10 be- ono Of
the best, II not the very best. ~ Illuminating
agents. feel In regard 10 II. and believe NY
opinion IL general among gas men, that IL cam
not b. utilized for domestic purposes. II il not
rcliahl" In mo experiments l nave seen, the
light has been brilliant for time. and has been
almost utterly olscur"d at frequent intervals
VIII not TINS be- the ease ~ tho event OF ia in
PRODUCTION in private residences Near Dover.
England, nj the South FOreand lighthouse. the
electric light has been in use for the pnst soVrn
years, bat 1t has proved irregular although in
trns", tts brightness varying at very short in
t,rvnls. Ittakes four twelve horse power steam
engines 10 run II. and four largo electric ma
chimes 10 generate tho necessary electricity
and besides, the ordinary oil lamp IL alWavs
kept in readiness IN case ~ accidents. Only
hnlt OF the machinery IL IN use n any one time.
Thus. You see, the English lighthouse author-
lttrS do not display unhoundcd confidence IN
the electric light. You speak OF the shrcwd
capitalists who stand ready 10 back Edison's
discovery. Well. neither YOU nor | forget that
capitalists equally shrewd got their ingrts
crushed 40 these will got theirs burned. by tho
grout Kteley motor Whore In that now "A to
tho stock fright. | can only FAY thnt in every
body OF men there II always u proportion OF
weak kuoed and weHk-hond"d moriais That
take right A. "A shadow. ike n sktush horse,
ifnd do foolish things. They will be- sOrry lhly
didn't hold their gas stocks before many Weeks
have pissed.
The boundariea Of tho Pas districts are;
Central Company The who" of the twenty
thlrd Ward. formerly M0rrlsunia.
Harlem Company North OF SeVonty ninth
street from river to riyrr.Hnd HlOh., the Harlem
liycr to Spuytrn Duyycl Greek
Manhattan From Grand street 70 thirty
fourth street aud from river t. river.
Metropolitan From Thirty-iouUh street to
seventy ninth street and from rlyur 10 river.
Mutuul-rhe whole city.
New York South Of Grand street from river
to liver.
,Norlhorn-Tweniyf fourth Ward. formerly
West Farms.
knickerbOcker (the new company The whole
city. This company proposes to lay mains from
SoNenty:nntn street TO ty-iOurh street.
Headquarters Of she Democratic state central
CSmaAittee, ~. Nicholas Hotel.
Authentic returns from the different election districts
will he received and posted IN the rounds Of TINS hotl