Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1883-01-15
ECLECTRIC LIGHTNING.
rapid Development OF the Rusiness.-
Exceptionally Large Profits.

(From Boston Daily Post, JAN 9Th, 49,
Lighting by electricity is no longer an ex-
pertinent; its success as an illuminant. a.
we'll as an established commercial enterprise
capable OF yielding handsome profit. to those
who invest their money in the introduction
and development of the new light, is no
longer matter of conjecture. As bushes
enterprise, electric lighting is well estat-
iished IN this country, and we can see no rea-
son why Il will not yet assume as prominent
| position among sound and legitimate BUSH
ness enterprises as the gas companies ever
held. 1t is estimated that over 10000 cleo
trio arc-lights are now in use in the United
States. and if the different companies could
suppls the rapidly increasing demand for
electric lights. this number would be nearly
doubled during the coming year. If well
managed. electric lighting will no doubt
Weld larger profits to its shareholders than
gas, and give the consumer greater
quantity of light at less cost.
The rapid development Of the electric light
business throughout the United State. is at
tracting the attention of capitalists, gener-
ally. as chance for legitimate investment
much above the average business invest
ments Of the present time. 1t is said that
the original investors in the Brush Electric
Light Company are getting 40 per cent on
their stock. The New England Brush Com
pany has paid 10 per cent since its organ
ization. and on the 18th of this month the
company pays 80 per cent extra dividend.
This is simply cited TO show the value of
stock in electric light companies as an in
vestment. While all the electric light COM
panies doing business in New England are TO
be commended for their energy and the
rapid development of their business, none
have made such strides in the way of extend
ing their operations during the past few
months as the American Electric and H.
Illuminating company. The American lights
are now well and favorably known in Boston
and elsewhere where the system is in use.
The Massachusetts Charitable Mechanic as
sociation have recently adopted the American
light for permanent use, in preference to the
Brush" lights, which it has used in the Me-
chanics' association building since in was
opened. Nearly 100 American lights are
now in nse in this building. The American
lights are nov coming into general use by
many of the best business houses in the city
and the demand for new lights is greater
than the company can supply with their
present facilities. The company invite COM
parison with any or all systems now in use.
which of itself shows their faith in the in
trins;c merits of their light. The rapid de-
yelopment of the business. and the increasing
public demand for its electric lights having
far exceeded the expectations of the manage
ment, the company is now offering block of
per cent preferred treasury stock to the
public for subscription, the proceeds Of
which will be used altogether for the pur-
chase of additional electric apparatus to
facilitate the rapid extension of its business.
Shares $40 each, and non -assessable. The
preferred stock bears per cent per annum,
payable per cent semi-annuallv. on the 1st
days of March and September of each year.
For every two shares of preferred stock
subscribed for at par. one share of the COM
mon stock will be given as bonus, and
with the progress now being made by the
company in extending its business, the
common stock should sell for its par value
within one year from date.
A movement is now on foot among the
large stockholders and number of prOmi-
nent capitalists to have the stock regularly
listed on the stock exchange, which, if done,
will serve to make it one of the most active
and best investment stocks on the market.
Those who are looking for chance to invest
money protitably should call at the office of
the company, No. rs School street, Boston.