The Portland daily press., 1883-01-15

ELECTRIC LIGHTING.
Rapid Development of the Business-Kx-
ceptionally Large Profits.

from Boston Daily Post Jan. 9Th, 1851
Lighting by electricity is no longer an expe-
rimept: its success as an llluminant, as well as
an established commercial enterprise, capable
of Welding handsome profits to those who IL
vest their money in the introduction anu ue
velopment OF the new light, is no lonsei
matter of conjecture. AS business en'ei
prise, electric lighting is well eS'aoiisneu III
this country, and we can see no reason why u
will not vet assume as prominent position
among sound and legitimate business enter
prises as the gas companies ever held. 1t is
estimated that over 10000 electric arc-lights
are now in use in the United States, and if the
different companies could supply the rapidly
increasing demand for electric lights, this mum
Der would be nearly doubled during the COM
ing year. If well managed, electric Lighting
will do doubt yield larger profits to its share
holders than gas, and give the consumer
greater quantity of light at less cost,
The rapid development of the electric light
business throughout the United States is at
tracing the attention of capitalists, generally,
as a chance 10: legitimate investment much
above the average business investments OF the
present time. 1t is said that the original in
vestors in the Brush Electric Light company
are getting 40 per cent on their stock. The
New England Brush company has paid 10 per
cent since its organization, and on the 18th OF
this month the company pays 80 per cent ex-
ira dividend This is simply cited to show the
value of stock in electric light companies as an
investment. 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 extending their OPP
erations during the past few months as the
American Electric and Illuminating company.
The American lights are now well and favora-
bly, known in Boston and elsewhere whore the
system is in use. The Massachusetts Charlie
BILE Mechanics Association have recently
adopted the American light for permanent use,
in preference to the "Brush" lights, which it
has used in the Mechanics Association build
ing since it was opened Nearly 100 American
lights are Low in use in this building. The Amer
lean lights are now 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 ia
cilities. The company invite comparison with
any or all systems now in use, which OF itself
shows their faith in the intrinsic merits of
their light. The rapid development of the
for its electric lights having far exceeded the
expectations of the management 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 purchase of additional electric appara-
tus to facilitate the rapid extension of its bust
ness
Shares $40 each, and worcestershire. The
preferred stock bears 8 per cent per annum,
payable per cent sem-annually, on the LIST
days of March and September of each year.
For every two shares of preferred stock sub
scribed for at par, one share of the common
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 a number of prominent cap
italsts 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 in
vestment stocks on the market Those who
are looking for chance to invest money prof
itably should call at the Office of the company,
No. % School street, Boston.