New-York tribune., 1884-11-06
GAS COMPANIES UNITED.
FOUR vorEf0R CONSOLIDATION
THE METROPOLITAN TO NETT ON sATURDAY-
PROSPECTS oy THE scHEME.

PROSPECTS OF THE sCHEMH-
Tho stockholders of four gas companies Of the
opea from noon until y O'clock. Tho New-York.
Manhattan. Municipal and Harlem Companies
agreed by practically "A unanimous vote 20 combine
thcr intnrcsrt on the basis described In TDs TniB-
uNk OF October T. The metropolitan company docs
ng not meet until Saturday. Although President
politan at first regarded the consolidation
sch"me with dsfvor they werc won over
~ tnc preliminary meeting last month by
t1o liberal allotment Of F7.i22 900 proposed 20
be given ior their 3.l5SOO0 ol bonds and stock.
!ho attitude OF tho Mutual Company, whose
directors also asaented 20 the consol dation. but
unlike tho other companies. have called no meeting
OF their stool khoders 10 vote upon II. h hard to
npherstahd IL IL given out that clause IN their
charter iorbids them 60 consolidate with amy other
company, hut this Is Improbable as their allotment
oi stock was made after much dclibcratiOn aud not
without legal advice. The theory that they are 10
br irit out 10 wager guerilla warfare ith the now
supplying the suews OF war. looks plausible But
General Roome. who will undoubtedly be made the
president oi the new company, Indignantly denied
suggestion to this effect, which was made to Him
YESTERDAY.
81 don't know why the Mutual Company has not
carried out is part OF the agreement We expected
Il to come in and those whom have met to-day ex-
press great surprise at its detection at the last mo-
mcnt The rest ol rs are satisfied and the Mutual
assigned 20 itp
MI Kennedy. president Of the Mutual Company.
~ nm pu gas manager. lie says that the coibllla-
tion has already shown signs Of weakness in the
gradual decline of the stocks of the companies com
prlsng II. This decline amounts TO nearly
SloOOO.O00 since July !, when the market value
OF the stocks aud bonds of the SIX companies
amounted 10 $40. .73l, $50.
The four companies which met yesterday ap
pointed November 10 for electng officers and ar
ranging the details Of the consolidation. On that
doy the new Equitable Company will begin to man
ufIctuie gas according to process of is own.
which. ~ is expected. will accomplish much, both
ior consumers and producers, I'm the direction OF
economy aud Illuminating power. II IL probable
that tl" Euuitallr competition Will bring on vrr
OF rates, in which the old companies may suffer
even more SEVERELY than they did in l~fN heir
nrrres'fv wOulh We the Opportunity oi the Mutual
tDmu'ny. whrh might. Y unirammrllri 10y any
pooling contracts. iuin hands with thr Epuiahlc
nnd make ruuiiHuu rlusr nrH'n9t the consolidated
rNfnraNt. President tnlain. ~ IN" IIuiiahlr,
sr nr r'rrrnh vhpn ird W Vie iatinratinn ui ihr
consolidation MAN We rt'p aNnN V WiRht rut pn
ih'Hu~h' hr aAM Nn vp tN uN' rfpN reh 'N Ne
iri alur Va n,p rinr o. Wahp % rt'l pNa Hnl
v.ll " rluHrlt. w. thiuh ihai Wp hatp thp UtGWp
BE-" uif aniie ihpt hNuv lhHi Up tAWf '"9'Illo'r
ni srll rfa HhH'tf W I0 49, ihHUsHnN WNlt' iN"H'N
Nl ilNiln. Nui Nlttfpi. aa Wtll "n uNf N" p'.N'r
uf thp utine H tlp antpt lu thu rtNuNtg W
h'ftu- tI.7u tAaiua Wu raN it Gao lluua' uNt l"'
nthH, gra.ous oisu rt ,uuaiit, that 800 l,su,t W,
ui thr titY aud thHan IS iAIi NU o. .tNi g. supply
With .ab. H. uut uua.in t'4t tAia tuusuIlN. tiun
o. ncaui o. srrtr Chrtp pa' Go the oitlrub ol NoW-
lorh. IN % % last I.-nli lu tuutD' Wiih tht most
fuuldahie competition tult tAa laa monopoly ol
tulb eitl q, ,or euoouatcied'