The Portland daily press., 1884-06-16
American Electric and Illuminating Company,
OF which the directors offer
10000 SHARES AT PAR.
$40 Per Share.

During its active history of less than year and
half. this Company has established electric sta
tions for city and commercial lighting in Boston,
Lowell Worcester, Fitchburg East Boston, Revere
Beach, and Cottage City, Mass. Providence, r. l.;
Hartford, Conn.,; Portland. Old Orchard, and Lew
iston, Me-; Montreal, Quebec. Peterboro' Brock
Vile and St. John, Canada all which are in sue
cessful operation and in nearly all cases when com
petition has been met, the sub companies established
by this company have succeeded in securing the
tise business of the rival systems very large and
profitable business has been successfully estab-
hshed, and the American System is now universally
acknowledged as giving the best Electric Light in
the hsld, as well as being the most economical in
the use of power.
During this time the Company has eaid its REGULAR
seni-anaitGE dividends Of per cent. and t,co er-
ira per cent semi-GnnuaL Dividends making it at
the present time sound IL per cent. Investment
These results have been accomplished under I'M
favorable circumsfa nces, in circumscribed terri
tory, and with small working cash capital consid-
er1ng the extent and magnitude of the business
carried on, and in the face of strong combined
influence against the Company from those having
inferior systems which has now been entirely
come.
Recently the Company has secured control of a
widely increased area OF territory embracing
River, and contracts for machinery and supplies
have been made at far more favorable figures than
ever before.
This arrangement guarantees dividends at least as
la &c as those paid hitherto, and as additional
capital is required to carry the work in the newly
acquired territory, the directors have decided to
offer to the public
100000 of the Preferred Treasury Stock
This Stock will be Sold at Par, $1,000
Per share, in lots to Suit purchasers.
Payment may be made at Oace, or IL
preferred, by installments as follows:
One-feurth Cash.
One-fOurth in One Month.
One.fOurth in Two Months.
One.f0nrth in Three Months from date
OF subscription.
The Construction of Central Lighting Stations for
City and Commercial lighting, and Isolated Plants
is business carried on by this Company exclusive
lv, and with its large experience and splendid ia
cties, it build and equip Central Lighting Sta
lions, complete with Engines, Boilers Dynamo
Machines, Lamps, Wire, Structures and in fact
furnish every part of the material, quicker and
States.
Investors desiring a safe and highly profitable
security are invited to invest in the Preferred Stock
Of this Company.
For further information, please call at the Com
pany's office. or address
EDWARD II. GOFF, President.
P. S.-Subscriptions to the new stock can be sent
direct to the Companys Office, or through any of the
following banks and banking houses, viz:
HENRY G. CRANsToN s. Co., Bankers, Proyi-
dence,
II. S. COLLINS Co., Bankers, Collinsville Conn.
@. B. WHITING g. Co., Bankers, Worcester, Mass
S.P. BURT g. Co.. Bankers, New Bedford, Mass
UNITED STATES BANK, Hartford, Conn.
APPLETON NATIONAL BANK, Lowell Mass.
je16 eodt