New-York tribune., 1885-03-14
GAS COMPANIES PROFITS.
WHAT MR.. WALDEN FOUND IN THE BOOKS.
TaE KNIcKERBocKEg's BOOKS NOT PRODUCED
SOME INTERESTING TABLES.

raE KNIcKERBocKEg's BOOKS NOT PhoDo0hp-
SOME IyTEREsrIyg TABLES.
The investigation Of the gas companies was
resumed the Morton House yesterday morning peoo
Senators Thomas Gibbs and DAILY. 81 think sno 'no
latter, A" that we ought TO get through tom"iro"'
We've heard evidence enough aud should mako an cary
report that there will be time for the Legislature W
act before The lawyers present In
force. General H. E. Tremain represented the Gas Con
sumers' Association aud him sat John H. sherwood
and Charles II. Botsford. Francis Nj. sco'' roPio'
sentod the Corporation Counsel henry IL
Anderson appeared for the Consolidated company
and s. Wheeler r the Mutual Gaslight company
John p. Kennedy, president Of the Mutual James
Smith, treasurer the Consolidated and Oscar Zohol
fer president OF the Metropolitan Company ana f. d.
Thurber were among the interested spectators.
Stephen Mccormick, superintendent OF lamps ana gas
In the Department OF Public Works, was hrSt examiner
By Mr. Scott. He declared that New-YorS Guy mas
better gas than London Paris, than any other Guy
In the United States His last quarterly report was
placed in evidence, and he explained Its tables Eacn
lamp cost about 81 year The last count OF the lamps
was last year. and the last that six or seven
years ago. It was found that the last count
tailed exactly with the one before it. During MS super
intendency many franchises had been given away mo
only paid for that to tho Equitable Gas Lght
Company. which has paid about $4,000 to the city for
the privilege of laying mains since It began abont year
there waste OF in the public buildings, par
tcuay the amorcs but he had not been able to get
at IT, He had semitic the comnandants reports showing
that since the city began paying tho bills they had been
largely increased. The 7th Regiment was the only
regiment that paid for Its own gas outside OF that useu
strictly for public purposes. Ho had never owned any
stock gas light companies To have the number OF
mains increased would be evil II would add TO the
difficulty OF finding eakages and to the necessity Of tear
ing up payements frequently At Broadway and Fulton
st. thero thirteen mains. There were great dl-
Guilty and danger resulting from tho multiplication OF
mains. Tables giving the pressure for 1888 and 1884
showed that there was no material variation. The
specific gravity trhe lighter In 1891 than In 1883
There much in the burner "a In the quality OF
gas The pressure was highly important considera-
tion.
General Tremain said 1t was important to Obtain the
books and papers the Knckcbocker Company ana tat
every effort thus far 10 get at them had failed He
placed on stand James Walden the expert account
ant who said that In making his examinations ne hau
not attempted to obtain thc names Oh 'e sh anjts
OF the Consolidated Company to examine Tue orgIha
stock lists" The chairman directed the witness 10 com
pare the stock lists with the originals aud report te re-
suit without copying tho names or the st0cklOdcrs anu
declined To order the books and papers be brought
Harrison r CAVITY who said that he had been presi-
ISSo when n was merged into the Municipal Company.
declared lie did not know where the BOOKS OF te
Knckerbocker Company were. lie III" never Soe"
senator Gibbs-The officers Of the old company must
| know where those DOCKS arc. ~ 1"u Hi"" ""'
| knowsl Al do not ---. ....
ibo witness was directed produce oil the papers CON
nected with the matter at the AFTERNOON SeSSion' anu H
| committee took recess
In the afternoon Allen Stillman testified that nc had
| been conuerted with the knlckerbockcr company as
manager ever since II was started and had ne'er seen
any cash books or stock register and ala not Know
who tie stockholier- lie only kept the consumers
| accounts aud pay rolls lie was now employed oy lh'
Consoiated tonpany, and there was nothing IN telI
offices showing the financial affairs Of the hnckeroocAe'
| Company. , -., ..hri,,
| Mr. Walden was again examined and read tahUlal
4tfemeut. snoWng the capital stock net income ahio"
Of gns manufactured and the total cost Of manufacture
ami dstrihuton FOR the various companies during 9
series Of years. The following Il statement OF tA'
average receipts cost aud Income per luop cet uhi
| 81. t,,, TON Years Z tho companies named: