The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-14
THERE WILL BE No CHANGES
The Indianapolis Company Gives to the
Gas Situation New Phase.
1t Formally Withdraws Its Petition to the
Council for Amendments to the Present
Ordinance, Owing to the Trusts Action.

Yesterday Councilman Thalman, chairman of
the natural gas committee Of the Council, re-
ceived written notice from George r. Bran
ham, president of the indianapolis Naturai-gas
Company, stating that company's purpose in re-
gard to the amendments it asked to have made
TO the ordinance Mr.. Branham wrote that the
company's board Of directors instructed him to
say:
Since this company requested the Common Council
q make some changes IN the present naturagas or
board OF directors passed resolution declaring that
said company does not and will not In the future
desire ask that any amendments be made to said
ordinance, a cory of which resolution has been duly
presented TO the Common Council Therefore. in
view of the final and absolute acceptance of the
ordinance by the Trust company this company here
by withdraws its request for amendments TO the ordi
nance.
While the indiana polls companys officers and
stockholders are not ready to define their future
policy, il is understood that they will retire alto
gether from any further part in natural-gas agi-
tation. It is presumed that, they have sew
srsl hundred thousand dollars already invested.
On early action will be taken TO turn the plant
rs il is, and AS they propose to make it, to the
best account
In the absence Of any official statement to
that effect, considerable speculation is INDUCED
in as to the character of the contract the Trust
has with the American tube-works. A gentle
man who is on the alert for anything that
promises the bringing of gas into the city at
once says the contract is an absolute purchase
of pipe, and covers an agreement with the tube
works to put it into the ground. 1.-THE repre-
sentatives of the tube works. said another gen.
tiemen, "were so well satisfied with the invest
ment that they do not take mortgage or lien
on the plant they will create. They went
20 Messrs. Mcdonald & Butler and through
them received information which made them
perfectly safe in taxing the contract In view
of the liberal support that has been given the
, company in the payment OF assessments and In
contracting for gas from the Trust on the part
of consumers there is no danger but what all
the money necessary can be mad"
4 II understand" the reporter suggested, 'tDat
the agreement is for the tube-works to take the
gross proceeds of the plant until it is paid for
THAT may be true and it would be good way
to meet such Indebtedness But DO not
favor the statement that is now being made i'll
the interest of the Trust. that manufacturers
can get gas at cents per 600 feet. 1t ought to
be cheaper than that, or IL will afford but little
inducemeut for capital TO place manufacturing
plants here, for capitalists in that line expect
something better than the ordinance rates."
A gentleman converaant with natural-gas
plants says the forty miles of high pressure
system which the trust proposes 10 lay will
cost in excess of 5000 600 for 16. IL and 10-inch
pipes. This amount doesinot include the low pres
sure, from which consumers are be supplied,
pressure is laid which of the directors
says will be DONE the cost will reach 81 600. 000
IL has been suggested that this Indebtedness
could be met by letting the pipe company take
teed to stockholders has been provided for, but
10 do this would necesstate the sale of gas by
the Trust at nothing less than the ordinance
rates