The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-01-17
SAID TO BE SETTLED.
see eAs coMrAN1Es coMBINE
And Both the wheeling and West virginia
Concerns are now UadsE onS Manage
msnt-Ths Arrangement COaSun-
mated Saturday at PtttSburEh.

According to the Pittsburgh papers the
Natural Gas Company Of West Virginia,
which has the exclusive right to tnrnish
gas for household use in this city and also
furnishes natural gas for fuel in q number
Of manufactures, and the Wheeling
(ManufActurersD Company, which fur.
nishes manufacturers here andiov the
river, and also to many households in Mar.
tins Ferry, BellRire and Bridgeport, have
combined, and the two offices which have
heretofore been maintained both here and
ct Pittsburgh will be consolidated under
one management.
Mr.. Ed HsElett, the Wheeling agent Of
the West Virginia company, and superin.
tendent McGrew, Of the Wheeling and
Manufacturer companies, both said yes
terdRY that they knew nothing more than
what they saw in the Pittsburgh press.
Mr.. McGisw added that he was in Pitts
burgh Saturday and the Directors Of the
two companies were then in session con-
sidering the question OF consolidation, but
up to the hour at which he left for Wheel
ing no dsciaion was arrived ct.
THE COMBINE MADE.
According to yesterdays Pittsburgh
Times the consolidation Of the West Vir-
ginia and Wheeling Natural Gas Companies
was effected Saturday night at 6 o'clock by
John Pitcairn, Jr, Captain Vandergrift
and Harry Fisher, representing the West
Virgins Company, and j. II. Gufey, r.
O. Elliott, William Finn, o. L. Msgee
and 7. H. Given, Of the Wheeling. That
paper says: The capital stock Of the COM
bined corporations, which will be here
after known as the West Virginia Natural
Gas Company, Is s., 900, 900, each company
putting in the stock It formerly carried,
100000.
OF this stock $4,000 is held by the
Wheeling Company, as that Is all 1t ever
issued, and 81 ,02S,000 is hsldb the West
Virginia Company. The remaining $32,-
600 will be placed in the treasury. The
directory will be equally divided, FIVE
being elected from each company, and
each will be equally represented in the
management. The officials Of the con-
solidated company have not yet been
named, and will not until meetings Of the
stockholders OF each corporation have
been called to ratify the action. The debt
Of the Wheeling Company Is $3.50, 900 and
OF the West Virginia Company $4,000.
Both debts will be paid of by the COM
bined company, which promisesto Ruaran-
too q one per cent. dividend monthly,
based upon the capital stock.
IN GOOD SHAPE FOR BUSINESS.
The consolidated company has twenty.
eight good wells, controls all the Tsylors.
town district, nearly all the Hickory field
and several thousand acres Of undeveloped
natural gas territory in Washington coun.
ty. Thoy have two 12.inch mains leading
to Wheeling and Bellaire. The West
Virginia Company has the city Of Wheel
ing thoroughly piped with low pressure
system. Bsllairs and the Ohio river
towns are supplied by the Wheeling Com.
pany. The West Virginia Company has
had shortage Of gas for Its big contracts
number OF times lately, while the
Wheeling Company haa shown up with
constant pressure at Wheeling and Bell
aire Of rs to 80 pounds.
The object1 OF the consolidation are to
reduce the operating expenses and to
economist in the use Of gas. This, the
management claim, is in keeping with the
general disposition shown by gas COM
pRnies OF late towards combination for
general protection Of field interests and to
prevent ruinous competition in prices.
The West Virginia company has also q
number Of lateral lines to West Alexander
and other townH near its route.