The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-11
A BIG DEAL BY TIE TRUST
1t Closes Contract for the Purchased
a Large Supply of Gas Pipe.
The Work Of Laying Mains Will Begin
Soon, and Will Be Pushed Forward
with All Possible Expedition.

The Consumers Gas Trust Com pany took an
other STEP yesterday, toward the bringing of
gas the city, by closing negotiations for all tho
high pressure pipe IL proposes to lay this year.
+ or several weeks the directors of the company
have been negotiating with manufacturers OF
gas-pipes, and, although they had several good
offers at the beginning, did not purchase because
there was decline in prices imminent Ihe de-
cline came, but as tho price ceased to go any
lower several days ago. it was concluded the first
Of the week TO delay the purchase no longer.
George Mathsrson, the treasurer OF the Ameri-
can tube and iron-works, which operates i'm
menss establishments in Middletown. Pa. and
Youngstown. o., came to the city and the direc-
tors yesterday closed contract with him for
the entire lot of pipe. The purchase is the larg-
est single deal in gas pipe ever made in this gas
field
The Contract Gala for enough pipe to lay the
main line from the Hamilton county field to In
dianapolis, and enough additional wrought iron
pipe 10 lay the entire high pressure line in this
city planned. The pipe purchased in
cludes sixteen-inch main from the gas terri
tory. entering the city on Central avenue Ii
will pass down that avenue to Seventh street,
thence west Seventh to Alabama, thence
south to McCarty. east McCarty to High
street, and south high to .Coburn. This
large pipe viii serve as conduit and reser-
voir, and will connect with all the additional
high pressure pipes. Tho remainder of the
high-pressure pipe included in The pure hase Is
to be ten inches in diameter. The contra ct pro-
vides enough to run along the following streets:
Morris. from Tennessee to NJ adison avenue.
Coburn, from Massachusetts, avenue to Shelby.
Davis. from Morris to Coburn.
Tennessee, from Morris to Merrill
MsrFin from s Tennesses to :. Mississippi
West Washington, from Mississippi to Blake
Blake, from Washington to Elizabeth.
Elizabeth, from Blake to Ellen.
Ellen, from Elizabeth to St. Clair.
st. Clair, from Ellen to Pine.
Seventh, from Mississippi to Peru.
Eleventh, from Mississippi to Pennsylvania
Tenth, from Central avenue to Peru.
Peru, from Tenth to st. Clair.
Harrison. from Noble to Dillon.
South from Mississippi to Noble.
Ohio. from Mississippi to Pine.
1t is the purpose of the company to connect
their low-pressure mains with the high-pressure
pipe on each of the above-nainec streets. The
purchase does not include any low-pressure
pine. and il will not be bought until after the
high-pressure mains have been put in the
ground.
livery of the pipe at once. and the directors state
that the first carload will be received and dis
tributed next week. The total capacity of the
three mills owned by the American tube and
iron works, will, il necessary. be- employed
in filling the order. The directors further
say that there will be further delay in the
execution of their plans. They propose TO be.
gin laying pipe in the city as the wealth
or will permit. and expect to have enough gas
to supply all the territory for which pipe has
been purchased by the time the mains can be
put in the ground.
The third assessment of the Trust is being
paid. Stockholders have been little slow
about settling, but the directors expect that the
purchase of pipe will give all renewed confidence
in the company, and anticipate rush from
those who delinquent with their sub
scriptions.