National Republican., 1888-05-17
WHERE THE PROFIT COMES IN.
Incandesccnt Light Company Expect
to Make Their Dividends,

Incandescont Light Company Expect
to Make Their Dividends.
There was more interest shown in the
Welsbach light yesterday than at any time
since the exhibition rooms were opened, aud
they were crowded all day with people who
were subscribing for stock and ordering
burners which the company agree to deliver
as soon as the Washington organization is
perfected. Among the subscribers to the
stock yesterday were Stilson Hutchins, of
the Post: Mr.. Noyes, Of the Star Mr.. +. W.
Fox, Of the REPUBLICAN,; Mr.. Kilbourn, of
the critic: Mr. Hudson, Of the Capital, aud
other newspaper men; Admiral Worden, the
hero of the Monitor and Mcrrimac fight: Mr..
LuciGn Tuckcrman, who has recently comcto
Washington to reside, and has erected the
beautiful residence at the corner Of Sixteenth
and streets: Mr.. Shcdd, the plumber on
Ninth street; Mr.. Claudius u. Jewell the
well known capitalist; W. +. lloltzman,
buchanan Bcalc, and II. W. Tyler, the real
estate dealer; George W. Harvey, the avenue
restaurant man, and many Others equally
well known, whose names the REpuBLiCAN
reporter saw upon the books OF the com.
pnny, which are open for the inspection of
every one.
There was never company organized In
Washington in such an open and cOmc-in-
and-tun.it-insidc.ou way. Ii any visitor
wants to test the burner the opportunity Is
offered him, and If he Is not satisfied with
things as they appear he is allowed TO make
as thorough an examination as he plcascs.
A reporter of the REPUBLICAN asked one Of
the gentleman in charge of the stock book
how soon the stockholders might expect TO
realize dividends and how much profit they
would get.
"It all depends of course" he replied
''upon the manner in which the business Is
managed but If there is any sort Of energy
and ability in the management there cannot
fail to he large and immediate profits. We
already have orders enough for lights to
| pay small dividend, and the rooms have
| been open only little more than forty-eIglt
| hours No one who has seen the light can
deny its advantages. The public like IL
because It gives a better light at half the
money that is now being paid for gas. The
gas company likes II because IL enables
them to compete with the electric light.
Mr.. McIhenny, at the gas office, has had
burner under examination, constantly burn
| ing, for over 200 hours, and | understand
| that 1t has shown q twenty-one candle light
| continually, with an expenditure OF about
| two and half feet of gas per hour while
| the ordinary burner will not give more than
sixteen candle power for five feet of gas.
Now, burner that will produce this result
can he sold in every house. 1t appeals to
everybody.
"1hcrc are more than 100000 burners in
Washington, Of which at least 25O, 900 are
| in use every night. In this estimate ! do
not include any of the government build
| ings or the District buildings or the hos
| pitfalls or museums or street lamps, but
9py ThSyyoos stores ad private vSv Fes6SaTss maSaTss
| estimate to say that half this num-
| her, or 125,000 burners, can be sold in this
city. The profits on the sale Of the burners
are such that If 10000 year are sold, the
company can pay 8 per cent. dividend
upon the par value of the stock, which is
equal to 10 per cent upon the actual in
| Vestment. There was never anything like
| il offered In the city of Washington
About two-thirls Of the stock has been
| subscribed for.