Daily Republican., 1889-02-14
HEDGE COMPANIES.
EFFORTS MADE TO CONSoLi.
DATE THEM INTO ONE.
The New Castle County Hedge Com
pany Invited to Consolidate with
the Delaware Hedge Com
pany.

There still exists In Delaware two
hedge companies, one c.lled the New
Castle County Hedge Company and the
other tho Delaware Hedge Company. TIE
New Castle Hedge Company frst organ
iLed but IL was never completed. The
original contract was that the Dayton
Hedge Company would sell its rights,
franchises, patents and privileges, to q
combination. company or syndicate In
New Castle county Tor 10000, and
would build 100 miles of hedge fence at
$500 per mile. All farmers who sub.
scribed for fence at that rate became
stockholders In the company for the full
smount subscribed and others not want
ing fence became stockholders In tho COM
pany at forty per cent discount on the
amount subscribed. Thus q person sub
scriblng for S5 0 worth of stock GOT it for
$500. The 40 per cent discount was TO
| offset the frat cost of the mile OF fence the
farmer gof.
Under these regulations, stock repre-
senting about 63 miles Of fence at $500
per mile was subscribed.
The company was organized and notes
were given the Dayton Hedge Company
for the payment OF the stock in four an
nual payments. Before the stock, repre-
sentlng 100 miles of fence, was sold, the
stock representing tho other 81 miles re-
quired to complete the company, and of
course the New Castle County Hedge
Company could not operate for them
selves until the Dayton Hedge Company
had its balance OF ~ miles.
In the meantime there remained Kent
| and Sussex Counties not occupied and SO
the Delaware Hedge Company was or
Ranized, to which the Day ton Hedge Com
pany sold the rights they had remaining
In the State, including the 81 miles not
taken up by the New Castle County
| Hedge Company.
Furthermore the Dayton Hedge Com
pany has conveyed to the Delaware Hedge
Company the obligations they were un-
der to finch the fences commenced for
the New Castle County Hedge Company,
and all notes given by the stockholders
of the New Castle Hedge Company to
the Dayton Hedge Company have been
assigned and conveyed to the Delaware
Hedge Company. The latter company
therefore stands In lieu of the Dayton
Hedge Company to the New Castle Coun-
ty Company.
The capital stock of tho Delaware
Hedge Company is $1,000 00O. The stock
has all been subscribed and the company
10 In working order with quito . number
of miles of fence 10 build this spring. 1t
10 the desire OF the Delaware Hedge Com
pany to consolidate itself and the New
Castle County Hedge Company and have
but one company in Delaware, and to
facilitate the consolidation OF the two
companies the Delaware Hedge Company
has issued q circular to the stock holders
of the New Castle Company setting forth
tho advantages that will accrue there
from.
A large number of stockholders in the
New Castle County Company have
already exchanged their stock for
that of the Delaware Hedge Com
pany, and as the latter seems TO give
promise of being a paying corporation
no doubt the remainder of the stock
holders may consider 1t to their advan-
tage to do SO, that there may be but one
strong, healthy organization in the
| State.
As the case now stands the Delaware
Hedge Company will not C ase canvass
ing in New Castle County until they get
their 81 miles of fence to which they are
entitled, aud the New Castle Company
cannot possibly make and declare any
dividends until the Delaware Company Is
satisfied, which may not be for some
time yet.