Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1890-02-13
ADDIoks WANTS TO BUr.
His EndeavOrs 10 Hear Down Local
Gas stock Mot by an Organized
Keslssance.

| Resistance.
The control OF the local gas market has
now developed into fight, the result Of
| which ID not very clear. The conserva-
i tive stockholders of the Wilmington Goal
| Gas Company did not fall the easy prey
/ TO Mr.. Addloks rs the latter probably
hoped for Unless the shFewd speeulator
| buys out the stock OF the present gas
| company ct its figures or on some fair
compromiso, the eontest for the SUI
| premaoy between the wo concerns will
BIO one Of capital and might prove expsn.
siVe. When Addicks bought the o d |
charter under W ich he is working and
began the erection Of the buildings which
are now almost completed, his project
! did cause CONSERVATION among the stock
( holders OF the Wilmington Goal Gas
| Company. The rumors that be was
backed BY the unlimited capital Of the
Stan ard Oil Company or some other
wealthy trust, and the additional claim
that the new works could manufacture O
better gas at a cheaper price, orea ed
panic among some OF the more timid
stockholders OF the old concern.
Before tho new works were projected.
| Wilmington coal gas stock brought
/ SlQ2.50 in the market and some even
sold for sl06, with the PR value at $50
1 per share, snd very little vas offered
even Ut these high figures Then the Cd
vent OF EddicEs and the announcement
OF hia intentions and schemes irovo some
timid stockholders TO sell at reduced a.
usge in isaF OF csasE, Several small
biocas Of st0ok we're sold Ga low as S75,
Some OF the Zig shar holders saR the
necessity for Rome action to prevent
stampede oyer an imas, nary fear aud SO
they secured control oil the stock from
the majority Of stookhoidess Ia oGgh
poT6E3 Of attorney aad appointed COM
mites Of tru5t, OF which Edward Belts,
president 81 the Wilmington Cost Gaa
Company, is chairman This co4mittee
nov controls over three-tourthe OF tie
stock Of tho cid company some reports
making il even as high as % ger cent.
MIR. Adjichs geceDtly mida OvsTtlres
ior the purchase Of this atoaS q Asurss
whlch rere promptly refused, he
on 5f5 par share for c9sh SIS per
share IL psE cent bonds; s91 pgE ahar
In pay Csnt bonds; or, glAsAntee OF .
per cent o. tae value Of tA= stock fer
isIg9. Tho powers 81 attorney by which
the coamitfss on tsu3t holds tue psapaat
compAny's stock, prahiaits g sale q ANY
figures less tUau $40 WHOA ia highof
than tbs stock ever brought aud to reach
which Mr. hddisEs will have to use q
long pole.
Previous 10 this, when Mr AldicE first
announced big intention 81 starting Ess
works heye he opened leGotiat .oRs through
local bankers ipr thu IufcnGss o. tho Ola
UompAug's stock al figuEGs HonBWael ag-
proaolirg the zeal ys,Ua. lie le-i Ind
almost heen OuSlEla iGt3l Api tic cor
as!4' y - Al''ASA' i'"9 A'l-iVhS 3'8u Y,
sAtse9 "Aon .ii9 is.soI Cnap ,l4 wv N,@t
ena ~ oeaA Al. slttoA'h' III 49, =
peat w sl9oA uoNA - 49,, m "hS&
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tuaa4 y a. - H hueil 7 ~ 3Ai w, ~
a1tls ullhas y ~ '.tss ..1 t..s
- W. ="
~ T. 81 .tl'1 $3.50. -lS77 N'sp
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E. Z. S'1'' ~ -" - 49,
y 49, 80,
~ ~ o.iis - De'et ~ ms'sph III
i l, W o'"9t9i tsPtisN wy ounFe Hh'u
4 ss .tri. n l;'.1 ..,..
! - J9H to4s,y eNntcLnpASto my love
Il I1oh'ub 'o"aFu s'AttiHk ses WoihS ~
Z Mtluti''SsoA sAe he"apaPeE lhaL ~
a I'm ~ ,..-
d 800 I1iu'St ~ eAn olea-SsAeu
III yo.tse!L t-lAs ~ wv . NY iaEeo