Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-03
INCREASED THE DEBT.


The Allegheny County Light Company VIII
Build a New Plant and Remove Mort
cages ON the Old.
A special meeting of the stockholders Of
the Allegheny County Light Company was
held yesterday to vote on a proposition to
to increase the Indebtedness of the COM
pany by $25O,00O. The resolution was
unanimously adopted. The attendance was
not large.
The $3.50, 200 existing bonds, expiring in
1898, will become merged IN new bonds
now issued to the extent OF $500, 900, expiring
in 20 years.
The additional issue of bonds will also be
employed to fund the floating debt of $780,
900. The reason for this action Is to free
certain portions of the cOmpany's property
for the purpose of sale. 1t is the intention
OF the company to sell its present lighting
plants, but it was found this could not be
done while the mortgages securing the ex-
listing bonds were In forco. The issue of ad-
ditional bonds will admit of this being done,
apd also provide funds for the erection OF
the new plant at Twelfth and Etna streets,
already purchased.
The company's new plant will be the
largest I'm the country. In its construction
ing the cost of the light. Much Of the work
now done by hand will be performed by ma
chinery. There will be automatic stokers
to the boilers. the coal will be conveyed
from the barges in the stream automatically,
and saving in labor will be effected by con.
centrating the plant. In place of having
it on several plans it will be on one:
The plant will be ready BY the lst Of April
next, the period from which the yearly city
contract Is let. On inquiry at the Light
Company's offices Yesterday it was stated
that 1t was too soon to say whether next
wears w01tld hn hiUhPr
present. Elsewhere it was said that there
was no reason why it should. When the new
plant was in operation the company would
be able to supply light at cheaper cost TO
themselves than at present. The planning
of details for the new plant was towards this
end.
1t Is understood that the Edison and West
inghouse interests have been brought with
in closer touch of late. Something in the
nature OF an alliance for the execution OF
work in this city and district has been
formed between the two. The agents of the
organizations here have always been on a
friendly footing, and in marked contrast to
the sentiments entertained toward the
Westinghouse by the Thomson-Housto
agents and sub agents Both interests will
work in harmony in relation to what work
may be going hereabouts.
Edison people on the Weldin block site will
be large, and give them more than local rep
resentation in the city. The Edison motor
is to have prominent place in the show
rooms.
The Switch and Signal Company meeting
will be held to-day.
The city of Pittsburg uses about sl75 900
worth of light each year. Over sl00 900
worth of this is electric light, the amount
varying somewhat according to the number
of street lamps in use. Chief Bigelow, of
the Department of Public W orks, was asked
yesterday concerning the prospects of q
rise in the price at the close of the present
contracts in April next.
81 do not believe anybodySwill attempt to
increase the price TO the CITY" SAID ne In
will be done. If it should be, however, we
have the same recourse New York had when
such an effort was made there. We can go
back to gas. There would be little expense
attached to change. The companies know
t]iis and will not try to get more money"