Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-29
AIRED THE SKELETON.
CHARTERS Valley Gas Stockholders
Put Pertinent Queries.
no NOSES PULLED THIS TIME.
One Of the Members Wanted Receiver
Appointed Immediately.
WANT TO KNOW WHO GETS OIL WELLS

The annual meeting of the Charters Val
ley Gas Company was held yesterday at its
office on Wood street and Third avenue.
1t was, in some respects, perhaps, the
most uniquest" meeting held this year.
Edward E Denniston presided.
As near as could be ascertained the Treas
urer's report showed receipts for the year
S173, 600 and expenses SCI, 900, the differ
ence, SIP, 600, being applied on the debt
owed by the company.
No sooner had the report been read than
DR.. Easton began a fire of questions that
kept the Chairman and Mr.. James A. Cham
bers busy explaining for long time. 1t
soon became regular quizzing meeting, but
remarkably good humored one, the aver
age stockholder seeming to take a grim de-
light in asking questions that stuck like a
chestnut bur in the throats of anyone who
attempted explanation.
No Noses Were Pulled This Time.
There were no noses pulled, as on a
previous occasion, but the utmost lati-
tude and longitude of fun and sarcasm pre-
vailed, to which the people interrogated
pleasantly responded a la Boss Tweed or
nearly thereabouts.
I. n
part so prominent last year, contented him
self yesterday by stimulating others to in
QUESTION. He first suggested to DR.. Easton
rhat good way out for him would be to do
nate his stock to the Day Nursery. Mr..
Gregg, however, thought there might still
be ghost of a show for the COM
pany IN the way OF DIVIDEND, SINCE ~
had succeeded in staving off its debts
ard there was 4 prospect of several months
TO come OF receipts almost unincumbered bv
operating expenses. He, however, gently
tod lad nord% %1,ar
delphia Company had a wheel within a
wheel, or in other words that there was a
clique within it to whom was turned over all
the good oil wells struck, the company hold
3ng that il was only interested in gas. Mr..
Gregg threw this out as a suggestion or a
lceler evidently, but the matter dropped
there.
Mr.. William Pickersgill wanted to know if
there was no way by which the lease of the
Philadelphia Company could be annulled,
but he was assured there was not.
Chairman Denniston saw several rain
bows OF hope but the meeting showed no
disposition to chase them. Mr.. Denniston,
among other things, suggested there might
be some revenue derived from the suit of
the Philadelphia Company against the Car
ne%ies and the meeting smiled. He also ex-
planned that the report would have read
better had some operating expenses been
credited to capital stock, as had been done
in previous wears. The pipe purchased
might be considered an asset as it was re-
movable from one district to another when
gas failed.
Want to Know the Time of Death.
After some explanation, showing a slight
absorption of the CHARTERS Company by the
Philadelphia Company, one man demanded
to know now long it would be until the boa
constructor got around the CHARTERS Com
pany.
Another man wanted to know whether
the CHARTERS got anv benefits from the for
1eits required by the Philadelphia Company
from consumers, and it seemed there was
considerable mist surrounding the question.
The Chair opined that the forfeits were a
trust fund. Another wanted to know
whether the CHARTERS would profit from the
dividend in the Shields dividend to the Al
legheny Heating Company, and this opened
discussion as to whether the heating COM
pany had passed its last dividend. 4 mega
tive answer was found finally. One stock
holder wanted to know if the earnings of
the Allegheny Heating Company were cred !
tied to the common account and got an
q flirmative answer. Another wanted to know |
what the Allegheny Heating Company paid |
for gas and was told that at present it was |
80 per cent of its receipts
Asked to Have a Receiver Appointed.
young man of powerful build who wore
golden hair and moustache asked a great
many questions and seemed to be the most
skeptical person present. He insisted that
the best cure for the CHARTERS Valley Nat
ural Gas Company would be the appoint
ment of q receiver and when the cigars Gus
tomary on such occasions were handed
around, he exclaimed with emphasis: ''W hat
is the company able to afford cisars?"
Finally, after all queries had been an
swered in a more or less satisfactory man.
ner, q member offered the appended ticket
for election. and voting began after Mr.
Gregg had demanded to be informed whether
all the members nominated were stock
holders. There was said to be considerable |
scratching, but the returning board said the
ticket would he elected:
Directors-James A. Chambers, James |
LaHghlin, Jr., H. Sellers McKee, Adam Clark |
bravo, William II. Singer, William f.
Schmertz, Duncan c. Phillips, Calvin Wells,
John H. DalZell, Mark w. Watson, James NJ. |
Bailey, Daniel C. Ripley, Edward E. Den
ristOn.
Z. Z. Denniston, of Philadelphia, was re-
elected president, and James Laughlin, Jr, |
vice president. Mr.. Laughlin was anxious |
to resign, but his resignation was not ac-
cepted, and it was thought best that he |
should hold over. |