Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1893-09-09
, GAS FOR 50 CENTS.
That is the Price Promised
the People of This
City.
Will Knock Out the Trust and
Give Work TO the Unen-
ployed.
It Also Promises to Abate
the Smoke Nui-
SanCe.


duced for new gas company. The
promoters of this company claim that
the franchise, if granted, will ac-
complish several very desirable
things. Among them are that it will
knock out the Gas Trust, it will i'm
mediately provide labor for all the
unemployed of the city, it will abate
the smoke nuisance by making gas
cheaper fuel tEan soft coal, and it
will supply gas to consumers at a
cheaper rate than the Gas Trust pos
sibly could, even if it did not have to
pay dividends on an inflated capital
zatiOn.
The company which proposes to do
this is the National Gas and Water
Company, which already has plants
in operation in Mattoon H., and
Cicero. Its plant at the latter place,
it claims is the finest gas plant in
the world, making a better quality
of water gas than any other, making
it cheaper, and making it direct from
soft coal instead Of coke or hard coal.
The apparatus, the patents of
which are controlled by the National
Gas and Water Company, are the in
vention of Henry c. Rev. They are
the result of ten years of study and
experiment. The great feature Mr..
Rev claims for his apparatus is the
use of soft coal without its having
been previously cooked, thereby saving
the cost of handling the coal seven
times as well as the loss of one-t third
of its weight during the process of
coking
In addition to this, by the use of
an exhaust instead Of pressure, he
saves the heat which in the apparat-
us in general use is allowed to escape
into the air as waste product. By
this means he secures perfect COM
bustion, insuring the thorough de-
composition of the steam used to fur
nish hydrogen and the perfect six
ing" of the water, oil, and coal gases
which constitute the water gas now
in general use in all cities.
The ordinance which the company
will ask the Council to pass will pro-
vide that of the company's full paid
up stock of $50, 600, 900 one-third, or
l0,000, 600, shall be transferred to
the city Of Chicago as a consideration
for the franchise. Another third,
SO, 600, is to be given as bonus
with the same amount of bonds sold
TO raise money to construct the
works. The remaining third is to be
owned by the promoters OF the CON-
pany. OF the seven directors of the
company the Mayor is to be one, the
Council is to elect two, the owners Of
the bonds are to elect two. and the
promoters Of the company two. By
this means the city would always be
in position to prevent the transfer
Of the company to or its combination
with the trust
Another plan Of stock distribution
the promoters are willing TO consent
to is 80, 600, 900 TO the city, 9,0O0,-
600 as a bonus for bonds 80, 900, 600
to the promoters, and $1,000 200 TO
the Chicago University for the estab-
lishment Of a school of chemistry
manual training, and metlIIurgy.
The ordinance provides that the
price 70 be charged % consumers
shall not exceed 81 a thousand feet
OF SD cents II paid before the 18th %
the month Sale of the franchise b.
prohibited. a. is also combination
with other companies
NV Rew says that thirty DAYS
alter lhe ordinance "a passed. the
eomplnY uill be feadf ~ tesIu orer.
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