The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-16
THE GAS WORKS SOLD
Biz Plant Now Owned by Sam
uel Hill and Associates.
THE DEAL CLOSED SATURDAY.
Leading Capitalists Interested = ne
Price About $3.50, ooo-A Transfer
OF Importance 10 the City

TIE mystery which surronn6ed the T-s-t
OF Samuel Hill % Seattle a coupe o
weeks ago wss cleared up yeatsraAy -
the announcement that IN cof]
with number % Eastern capitalists he
had bought the Seattle Gas and Eslertr1c
J.tuf1s C.ounany. Associated with Mr.. Hi
IN tae enterprise are II. v. cannon.
president q the Chase National bank OK
New York city, ". II. bBnHoodE'
wealthy miller ot Minneapolis, W ).
Murphy. q newEpa per proprietor .of A'h-
reaDolls and Horace q. Henry q seat
t.e SIR. Cannon ta one Of ms ieAf.as
financial ilgata - New York. IN add
ton 70 be!ng president ~ the Chase Sa-
tlcnal bank he is president % The New
York Clearing House Association, ana
was formerly comptroller Of the currency
Mr ffil is already o very busy man. tbs
duties as president Of the Montana Cen
trial and the Eastern Minnesota ra3iFoads
taking up large portion o. Ms dhv'
His latest investment will cause him %
spend several months each year IN Seat
tie. as be proposes TO take an active IN
teTest ia the management % ne WORKS.
The Change fsenefirial 20 the city.
The change. II is thought. w.H be be1e-
fciai 20 this city IN several w.ys. Among
others Il VIII strengthen the company.
making Ii a more active competitor 81
the electric light companies TRAN former
~ afu * Will A4sS put Several H1At@tf+
thousand dollars ia circulation. - me
present company consists almost entirely
% local capitalists. Tire purchase price
has not been given out. but u j. understood
that Il was III the nsighbofhood 81 STs1iss).
The trustees % the new company are
Samuel Ifl1, Fl. ". Cannon. Horace G.
Henry. " Fl Dunwoofy and ~. j.
Murphy. Mr.. III. viii be president and
Mr.. Murphy vice president. The board
o. directors vii be named today.
Influential Men Interested.
Hon Thomas Burke who has been ac-
lively interested in the transaction. was
fonne yesterday. evidently .n gcoi sp.T-
IT'S ard be verified tre story % the sale
81 every particular. 1T Il o very good
think for seatuo." he said. 10 have sacn
a man as MIR Hlll identified with her IN
;erests. especiallya S So wlll entail his resi-
denoe here Ter "a portion Of each year,
during whica time ~ ssh bring rs family
with him md make this city he home. II
IS very gratits iug also 10 see that be has
used h.s personal Influence 20 Induce bis
friends 20 take an interest IN the proper
q. as Il shows his .aith in the future OF
Seattle"
us II a coincidence" Mr. Burke was
asked. that tie gas works should adj
jo.n the terminal property Of the Great
Northern. or - there any connection be-
tween me twog
II ann sare I don't know" answered
Mi. Burke. while the smile On his face
hroadenei into a hearty laugh. "out 4 Is
= very good thng for Seattle. for IL not
only adds strength 90 tie gas company.
but brings influential friends 10 the city"
The Old Company.
The Seattle Gas Company was or
sanized In 1873, with John Leary as the
principal owner Sore years afterward
a. A. Denny and Dexter Horton became
associated with the enterprise, and short
~ after the great Ere year OF lsss they
sold their interest 20 ~ q. Strive. Maui
rice McMlcken AMI Lester Turner. who
were ia control when tho trasfer was
made 20 MIR Hill and mis- associates on
SATURDAY