Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-01-03

Yesterday the leading stockholders
and promoters of the new Central
Glass Company held a meeting and the
application for certificate of incorpor-
alton was drawn up, signed by Messrs.
n. B. Scott, Peter Cassell, Louis F. Sti-
fel, Joseph Speidel and P. B. Dobbins,
and was sent to Charleston on the
eleven O'Clock train. The capital stock
of the Company is $125,OOO, and at
three o'clock yesterday it had all been
subscribed except $500, and most of
thai was in sight By evening it was
all gone, and a premium Of five per
cent. was offered.
At Yesterdays meeting Messrs. P. B.
Dobbins and L. T. Stifel were appoint
ed a committee to receive cash sub
scriptiOns and the old common and pre-
ferred stock, and a resolution was
adopted that one-fourth of the sub
scriptiOns to the stock Of the new Com
pany, together with the old common
and preferred stock, must be paid over
to the TWO gentlemen named on or be-
fore Saturday Of this week, at noon.
The remaining seventy-fve per cent.
Of stock subscriptions must be paid as
follows: The second twenty-five per
cent. February 9th, the third twenty
five per cent. March 9Th, and the fourth
and last twenty-five per cent. April
9Th The first payment to the United
States Glass Company will be made on
Monday next.
The work Of getting the factory
buildings and machinery in condition
for operations will be commenced dur
ing the coming week, under the super
vision Of Mr.. Scott, and as soon as the
charter is received there will be a gen
eral meeting of the stockholders, a
Board of Directors, President, Secre-
tary. etc. will be chosen, the prepare
tons made for commencing glass max.
ing.
Everything is going right along to
the complete satisfaction Of all con-
cerned. and probably within a week
steam will be up at the factory and the
work of oyerhauling molds, etc, Will
have commenced.
The general sentiment in favor OF a
| Company to purchase factory % is
growing, and while nothing tangible
has vet resulted, it is probable that
some definite steps will be taken soon.
There are daily indications of a dis
| position on the part of those members
of Council who voted against the nat
ural gas ordinance, at the last session,
to take a sober second thought, and by
passing the measure and encouraging
the Company, make it possible for the
new Central Glass Company to obtain
a supply of gas for its furnaces. a
gentleman interested in the new Glass
Company said yesterday that gas 1t
must have. if there is to be any
thing like successful competition with
glass houses in other places using gas,
and yet it cannot get IL unless the Gas
Company has some inducement to pro-
cure a further supply. The western
PENNSYLVANIA territory, which has been
producing gas for this city for nine
years past, appears to be about eX-
bausted. and some further field must
be tanned. There is some gas at Cole
rain and more at Cameron, but 1t Will
cost big money to drill wells and lay a
pipe line to Wheeling, and the Natural
Gas Company is financially unable TO
do the work with present prices pre-
vailing. The Gas Company has agreed
however. if the price is advanced three
cents. to make an effort to obtain more
gas. being encouraged to do this by the
prospects of an increased revenue, and
we promoters of the Central are Just
now relying upon Council to do some
thing in aid of the enterprise which has
been revived under so many dlscour-
agements. and which now promises so
much for the city generally and par
ricularly the eastern portion OF town.
Business men as a rule hold the opin-
ion that Council should be glad OF the
opportunity to do something which Will
give the community as whole a better
supply of gas, and there is an indica-
tion that when the ordinance re-
introduced. at the next session, the pc
tition from the gas consumers will be
read and favorable action taken"