The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1897-11-18

ltssy etThe Bay State Deal to The Nc
Milan Syndicate Is Denied by all
Concerned.

The sale Of equities Of the Ray State
Gas Company to the Mcmillan syndicate,
which was reported by representatives OF
the former Company In this city on Tues
day, Is denied by all concerned. ibid you
ever see clam on the beachs Well, am
like q clam-I have nothing to say" ).
Edward Addicks is said to have remarked
about the alleged gas deal. Last night
attempts to see Addicks were futile. 1t
was stated ut his home in Claymont, that
he was away somewhere" tho place not
being given, and that it was not known
when he would return. None Of tho
directors of the Bay State Company live
in Wilmington, the Delaware directors
being some Of Addicks political hench-
men from the rural counties.
The story Of the alleged deal Is regarded
q probable hoax by the attorneys who
are bringing suits against the Bay Stale
Gas Company. They have asked that
Addicks and the officers Of the Company
he compelled to produce the books for ex
animation in court, and the matter VIII!
be argued on December z the Intention OF
The plaintiffs being to apply for areceiver
af the examination is not satisfactory
The news of the alleged deal has not
changed in the slightest the plans OF the
lawy6rs for Moore and it was stated to-day
thnt they Intended TO push the suit as rap
idly as possible. 1t was said that suggest.
aons had come from the Addicks people
that the suits bs settled, and it is intiinated
shat the story OF the deal may have been
given out with view of affecting the cases
now in court. Addicks not long ago at
tempted to sell his small Buffalo plant to
the Mcmillan syndicate, but The latter, n
10 said declined to make deal with him.
.CAUGHTDy THE STORY.
Tho story sent out from Wilmington, to
the effect that big deal was being ar
ranged for consolidation OF the bay
State and several prominent gas coinpap,
les In other cities, but which was declared
by John G. Moore to have no foundation,
neverthe less found many victims In Wall
street before the principals to the alleged
deal came out and pronounced 1t to be a
hoax.
Bay State Gas stock was by far the most
! active issue Oh the Stock Exchange yester
day, the total dealing amounting to near
~ 900 shares. The price opened oil the
way from Z to 6A, with sales OF lo'oo.
shares Of once. The closing price Oh
Tuesday was 90.
IRIDEscENT EBAY STATE GAS
The New York Herald, this morning edl-
torially said OF the reported deal:
The spectator would need "a. keen, quicH
eye to detect the methods Of tho conjurol
who for years has been juggling the fiian
ces of the corporation whose shares are
quoted on the New York stock Exchange
tape as "B. ebay State Gas, or, a:
cynically playful brokers call it, "Bunce
Came
Incorporated under the laws of one
State to control gas light companies il
another, the subsequent transmutation:
! and combinations are dazzling. Without
even preliminary "Heigh, presto
wonderful fcats Of financial legerdelnar
have been accomplished, and the sharc'
capital has gone by leaps and bounds from
Eve millions to fifty millions.
Quite as wonderful in Its own way wa
the optimistic story about this corporation
autographed to the press from Wilmington
Del, night before last; a story OF STANDARD
Oil magnates and other millionaircs II
the role of stockholders in this iridescen
property; a story accepted in careless goos
fnith and printed without question b.
the papers-all but the Herald.
In accordance with its invariabe rrae
tice of careful Investigation before publ
cation, the Herald submitted the story t.
Its usual tests, and in consequence wa
able yesterday morning to show that tn
story statements were repudiatcd by mel
whose names it dealt with. Additional
ilsnials and interesting details appear II
our news columns this morning.