The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-12-23

companies now existing for the purpose of
supplying gas light TO the citizens Of Bos.
ton, / propose to lay before you all the facts !
about one Of the most startling impositions
ever attempted. In proclaiming the New
England Gas & Coke scheme an imposi-
tion, l am aware that l am taking n very
grave responsibility. I am aware that
there are men connected with this enter
prise who are entitled to public respect.
Notwithstanding this, take the response
bility of stating that the New England Gas
h Coke scheme is a monstrous imposition
OH the different interested parties to whom
this statement Is addressed, and 1 am ready
tb Justify my statement in the courts or
elsewhere.
Before Analysing this scheme I call atten-
zion to the fact: The statements made by
ME arc from my personal knowledge, &C.
quircd as Viec-President and Director in
The several gas companies, and as the nego.
tiator OF the various settlements, deals and
congratulations that have been consum-
mated or attempted in the Boston gas field
during the past three years, and as I nm in
possession Of tho original documents per-
tainfng to or connected with the inside his.
tory OF tho Boston gas companies, my
statements canuot be refuted.
The following are the Company's
Oratiai Documents setting Forth tho New Eng
Innd Chs ana Cole scheme.
"AGREEMENr mado this twenty.sixth
day OF November. In tue year 1897. by ana
between the NEW folth VAS lMPtoVE-
MEST COMPANY, a corporate n created and
exciting under tho laws of tho State OF New
YORK hereinafter called the improvement
Sompan!l party OF tue hrst part. anu the
CENTRAL TRUST OF New YORK.
corporation created anu existing unoer the
Laws OF inc state OF Now YORK HEREINAFTER
called tho trust Conipanyh party OF tho
second part. M
WHEhEAs' tho sa'd Improvement Oom'
pany mas horetotoro entcrel intu an agree
ntent IN Writing with inc NOW Easi"na Has q
Coka Company, an incorporates voluntary
association wherein ana whereby IL mas agreed
10 enheavor TO procure a loan In the aggregate
amount OF Sla,oo0.ooo' to enable the said New
England COMPANY 10 purchase ana acquire
tls'ooo SHARES OF the par va!uo OF $loo each.
OF the capital stock Of the Brookilne Gas Light
company a corporation OF .ho stase OF Massa.
chusotts; o.lio shares. OF the par shtae OF
sioo oach. OF tho capitai STOCK Oh Inc DorcheS-
ter Gas Llxht COMPANY eofpofation OF tho
state OF MASSACHUSETTS; eertihoates OF ihdeot'
cuncS'o tne sa'a hrooSl,he vas h'sne Jun
pahy amounting TO Si'oi'.oo" par Vaiue'
boston ehiteu ans oohas' hrs' series' oear'
rug NV per CON. i"'efes'' p"S"oi" '""'
nary l. 1857 10 inc amount Oh Tl'ooo WV
'lSSa shares Oh the par Valne OK $loo cach. OF
.he ear.tii s'ocS OF the Jamaica ram gas
L.Sht COMPANY u CORPORATION OF inc S'ate OF
ass 'chIsstts' ana tnS entire caHita' STOCK
% the MASSACHUSETTS ilpo Line company, "
corporation OIL INC opa'e Oh MASSACHUSETTS,
IN" certain re"' csIato IN tue Town Oh
Everett hepr tho c'' v 'os'o'' III saiu
"o1'to Vi nias9a'huset's' " aiao oot'"ih oInot
ehhres OF saiu an" otner companies carrying
On business IN saia etato :. massachusetts
ana 10 ehaoio the S"iu Nc" hNslahu Company
u eroe. pants U 'no " 'oAo'
gas ana other similar products upon saiu reai
estate anu o.her .eai esl"'o u eaia "'atoo'
Massachuset's "hich !. nov VIE may he'e-
aiter acquire. OF nave INC rleht 10 oui'a upoh'
;oy purcnase. U u
"hIrDh''' e"fu W" Hnsi"n" No"f
pahy mas duiy eo'ehnnteu In u ny the 'er'nS
i, oi saiu agreehiehs' u ae"'of u inc iiniro'o'
meht Company OF 10 lhe persoh OF persons
hrhi' coparthorship U eofporatloh .ro" "noin
OF wh'ch saiu Improvement companS 'h"i.
oo'"ih saiu ioah' III OF oeioro 'hc mahihs IN
tne eame' the eeeufi'iee anu ProPoft' hetoih'
aitcr mentionea!
NV ihEHhfoi'I II consideration Oh INC
promises ana OF 'pe mutual covenants anu
agreements hereih cohtaihed' the saiu parties
ha'e agreeu anu u y heio'' asreo c"ch Win
the other, as ioilo"s'
l. Inc trust Company agrees 10 loan 10 the
Improvement company inc sum OF Twelve
million dollars @lZ,ooo'ooo) upon the prom
issory note OF said Improvement Company Ia
which reference IS hereby made, dated Decem'
Der l, 1897, payable on tho nrst day oil August
1898, with Interest ct the rate or hVe per cent
per annum from the date thereof ana rs com
pensaCon ana commissions said improvement
Company agrees to deliver to said Trust Com
pany shares owned by 1t or the capital stock o!
said New England Company TO tho aggregate
amount OF two million four hundred thousand
dollars. par value.
II. Tho Improvement Company shall deliver
to the Trust Company, at the time of the
making OF the lonn aforesaid, certificates OF