Evening journal., 1897-09-14
ADDICKS' GAS SCHEME.
LAYS HIS PLAN BEFORE PHlLADEL-
PHlA'S MAYOR TODAY.

PFlA'S MAYOR IO-DAI.
HE POLITELY DECLINES TO
STATE THE TERMS AND CONDI-
TIONs OF, THE PROPOSITION.
WHAT A PHILADELPHIA CAPI-
TALIST SAYS.
Philadelphia, Sept. 14.-The scheme
of j. Edward Addicks to lease the city
gas works, which w. w. Ward, solicit
tor of the Bay State Gas Company,
promised the joint committee OF gas
and finance at the meeting yesterday
afternoon would be submitted TO uhe
mayor last evening, has not yet been
placed in the mayors hands.
Mr.. Addicks WILL however lay his
plans before the city's chief executive
to-day. 1t was a slight delay in get
ting the proposition printed that caused
this postponement. The printed mat
ter came from the printers to Mr.. Ad-
dicks office, in the Harrison building,
at O'clock last evening but it was
then considered too late to send 1t to
the mayor.
Mr.. Addicks politely declined last
night to say what were the terms and
conditions Of his proposition, and he
Will not make his plan public until it
has been placed in the mayors hands.
IL is understood that Mr.. Addicks
will make two propositions to the CITY,
one in the name Of the Bay State Gas
Company and the other individually.
The former proposition Is said to fol-
low the wording of the lease submit
| ted by the United Gas improvement
Company, but the rental offered Is
somewhat larger and the terms offered
the city more advantageous. 1T will be
placed in the mayors hands late this
afternoon, and will be sent by him to
Councils at the meeting next Thursday.
Mr. Addicks also proposes to appear
before Councils at the same meeting
and submit an individual offer Non his
own account.
When Councils meet on Thursday It
is likely that at least one more propO-
sition to lease the gas works will be
submitted for consideration. One offer
will be made exclusively by Philadel-
phia capitalists and business men, and
it is said that it will be far more adj
vantageous than the other offers. The
company is being promoted by Jacob
Il. Ridgway, president of the Quaker
City National Bank.
When asked about the proposed cor
poration and the contemplated offer u
lease the gas works Mr. Ridgway said:
ut is true that there will be another
offer made to lease the city's gas works
one that will be entirely distinct from
the offer now being considered by &
committee of Councils, and the pro
posed offer OF j. Edward Addicks, o
] | IL. 81 10
ware, which will be far more advan
tageous to the city than either of th'
two mentioned. The terms of thi
lease and other necessary matters con
nected with It are now being prepares
and will be completed in time for sub
mitting 1t to City Councils on Thurs
day
Il do not care to say at this tim
who are The corporators Of the com
pany. but they are all reputable an
responsible business men Of Philadel
phia, the very names of whom will nc
4 quire the giving of attention to tn
e proposition. They are not promoter
q nor spectators, but solid busines
i men. who think IL the gas works ar
to be leased that Philadelphian
should control II, and shoul
give to the city and citizens as advan
tageous terms as are possible, and re
| turn fair interest on the money in
. vested.
For this reason we believe we ca
. make far better proposition to tn
city than has been made thus far. Gu
offer will come from men who ar
= known to be able to fulfil what the
|, agree to do. who are Philadelphian'
: and have the interest Of the city a
y heart, and whose regulations are sue
4 that the public have confidence i
. | Them" A"