The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-03
4 Company Of Which Mr., Cinter Is a
Member Organized
FOR PURPOSE OF OPERATING A PLANT.
Nr. Ware B. GAY Submits Proposition 10
the President of the Council 20
Iease the Plant-Other Pro-
positions Probable


Iudre Minor. Of the Law and Equity
Court. yesterday granted a chaf'er 10 d
new company composed Of Measrs' Mill
ier. Glnter. Arolts. and others to operate
gas plant In this city,
Tho following IS "a copy OF the peutioh
made 90 Judge Minor for the charter
which was so granted:
TO the Hon. /. e. Minor. Judge OF the
Law and Equity Court. OF Rbhmond'
Tbe Undersigned. desiring 20 form n
ioint stock company under the name ana
FOR the purpose hereinafter set forth, do
make. sign and acknowledge. according
20 law. the following ee'uhcate ia VIII
ing:
the Richmond Gas Copany.
2. The purpose for which said Company
Is formed are 20 buy, lease, estaD.lsh'
maintain. operate. own and sell. or other
wise acquire and dispose OF gas works
and gas and TO furnish gas 20 persons or
corporations. and 10 that end 20 con-
struct and extend mains. pipes ana an
other works and structures necessary or
convenient in the making or distribution
OF gas. -
THE CAPITAL STOCK.
T. Tho capital stock Of the said copany
shall not be less than nifty thousand doll
lars nor more than five hundred thousand
dollars. % Doe divided into shares OF one
hundred dollars each Said stock shall
be divided into two classes. that is-there
shall be preferred stock ana common
stock. The preferred stock shall be en-
titled 10 a dividend not exceeding six per
cent. per annum out of the cOmUany's net
earnings and the holders of said prefer
red stock shall not be entitled 20 any
any vote IN any stockholders meeting.
The amount OF preferred stock 10 De ls-
sued shall never exceed one-hdll OF the
total number Of an shares OF stock acc
tually issued. Tho amount Of real estate
proposed 20 be held by said company
shall not az any one time exceed fifty
acres.
5. The principal Office Of the said COM
many shall Doe In tho city Of Richmond.
Va.
o.. The chief business 20 be transacted
by the company IS that OF buying, max
ing and selling gas for lighting, fuel and
other uses.
THE OFFICERS.
7. The names and residences Of the
officers who for the first year are 10
manage the affairs Of the company. are:
Alien s. Miller. president. Richmond.
Va: Edward j. willis. secretary and
treasurer. Richmond Va. Board of Di-
rectors-2. a. c. Smith New York. y. ~;
c. II. Dckcy. New York. n. r.; Lewis
Gintor. Richmond. Va. Allen S. Miller,
Richmond. Va: George Arcnts. New
York y. y; Edward J. Wills Richmond.
Va; Phil b. Shield. Richmond. Va.
To APPLY FOR 4 LEASE.
II IS understood that the new company
will present 10 the Common Council on
next Monday night a petition TO lease the
city gas plant: II is not known what
terms will be offered tho city. or at what
price the company purposes TO furnish
gas. I'm conversation with one or the
directors last night ne said the new COM
panv would certainly not charge any
more for gas than ie now charged by tho
city. and tho probability IS that their
prices will Doe lower. we purpose giv-
ing better gas" said ho. "and we viii
guarantee 10 give fhe public a satisfactory
service i'm every way
MIR. GAYS PROPOSITION.
The regular meeting OF the Common
Council Will no hold tomorrow night. and
IN addition 10 other matters That body viii
have 90 consider ono or moro propositions
20 lease the city Gas Works. The follow
Ing communication received by Mr.. Caskie
yesterday explains itself.
Richmond. Va. Jan. I. 1897.
James Caslde. Esq. President Of the
City Council
Dear Sir.-Partics 7 ann associated with
will submit q proposition relating 70 the
lease or sale Of the Richmond Gas-WorEs.
which will include the investment Of up
wards of a million dollars in addition 20
million OF more I have already been the
cause Of bringing here.
"The proposition viii provide for gas
az not over 81 per 600 feet for illumnat-
ing purposes and at sd cents per 900 feet
for domestic heating and cooking ana
discount from ao cents per 600 feet for
manufacturers purposes, 20 being intend
ed 20 erect "a plant equal TO any I'm the
whole world. and capable OF practically
anording industrial plants I'm Richmond
and Manchester opportunities equal 20
those enjoyed in the natural gas sections.
and much more reliable.
1T may not bc inappropriate 10 add that
the bitumuous coal now being mined and
shipped from Gayton in large quantities
S. especially adapted for gas purposes.
and that the output can be increased TO
1000 tons or more per day within SIX
months
MONEY FOR RICHMOND.
"The fun development Of the Richmond
coal field. with an industrial and con-
Stunning population az the mines. means
the expenditure In Richmond OF many
thousand dollars per day I'm purchases
and I may add that f0r over six years
our purchases at wholesale have averaged
over sem per day. I'm addition 10 several
thousand dollars per month payroll.
which eventually is largely expended here
by the workmcn and families.
"Arain. We have ha1 am effect upor
the price of coal consumed here. and I
have no hesitation fro saving that Cavtoo
and Midlothian mines since have been