Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-01-03
WANT THE EGASPLANT
TWO CONCERNS WILL SUBMIT Pc
TITIOxs TO LEASE 1T.
RICHMOND COMPANY CHARTERED.
Major Gintcr and Others Organise
Capital stock to re Not Less Than
$4,000 Nor More Than $500, 900
Mr.. Gays Letter.
Mr.. Gays letter

Two companies. one OF which was char
tered in the Law and Equity Court yes
terday, and the other OF which Is now in
process Of formation. are anxious to Sc
cure the control OF the City Gss-Works.
At the session OF the Common Council. 10
be held tomorrow night. both concerns
will submit propositions to lease tho plant.
II is not contemplated. It Is said, by
those connected with both companies. To
either increase the price Of gas or TO cut
down the wages Of those employed in tho
works. The Richmond Gas Company was
granted charter by Judge K. c. Minor
late yesterday afternoon. It's object Is 10
manufacture. distribute. and sell gas In
this city. The capital stock Is 20 be not
less than $4,000. nor more than $4,000.
and among the directors are Major Lewis
Glnter, Of Richmond. and Mr.. Alten 3.
Miller. formerly OF this city. but now
wel-known gas engineer OF New York
city. who is also president OF the COM
pany.
The following is the fun text OF tho
charter which was granted by Judge
Minor:
TEXT OF THE CHARTER.
To the Hon. =. c. Minor. Judge OF tho
Law and Equity Court Of the City or
Richmond:
The undersigned. desiring 20 form
ioint-stock company under the name ana
for tho purposes hereinafter set forth. DO
make sign. and acknowledge, according
to law, the following certificate in writ
ing:
/. The name Of tho company SHAH be tho
Richmond Gas Company"
Q The purposes for which said company
Is formed are TO buy. lease. establish.
maintain. operate. own. and sell, or other
wise acquire and dispose of gas-works
and gas. and to furnish gas to persons or
corporations: and to that end 10 construct
and extend mains, pipes. and all other
works and structures necessary or con-
venient in the making or distribution OK
gas.
3. The capital stock Of the said company
shall not be less than $4,000 nor moro
than 10000. 10 be divided into shares OF
500 each Said stock shall be divided into
two classes-that is. there shall be pre-
ferred stock and common stock. The pre-
ferred stock shall be entitled 20 n dividend
not exceeding 6 per cent. per annum out
of the cOmpany's net earnings, and the
holders Of said preferred stock shall not
be entitled to any vote In any stockhold-
ers' meeting The amount of preferred
stock 10 be issued shall never exceed one
half OF the total number OF all stock ac-
tually issued
4. The amount OF real estate proposed
10 be held by said company shall not at
any one time exceed fifty acres.
g. The principal Office Of the said Qpm-
pany shall be in the city OF Richmond.
| Va.
6. The chief business 10 be transacted
by the company IS that OF buying, making.
and selling gas for lighting, fuel, and
other uses.
7. The names and residences Of the ofii-
GERS who for the first year are to manage
the affairs OF the company are: Alten ).
| Miller president Richmond, Va; Edward
J. Willis. secretary and treasurer, Rich
mond. Va. Board of Directors-R. A. q.
/ Smith, New York. n. Y; c. H. Dickey
New York. n. r; Lewis Gnter, Rich
mOnd. Va; Alien S. Miller, Richmond
! Va: George Arents New York. y. ~:
| Edward J. willis, Richmond, Va; Phil.
Il. SHIELD, Richmond, Va.
THE OTHER COMPANYS PROPOSE
TION.
It could not be ascertained yesterday
who tho gentlemen are who will COM
/ pose the other company, but the fol-
! lowing communication from Mr.. Ware
Il. Cay, its representative, was received
yesterday morning by Mr. James Caskie.
president of the Common Council:
Richmond. Va, January !. 1897.
| James Caskie, Esq, President OF City
| Council:
Dear sir-Partles am associated
with will submit a proposition relating
! 20 "a Of Ia fah
Gas-Works. which will include tho in
vestment Of upwards Of 100000. in ad-
dition 10 81 O00,00O or more ! have already
been the cause Of bringing here.
The proposition Will provide for gas
AZ not over 81 per 1000 feet for ii,Imu-
mating purposes, and az 90 cents per 100
! feet for domestic heating and cooking.
and q discount from 20 cents per 1000
feet FOR manufacturing purposes, 1t be-
| Ing intended to erect a plant equal 10
any in the whole world. and capable OF
/ practically afording Industrial plants in
! Richmond and Manchester opportunities
equal 10 those enjoyed in tho natural
| gas sections, and much more reliable.
II may not be Inappropriate 10 add
| that the bituminous coal now being
mined and shipped from Gayton IN
| large quantities o. especially adapted for
! gas purposes, and that tho output can
be Increased TO 1900 tons or more per
| day within six months.
The full development Of the Richmond
coal-hed. with an Industrial and con-
suming population at the mines. means
/ the expenditure IN Richmond of many
/ thousand dollars per day IN purchases.
and / may add that for over six years
| our purchases at Wholesale have ave-
ragged over $500 per day, In addition 10
several thousand dollars per month
payroll, which eventually Is largely
expended here by the workmen and
| families
Again. we have had an effect upon tho
price Of coal consumed here, and have
no hesitation IN saying tho Gayton and
Midlothian mines since 1 have been asso-
ciated with them. have saved tho city OF
| Richmond not leas than 10000 per year In
the prices Of coal
when this fact Is realized. and what a
fuller development Of the Richmond coal
field means for Richmond. IL would seem
that a local holpfulness and cooperation
should be awakened and make available
the greatest kind or possibilities natural
lv belonging to Richmond ana Aanches-
ter loufs tiuly'
WARE u. GAY.
mad. of narunin aud Sale.