New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-19
Total Amount Of Mortgage, S5,OOO,OoO.
MARYLAND TRUST COMPANY, BALTIMORE,


TRUSTEE.
These arc Coupon Bonds $1,000 each 10 bearer Win
privilege Of registration OF principal OF both principal
Principal ard interest payable in gold coin OF the
United Of equal to- the present standaa oil
weight and nneness withou, deduction CT any Oni'eu
States State. County Municipal tax or taxes. which
said gas company assigns. may he re-
ou,red to pay deduct. retain heretrom under any
present or future sa,i agreeing to pay
such tax
The CONSOLIDATED GAS COMPANY OF THE CITY
or PITTS BURGH incorporated May 10. 1871. charter
perpe,usD OF the franchises and property OF
the following Pittsburgh Gas Companies;
CONSOLIDATED GAS COMPANY,
PITTSBURGH GAS COMPANY.
EAST END GAS COMPANY. and
FRANKLIN GAS COMPANY.
II also owns all the bond. and AL the shares Of
OF the ALLEGHENY ILLUMINATING COMPANY o. The
City Of Allegheny which latter company Is the owner OF
all property. rights and franchises Of tho ALlh~
GEENY GAS COMPANY
These companies. the SOUTH SIDE GAS COM
PANY. which supplies tie district south OF the Monon-
gahea River oons,iut. all the manufacturing COM
panies operating the cities Of Pittsburgh and Allegheny
Tho right manufacture in tho two cities
We advised, is vested in them.
The CAPITALIZATION OF the CONSOLIDATED GAS
COMPANY Is as follows:
Frs, Mortgage SO 10 Year Gold Bonds. s. 10000
6ce Cumulative Preferred stock with the provi
sion that dividends must be paid II earned. $500 ooo
Common Stock 100000
O, which has issued s5Oo0'o Of the Pre-
Stock which far the he required
IN the acquisition Of the South Side Gas Company Will
used Any portion OF the $4,000 Preferred Stock
remaining after such acquisition may Re used from time
time for additions! improvements or extensions
The bond. offered secured by a nrst mortgage
all the property-resl persona. and mixed-of the
Pittsburgh Companies and further secured By
the pledge Trustee Of the 81 900 900 First Mort
gage Bonds (al tha bonds the 100000 Capital
Stock (a the stoci) Of the Allegheny Illuminating Com
pany the City OF Allegheny
a a.
Tonpkrs expert accountant " Baltimore the accounts
OF the several companies were examined by him. tor
Us prior their constellation with the following
per reported by him Tor the years 1891 1891
rcusive;
EXPENSES %'o'-' -
NET EARNINGS. Observation-Disclosures 4ls 2i2 as
l. will be seen from The above statement that without
the advantages which may fairly anticipated from
consolidation these companies have during pasi
years earned average suHlriert 10
81 interest the 100000 bonds ard c." DIVIDENDS
the s.. 5ooOO Preferred Stock OF Consolidated
Gas Company
In addition report Of Col Tompkins We ask
Mr.. +. II Hamblet,n o.. Bniiiu.-e. Expert q his
report upon the er'~n. situation condition output.
values etc. Of the c1mpanies consolidated
viii be observed that Mr Hem the pre,-
en values Of the real hl.ling, plant pipes
meters and services franchises and business esst
rshei, at not Jess inan ss.WDoOC"
1,5OO,OOO bonds of the above Issue having
been taken Investment -, former
owners OF the constituent propertic>,. we
now oncr the remaining SanG.Goo bosd. for
ipttOn tOG and accrued
payable Tuc~day, June 2Sth, i~D~. when the
bondr Will he ready for delivery.
Application VIII :" made - have th'e" bonds ls'ei
,hc Baltimore. Philadelphia. Ani Puatnrgh Stock
Exchange.
All erales connected With the constellation form Of
bond aai mortgage. and been approved by
our COUNSEL John q. Johnson. E'q o. Pliatrlihla. ii
copy o. whose opinion me mortgage may seen
a; respective ofrces.
The subscription will be opened NJ the
Offices Of the undersigned, ut 10 O'Clock on
the morning Of Wednesday, June nd 1899.
and close At > o'clock =. II. ON Thursday
June I'D. 1898.
Aliomtnts wi! ~ made promptly possible
The right Is reserved go iel-rt AFFILIATIONS close
the subscriptions cartier than snid date, an!
TO a'ioi smaller amounts han 'te4 applied f.f
Copies the Prospectus &c may he o.fl ned a, our
o:rces.