The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1898-01-20
A SUCCESSFUL ENTERPRISE.
The Henderson Electric Light and
Power Company.

Power Company.
The GOLD LEAF has heretofore
remarked upon the rejuvenated
cond lion of the Henderson Electric
Company, and the Improved service
given under the present management.
The plant has been greatly strengthen
ed at every point until now it is be-
lieyed that better lights are not fur |
nished anywhere. This is in striking |
contrast to what it was previous to
within the past two years. Up to that
time it was anything but creditable to
| the town or satisfactory to patrons.
But Notwithstanding the long period
of disasters through which the plant
has passed, it has risen Phoenix like
| from It's ashes and has now become an
institution that we can point to with
pride and satisfaction. Not only this but
it is also earning fair profit for its
owners, as we gather from the report OF
the president OF the compauy Mv> c.
Y, Bargamin. recently made This Ia
practical evidence of the appreciation OF
the citizens Of Henderson of business
enterprise. aud it is very gratifying to
be able to report the fact. In the re-
port of President Bargamin, referred to,
he says,
After deducting from these items the
amounts paid on account OF purchase
money, interest permanent improvement
&c. find the actual transactions OF the
Company for the fiscal year to be as fol-
lows:
Gross earnings, o,ooa.oo
Current EXPENSES, 4.3S7 so
Net gain, F,42oo.
At the beginning OF the year we had 81
customers on our books; at the close,
90 On December 9Th | was in Hender-
son and was up nearly all night two
nights and during the time kept con
slant watch on the lights. For bril-
liancy and steadiness have never seen
, their equal and was told by number
of our customers that it was on par
, with any other night in the year. VI
course, this has not been accomplished
without considerable expense and
{ | trouble and the expense OF construction,
+ renovating, &c, has prevented our pay
ing off the balance due on the purchase
: money For this purpose and Tor the
/ | purpose OF extending and improving the
o plant to meet the steadily increased de-
: mand, recommend the issue OF $4,000
e of first mortgage bonds bearing per
q cent. interest per annum. The placing OF
q these bonds would enable us to make
, this one of the best, if not the best, pay
/. ing plants in the country, and no better
= investment could be found than the bonds
themselves.
It is the intention of the company,
! as we learn from Superintendent
Bridgers, to purchase new oO-horse
power engine of the latest type, with
O improved sensitive self-regulating gov
y ernor, among other things. With such
II an engine there would be no change in
= the variation and the result would be
n to give a steadier light aud consequent
: ly a still more improved and satisfac'
tory service. And aside from the pur
pose of the company to provide thu
very best light it is possible to produce
tho growing demands Of their customer
make it necessary to put in new ant
IL IL larger engine in order to increase thel
" facilities. The plant as it now stand
le is loaded to almost its full capacity-s'
e: much so that the management Is no
10 exerting itself to increase the bushes
until they are in better position TO han
die it.