The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1898-12-01

BIG GAS CONSOLIDATION
All Companies In Hudson
and Essex United Tn One
Big Corporation.
HAS 4 CAPITAL OF s22,5oO,oOO
Articles Of Incorporation
Filed in the County
Clerks Office at
Newark.
Especial 10 ..The Jersey CITY News. II

Consolidated Gas Company yesterday as
s,,nea control ana beca,nA awner ~
formal transfer OF an the properly, risnls
and franchises of the Newark Gas Com
nany crange Fast Orange. Harrison and
1Tast aJ,sa,,
East ne vank gas companies, al con
troIied for the last twenty-five days by
INA svn44jea4a ~ whjeh Senator lanes
& I.
oiiAith Mas the ieauihg spliat. aiau y sile
Peoples Gas Company OF Iryington.
Bloomfield ana Montclair and Summit
g,,,,,l..1
by what was known as the Philip N.
Jackson svndicafe
Tba - as,,,;t.,13ua4fo,, ~ tba savaral
+ X ! = t~ :. IN { $
operating companies included IN the con-
sclIdatfoa was prior to September 1895,
~ IA ioe az fbis ama,,nf ~ aoo oao renr,
80 - s-sss0,.sO
sented the total capitalization OF the Old
Newark and Citizens Gaslght companies,
,sh,,sb ,vsras lots,. ,oareaa with . cani4al-
"ias4i )" g iassa iiei 5sel "i'i' q -
Of the other operating companies WAS
$685. SOe and the price paid for them and
control Of the Oxy hydrogen Gas Com
pally charter. was $l525, 900
Exclusive of the Oxy-IIydrogen Com
pany's charter, the total capitalization
Of all the property involved was, as
combined Capitalization of the consoli-
dated companies
In September 1885, the capitalization Of
the properties then operated Was IN
creased $1,000 ge9, or from 81 2S5, 800 70
S.. .:ss;35. SOC From September. 1895, to Au-
gust 1888 a further increase Of $3,2 100
was shown. making the total captalza-
ton $s 625,e0G. From August until the
present time. Including the acquisition
of the Oxy-fIydrogen Company charter.
the lease to the H. G, l. and tne formation
of the new opera ting company there has
been a further increase of Sl3. .S75, 600 In
the authorized capitalization, making the
total $zz. 500,00G, or 900 Per cent IN three
years.
The Newark Consolidated Gas Com
pansT, while not formally organized. has
been in existence since November D
when the list of directors and officers
as agreed upon was published IN The
Jersey City News The first official act
of the new company after the formal ac-
QUESTION of its property will be the re-
election Of those officers ard directors,
who win be as follows:
President Thomas A. NeviIls; vice
president William ScheeTer secretary
and treasurer, Czaf H. McCarter, direc-
tors. Thomas A. Nevins. Ebenezer c.
Hay. Adrian Riker, Thomas n. McCar-
ter, Jr.. William Scheerer, Edgar Ward,
Jerome n Taylor Jeremiah CsRourke
and Arthur D BAH.
The new officers and Board of Direc-
| tors win meet in the company S office to-
snarrotg and after, ceinnIafjng the rou-
tine of ORGANIZATIONS execute a mortgage
for SO 0N)0O0 to the Fidelity Trust Com
pany as trustees to cover the $l0 900, 900
four per cent. ifty-year gold bonds,
sua
Of the authorized bond issue a total
of Ss 625.o00 has already been ordered
and President Navif1s and Secretary Nc
Carter we're busilv engaged yesterday in
J sfsiyinsy Heir s1ss,9atllrss ana the seal Of
~ cnTnnanv Id those bonds
Ea,ir million Of the total will be held in
,es S,sve FAR fhe retirement Of the $4 COO eco
ffftv-veas gold bonds of the old Newark
Gas Company, which have forty-five years