New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-22
DIG GAS COMBINATION.
So FOR CONSOLIDATING COMPANIES
A' ~ OHIO AND INDIANA
CONCERN TO BE KNOWN AS THE
sr Ne" Union GAS COMPANY
AND TO BE INCORPORATED
AT TRENTON.

IN TO BE INCORPORATED
AT TRENTON
..,me known Yesterday mat p,' ,n,o one
+ e'~.-tec,ed for the consoho1',on nv oor,.
rsarg p.,ra,ion Of a large nu'lpe, VI na
ssai 'o' central and Southern lhu,an" @m as
,snis' u .,,,,ne illuminating gas na'u'u' 80
osio con" ,tshting companies, prope'''eS'
,ss elec'''t ,.orchises in that region. Inc nv"
.sa,s ana IN - Incorporated at Trenton. uhoer
,,rpany j .,o central Union Gas company
~ title u m authorized capital OF soV'VVV'-
nd is 10 na ,.s $40 900 will be per cent
an Of W''0-. .,orrcd stock and S30.00O'OOO com
,snula'N ,rne consent Of the owners OF 'ne
H ron sto'A a bonds Of the following eleven
e@ s to the plan OF ,om Gas COMPANY.
c'rFsll's. secured The Dayton Gas Ool'ip"".'
rssiy feeI city Gas Company the Covihe
cs 1ipp' -'.,oany. the New Western Gas I'm
a. Gas O, ,.aua Gas Company. the sidney Gas
ysny 'n' 80 Troy Gas Company the 0p''"e
company w ~. the Urbana Gas Company
fed Gas 'I charleston Gas Company ana the
tie s,s,ling Gas Company .Ao stock
yosni ST. - n majority Of all the So
The as, - the following six companies - s -,
eri fona' - ,esn obtained; The Indianapolis
ais .Vr,,f-
pan has as .he Indiana Natural ana lilui''
Gas Coip''- -...-arv the Fort Wayne Gas Oo'i'
rsiins Gas 80 '.rs,or, and Wabash Valley Gas
pay, the Lafayette Gas Oo'''p'''''
c'"pan;s' indiana Gas COMPANY ,o,,ors o,
oS0 AM r,ar has been issued 10 ,ne "o s,r com-
'''u' a,,e stocks and bonds OF the s'N oy.n
he T'Da a., named. asking them 70 enS com.
psas' las' ..,rs holdings for preferred anu 0o".
their resp .he Central Union Gas Coiipan''
non s'ocN ,orms which are declared III '',0
upon sps''','~ .,,,nauv to be 20 the distinct az
case Of s',, .,on stock and bond holders
vantage =. rorDents for consolidating al 80
The sl'@-s in charge Of the following wen
companies .,.-s several Of whom are prom
known -.,s.5 with Gas interests IN 'ne Luz.
ntn'y '''.''' l,,,or,es T. Dieterich Anthony y
1obn Sloane, Samuel io''''''
r,.,; and Samuel Thorne' u.or.s, are
bsn'l' craanough. Of No. j. "a''-s''' -
VOW h,rlkers for the new corpora''o'',
a''ns ,.s,.i2e6 capital $5oo0Ooo preie''eo ~
ihs ooo common stock Will be retained -.
l'' - ~ nroyide for contingent hreu' Va
'N ,,r,nanv for the purchase OF cum
Ur ,r,rs-r,es and plants In addition 10 II.
I'D''. .,,,,ories included IN the piese"'
4 .,- extensions and Improvements
r..,-s, Trust Company OF TINS Guy % 1t
s.,.,,.o-y and trustee 20 carry Out 'n'
- ,la, A syndicate has oeeh 1o' '''N
.,cbarga Of the stocks and oonds u
....ao, comrarles named into the pre-
4 =, "a Common stock Of the Central Ono"
49,. c,r,,o,v and 10 secure the delivery VI
.,s nroDerties. plants and franchises o' ''''''
eor,panes 20 the new company .Ao
~. ,o,5ers NJ the stocks and BONDS OF '"'
..,,,,,rsnt companes are 10 take their pay ',
- .v,o,, NJ q majority Of both in preterreu
"a oo-,rnon stock Of the new COMPANY ~
,-ovido for the contingency OF some Oh ''ie
,o-,,v security-holders Of the six constituent
cc-,nanies not yet entirely committed 10 w
vIo, ~s,ustrg TO assent TO the consohdauoh IN
p'aI ,, has ed 10 Poor & GreenOugh So
~ 900 - nreferr4d stock which is oiIefed 10.
s,ch subscription AZ par with an equa amount
q common stock -. ,ro,osed
The constituent companies or the PROPOSE.
combination are now showing aggregate ns'
ysa,ly earnings OF about S2IJ0VO. sum SUM
.c,s,, N Droyide for dividends at : per cent on
4 me s95NNNOo0 preferred stock and per cei''
8 on the $1,000 600 common stock which VIII ne
a issued In payment for these properties ana II
Is sYnoctsi th2r the net earnings Of the new
Il COMPANY VIII N" Lll@lttlltloiif To- =
a The economies In office administration. field eX-
penses and mechanical operations which can n"
Effected after the consolidation In addition
B 10 the real estate pipe systems machinery pat
q tnt processes plants and acetylene rights OF
i ihsss companies the new company VIII nave
q 1920 acres Of land under lease for gas and
81 al purposes The gas il now being supplied
from go wells and ample resources for the ad-
dltonal supply OF natural gas 70 an unlimited
extent exist in undeyeloped fields and terri
tories
Application is 20 he made % the New-Nork
Stock Exchange 10 list the preferred and COM
non shares Of the new company as soon as 1t Is
Constituted