New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-02-24

The Philadelphia Company organized May 24ih 1880
mas for many years past supplied the cities Of Pittsburgh
and Allegheny and the adjacent towns OF MilVae htha
sharpsburgh Asplnwal. Wikinsourgh Braddork' VII
meriing swissvale East Pittsburgh. Edgewood. sheri-
danvie Ingram. Grafton. Bellevue (al Of which are
Immediately adjacent 10 Pttsbursh and number Of
towns and villages on the Allegheny River. on the line
Of the Pennsylvania Railroad ARD on the line OF the
p. C. C. a. l.. Railway, with natural 0ueD gas. u
has either directly or through Companies controlled By H.
supplied nearly all the fuel consumed IN this district
In addition its pipe lines connecting Pittsburgh Ale
gheny and other towns with the natural gas heidt Il
owns system 4 pipes laid IN the streets OF saa ces
and towns which Of great value. and which MI Al
exander C.. Humphreys. Gas Engineer reports 10 Dc
adapted 10 the distribution Of fuel gas "he'hef ha'u'a
or manufactured
The Philadelphia Company mas recently acquired by
purchase 20 Of total OF 10000 shares Of
the stock of the CHARTERS Valley Gas Company the prop
erty OF which u has heretofore Controlled by lease j.
has recently acquired purchase AeD shar's oU
OF 1900 shares ~ the stock OF the Allegheny
County Light Company electric which company Is ~"
the only supplying electric light IN the cites %
Pittsburgh and Allegheny II has also contracted 10Y f
purchase Of 81 43s Of total issue Of 500" shaes
OF the common stock Consolidated Gas COMPANY
OF the civ OF Pittsburgh illuminating by an exchange
u lis own shares preferred stoG By this acquisition
will control ocks Of these three conpahles WHICH
are the principal electric light fuel and Illuminating
gas companies In the cities Of Pittsburgh and Allegheny
The fn4iaIt4pA4a OnldNN d4s' ptNf'o''f ~ 80
issue Of It's common stock. acquire the shares OF
common stock OF United Traction Company OF Plus
burgh a and important street railway system
These bond, are secured hrs, mortgage Of all tnH
property rights and franchises OF the Philadelphia tom
pany and by deposit with the Trustee OF all the sh"'e'
OF stock o, the Philadelphia Company Of West virginia
a majority OF OF the Allegheny Heating tom
pany and the acquired as above stated oil '"@
Charters Valley Gas Company and OF the Alesn'"'
County Light Company They will be further secured ny
fbe Trttefe fvL
be EXCHANGED for Philadelphia company Preferred s'ocN
Of the 81 Az shares Of stock Of the 'ono
dated Company Of the cry of Pittsburgh II'F'S''
is made for the requirement of the outstanding shares
OF the Heating Gas and Light Companies above men
toned which when acquired VIII come unHeF ''' "''
gage.
AZ the result OF recent examination mace N '"'"
n, the accounts Of Philadelphia company Hn'iua
Ing the Charters Valley Gas Company the Allegheny
County Light Company and the Consolidated Gas Com
psnv Me.srs Hasklns & Sells Certified Public Account
ants report the net income OF fhcse con"
pnnies for the yenr ending bec'"""r "ls'
IsOs. 10 hive been o7i.3'1.s'' "rin9 e''i'-
57Ist In excess of the annual interest,"
cn,r,-. NJ ,ht. Issue of bonds. or over three
md one-hnIf times the amount required y"
pay the interest thereon
Reference II asked o. certified statement of income
nrens-ed ~ Me.s-s Haskins sells Certified Pubic
,,o,,-,.,.s and ,o A letter from Mr Alexander g.
Humphreys. Gas Engineer. which can be h"' Al "'
respective Offices upon application
OF the 81 800 900 bonds authorized. slppoo are -
served 10 provide n maturity FOR 100000 90 h1has
Of the Allegheny County Light COMPANY matui"B "N
elst 1911 and $500 0OO Bonds of ne Easi hnh i''e'
,r,c I,gh, company maturing February J. 1919 the bal
anoe 81 $1,000 are reserved for future oeiefnehs ~
,ensons and improvements under careful restrictions
We offer the si.OO0.OoO Bonds for subscrip-
zion nj IO=lz. payable on March L. iH'"' al
which time negotiable receipts VIII ne ~
.ucd e,chnngenbic for Bonds when en-
Gruved. -. ,..4
Arnncstion will he made TO have these p ms l"''"
on The Pittsburgh Philadelphia and baltimore STOCK hN
changes -. 49,
7,e i.qali,les connected with the requirement oy me
phn,delphia Company Of the Charters Valley Gas COM
many the Allegheny County Light COMPANY. ana 'he
consolidated Gas Company of the city OF FlttSou's"'
tn form o. bond ana mortgage. and issue. nave usH"
q ,prov.d hy our Counsel. John q. Johnson tsq' o.
Phlafclphia 4 copy whose opinion as Of the NOR
rnse may To-. seen fl respective Offices
The subscription will open at the omces
Of the undersigned Mt 10 o'clock on the
morniug of Monday, February 21th' '-""'
and close AT 3 O'Clock y. VI. the snme day
Allo,fnents vii he made promptly az possible
The right f. reserved reject applications Z" close
the ,ubscripton earlier than sad time. and 10 ail''
smaller amounts than those applied for