The daily morning journal and courier., 1899-12-29
MAY INCREASE ITS STOCK
WILL BE AN UNUS LLT INTERES
 ING MEETING.
The Coming Annual of tho Stock h elders of the New Haven Gas Light Company The Meetings Usually Exceedingly VIII llProbabiy be Recommended to the Directors.

Directors.
 | The New Haven Gas Light company's
 meeting January will, it is naturally
 expected, be one of special interest to
 the stockholders of this large, impor- 1 tant and well managed corporation, as
 at this meeting the subject--long in | process of incubation-of increasing the
 company's capital stock will be brought
 up. The annual meetings of the stock holders are very quiet affairs, very much different from New Haven town meetings of other days-meetingS when
 the late ''B. Moves for himself and oth- CTS" and other men of note and activity were apt to be present and figure in
 the proceedings. The Gas companys annual meetings usually pass off so
 quietly and are attended by so few peo-
 pie that nobody would suppose that
 anything out of the ordinary run was
 going on,~ Not that the next annual
 meeting will draw out a multitude, for
 the directors room of the corporation
 is large enough to comfortably accom-
 modate no more than fifty people and
 will no doubt be ample for the pur-
 pose. There have been occasions when
 the late Daniel Trowbridge was presi-
 dent of the company and for that mat
 ter since our equally notable and hon. bred townsman, Andrew w. DeForeSt has
 presided over the company, that a
 handful of men, chiefly directors would
 be the only ones at the meeting and
 armed with sufficient proxies would cast the necessary votes At the coming meeting perhaps two or three dozen stockholders will be present. The com pany has talked of increasing it's capi- tai stock for some time and at this com ing meeting the subject will be broach- ed and referred to the directors for ac- tion No doubt the stockholders will be favorably inclined to increasing the capital stock, as whatever new stock is issued if any, will probably be issued to them at par. The company has long felt that an increase of the capi tai stock would be necessary, as it's plant has been greatly enlarged in late years and it now has double the miles of street mains and pipes that it had only a few years ago and the present capitalization does not adequately rep resent this outlay and expenditure The plant has far outgrown the dimensions of it's capital stock. The company's fuel gas business has very largely in creased, requiring increased outlays and is an important item in the annual accounts and quite a number of fac tory engines in the city are now run by gas. The company's capital stock Is now $l,000,000, representing 40,000 shares of stock of par value of $25 each. Whether the new project will be to double the present capital stock or only add to it. more or less, is a sub- ject to be talked over at the annual meeting and then the new board of di- rectors to be elected a few days later will act upon whatever the stockholders recommend on the subject.
 The company, said a gentleman con- with the Gas company's af fairs is going right along on the even tenor of it's way and wishing well to the big new combination, the New Haven H. company, which deals in electric lighting and electricity for mo- tive power. The Gas company, he add ed, had not been approached on the subject of consolidation with the elec- ric company and has no impulse or yearnings in that direction. Of course here are inducements that could be made that would be considered but the is not bidding for any merger md is well content to sail on it's own <eel and take care of the interests of ts patrons and of it's stockholders with ut becoming ambitious.