New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-02-23

n. Philadelphia Company oorgsa5et Way Ar ~
has oor many years past supplied me ci-es o.; F-ssz
and Allegheny and ire ADJACENT towns D, M-v--. E,A
sharpsburgh Asp!nwsll Wi.k.nsogrgn BrA--pcG ~
mersrg sns<vale East Pit,sourgh. Eiy=-7>- Ser
.anville Ingram. Grafton Bellevue al q ~eiee
Immediately aGjacen, Pitisburghl ant a n-rs>-
towns and villages or the Allegheny River RI "a .4
Of the Pennsylvania Rairost and - ne Aa. Z.
p c c & 81 l. Railway. Win nstura. t-ei ga :;
has either directly through Companies con--- y
supplied near.y all tGel consumed ~ rs ts;r-
In ADDITION !ts pipe lines connecting PSo-rs1 A.
sheny aat other towns with IRE nstural .s.K I
owns system % pipes laid II the streets " a. Ss
and towns which OF great value, and Thie1 n. A.
exander 2 Humphreys. Gas EugineeF. rSp'ri e -
adapted Distribution q fuel gas Wheeler -A--l
OF menufacturet
The Philadelphia Company hss recently Ioqsr-. "
purchase - 0. total % o)p' sac. e
ne stock Of the CHARTERS Valley Gas Company u. 80
e-ry 81 which :, has heretofore controlled ~ ~s :;
has recently acquired b. purchase lts" 'As -
o. total ot IS 900 shares % the stock o; ne Ale-y
County Ligb, Company electric which company % 80
the only one supplying electric gh IL TIE eres 4
pt,.s5rsh Al. Allegheny Il hss oontracte: toc .s
purchase OF 81 AS OF total q - 90 seA-o
Of the stock % re Consolidated Gas coG,A-y
q the City 0. Pittsburgh duuinstiSg1 ~ ar .1cssO
o, % preferred stock b. MS sesIH1.
Z, m control The stocks these three companies vaars
are the principal electric light fuel and Illuminating
gas companies IN the Of Pittsburgh ard Aess>-y
TIE Philadelphia Company slso proposes oy az iIsAs
issu. Of common stock 20 acquire tie SAso
common Of the United Traction Company Ok Pif-
burgh a large and important street railway system
rese bonds are secured By q q az -
property rights sra franchises Of the PlSteph's oo-
pany and by deposit with The Trustee Of all TIE x<ss
o. stock Of the Philatelphia Company Of "es EFCrA
maturity Of the Of the Allegheny Heating Con-
pary and the shares acquired las above stately o. 1s
Charters Valley Gas Company and % the Aszhsy
County Light Company. They TTl D. further Secured
deposit with Trustee when and as the s>,s cA1
be exchanged FOR Phllatepha Company Preferred sop
OF the 81 Of tho Common Stock Of ths cnaNs-
Gas Company Of the city Of Pittsburgh Pr0vsz
Is maze for requirement Of TIE oGsiancns sh-s
Of the Heating. Gas and Light Companies above ~
toned which vhsn acquired will come Under the HsS-
gsxe
A. n. result OF q recent examination made b. ten
Of n. accounts the Philadelphia Company -eiss-
ing the Charters Valley Gas Company, the AleshssJ
County Light Company ana the Consolidated vss Coz
pany Mssss Haszins Sells. Certified Flohc Aoeouni-
anita report the net income OF these COM
panies for the year ending December Sist'
1895. to have been 1871 being STILL
57I.s4 in excess of the annual Interest
charge OF this Issue of bonds, or over three
and one-haIf times the amount required to
pay the interest thereon.
Reference 10 asked 20 a certified statement x roocs
PREPARED By Messr. Kaskins Sells Certified Pubic
Accountants and 70 letter rom Mr. Als1AAcsr c
Humphreys Gas Eng1neer which can Re had Al oi
respective otfces upon application
OF The s. 500 90 bonds authorized s., 10000 are ~
served 10 provide al maturity for 5000 o. bns
Of the Allegheny County Light Company. maturing A.
sst l. 1911 and $50 Bonds Of the East End Eleo-
tic IAgh, Company maturing February l. 1913 ire oa-
anc. g. future beS,eruieats IL
and Improvements under careful rest-ieioHs
We ofer the s4OOO.OOO Bonds for subscrtr'
don at 1917. payable March 1. 1893. al
W hitch time negotiable receipts will be IS
sued. exchangeabIe for Bonds when en'
graved.
Application will be made have these B - lsfs
OF The Pittsburgh Philadelphia. Baltimore stock Il
changes
Phiadelphia Company Of the CHARTERS Valley o" coo-
pany the Allegheny County Light Company az; rs
onsolisted Gas Company u the city o. PiisoGrA
III. form o, bond and and issue have Zen
approved by our Counsel. joan @. johnson ESD q
Philadelphia a copy Of vnoee opinion and % - NV
gage may D. seen a. our respective Offices.
The subscription will open at the omces
OF the undersigned at 10 o'clock on the
morning Of Monday. February 27th. 1sS'
and close at 3 o'clock p. W. the same day
Alotnen;s will be made promptly as possible
The RICH, Is reserved 70 reject applications 20 exc
the subscription earlier than said tim. ard 70 AZ
smaller amounts thar those applied for
BROWN BROTHERS & COMPANY.
New York, Philadelphia and Bostoa
.IpyANncD pDoWN cnSc