The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1899-08-31
FRANCHISE is SOLD.
w. H. Schott Sells the Heating Plant
Grant to the Kenosha Light and
Power Company.
PRICE SAID TO BE $4,000

mr. Sehott Refuses to Talk Of the Trans
fer, but says that it was too Big
Business TO be Handled without Cor
poration-New owners File Mortgage
for $50, o00-Work of Installing the Heat
ing Plant Has Begun in Earnest.
A deal was made some time last
evening whereby the heating franchise
recently granted to w. H. Schott by
the City Council of the city of Kenosha
was transferred to the Kenosha Light
& Power company, and the papers an
nouncing the change of ownership in
the franchise matters were filed with
the Register of Deeds this morning.
In the papers there is no way to tell
what consideration was given to Mr..
Schott for the valuable grant, but
from interested parties it was learned
that the Chicago man received the
princely sum of S42, ZOO for the right to
the privileges granted to him under the
franchise.
A soon as the sale of the franchise
was made public Mr., Schott was inter
viewed by a representative of this
paper, but he refused to give out any
of the details of the deal He said that
it was fact that he had disposed of
his interests in the franchise to the
Kenosha Light & Power Company, but
refused to say anything as to the terms
of the deal, or the amount he received
from the company. In speaking of the
plans of the new owners of the fran
chise he stated that the company would
carry out all the plans which he had
formed for the construction of the sys-
tenn ia this city, He stated that the
business had been more successful
than the operators had anticipated and
that the outlook for the company was
so bright that he decided that it would
be almost impossible for the plant to
be run by a private individual and
hence the transfer to the company,
The plan of the new owners is to ex-
tend the system much more than was
planned by Mr.. Schott. The pipes will
be laid to all parts of the city and it is
very probable that the en- tire plant will
be completed and ready for operation
within three months.
simultaneously with the sale of
the franchise the Kenosha Light
& Power Company fled mort-
gage with the Register of Deeds for
the sum of $50, 900, which covers the
consolidated businesses of the company
in Kenosha and is filed for the purpose
Of giving a surety for a new issue of
bonds, which has Just been negotiated
by The Kenosha Light & Power Com
pany in Chicago. From the fling of
this mortgage it is evident that the
company will have abundant capital to
complete all the improvements they
have planned. Mr.. Wakeman, who is
the secretary of the company, states
the plans of the company are to greatly
enlarge their present business.
The old building at the foot Of Main
street will be replaced in the near fu-
ture with a substantial brick building
The addition of the heating plant to
the business of the company will re-
quire the addition of a great many new
equipments and the company feel JUS
titled in making the plant the largest
of the kind in the country.
Work on the heating plant was begun
this morning. at the corner of South
and Main streets. The bitches in
which the pipe will be laid are being
extended in three directions. One line
will run west on South street, one
north on Main street, and one south on
South Main street. The latter pipe
line will be constructed for the purpose
of supplying the residents living on
Park avenue and the company hope
by the construction Of the line of pipe
to be able to put the heat into resi-
dences on Park avenue without dis
turbing the paving on that street. A
large force Of men has been placed at
work on the bitches and it is the pur-
pose of the company to complete the
work as soon as possible.