New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-05

DIFFERENT VIEWS AS TO THE RELATIONS
OF THE NEW ORGANIZATION AND THE
NEw-ASIsTERDAM GAS COMPANY.
Whether or not the agreement effected between
me Consolidated Gas Company and the New-fork
Gas and Electric Light Heat and Power Company
marks the beginning OF the end OF the local gas
var IS stfl 4 matter OF dispute IN Wall Street
On the ere hand IL is declared that the Consoli-
dated Gas Company can take over the Standard
Gas Light Company whenever II chooses, and It
Is assumed that as Anthony \. BrsCy who IS
president OF the New-York Gas and Electric Light
Heat and Power Company. Is also leading mem
Der OF The Board Of Dir ztors OF the New-Amster-
dan Gas Company. in which Board ne is
-iafed with H H Rogers. Of the Standard oil Com
parv some understanding has been reached under
wrich he New-Amsterdsm company also will en-
Ter the combination But. the other hand off,
ce-s e The New-Amsterdsm company assert that
the developments Of the last Gay Two viii have
70 erert upon the local gas situation and the COM
PAN aruoU-ces through its president. General
James Iourdan that il purposes producing cleo
rr.-i-y as well as gas President Jourdan said yes
rerday. quoted
e have mace plans TO 90 into the electrical
c-sireSS- The franchise Of the East River Gas
Company. which < owned by the New Amsterdam
Gas Company. gives IL the right TO handle cleo
t,t-t-y as weT gas. and Furthermore. the special
49, witch wss passed by the Legislature IN 1882
..S-5=:-s for electric wires So We are not de-
pendent upon The subways: which are controlled
SSr=--r-v - on using the existing sI.bwavs We
have rad experts drawing up plans for an cleo
--f~qt rTaur be built the other side Of the
rvs- and estimating the cost Of establishing cleo
rre xires throughout that section Of the city that
may want 10 cover
An examination Of the special act referred TO
5- General Jourdan seems 10 show that the COM
nary Is fully empowered 70 go into the business Of
producing electricity and supplying II TO consum-
ers in rhis city The which Is Chapter S3S
T the laws Of 1872. says II part:
The East River Gas Company. Of Long Island
City snail have the right. and IL Is hereby en-
Of Nev-York. and for that purpose IS hereby au-
- = '1-SF-a-oa - iav - T1agr+afr rsc1,sf+a
conductors and mains and pipes through and under
I'D for the purpose aforesaid such corporation
sral have me right, and Is hereby empowered, 70
lay and MAINTAIN such conductors, mains ana pipes
Z. der and across the East River and across any
n rNeIhe land oeIohslle 70 me - OF = ~ %
-erIline. provided however. that such conductors,
20 70 - Or gr ne s-e e-s' xi+boiIf the
consent OF the Secretary Of War.
TIE act further provides that the company shall
pay into the Sinking Fund OF New-York City 3
per cent annually % its gross receipts from gas
furnished by II. but il makes no provision for q
tax on the sale Of electrical power The COM
pany must conform 10 all such general and pri-
vate and local laws IN regard TO the laying and
maintaining OF electrical conductors as are ap-
picable in the City OF New-York'; but this pro-
vIsson Il was pointed out yesterday. would not
prevent il from installing its wires as the refusal
q IFS application By the city authorities could be
overcome By a resort 70 mandauus proceedings.
Directors Of the Consolidated Gas Company said
Yesterday that il was still too early 70 say what
form the merger with the Sew-York Gas and
Electric Light. Heat and Power Company would
finally assume TIE gas company. II is understood.
z51 isEue securities Of q class not yet announced
in PAYMENT for the electric company; and II was
ramored yesterday that both corporations might
be absorbed into the Astoria Light Heat ana
Power Company. which Is controlled by Consoh-
dated Gas interests. The Astoria company re-
-1,- secured The sixteen or twenty acres OF land
under water or the Long Island shore, for whicn
4 rad long been contending, but il has not yet
re rizht 10 construct and tunnel under the East
River right which II is said II Will ny TO OBTAIN
f-orn me Legislature this winter through the pas
sage Of an act substantially Identical with that
pessed in the interest Of the East River Gas Com
pany in 1892