Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1900-10-18

New York Commercial October 18th.
The exhaustive account published In
the Commercial yesterday of the mysti-
flying billion dollar Pay State Gas Go.
was read with particular interest by
the brokers en- the curb market, where
the company's stock, par value, $50,
continues to be a more or less active
feature at quotation fraction above
81.
Boston was reported to be a heavy
buyer of the stock on Monday and
Tuesday, and on the appearance Of yes
local following developed for the New
England metropolis contingent
Boston was believed to be in posses
sion of inside information Of value, and
acvices received from that quarter
have led to the belief by leading out
side broker that the Standard Oil Co.
at last is to clcse the deal by which, in
addition, as now, to operating the Bcs.
ton gas plants of the Bay State Gas Co,
it will possess its remarkable charter
as we'll. !.
What Mr.. Addicks will get in return
has rot yet definitely appeared. Itwas
said yesterday that his undying amti-
tion to get into the United States Sen
ate will have better chance of reali-
zatinn if be makes his peace with the
powerful STANDARD Oil clique, which
in this memorable fight has been led
by II. H. Rogers. The fact that Mr..
| Addicks has succeeded in pacifying
numerous h elders OF Bay State Gas
stock, who had been threatening suits
at law was cited in support of the the
ory that arrangements are actively under
way for the surrending of the charter.
| TALKED OF LEGAL ACTION.
About two months ago coterie of
disguised New York holders of Bay
State Gas stock began talking OF legal
action against the Addicks crowd.
Since then several of the leaders in the
affair have grown cool. for reasons that
can only be imagined. These aggress-
i've stockholders, it must be remem-
bered, control large blocks of securities,
and il anything ever comes OF bay
State Gas they viii! have to be settled
with.
They have prior rights by virtue Of
the fact that their holdings represent
the earliest issues of stock. They are
as willing as ever to have revenge upon
the promoters of Bay State Gas. but
less willing to forfeit opportunity fol
settlement on terms that might let them
out even on their original Investment.
One thing is certain, the mass Of
litigation hostile to interests of Bay
State Gas Is being "held UNI in thu
courts OF Massachusetts and elsewhere
and such delays are not arranged with.
out denfinite end. Certaio attorneys
identified with the interests of militan
stock and bondholders in old suit
lately have shown surprising apathy II
the prosecution Of their cases, and con
siderable surprise was occasioned las
week by the report from Wilmington
that two of the erstwhile most bite
legal enemies of Bay State Gas bat
been called off. They still maintain
nominal hostile attitude, but it Is no
thought to mean anything.
!, REASON FOR STOCK PURCHASES.
"There can be no other reason 70
tho buying of Bay State Gas stock.
said a broker yesterday, "put knowl
edge that the charter is to pass int
the hands of Mr.. Rogers and his assu
ciates 10 STANDARD Oil enterprises
Addicks has played the affair for all
is worth in the financial world. On
may stretch his imagination as he may
,, and yet he would not be able to figur
out how there is anything left for Nj
Addicks in this particular as regard
!, his remarkable company.
/, "He is having, or already has had
the experience, namely, of almost ute
defeat. which everybody sooner or late
gets who comes into controversy {
this nature with the Standard o.
; crowd. There is nothing left for hi
, to do now but transfer the charter
{ them. They have everything else.
: believe they would not be hard wit
1 him, but that they would assist him
realize his political ambition, but Ju!
how l am not politician enough
surmise.
d For several years Addicks' divisio
( of the Republican party in Delawai
$ has caus d the little State to forte
!, one representative in the United Stat,
Senate. When Delaware went to Il
National Republican Convention
Philadelphia last summer with tv
(, contestIng delegations, one the Addiol
q or Union delegation and the other Il
n REGULAR Republican delegation, ii
! defeat OF the Addioks crowd was col
= sidered mere matter of detail.
But to the profound surprise of mai
the Addicks delegation was seate
and Addicks came one step nearer h
ambition than he had ever been befor
This led to the story that Standard Q
interests helped Mr.. Addicks in retul
for an agreement from him to reli
quish Bay State Gas to their oontro
that Mr.. Addicks is to be made Unit,
States Senator ii the influence Of Stan
ard Oil connections can work it, al
that the Bay State Gas structure, Their
fore, with all its mysteries and faul
and its wonderful charter, is to pa
into the hands of the Rockefeller G
| intarnrts nnniarnd in Rnaton