The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1900-05-03

C1CdH4A& AtS E1OQCGtE Ia hNOOSAd.-GOu-
sideratton said 60 be Above S280fO00.
Witl1im the next few days all the
lighting and heating systems IN Ke-
nosaa will pass under the control OF
the Milwaukee gas company which
now has the control of the stock of the
Kenosha Gas company. The compile
ton of the deal was an 1ounced this
and when the news got about
both companies made vigorc IS at
tennpts to suppress the facts until the
money had been paid, gut later both
admitted THAT the deal was a reality,
and that the formal transfer would
probably be made in the next few days.
The Quarterly meeting of the difec-
tors of THE Gas company was held in
this city this smornir2g, and while the
directors state that .no+action was taken
at this meeting, thay>a1so state that
af the dea1sare complete.
For some time the Milwaukee conn
pauy brave cast longing eyes toward
tine E1eotric 1ightgp1az1t, and since the
building s0f athe Heating. plant the
lo.ag-iug III, the Milwaukee colnpanyEs
eyes HasS only been intensified,
For theIast' three years the Ai1wGal-
G0ae company have taken options ON
tlae plants in this city, but for some
reason 'tae deal has always fallen
tf2rOagh. However, there is little
cGGanace yeG this deal falling through,
as the papers are practically ready for
the formal transfer.
As ito >consideuat ione neither COM
fganny are willing to give figures The
Milwaukee, company have long owned
q EaEgefolock of the stock of the Keno
sha Gas companYo and the deal will
result in the remaindeE. of the stock
1peiag transferred to the company
Arrangements have already been made
to fEoat nthe bonds to the t&tept of
S20o3 OO0en the combined plants, and
the articles of Incorporation for the
eaew company will also allow them to-
aoreaserI1is aan7oeaat to 100000. The
100000 probably represents the cash
maoney5 paid for the two .plants. The
change of ownership will probably be
ne1ade at oace.
.As soon as tfae STORY reached the
papers this morning calls were made
at the offices of tteediferent. plants to
ascertain the extent of the deal. c. J.
Wakeman, Secretary of tae. Kenosha
eg1.t,and Rover Company, was first
seen and seemed adverse to talking on.
the matter until the deal had been.
closed and the papers fled with the,
proper, officials. He admitted that the
Milwaukee company had taken an op-
ton on their giants, f5oth the electric
lighting and heating p1ants} but he
stated that the negotiations were still
pending and he would rather aot talk
figureslnnti1 the deal Tras c1osad.
F. w. Bowen, at the, head of the Gas
company, was, seen this afternoon and
he greeted the reporter with such a
radiant >sani1e that it was evident that
the deal was closed as far as tlae gas
company was concerned. He said that
it was "a little early to tala- of the mat
ter. as the papers 8had not as yet been
made out, but he fainted that there was
no d0albt of the -auccess of the deal
E'Wl1em it comes said Nr. Bowen,
''and You cam count on it soon, it will
simply be "a case of our company &C
quiring more property in ,Kenoska.
The Gas company, aod especially the
Kenosha cad it, haze considered for
some tire the .advisah1ity Of building
both an electric lighting p1ant and a
heating plant ia Kenosha, bGt after
mature consideration we have decided
that the town is too small to support
two plants of this nature and we have
concluded to make the deal with the
other com pany. Mr.. Cowderys our
president, was laid up today and was
not able to be here to attend the meet
ing of the directors, SO 1 guess you lad
better say that the matter is still in
status quo"
AS to the future policy of the COM
bined plants Mr.. Bowen stated that if
the combinat ton were to be made that
there would probably beno changeein
ont by the three Kenoslaa companies |
and that the business would be carried
on as Before.
From other sources it was learned
that the option on the electric light
and heating plants now held by the
company would expire to-
morrow and for this reason it is |
thought that the deal will be closed by |
that time.
The combination of these three plants
means the combinatic1 of companies
controlling the most valuable franchise
rights in the gift of the city council.
The heating plant from the first has
given evidence of being a great sue
cess and with the greater capital be
1ind it the plant will undoubtedly be
greatly enlarged. The electric light
now have ten years con-
tract to supply street lights to the city i