The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-02-18
IL Was Appointed ON Sept. IT, 1900,
by Resolution OF Councilman
Moriarity.
INFORMATION IN THE REPORT
COMMITTEE FINDS CONSUMERS CON-
PANY is DOING ITS BEST.
Company's Books show that All Debts
Have Not Been Liquidatcd-Re-
port to Council Tonight.

The special committee Of the City Coun-
oil. consisting of Councilmen Keller, Bill
Kingsley. Munro, Moriarity and Perrott, APP
pointed on Sept II, 1900, to investigate the
Consumers Gas Trust Company, will make
its report to the regular meeting of the
Council tonight. For over five months the
committee has been at work on the investi-
CATION, holding many meetings during that
time. 1t also made trips into the gas fields
anG TO the pumping stations of the Con-
sumers' Company. The members of the
committee met many times in the Office of
the Consumers Company TO investigate
the books Of that corporation and later
heId open meetings when officials of the
company were examined on the witness
stand and other men, who claimed they
could throw some light on the question.
were asked to tell what they knew. The
committee worked conscientiously to probe
the question set out in the resolution to the
the present Council has a committee de-
the special committee.
INTRODUCED BY MORIARITY.
The resolution was introduced by James
Moriarity on Sept II, and alleged that it
was openly asserted that the Consumers
Gas Trust Company is refusing to make
gas connections and to furnish gas to citi-
zens The articles of association. said the
resolution, provide that when the stock
holders have been paid the amount of
stock, together with s per cent. interest,
gas shall be furnished at cost. The resolu-
ton further said it was openly asserted
that all stock and interest have been paid
or that the company has sufficient money
to pay the stock and interest due stock
holders. The resolution added that if
these assertions are true connections and
gas should be furnished to all entitled to
IL and the price should be reduced to cost
At one of the early meetings Of the COM
m.ttee Councilman Moriarity furnished the
committee with list of what Ii was de-
sired the committee should investigate
The list included the stock issued by the
company, when paid and amount still due
stockholders; examination of books OF ex-
penditures, receipts showing the various
amounts and leases, and the business Of
company from its organization to date; all
funds on hand, in bank or Bonded securi-
ties; gross earnings, dividends, how paid
and what interest paid.
The report Of the committee sets out in
full all the data asked for in the resolu-
ton and shows the allegations made in
the resolution were not founded upon facts.
The committee met yesterday afternoon
and agreed on the final report, which will
be unanimous, and to-day an additional
paragraph will be added showing the COM
pany's bank balance on Jan. i, which viii
be shown TO be about $4,000.
THE COMMITTEES REPORT.
The report TO be made by the committed
to- night is as follows:
your committee, appointed to investi-
gate the charges against the Consumers
Gas Trust Company, set forth in resolution
No. u, Sept. II, 1900. desires to make the
following report:
Upon our demand the gas company fur
nished a statement of all transactions from
the company's beginning. as follows
Summary of transactions Nov. 2, 1887, to
Sept. 80, 1900:
Receipts to Sept. 80, 1900