Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-09-26
D0BSON BROTHERS
BUYERS OF GAS co.
WeII-knOWn' Philadelphia Bust
ness Men and Owners Of the
Peoples Railway Co. !
THEIR POLICY WILL BE LIBERAL
Will Treat Their Patrons With
All Consideration, and the
Change of Ownership
VIII Work No Injury.

John and James Dobson, the we'll
known Philadelphia business men, are
the purchasers of the Wilmington Coal
Gas Co., and the establishment will
pass under their control on October LIST,
they having acquired over LOGO Ct the
IL, 600 shares of stock. The price paid
was SIG per share. The par value is
$50.
This information was obtained Monday
morning from George s. Oapelle, vice-
president of the gas company and presi-
dent of the National bank of Whining
ton and Brandy wine, VINO has negoti-
ated the sale. Several weeks ago the
announcement was made that the sale
was about contaminated. but the names
of the purchasers could not be learned
at the time. There being n general de.
sire on the part OF the public to learn
the names of the new owners, a reporter
Of The Gazette called upon Mr..
Capelle at the bankMondyy morning and
obtained information. Asked If he were
at liberty to give the names of the pur-
ohasers, Mr.. Capelle replied:
Yes. / have no objection, now. to
giving you the names Of the purchasers.
The company has been bought by John
and James Dobson Of Philadelphia. p"
What will be- the policy of the new
owners?" Mr.. Capelle was asked. His
reply was:
81 have every reason to believe that
the same policy will be pursued by the
new owners as has been pursued in the
past. There il no intention on their
part of advancing the price of gas. The
business will be conducted on the same
conservative lines as in the past. /
presume the Messrs Dobson have pur-
chased the company rs an investment. ="
Twill there be any bond issue?" was
asked.
my impression is that there win be.
A conservative amount will be issued I;
they will be good bonds and our people
will have an opportunity of investing.
"The purchasers OF the gas company
are men Of the highest standing in
Philadelphia. They have large means,
are amply able to purchase and conduct
the business, are men of very high in.
tegrity and already have large in
tetest in Wilmington, and for that
reason were prompted to buy the gas
company as business venture and an
Investment. They will improve the
property; will make all extensions re-
quired and will carry the business on
with view to accommodating and
| pleasing the consumers, as the old COM
pany has done in the rast.
$50 far rs the business is concerned,
the general public will not feel the
effects Of the change. They are the
owners of five or six large mills where
they manufacture carpets, rugs, silks
and fabrics generally
Mr.. Capelle expressed the belief that
the new owners will treat the gas CON
sumeis Of Wilmington with the greatest
consideration and will give the best
service possible, keeping pace with i'm
proyements, as the old company has in
the past.
The MessIs. Dobson sre the owners
of tho Peo,le's Railway Co. of this
city, and it iSas through that fact that
they had taeir attention attracted to
Wilmington and realized its Importance
as business community.