Evening journal., 1901-10-03
ANOTHER RUMOR
NOW CIRCULATES
Monster Corporation to Again
Fight AddickS
MILLIONS OF DOLLARS CAPITAL
Conduit Company, Gas Company and
Wilmington City Electric CON-
panV to Combine
MILLIONS OF DOLLARS CAPITAL

Rumor has II now that a corporation
with millions of dollars capital VIII
be incorporated here TO fight j. Ed
ward Addicks in his gas plant scheme.
For some time past it has been said
that Addicks is the power behind the
throne" in the new company, known as
the Consumers Production and Supply
Company, of which John T. Dickey is
prssident. and which now Is applying
for Q franchise 10 the Street and Sewer
Department The petitioners, like the
Universal Light, Heat and Power COM
many, desire the use of all streets,
lanes and alleys in the city, for the
purpose Of laying pipes, mains, etc,
for conducting electricity, gas, oil and
air for use i'm Wilmington. The appli-
cation fer this right is said to be only
another cover under which the Gas
man" seeks to gain his point
In order to block this game and shut
Addicks out OF the city forever, it
Is said that consolidation of the Will
mington Coal Gas Company, James
and John DobsOn. owners, the Univer-
sal Conduit. Light, Heat and Power
Company. whose stock is controlled by
the Dobsons and the Wilmington City
+ ectric Company. owed by the United
Power and Transportation Company
has been formed. and will apply to the
! Secretary Of State for a charter for the
| Wilmington Gas and Electric Com
many. which desires to do a light, heat
! and power business. The owners and
stockholders of the new corporation
are all Regular Republicans, who viii
| fight Addicks at every turn.
OFFICIALS MAKE DENIAL
When questioned on the subject, Off
cials of the various concerns deny
positively that such a move Is or has
been contemplated. John T. Dickey,
president of the Consumers Company
| said TO a reporter for the Evening
| Journal: "Addicks has no more to do
with our company than you have Mr..
| Carpenter Mr. Carswell and myself
are the sole owners. People may talk
as they please, il don't affect us. We
are running our own business"
Edmund Mitchell. Jr., president of
the Universal Company, also said that
there was no truth in the rumOr so far
as his company is concerned as no
such consolidation had been thought
of.
c. Reginald Van Trump. superintend-
ent of the Wilmington City Electric
! Company, declared he had never heard
an intimation of the DEAL and had
been in consultation with officials OF
the company on Monday, but no men
tiOn was made of the transaction,
which he Thought was highly improb-
able
Edward Belts, president of the Will
mington Coal Gas Company, declared
that he knew nothing of the subject
and had not even heard of any such
proposition.
There is still another rumor ahOat re-
garding the same subject which is APP
| parently founded on "A well established
fact. Ii is said that the Universal Heat
Light and Power Company and the VIII
mington Coal Gas Company viii be
merged under the title of the Wilmington
| Gas and Electric Company, and that a
charter has been applied Cor. This there
fore, would eliminate the Wilmington
| City Electric Company from the combi-
nation. Ii is further said that the $4,000
odd shares of the Wilmington Coal Gas
/ Company Win be returned and that a
/ Sl,0OO.000 issue Of common and preferred
! bonds bearing A per cent. interest will
be placed ON the market i'm short time
/ In view of the fact that the gas com
4 pany's shares would always bring 500
/ each the proposed issue of new bonds
/ would make the bonded debt Of the new
concern 100000 less than that of the old
( company.