The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-01-17
|C0MM
MEETS TODAY
To Make Up Plan for Organ
ization of Stock Company.
TO DRILL FOR GAS
Plan Will be Submitted to
Mass Meeting tuesday Night.

The committee appointed by c. L. Da-
wilson at the mass meeting Thursday
evening will meet this afternoon il
Bentley & Hatfields Office and make the
plans for the organization and conduct
of the stock company which it was de-
cided to organize and drill for gas
Yesterday the members of this COM
mittee had number of conference with
business men and citizens interested in
the project, and many suggestions were
offered as to the organization of the
company and its plans of work. The COM
mittee will meet this afternoon and talk
over these plans. discuss them, select
the most practicable and combine all into
one general outline to be submitted TO the
| ADOPTION or rejection.
| Mr.. Davidson could not have selected
| better committee than those he has put
| on this one. Every one is a practical
business man. interested in the welfare
| of the city, and men who see the adj
vantages of natural gas if brought TO
Wichita, and men who will do ali in their
power to bring natural gas here. If gas
cannot be found near Wichita there is
plenty of capital at hand to pipe it from
the fields in the southeast That is all
that is wanted by men of means in the
east. If there is gas here so much the
better; if there is none in this imme-
date neighborhood it will be brought
here.
This company will be organized on the
most liberal lines that are in accordance
with the most approved business meth
DDS Every man who has an active inter
est in the conduct of its affairs will be
man who is looking out for Wichita, {
city's interests and will spend both time
and money to help along any project that
will make Wichita better place to live
in.
The capital stock will be s25. 600 with
shares of par value of 81 each. The
committee will decide just what proper
ton OF the par value is TO be paid in
when the stock certificates are delivered.
This will be only a small amount but as
sessments will be made until the full
value is drawn if it is found necessary
After the par value is paid in the stock
will be worcestershire.
There will be board of at least ten
directors who will select from their num-
Der a president, secretary and treasurer.
There are many plans to be considered
al the meeting for the conduct of the
business, and these will have to be COM
bined into a workable plan before sub
hitting it to Tie citizens next Tuesday
evening.
There was much interest shown by the
citizens yesterday over the new plan
There is now no doubt but that the en-
tire stock will be subscribed within O
week after it is placed on sale Sew
eral persons have given notice that they
will take some big blocks of stock, others
have said they would take smaller
amounts, but every one is willing and
anxious to buy the stock and help get
natural gas to, Wichita within year
If gas is not found close to Wichita |
of course the people will lose their |
money subscribed to the stock of the
company. They will be benefited. how |
ever, from the fact that if no gas is |
found will be piped here from longer |
distances. If gas is found the stock will |
pay large dividends The value of shares
was made low because of the fact that |
many people are anxious to assist in this |
work but their means will not allow them |
to contribute as much as they might |
wish. Another reason is that by making !
the shares at a low value people could 1
subscribe small amounts and if no gas |
was found the loss to any one individual /
would be a small amount.