Evening journal., 1903-08-01
BAY STATE CAS-
AND COPPER TRUST
Financial News Bureau Pub.
fishes Interesting Story
About Manipulations
ADDICES AND ROGERS LEADERS
"Thc Audaeity of This so-calIed Re-
organization Play is Stupendous," /"
Says the Writer-sensationaI candi-
date Real Political AIehemist.

date Real Political Alehemist.
1T is pre-eminently fitting that The
Amalgamated Company should have
had its origin in Bay State Gas specu-
lations. for Bay State Gas was founded,
the epitome of brass" says the
Philadelphia News Bureau, an
establishment which furnishes in
formation relating to financial matters.
"The alchemists of old sought to pro-
duce gold from dirt: others have be-
lieved it could be had from air: mill
lions Of dollars have been lost trying
to take it from water, but over the lit
tie State of Delaware j. Edward Ad-
dicks waved his wand Of political al
chemy, and from air. water and dirt
flowed streams of brass. copper and
gold; for the little State of Delaware
set afloat a paper corporation RESPONSE
BILE to no earthly power with unlim-
tied capacity for imitation, which has
played a greater part in the redistribu-
tion of wealth than was dreamed of by
the alchemists of old"
An account Of how Addicks entered
the senatorial fight is given. Continu-
ing. it says:
j. Edward Addicks at that time had
been living for years in Boston and do
ing business in New York and London,
He had never been heard of in politi-
cal life and his name had never been
mentioned in connection with the State
of Delaware. The politician thus ad-
dressed turned his head in order that
he might suppress laugh over the aC-
dacity of the proposition, but he soon
found that Mr.. Addicks was serious
yet beyond the powers of reasonable
argument and he packed his carpet
bag for Capitol Hill in Delaware.
Gets Through a Little Bill.
"Frst the politicians in Delaware
laughed. but other politicians from
Massachusetts, swarmed into Delaware
and soon there was an Addicks fight
much to the surprise of the entire com.
mmity. When it became serious, Re.
publican politicians of Delaware
showed to NJ. Addicks the situation
and the danger of Democratic success
from his invasion, and asked him
he was a good Republican and wouls
retire in the interests of the party.
Mr.. Addicks drew forth from hi
coat-tail pocket an innocent looking
bill for the incorporation of a gas i'm
DlONtIltlil NOIlDdng With llt IlbnA u
make for itself new name, issue cap
ital stock and make reports to nobody
"He said: Gentlemen, pass this bill
and 1 will withdraw for this year. Tn
politicians passed the bill through tn
Legislature in a jiffy, although protest
were raised that this was the most re
markable charter ever issued in the civ
ilized world. one Of the speakers de
..t...-.1 q r-,.ra f1,fu onf.tpn1.r frsracrorl
BILE license TO do everything except &
declare war.
Mr.. Addicks retired from Capitc
Hill with his Massachusetts, politician
and went to Boston with his charter
changing its name en- route to Ba,
state Gas Company of Delaware.
"The company was set aaoat, and tn
first item Of its expenditure was MI
Addicks' political bills.
MIR. Addicks was thereuDon halle
i'm Boston not as a politician, but a
about the shrewdest financier and com
pany promoter that had ever embarke
i'm gaseous waters. He corralled tn
gas companies of Boston, voted himsel
a $4,000 salary, mortgaged the com
panies for many times their capital an
noated the bonds in London and Bos
ton. Several buffers were put betwee
the Boston gas companies and the Ia
State Gas Company of Delaware.
IN fact, there were put in the lega
organization at least four Bay stat
Gas companies. There was the Ba
state Gas Company, of Massachusetts
that sold gas to nobody but the com
panies and issued the famous S4,5O0OO
income note to the Bay State Ga
Company. of New Jersey. whose capita
stock was placed in the treasury q
the Bay state Gas Company, of Della
ware. There was also a Bay State Ga
Company, of New York.
There were other Bay State Ga
companies organized in other State
bv the Addicks people, if memor
serves Alright. and their charters ma
vet be found by the receiver in tn
pigeonholes of the Delaware compan'
In Alliance With Rogers.
"AIr. Addicks, after his conquest
Boston, aspired TO conquer New Hor
and Brooklyn, and began by buyir
gas companies in Brooklyn. In IN
he ran across the plans Of II. !
Rogers. Of the STANDARD oil Compan
and the latter retaliated by buying II
fcontinued on Fourth Page.)