The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1904-05-03
new GAS COMPANY
CAN GET CAPITAL
NEW YORK FiNAsciERs ARE EApY TO TO
BUILD AND OPERATE 81 GA PLANT LIBERAL FRAN.
casE GRANTED

The officers % the American fm-
pruFument company today resolved Of
fetal notification OF the amendments
made 20 les 81 gas franchise al the re-
cent secret meeting Of the corpora
tinua COMMITTEES % the council They
viii he invited 20 oo present at the
next meeting ~ the committee. which
wlu probably be called Ia few days,
ard explain their attitude toward the
proposed changes.
The members Of tho committee have
been given copies - n telegram re-
eelved April -. b. John II. Miller. an
attorney Who IL here representing Ncw
York bond buyers. from +. ~. Tiadaic.
which goes 20 prove that the charges
% financial irruSqonsihiilty that have
been made against the American I'm.
prnvement company are unfuauded.
Ttadala Is ona Of judge MnicTs
ciieuta lie gives his address as -
Wall street. New York. and names his
references az tho United States Mort
gage & Trust company. e Cedar street.
Sew York. The Telegram follows.
Have parties able and ready 60
finance. construct. fight and manage
entire deal provided liberal franchise
granted and you come here with FUN
3
mite Until franchise passed
In regard 20 the amendments 20 the
franchise proposed By City Engineer
Thomson and the members Of the cor
porations committee. Robert 4. Hun
ter. president Of the company. said
yesterday.
we have no objections to the pro-
visions proposed which will make II
necessary FOR Us 20 construct DO mile.
Of mains In a certain number Of years
when We stipulated % miles 20 mains
In our franchise. nc figured that with
the branch mains they would comprise
20 miles
Neither DO We offset 70 The new
provision which more specifically
states the exact section II the city In
which mains must BE- laid aad IN what
time. We think. however. that We
should Be given 60 instead 81 - days
in which 20 connect houses whose
owners demand the use Of gas. 80 as
to give ~ ample time. We ar. will
ing now. as we always have been. 10
abide by any reasonable restrictions
and to have our franchise 80 framed
that our patrons Will be fully protect
ed
but the amendment which would
make Us turn over per cent Of our
annual gross receipts 10 the city is
maulfsHtlY unjust. HuN could We ex-
pect 70 compete on such terms with a
long established monopoly that
charges more than We shall and does
not have TO hand over part of It's
income 20 the city, To put - on such
unequal terms with the present com
pany would be- unfair 10 "a and. IN
preventing fair competition. would pre-
vent the city from securing the very
competition In gas distribution Il de-
slrss.
we also object 20 the provision
which gives tho board Of works fun
power e. judge whether or not our
gas il Of Z-candiO power. We are
willing o. stand q fire for not fur
uiahlnE gas q the required standard.
but we do not think Il just 10 allow
board u works. which might be un-
fair. Incompetent or corrupt. to be the
sole Judge.
'srha proposition % strike out the
words 'euecessorn and assigns we win
not stand for II would make the fran
chlaa entirely useless II would pre-
vent Us from selling our bonds and
would make the franchise void as soon
a. the present officers Of the com
panY die. All that iH necessary IN 70
make certain that the company or
stockholders DO not sell out to a COM
pefitive company.
Parity for the reason that we want
20 show that We have financial re-
sponaIhlilty. wo have decided 70 sell
800 $50 o. stock 10 local business men.
Senator +. c. Harper ana Frank At
wood Of the Globe Wall Paper COM