Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-30
100000 NOW READY
Part of Bond Issue of Washing
ton and Electric Company
FOR THE NEW POWER PLANT
Corporation Will Then Have Album
dant Facilities at Hand.
INDICTMENT TO BUSINESS MEN
In Line With Movement for Greater
Washington"-Welcomed by New
Commercial Association.
FOR THE NEW POWER PLANT
INDICTMENT TO BUSINESS MEN

a III" Oohu ioSuS ~ .SopSi oil
essential expenses for its great
new electrical plant, and some act
i've, if small, trades on the stock
exchange aga;. made the Washing
ton and Electric Railway Company
a subject of more than passing in
terest to local hnanciers today.
The new plant will be able to fur
nish all the power necessary for
any number of manufacturers that
may be attracted here, and now
that it will not be necessary to buy
power from the Capital Traction
Company it is thought that there
is a great future for the corpora
ton.
From the hands of the engraver on Au-
gust 1 will come 100000 of a new ST.
100000 bond issue of the Washington
Traction and Electric Company. or, more
properly speaking. of the Potomac Elec-
trio Company, one of the properties of
the former organization. This issue is
for the purpose of defraying the expense
of the new power plant of the company
The whole significance of this bond Issue
just at this time when every effort is
being put forth to make new CONNER
cial and Industrial future for Washing
ton. cannot readily be overestimated.
In 1894 100000 twenty-five-year gold
bonds were issued by this company. Some
of the properties now under its control were
|
that had not been made payable and were
not then thought to be desirable are now
under the control of this corporation OF
the 81, 600, 600 bond issue of that year, ST.
700,000 were marketed. and the other So
800, 900 were recently cancelled to make
way for the new issue.
Cost Of New Plant.
The new power plant of the company will
cost just about 81 900. O0O-the amount of
the bonds that viii see light on Wednesday.
The other bonds will be issued as the
company needs them for further improve
ments and operating expenses and for the
purposes that the directors may deem
necessary. With its new power plant this
company will assume added Importance
that, 1t Is thought. will very materially en-
nance the values of its securities.
The company Is now at times under the
necessity of purcha sing power from the
conditions It will not only be in position
to take care OF its own transportation facili-
ties in every way. but will have plant that
can supply all necessary power to any en-
terprise, however large, that may want to
pitch its tent In Washington.
Inducements to Industries.
In other words, after November 1 this
year, at the latest, the Jobbers and Ship
pers' Association will be In a position to
say to any manufacturing plants that may
wish to come to this city that they can be
furnished with electric power as reason
ably as they can buy 1t elsewhere.
General Superintendent Sinclair said to-
day that that part OF the plant which viii
be completed at an early day will have a
capacity Of 1850 horse power. When the
entire plant is completed 1t will have q
power OF q, 900 horse power.
On the present large site at Benning adj
ditions to this plant may be made at any
time. as the city and Its manufacturing in
terests REQUIRE them. In fact, no city In the
United States will be better equipped with
that most modern of all power-electricity
Local dnanciers say this feature In itself
should be of great attraction to factory
promoters and builders who may be induced
to establish here
every. safeguard to preclude accident or
break down, built on the most modern and
proved electrical methode, should prove TO
be great attraction to the capital as q
Feature of Market.
The common stock Of the Washington
Traction and Electric Company was the
feature Of the markHt today. At the last
session OF the stock exchange there were
100 shares OF common sold at a6N and 90
sAarss at 80 Today 6sB shares vere Sold
at 20 and 40st. 4 rise In the market Of
ys,xxvsn Thar, Z .v1.s,sx afyyf Tknra swaa also