The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-02
WANTED.

The balance sheets or inventories
of the eOmpRny's property and
condition, which are in the pos
session of the company during
the eOmpaRy's existence.
4 statement of the earnings OF the
company, gross and net for the
ten years last past.
A statement OF the dividends, and
when paid, and amounts during
said period
Statement of the operating ex-
Penses of said company and
amount of gas manufactured and
sold during said period.
After legal tilt before Auditor Payne
yesterday morning. sitting in Circuit
Court No. 2, the demands of Corporation
Counsel Thomas and Assistant District
Attorney Stuart Mcnamara for informa-
ton as to the method and details of the
business of the Georgetown Gaslight Com
pany were narrowed down to the four
queries at the head Of this column.
It is not even sure that these VIII have
to be answered. Il rests entirely with
Auditor Payne, who took the matter IN
der advisement, and will rule on 1t when
court meets again, next Tuesday morn
ing at 10 o'clock.
The proceedings yesterday morning were
a continuance of the hearing Of the petit
ton Of the Georgetown GasliFht Com
pany to have its capital stock increased
from $4,000 to $500. 900. The petitioners
Aor- 81 t-rE--
to show that the physical plant and good
will Of the Georgetown GasIight Com
pauy is worth S625,000. So far neither the
District OF Columbia nor the United
States, by their counsel, has sought di-
rectly to controvert this
To Testify rs to stock Transfers.
At the beginning Of the proceedings yes
terday morning Benjamin Woodruff, sec
rotary of the Washington Stock Ex-
change. was recalled 10 the stand by
Corporation Counsel Thomas. who sought
further information as to sales of George
town Gaslight stock Mr. Woodruff had al
ready testified that since the life Of the
company the sales Of shares had been less
than 400. He agreed 10 give detailed
statement showing all the recent trans
fers Of stock.
Another witness recalled was Robert L.
Middleton. secretary and general mana
ger of the Georgetown GasliGht Com
pany. Questioned by Ross Perry. cOun-
sci for the petitioners. he said that the
company had an Indebtedness OF SCI. 500
II had no bonds or other obligations out
standing
Corporation Counsel Thomas sought to
get a glimpse Of the cOmpany's balance
sheet showing this Indebtedness. but Mr.
Perry objected on the ground that the
petitioners expected to furnish a special
statement covering the debt Of the COM
pany. MI Middleton continuing his testi-
mony averred that the last financial
statement of the company was issued to
stockholders on June 30.
What was the company's valuation OF
its real estate at that timer" asked Mr..
Thomas. This question was objected to
and not answered.
Mr.. Middleton testified that the gas
company has no income except from the
sale of gas and that II has no surplus
stocks or bonds which return the com
pany a revenue.
Personal Tax Returns of Company.
Corporation Counsel Thomas then had
P. Thompson Coyle, a clerk in the office
of the District Commissioners, brought
to the stand. This witness showed the
personal tax returns made by the COM
pany. the following schedule being offered
in evidence;