St. Johns review. (Saint Johns, Or.) 1904-current, 1907-10-25
CASSTOCK FREE
Generous Offer Of the 81. Johns
Gas, Light and Heat Co.
VERY BEST SECURITIES
FiIanciers Consider Gas Stocks and
Bonds as Second to None for
Safety and Profit Very
Rarely in Default.

The city fathers having granted
il a franchise for the construction
of complete gas plant in this city,
the st. Johns Gas, Light and Heat
company will Immediately organize
its forces and begin work on the
task before it. Very likely from
this time on this corporation will
be referred to as 'the Gas Com
pany," and the appellation, of
course, will be quite appropriate
as to the commodity it will produce
but not as to its methods of busi-
ness, for, as a matter of fact, its
management is not given to gas
sing" but to doing things"
without much ceremony. The
granting of this valuable permit to
build plant to supply our people
with gas, is of more significance
than may appear OF the surface.
in Our neighboring sister, the city
Of Portland, II has been demonstra-
ted to the satisfaction of every fam
lily or other consumer of gas, that,
entirely apart from its value as an
illuininant, II Is by as to so per
cent the cheapest fuel to be had,
not to speak of its convenience and
cleanliness. Indeed, the entire
obliteration of gas from the com.
merce OF the world would be one
OF the greatest calamities that
could befall IL. So general is It's
consumption in all civilized COM
muniiies, that its usefulness is as
completely recognized as that of
wood or coal, and its economy far
surpasscs either. Truth is. n city
without gas can never be rcckoncd
in the metropolitan class, nor III.
derstood by the world at large as
more than country hamlet. II is
gratifying, therefore, to announce
the termination of this gas fran.
chise discussion, aud that the gran.
tees will not dilly.dally but begin
work without the slightest delay,
COMPANY RAvoRS UoMB PEOPLE.
That the gas company is loyal
to the city in which Il expects to
reap the reward due TO its snap
and enterprise, is evidenced from
the very beginning of its business
career. This is shown in its dis
position of its bonds, $4,000 OF
which are to bc offered for public
subscription. These bonds run for
a period of 30 years, bear q per
cent interest, and are payable,
interest and principal, in United
States gold coin. They are issued
in denominations OF SIoo. and with
each SIoo bond is given sIoo in
stock without any charge at all.
This generous offer is made. first
of all, to the people of ST. Johns,
and whatever is not taken here
will, OF course, be speedily snatched
up elsewhere. When Il Is consid-
cred that the franchise aud plant,
when completed, will be worth
close to sI2S, 900, the safety OF the
investment is beyond peradventure,
aud when II is further considered
that the stock which goes with the
bonds will draw its dividends
throughout all time, il would seem
difficult to fancy a more enticing
investment. Fact is, these bonds
ought, every one of them, to be
owned by our own people, 50 that
the dividends and interest paid
might be kept at home. These
dividends will aggregate thousands
of dollars annually, and will grow
as the city grows, so that II is To be
hoped that St, Johns citizens will
not permit so much as one OF them
to go into other hands,
The way to have St. Johns con
tinue its marvellous career of pros