The Washington times., 1910-02-06

Continued from First Page)
fore. are subject TO cali At thi= time.
The company, therefore. could. n de-
sired, substitute bonds for these certih-
cafes. provided the charter sves the
necessary authority. and provided there
Is nothing IA the conditions of tie pres
emf first mortgage bonds to prevent
TIE persistent rumor has been for
weeks past, that the insiders have been
buying Up these bonds IN order % Sc
Gre their assent 10 the REORGANIZATION
plan AMI the increased issue
Profits Are Tremendous.
The tremendous rronJs Of the gas bus
mess in the past constitute the best pos
sible explanation Of tae company de-
sire now 10 dHd way To distribute us
surplus. In 1874 the company paid a
dividend of - per cent. in 1850. % per
cent; in 1886, e per cent and iu 1S7S
1873 and 1850 j. per cent annually. The
company admitted through It's rreasur-
er, in 1881. that for 81 years down 10
that time the average or cash and stock
dividends per year had been los per
cent Ia 1881 ten Der cent was uaid-
ISL the same ISss. 20 per cent. -ssf. 10
per cent, and 1855. 12ls per. cent
In 1895 the company, in a letter to the
chairman OF the House Committee on
the District Of Columbia. admitted that
IL paid thai year SsH.G1g iu dividends.
little more than - per cent and az
ter doing that. &C. had cash balance
Of $50 92Z
The issue OF certificates Of indebted
ness was made ig 1888, and constituted
En- effect stock dividend OF 100 per
cent. In addition 10 the regular cash
dividend for that year
No New Investments.
Meanwhile the company has Iuveste
no new capital iu its plant Tire or1gi-
nal capital OF $1,000 has been from
time 10 time Increased under authority
Of Congress, but the extensions Of -he
plant have been paid for out Oh surplus
earnings. despite the immense distrlbu-
lions OF dividends ln cash. stock and
certificates
The utmost efforts Of The Times have
failed 10 get any authoritative state
ueut OF the cumuau- plans Tor the
r2eetlnS tomorrow r. h"~s Perry
chief counsel FOR the company. was
asked TODAY TO make q statement about
The plans. but declined fIe was SPEND
iu- his Sunday Ia conference with a
gas c0WpauE- lie sent word that BE-
could not be seem that 81 any bust
ness matter was 40 be discussed 5t
must be done I'm his office on week
days; thsr ne did NOS discuss business
matters on SUNDAY AT his home
But the preventative OF The Times
was so persistent that lfr- Perry APP
ueared at the ton OF the stairs in Ho
pleasant frame Of mind
You know J am attorney FOR the
Gas EirEE Company be asked
Refuses to Talk.
You know 7 cannot discuss the bush
ness OF my client with anrous2
II am an attorney I DO uor discuss
my clients affairs with anyone, be re-
1eated with emphaSi.
But. 1Ir. Perry, Ions as the gas
melon is 20 Pee cut Ee would Ike 70
know Just how the slices ara going %
be passed OUT was suggested
AS 10 q. me Ion being 5CTlr-' ne replied,
--aII ] know IS what ms cl-a1r 1eEs nae
know nothing about s. further than
that
81 have nothing 20 say and want 20
be quoted correctly 20 that eject
And so. for hours. the slIiyHr-uE cabHF
who brought Tire visitor 90 the home ~
lI-- Perry sat In Eis carriage and vai--
I'd for the conference En- the Perry house
20 come to al end
Richard r. CsOldSb0TOu-r- a director
and one OF the counsel for the Washing
ton Gas CoupauE, IS the authority for