The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1911-07-04
LOGAN
Gas Company To Sell Gas In
Other States
Charter Has Been Amended
In Columbus
Increases Capital Stock To
Make Extensions


amendments filed to it's charter yes
terday by the Logan Natural Gas and
Fuel company Of Columbus, one of the
largest of natural gas corporations
of the state.
The charter of the company, which
as originally granted limits it's opera
tions 20 specified counties in this
state, IS broadsned by the amend
ments to permit the company to pro-
duce natural gas in Ohio for trans
mission and sale to other states, and
in other respects is made more liberal
in order to provide for the expansion
of the corporation in its new fields
The Logan company, in addition to
the extensive acreage of leases it has
in Licking, Hooking and other coun-
ties of the Central Ohio gas field, has
over 100000 acres under lease in the
new northeastern Ohio gas, field in
Lorain, Ashland, Huron and Cuyahoga
counties, territory which experienced
gas men say is destined to be the
greatest natural gas district in the
state
In the last few years cities and
towns IN Indiana and Michigan have
been attempting TO secure gas from
Ohio companies, offering franchises
with rates from 40 to so cents per
1000 cubic feet, but until the discov-
cry of the new field the Ohio com
panies did not feel that they had the
gas in sight to make such an expan-
sion of their territory advisable Now,
with the big northeastern Ohio field,
it is probable that Ohio gas will soon
be burning in other cities outside the
state.
In this connection il is said that
other large Ohio companies are in
terested with the Logan company in
its plan and mat they will be joined
in the plans for the immense mains
which vii be required to conduct the
gas outside the state of Ohio. The
decision of the supreme court of the
United States last month in the case
of the State Of Oklahoma against the
Kansas Natural Gas company, in
which law forbidding the transpor-
tation of gas outside the state was
held unconstitutional, caused the Ohio
companies to perfect their plans for
furnishing gas to towns ontside Ohio.
Until that decision holding that any
interference with the piping of natural
gas from one state to another was an
interference with Interstate com
merce. 1he companies did not feel
certain OF their position.
1t is expected that ii will not be
long until definite announcement is
made of the plans of the company in
regard to using Ohio gas in other
states is made, AMI also just what in
terests will be concerned with it in
the transaction. UP to this time Ohio
5uo mas nCNCl OOCh bOio OuLblhO Lht
state, although millions of feet of gas
from West Virginia and Pennsylvania
have been used in Ohio. Officers of
the gas companies say that the taking
of gas to adjoining states is with
them purely busines proposition, as
they can secure prices from 40 to SO
cents per 1000 cubic feet outside the
state, and as they have the gas, they
prefer to sell 1t to the highest bidder
Among the towns to which it sup
plies gas are, Logan, Flndlay, Della.
ware, Newark. Mansfield, Upper San
dusky, Athens and number of 9th
ers. It has over 900 producing gas
wells, half interest in number OF
others, and owns extensive leases in
several Ohio gas fields having over
100000 acres Under lease in the new
northeastern Ohio natural gas district
alone. 1t recently purchased the In
terests of the Kelsey gas company OF
Newark in the gas fields of Ashland
Lorain and Cuyahoga counties, paying
large sum for them.
In addition 10 amending it's charter
the Logan also yesterday completed
one Of the largest increases Of CAPT
talization yet made by an Ohio cor
poratiOn raising its capitalization
from $4,000 to $10,000,0OO The large
increase in capitalization is made to
reimburse the Union Natural Gas cor
poration of Pittsburg, which owns the
Logan, for expenditure made in de
yelopmsnt and expansion ana also tC
provide capital for further expasion
and enlargement Of territory such as
suggested by the amendments made
70 its charter