The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1913-02-04

lug the creation oil puhIic service
ammIssion.
You will c:1serye from this repo.
hat for the year ending Dcc. 81, ~
re were .roximately $40 prod'
OF natural gas IN West virgin
nat these prodG2ers had under lee
u sls jrpos.s 100000 acres
and uLon which there were 4.155 z
&ells; that tho value CT the gas pr
luced, at the point OF consumption
,as s2S.5O0,OOO based on an ayeras
aluo per thousand cubic feet of 12;
cents.
You will also observe that so PHI
ines of different sizes, some OF %h!cI
re as mu,.a Is 90 inches in diameter
zero used in transporting gas out {
he tsate, and it is interesting
note that the gas with which Pitts
aurgh was supplied WAS pumpe,
through the lines at the rate OF 4:
niles per hour.
or the POI billion cubic feet of gat
produced in this State for the yeai
nding December 81, 1911, 81 billion
cubic feet were consumed in this
State. OF the amount consumed in
this State AZ billion cubic feet werc
lsed by industrial concerns at an
werage price per thousand cubic feet
| u sc cents; IA billion cubic feet were
lsed by domestic consumers at an
verage price per thousand cubic feet
of 1926 cents.
, also call your attention 10 the fact
hat we had during that year 76 gas
liDc line companies with gross CAPT
alism of $l23,OOO,OOO, and that about
| 0 per cent OF that amount would rep
'esent the capitalization Of this State
These gas pipe line companies con
rol three million acres Of land in this
State and something like 1877 billion
cubic feet of gas. They have j,14j
miles OF pipe line OF various sizes in
West Virginia.
You will also note from this report
that for the same period we had a.
water companies owned by private
corporations, some of when also own
I'd and operated lighting and power
plants. These water companies were
capitalized at $5,243,000, Of which 81,
$50, 900 was represented b. bonds and
like amount Of stock; the remand.
er representing the unfunded debt.
These water companies after paying
interest had a net income of little
less than 100000.
In addition to the water companies
Just referred to there is also the APP
palachian Power Company which does
IN Interstate business. This company
has an authorized capital stock OF
395 900 900 and a gross capital EN-.
ployed OF $13,7T4,jO0.
The report shows that there We're
three petroleum pipe line companies
doing business In this State with q
gross capitalization OF about S12.
! 900, sixty per cent of which is locvat'
I'd in West Virginia. All of the pc.
troleum produced in this State in
1911. amounting TO practically 10000
OnO barrels, vas handled b. the three
companies above referred to. These
companies had little ever 1000
miles OF pipe line and their assessed
valuation In this State was seq 100000.
For the same year we had some As
commercial telegraph and telephone
companies &C ng business. OF which
3S were intrastate companies and II
Interstate. These companies had total
gross earnings of more than $17,0O0,'
000, and net income Of nearly $751;
100000. West Virginia's proportion
Of the capitaIization"and earnings OF
these companies amounted 10 little
less than IL of the whole. These
telegraph and telephone companies
net including thc Western Union Tele'
! graph company, ownel approximately
10000 miles of wire. The Western
Union Telegraph Company had gross
/ ca 2Itali2ation OF nearly $14S,000.O0o
and owned .iS7.345 miles OF wire. OF
Shian about 500 miles were in West
Virginia.
Fer the samo year. to Kit the year
ending December 81, 1911. tho steam
railroads doing an interstate bust.
ness owned and operated In this State
1880 miles Of railrold, This III.
cludes their main track. second track.
: branches and sidings. Easing tac
amount OF capital stock and debt that
should be apportioncd TO West Viz.
ginia upon the proportion that the
miles CT main track Of these com pa
MES bear 20 the whole number OF
miles Of main track OF the different
systems Of railroads there should. br
,nportioned IN N'pst Virginia of The