The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1915-08-12
NORTHERN STATES POWER
COMPANY TO SELL STOCK ON
SMALL PAYMENTS

ern States Power Company, encour-
agement of investment in it's per
cent preferred stock by customers of
the organization has been so well re-
ceived that it has been decided to offer
the stock on the partial payment plan
as a means of further increasing the
number of stockholders in Minnesota,
North and South Dakota, Illinois and
Wisconsin.
Under the partial payment plan,
soon to be placed in effect, the invest
ors may purchase not less than one
nor more than ten shares at the rate
of IS per month, buying either direct
from his local utility company or thru
bank. Initial subscriptions are to be
received at price of $50 share.
Since the preferred stock was offer
ed on cash basis short time ago
many expressions of approval have
been received by the company, togeth-
err with suggestions that customers be
given the option Of investment on
small monthly payments. On cash
basis about 700 shares have already
been taken in small lots by citizens of
Minneapolis, St. Paul, Mankato, Fari-
bault, Fargo, Grand Forks, Minot,
Sioux Falls, Galena, and other cities
in which subsidiaries Of Northern
States operate.
Company's Growth Continues.
The Northern States organization is
more than maintaining its past record
of new business gains during the pres
ent year. In the two and one-half
years ended June Both, the number of
customers served with electricity, gas,
steam heat and telephone service ad-
vanced from 1896 to 1850, a gain
of so per cent.
This company was one of the first
utility organizations to respond to the
demand for publicity, and the annual
printed reports which it makes to
stock holders are most complete. They
are accompanied by certificates of
audit from Independent public &C
countants.
The company has ten water power
plants in operation with combined
capacity of 48,025 horsepower; thir-
teen steam plants with 1880 horse
power, to which 22600 horsepower is
now being added at Minneapolis, Far
go and Minot; five gas works with a
daily manufacturing capacity of l.
100000 cubic feet, and holds undevel-
oped water power aggregating not less
than 10000 horsepower. A telephone
! exchange is operated in Minot and a
street railway system in Fargo and
Moorhead.
New Business Gains and Extensions
At Minneapolis the new business
gains of the first six months of 1915
were better than the new business
added during the corresponding period
| of the wear before. The electrical out
put for the period increased material.
iy. A 65-mile transmission line is I'M
der construction to give service to Us
SEQ, Rockford, Delano, Watertown, st
! Bonifacius and Wacona.
! A contract recently signed at St
Paul calls for power to operate 2,66t
horsepower in motors in the Great
Northern rally shops and roundhouse
Service will begin soon to the new
Railroad building, where the lighting
and power demands total of 2,1O(
horsepower, or more than the electri
cal demands of many cities of 10000
population. The first artificial ICE
plant in St. Paul will also be one OF
the company's new power customers.
St. James has decided to close doWr
it's municipality operated electric plan
and purchase current from the North
ern States organization on wholesale
basis, the city doing the local distrl
button. Contract has been signed ant
14-mile transmission line will bt
built from Madelia to St. James. Ma
pleton, Minnesota Lake and Winneba
90 City are also new customers, the
latter city having sold its municipal
plant to a private company which vii
buy current on wholesale basis.
In the Faribault territory Eagl'
Lake has recently granted the com
panv a franchise and a six mile exten
sion will be run from Madison Lake
The village of Rosemount was recent
ly added to the service and request
for service from number OF othe
towns are under investigation.
The Elizabeth Light & Power Com
pany, Elizabeth, Illinois, has entered
into 20-year contract with the com
pany for it's supply of electric energy
The Interstate Light & Power Com
pany, Galena Division, will build tel
mile extension to connect this load
The Elizabeth company will purchase
current on a wholesale basis and dis
tribute the current.
High prices for zinc ore have caus
ed unusual activity in the Illinois-Wis
consin zinc mining field, where the or
ganization supplies power to the mine:
and reduction plants. Recently 20(
additional horsepower has been IN
stalled in mines, and several hundred
additional horsepower are in prospect
In connection with prevailing discus
sions in Minneapolis relative to dispo
sition of power from the government
high dam, H. M. Byllesby & Company
managers of Northern States Power
Company, have issued the following
statement:
"The amount of electrical energy
which can be produced by the unfinish
ed Mississippi river navigation pro,
ject, known as the government high
DAM is but fraction of the tota
electrical requirements of Minneapolis
and St. Paul. Present discussion ir
Minneapolis relates to proposals fol
utilizing the prospective high dam