Evening journal., 1918-09-21
PAY ROLL.


James l'Ksne. OF the Central Labor
I Union, asked Mr.. Schutt II he would
/ present the commissioners with a sal
airy list paid the directors OF the COM
pany as well as the statement showing
I the cost OF furnishing gas 10 points out
side this city Mr.. Schutt replied that
sented and had read the only evidence
presented a. the hearing last night
against the proposed increase, 10 being
the statements OF the earning and Op-
Grating expenses OF the local gas COM
pany as compared with the Lowell
Mass company. The statement being
as follows:
From Moody's Manual, 1916:
Lowell Gas Light COmpany-IncOr-
pOrated May 2, 1919, in Massachu-
sets, TO manufacture gas. coke, tar and
gas liqupOr. Supplies Lowell, Drecut,
Tewksbury and Chelmsford. Popula-
ton served 1850. Annual output 65O.-
100000 cubic feet. Daily capacity a.
10000 cubic feet. Miles OF mains i76.
Number OF meters, $4,000. Number of
gas stoves i7.7ss. Prices si.05 gross.
s. net.
Capital Stock-Authorlzed and out
standing si,OO0OOO; par Si00 Dlvi-
dends in 1908 i6lk per cent: 1919 to
1915. inclusive - per cent. per annum. I
psid quarterly, January q. Transfer /
office Shattuck street. Lowell, Mass. No. /
bonded debt
Wilmington Gas Company-lncorpOr- /
atcd August q 1909. in Delaware; con- /
sohdation OF Wilmington Gas and Fuel /
Company and Wilmington Gas and /
Electric Company. Supplies gas in VIII
under perpetual franchises
population served 5000. Annual out 1
put Of gas, 479OOO,OOO cubic feet. Daily /
capacity, 4250.OOO cubic feet: holder
capacity, L7920O0 cubic feet. Miles OF
mains. i29. Number OF meters, 1926.
Prices: gross sti0: let, % cents.
Capital stOck-AuthOrized 100000
common and Si,5OOOOO six rer cent. Gu
mulative preferred; outstanding $780,
300 common and si.i31 500 preferred, par
800. Dividends on preferred
have been regularly paid semi-annually
since March 4. 1910.
Bonded debts. .52i, 900 First Refund
ing Gold 5s; dated September 1, 1909;
Tue September 1 1919: interest March
and September J. at Girard Trust Com
q 600: principal may be registered.
authorized issue, S5,00OOO0; balance
nav be issued 20 cover 50 per cent. OF
'ost OF improvements, as TO Si79OO0
when earnings equal ~ times interest
IN bonds outstanding and applied for.
md remaining s2,000,000 when earnings
,dual "a times interest on bonds out
standing and applied for. Subject 70 7
AN at iO5 and interest on any interest
late after September 1. 1919. as an en-
ire issue, or on September !. 1921, or
nv interest date thereafter for an an
lusl sinking fund Of $4,000. beginning
une 4. 1921. To this sinking fund will :
10 added the interest on bonds retired
hereby. Secured by first lien on entire ;
ropertv. Listed on Philadelphia Stock b
,xchange. Interest paid without deduc- :
ion for normal income tax. b
No income account or general balance :
heet published. J
James Dale, a member OF the Central
,abor Union. rendered a verbal protest o
caiust the proposed increase before the q
had made an investiga-
ion of the physical valuation of the q
ompany. This. he contended, should
Q made at the expense OF the gas COM h
any. u
Mr.. Bacher also suggested that his A
omplaint be read in which he made a n
milar suggestion as TO having an in C
astigation made OF the company's b.
liant and equipment. q
This caused Mr.. GarrelsOn, one of the al
TO explain that such an
would cost at least $4,000 p
nd he suggested that perhaps this p
Ioney could be furnished by City NJ
ouncll. bl
Mr.. Robertson stated that public A
'rvlce corporations receive their fran az
lise 10 do business from the people b'
no they are TO serve and that the to