New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1925-11-03

the United Gas Improvement Co.
The Bristol & Plainville Electric
Co. Is a combination OF tho Bristol
Electric Co., the charter for which
was originally granted In 1885. and
the Bristol & Plainyille Tramway
Co. for which a special charter was
granted In 1898, The merger OF the
companies was approved In 1897
and the change OF name 10 the
Bristol & Plainville Electric Co.
was approved by a decree OF the SUI
perior court In 1921.
The authorized capitalization Is
100000 with shares at 500 par.
The outstanding issue now Is $780,
900, an increase OF 100000 having
been authorized In February OF this
years; The companys funded debt
Is $4,000. being first mortgage
liz percent 40 year bonds due In
l9f5 and subject TO call at par.
Line Opened In 1895
The Bristol & Plainvile Tramway
Co. started its electric line on Aug.
II, 1895 and the road proved
profitable adventure from the start.
During tho greater part OF Its exist
ence, a Ave cent fare has been
charged and the company showed
profit and paid dividends. The pas
senger revenue for the year 1924
was s1S4,764.G2 which was about
1914 decrease from 1923. Total
operating revenues, however were
1856, S69.67. an increase of $3.50 over
1923. The company's operating ex-
penses amounted to s165,582.8l.
IL Niles OF Track.
Tho trolley trackage consists Of
approximately II miles and it ex-
tends from Bristol into Terryville,
Southington at the Lake Compounce
terminal and Plainville. 1t is, with
the exception OF the railroad, the
only utility passenger carrying serv-
ice from Plainville to Bristol and
Terryville.
She franchises OF the company are
perpetual. The gas service branch
has 80 miles Of mains giving serv-
| ice In Bristol, Forestville and Plain
| vile. 1t has a modern power plant
with daily output of about $50, 00C
cubic feet and serves about $500
customers. The plant was installed In
| 'G06I VI peUels
| In the electrical branch, there are
about $500 meters in Bristol and
Terryville only. The company buys
most of its electric current.
Besides these, the company oper.
ates a heating plant for business
properties in the center of Bristol
The steam heating system was in
1905.
The company has $500 shares o
stock Of which 1922 shares are helt
in Connecticut and Of the 3l3 share
holders, $50 are residents of thi
state.
10 Per Cent Regular Dividend.
The company has always paid 1
fairly good rate or interest on tn
money invested in it. From tn
period Of 1899 to 1909 the rate wa
per cent and in 1910. 1t was in
creased to per cent. In 1911, an
other increase was made and fror
that year TO 1919, the rate was pc
| cent. TO demonstrate the growth c
| the company in profit making, tn
rate in 1920, 1921 and 1922 was l
per cent. This rate has since bee
/ Ia 1I wit IA n n I Gpn
| Principal stockholders represente
at the last annual meeting and the
Il holdings were as follows: Hartford
II Connecticut Trust Co, 800 share
Miles Lewis Peck, Bristol. %
Il shares; Charles 7. Lamb, truste
II Worcester, Mass. 270 shares; Mo
II ris L. Tiffany, Bristol, 265 share
II Mrs. Clara NJ. Ward, Bristol, 2.
Il shares; S. Addie Strunz, Bristol, q
| shares; Edith Terry Benson, Watel
II bury, 1870 shares; Annie H. Drigg
II Waterbury, 100 shares; Seymour
II Robinson, Hartford, IA shares
| Mrs. Eunice 3. Thatcher, New Yor
j 1874 shares; Frederick c. AtNn
II Hartford, 131 shares: c. Demise
II Talcott, Hartford, 1913 shares; j.
| seph p. Holman, Leominster. Mas!
II 125 shares: Joseph II. Ward, Bri
II toll, 120 shares; Mortimer E. We
II don. Hartford, 120 shares; Nj
| Julia White, Waterbury, 100 share
H John II. Trumbull, 100 shares; MI
H Annie G.. Plumb, Hartford, j
| shares: Mrs. Elizabeth NJ. schreibt
\ New York. 100 shares.
H OFFICERS and Directors
II The officers of the Bristol al
H PlainviIIe Electric Co. are as fC
/ lows:
II President. Albert B. Tenney, lie
II ington, Mass; vice president,
Il Edgar Manson, BrookIine. Mas
II local manae'r, George E. Cockint
II Bristol; secretary treasurer. Nor
H L.. Tiffany, Bristol; general couns
H Noble E. Pierce, Bristol; genel
II managers, Charles II. Tenney G. c
II Boston, Mass.
H Directors. Charles II. Tenn'
H Springfield, Mass: Albert Il. TIE
II ney, Lexington, Mass, William
H Putnam, Hartford: John II. Tru
H bun, Plainvillc: Robert f. Orig
H Waterbury; Noble f. Pierce, Br
II toll: Morris l.. Tiffany, Rrist
II Charles T. Treadway. Bristol; L
II ward NJ. Bradley. New Haven.