Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-11
WOULD UN|TEFOUR
LOCAL GAS FIRMS
Owners Of Washington Co.
File Application With Mary
land Commission.
Special pispatch to The star.

Special Dispatch to The Star.
BALTIMORE, February 11.-Uniform
control and operation Of the Washing
ton Gas Light Co., the Georgetown Gas
Light Co., the Georgetown Gas Light
Co. of Montgomery County, subsid-
larry Of the Washington company and
the washington Suburban Gas Co.,
formerly known as the Hyattsville Gas
CORPORATION, is sought in an application
filed with the Public Service CommlS-
sion Yesterday by the Seaboard Invest
ment Trust Co. of Boston.
The Seaboard Trust, a $5,0OO,OOO In,
yestment trust, which was ORGANIZED
and chartered under the State laws OF
Massachusetts, on April III, 1922 nov
controls "a per cent of the capital STOCK
of the washington Gas Light Co., ac-
cording to the application, and asks au-
thorization by the commission TO ac-
ouire all the capital stock and outStanu-
ing shares of the Hyattsville utilities
company.
According to the application, which
was filed by Carey, Piper & Han, Bar
timore attorneys, the Washington Gas
Light Co. own all the capital STOCK OF
the Georgetown Gas Light Co, the tWo
companies controlling gas dlstrlDuC lT1
in the District of Columbia; the Wasnz
ington Gas Light Co. of Montgomery
County. subsidiary of the Washington
Gas Light Co., which serves portion
of Prince Georges and Montgomery
Counties, and the Georgetown Gas
Light Co. of Montgomery County,
subsidiary Of the Georgetown Gas Light
Co., which furnishes gas in Montgomery
County.
Would Buy HyattsviIIe Concern.
The washington Suburban Gas Co,
formerly the Hyattsville Gas Co, Is
a MARYLAND corporation, with 25,OO0
shares of stock Of no par value, ano
the Seaboard Trust seeks to acquire
from George D. Woods, the present
owner, 5000 shares, the funded debt
of 1921 900, all bonds, and indebted
ness Of the company TO Mr.. WOODS
amounting to $271, 928.37. No stock OF
the HyattSville company is on the mar.
ket and the value therefore is not
stated, according to the application.
Il The balance sheet of the Washing
ton Suburban Gas Co. as Of November
80, 1880, shows a fixed capital of $685.
43O 90. current assets cash of $13,072.9l
accounts receivable, $28, 440.84; ma
terials and supplies, SIS, 348.21; pre-
payments, $1,548.89, and miscellaneous
current assets of $3.548.41, making q
total of $59, 959.26. In addition 1t had
an unauortized debt discount and ex-
penses of $l7,554.68 and miscellaneous
of So, 703 .95, total of $40, 348.63, max
ing the total investment $946, 1887
Income from operating revenue for the
wear ending November 80, 1880, was
Sl63, 1855, while operating expenses
totaled SOC, 249.36, and Federal and
State taxes and miscellaneous ex-
penses brought the total to $110, 1888.
The gross corporation income for the
year was $50, 704.81, which, after de-
auctions from income on debts, inter-
est deductions, etc., amounting to
$50, 1888, leaving a net income for the
year of $17,616.81, which was trans
ferred to surplus.
Seaboard to Change Name.
The Seaboard Investment Trust
which it Is stated in the application, will
be changed shortly to the Washington &
Suburban Co.'S, has q very broad char
ter which authorizes the corporation to
acquire pr0erties of all kinds as well as
to finance and loan money to public
utilities has $4,000 shares Of stock
without par values, which are held by
the following individuals and COM
panieS:
Harris Forbes Co., 1880 shares;
United States and Overseas Corporation
1880 shares; Lee g. Co., $4,000 shares;
William A. Gutekunst, 5000 shares;
$500 shares; Daniel Washington
$3.50; G. A. England g. Co., $3.50
shares: Edwin @. MacBride, 5000 shares;
NJ. A.. Morrison, $4,000 shares; Knac &
Co., 1880 shares; Marsh & Co., 5000
shares: Edward J. MetZger. 2. 500 shares: