| Show NATDBAL GAS The Stockholders Awaiting the Arrival of Major Doxey He Will Be Ire Jomcfme llib Went with a Now Proposition The Clearing Hcusa Efturns itcal Estaie tramfcra The scheme to pipe this city with natural gas still hangs lire The stockholders of the Now American company held a meeting meet-ing Monday night They are very reticent as to the proceedings but it is understood I that no aeflnito conclusions wero formed Mr Driver favors the proposition which has been submitted to the company by Rhodes Brothers of Denver but the rest of the stockholders aro slow to accept it The particulars of the terms which arc offered by Rhodes Brothers arn kept a secret by the company but there is no concealment the fact that they arc much more favorable than those submitted by Major Doxey early last opring The lack of action which characterized the last meeting may be nttrlDuted to the anticipated antici-pated arrival of Major Doxey himself Mr constant expects him hero by the latter part of this week The stockholders think that the object of Major Doxeys visit is to submit another proposition to pipe this cityWo Wo have three parties bidding for cur franchise said ono of tho officers of the company and we intend to take our time in disposing of i It is the most liberal franchise in the United Stale no other cit > in the Union permits such a largo price for natural gas Tills being the cac we have the beat inducement to ofler to eastern capitalists and wo do not propose to release this gas privilege for a pot of musn Other stockholders they are in the minority however think otherwise These maintain that by its dilatory dick erlngs tne company will ultimately discourage dis-courage outside capital and in u short time will have so completely disgusted eastern investors that they will decline to nepoiiae Ono of the stockholders who held this opinion said yesterday iha trouble with our company is the fact that it wants too much for a cerlain amount of money It wants somo outside man to come in here erect a plant take his pay in stock and give our loral men tie controlling con-trolling interest This sort of proposition is favorable enough to the company but it does not awaken enthusiasm in Ihe breast of outside capitalists We have had several propositions one of which at least I think should ba accepted but it was refused on tho ground that it gave tho eastern investor too much for his money 1 think that before the ciy is piped tho company will regrot the action ac-tion which it took regarding that proposition proposi-tion You do not doubt then that the city will be pipedV Oh no Natural gas will Do brought here but I do not thing that it will be right off In truth I would be surprised anybody in tho city was burning natural gas a year from next Christmas Since we disincorporated the old company and founded the new one we have learned a great deal I thintt that it would bo a good scheme to disincorporate about every six months aon |
