New Britain Herald Newspaper, March 5, 1926, Page 7

NIW BRITAIN DAILY HERALD, FRIDAY, MARCH 5, 1926, e m—— - cpg—— e o of common stock of the consolidated company.'" ' L] Rates Should Go Down i In permitting the merger the pub- Guara t d lic utllities commission says: ntee i case it {s not intended to establish . L R K T Lowest Prices v ‘ : Deferred Payments tablishing the valuation or capitall- 7 f |v|'r|-|‘|-- livided pi t is trul zation of sald several companies or | COMPARE VALUES 2 G PAFISHE LTSIy {ot sald consolld company |basls for rate making purps (Continued from First Page) the proposed merger produces the results anticipated and clalmed by | o ‘ 5 st liberal one, Even If you have or organization. Herrup's ranks firs e ver traded here before, just a fn all these requisites, making . £} Py e = small down payment delivers anye it e onistien make b ] AICHS W ing you choose and small weekly eleetrie plant at Windsor Locks. |the petitioners the tendency of rates | 1I’I:l N SATURDAY EVENINC ) \ b “'-‘n‘v p bl P. U, Makes Repl Ishould be downwards and not up- N S v E i 5 . 1 cone i Mk Ry o 1 UNTIL 9 0'CLOCK CORNER MAIN AND MORGAN STREETS, HARTFORD, CONN. OB L 3 OOLOCE. tlons, the public utility commisslon's |, "The territory covered in the matn | decision says: by the several charters, amendments L) L] [} “The only opposition to the pett. |And acquisitions, is composed of the r l b’ L {lon came from Mr, Samuel Fergu. |01l0WIng connecting townships lo- arillg a e ar s omorrow ornln son, who owna ten shares of the |cated in the central-northern part i Thompsonville Water company's [0f Connectleut, to Wit SWindsor, stock, and who claimed that the | South Windsor, East Windsor, Wind merger of the Connecticut River 80F Locks, Granby, East Gr1‘n\»\. R g- company with the other utility com- | Suffield, Enfleld, Somers and Staf- | l 0 llr a( e u a e panies would be in the nature of a |ford: i c 2 % -r rln ls speculation which should not be as- | No Legal Barriers Ty ——— sumed by or imposed upon the oper- “There 18 no statutory prohibition efl” i “ ating utility companies. He claimed |In Connecticut against one utility ?“”1‘ e fl QMG that the gross corporate income of |company holding and owning the the Connecticut River company of |stock of another ufllity ~compans: i approximately $§0,000 was entirely | Sectlon of the statutes passed / ( out of proportion to its capitaliza- |[in 1915 provides for the merger or 1l tion which at the present time s | consolidation or t aking of com- £1,000,000 but which he cstimates as |mon stock of util 0,000 us its part of the caplitali- | fect to the appro zution of the consolidated company, |of existing cha Benefits For Consumer merger and rrvnml\‘hvlnn “The revenues of the Connecticut |Companies, without spe Rivor company in the past have been |tions, and requiring th derived from the sale of water pow- |MErgers or consolidatio) er by contract or lease, to manu- ‘rmlw the approval of facturing plants in the vicin d ties commission. This fo the Northern Connecticut | « no reference to charter and Potwer company, but it appeared | thorizations. from the evidence that with an ad-| “The commisslon construs ditional development costing approx. | provisions of the sev . the Connecticut |[coupled with the pre r company could generate and |tion 3651 of tl 1l electricity for power purpose to | sufficient legal warrar the different manufacturing com. posed merger and con panles, 1n~n~qd of water power to the [the terms md rrvplh i e LA VA S S A S R AN ats electrleity, now being pure s hy the Northern Connecticut Lig) and Power company at a reduced cost, and that the latent and unde- Directors— veloped power rights pmner:q | York; Georgs De would bhe of great valus to the seve | York; T. M. Moffat, New York; eral utility companies. ter Sehwabe, Actual Cash Cost “Mr. Ferguson further clalmed T that in the finanefal set up of the | lar Willlame conselidated company, the \w-)u-“«lwr\‘ Schwabe, pres would have to p: st of ac. |ldent, Thompsonville, Conn.: Loring quiring the property, and th N. Farnum, vice-pr moters none, although retaining “ork; J. Dugald Whit common stock and the control of the | ¢ York: James A, T company. The evidence showed that e ar and assistant the actual cash cost to J. G. White 1 T. W. Moff: company, Tnc., s approximate- 188,907, and that after the sale proposed new bhonds and pre- oF 7. TO CHANGE RATES forred stock, at estimated discount adelphia, March 5 (®) — Th ere will he a balance of be- | 1" sty of Pennsylvania athl 0 put in peil s contemplating {pany. Ino.l| the es of football s e represented by its holdings i ne known today. New Britain’s| ye [iying Room Sensation of the February Sale Won der This Magnificent Fight-Piece Living Room Group Complete for Market ‘ Luxurious Davenport, Arm Chair and Wing Chai Davenport Mirror, End Table, Occasional Table The Better Quallty Davenport Table. Table Lamp and Bridge Lamp. 5273 < g p s Group Into Your Home at Once, or Reserves It for | 2 ! , . S’ Ve Later Delivery! Easy Monthly or Weekly Payments! Low Prices Ten Dollars Delivers This Complete Living Room LEGS GENUINE LAMB. 7 to & Ib. average. CHOICE YOUNG FOWL PRIME OVEN ROASTS. ...... Ib (HOICE VEAL CHOPS. 1 . ; | T ke this t s for This Walnut Bedroom Suite HO\]‘;L[‘;.\'\ POT ROAK RSO e : it ’ i 1 “ ' (hoice of Any Three Pieces TENDER SHOULDER (LOD\ ; . : IRIRIouERARS St elidine the lavee dresser, full size bow=foot! hed, 4= LEGS MILK FED VEAL...... clb - Dining Suite ; S b e HOME MADE SAUSAGE..... . i eatinet ~ariaitin 1 fonicr, LOI\ POR]\ ROA\TS 1d finished in American : : $1.00 Weekly. ed design. Four pieces Advance Showing of Our New $1.50 Weekly LEAN FRESH SHOULDERS. . " SR ' Line of SHOULDER LAMB ROASTS. . :Z clh i g L Refrigerators TENDER SHOULDER ROAST | =L AT ' FRESH CHOPPED STEAK... FRESH BEEF LIVER 3 BEST PRI\T 9 L \R('lu ROA\TL BUTTER 2 lbs. 8c CHICKENS (ome See Our Fruit 'stand——Ml Kinds of Bal;zams eI =2 i ! il ¢ T 3 =N | = -l S -] | GUARAN I EE apartments—Keeps food per- 3-Piece Davenport Bed Suite J 10 20 30 M k t i Eatt For genuine service and for additional sleeping quar- — T acquard ng Room suite, ¢ has lonse s 0 ters there is nothing we can recommend more highly S c ar e § .: T e S : - han this three-piece davenport bed suite. The daven- 1 he N This Is A Chain Store Opp. New Hotel $1.00 Weekly.