STATE GEOLOGIST. 43 
Amount. Date issued. Due. Rate. Interest. 
$ 75,000.00.... May 10, 1889 .... May 10, 1919.. 4144%..$ 3,375.00 
100,000.00..... Oye; aly US) soce (OG. a se eb so eH DUUKU0 
100,000.00..... Oct lee SSOmen ny Octy el lS 04h 4 es 5 14550000 
150,000.00..... OctlntS89 eo eee OCtey ll 909 ato. 657/50:00 
150,000.00..... Octal SSO eee ce mOCt me leona 4 V5 wee O1000.00 
175,000.00..... Owe, il, WSO sooo OB, th UND. BA oo) WasnM0o 
100,000.00..... Toby iy WOR cess duky al, Oily, 6 4 6 A HRIULW) 
300,000.00..... Oct. 2, 1893524.  Octe 2721903%., 416) 5, 13,500.00 
$1,150,000.00 
“In return for this expenditure of $1,150,000 the gas plant has paid 
from its earnings only $100,000 in dividends to the city. This money was 
used each year to pay a part of the interest on the bonds: 
Totals. 
SOD eo MMS Zeta ise tls are outer chetege cos els $ 20,000.00 
WIEN AT Asai G15. 6.6 bio S.6 OOO SO Oto eo $20,000 
(OXGTS ES IU eo bas Seo ots tooo Grote Omen enon ere 10,000 
IDG; “SO, US 8S.5 bea eh 6 copa OO moore 10,000 
40,000.00 
Vitae 9 RAS OAR rep wersechay cra sae tene ert xolieleiie eveleenes 15,000 
OCU PIS RRLSO Artem ueit tw cle cdsihor ee cies ele coue 10,000 
25,000.00 
WIRE Abs ILE S arsid cla eon CRomEOoR enn ee Ot 10,000 
ANDERS >: yy Oe SBS Bos coe OL mor 5,000 
15,000.00 
$100,000.00: 
“Thus it was that the statements of January Ist, 1896, showed an 
invested debt of more than a million dollars not even paying the interest on 
the bonds outstanding. 
“The winter of 1896 disclosed no untouched resources; rather, in 
fact, the supply of gas again became noticeably deficient. Later in the 
year, however, new territory in Ottawa county, Ohio, was developed, and 
from this field a pipe line was constructed to the city, so that the gas was 
turned on with satisfactory results in February, 1897. But in another year 
the supply became less and less sufficient, with the inevitable result that 
the municipal gas plant soon lost nearly all its patrons and maintained 
only a desultory existence through 1898 and 1899. Finally in the latter 
year all that part of the gas plant outside of the limits of the city of Toledo 
(including territory loaned and leased, pumping stations, pipe lines, tele- 
phone lines, etc.) was sold to the Kerlin Brothers for $102,000. As the 
city then had no gas to supply its lines the trustees entered into a contract 
with the Kerlin Brothers Company for a supply at twenty cents per 1,000 
cubic feet. Under this contract gas was furnished the city until Jan- 
uary Ist, Ig901, when the supply was discontinued. 
