The story of Pittsburgh: Petroleum and natural gas : in two parts

Petroleum and natural gas : in two parts (Vol. 1, nr. 10)

Bibliographic data

Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831623455

URN:: urn:nbn:de:zbw-retromon-239811

Document type:: Volume

Title:: Petroleum and natural gas : in two parts

Volume count:: Vol. 1, nr. 10

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1923

Scope:: [ca. 24] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Petroleum and Natural Gas

Collection:: Economics Books

figure to 843,000,000 gallons by end of 1923, compared with 1,259,000,000 at the end of March. The importance of the subject makes it necessary to issue this booklet in two parts, of which this is the first. In the following pages the First National Bank gives par- ticulars of a number of companies and corporations engaged in the oil and gas business. Others will be discussed in the succeeding number. PHILADELPHIA COMPANY One of the great corporations of Pittsburgh is the Phila- delphia Company, which was incorporated in 1871 and organ- ized as at present in May, 1884. Philadelphia Company has a very broad charter, which enables it (1) to act as a contractor or as a builder, and as such to build, construct, maintain and manage for others; (2) to act as principal, and as such to build, construct, maintain and manage for itself; (8) to act as a purchaser, and as such to buy, maintain or manage, in its own name or otherwise, “any work or works, public or private, which may tend or be designed to improve, increase, facilitate of or develop” trade, travel, transportation and conveyance of freight, live stock, passengers, or any other traffic, by land or water, from or to any part of the United States or the territories thereof. Philadelphia Company’s major subsidiaries operate the public utilities which serve the Greater Pittsburgh district, having a population estimated at 1,500,000, with gas, electric light and power, city and interurban electric railway service. It also operates many commercial enter- prises which augment or are closely allied with its public utility services, including oil wells, coal mines, steam heating plants, river towing, real estate, automobile service, steam railroad, and stores for the sale of gas and electric appliances and fixtures. The company’s property and security invest- ments are conservatively valued at $250,000,000. Securities of Philadelphia Company and affiliated corporations owned by the public amount to $195,890,450. Dividends on Phila- delphia Company common stock have been paid every year since 1885, (except 1897,) at rates averaging 69,. Total

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