The International Quarterly (V. 12)
by Frederick Albert Richardson (9780217083577)

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: LIGHTING SERVICE AND WATER SUPPLY, CITY OF NEW YORK ROBERT G. MONROE GAS and electric service in the City of New York is furnished by private corporations. Private management of gas and electric companies extending over a long period has afforded New York full opportunity to obtain all the advantages which could reasonably be expected to follow the application of business methods to the conduct of public service. For many years the state and municipality have stood together in a consistent effort to create under private ownership a competitive service in the sale of light to which the ordinary laws of trade would ap- ply and where such laws would effectively govern and control. One company after another was chartered that the public might benefit by active competition. Competition was the thing. The Act of Incorporation of the New York Mutual Gas Light Company (1866) illustrates this intention of the legislature. Section 6 reads: " In case the directors of the said corporation hereby created shall consolidate with or transfer the franchise hereby granted to any of the organized gas companies of the City of New York, the director or directors voting for such consolidation or transfer shall be deemed guilty of misdemeanor, and upon conviction shall be punished by imprisonment in the penitentiary of said county for a period of not less than six nor more than twelve months." The Act of Incorporation of the Standard Gas Light Company (1886) also provided: " And that said company (the Standard) shall not consolidate or in any way unite with any other gas-light company in said city or in any way pool its earnings or receipts with any company or organization organized for the distribution and sale of illuminating gas." Likewise the Equitable Gas Light Company was not ...

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