Annual Report of the Board of Gas Commissioners of the Commonwealth of Massachusetts 4
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75 public, in price or quality of service, were of the opinion that the public interest would be well served by granting the prayer of the petitioner; and, on the fifteenth day of February, 1888, issued the authority as contemplated by the statute. The only opposition to the petition was from the Edison Electric Illuminating Company, which had already in successful operation a plant of considerable size. It was ably and persistently urged, that to grant the petition would subject this company t...o an unequal and ruinous competition ; that the surplus and assured profits of the Gas Company would be used to supply electric light at a loss ; that the original establishment of the plant was a public benefit ; that the shareholders were entitled to great consideration for having first invested their money in this direction, and that it was neither fair nor just that these investments should be thus seriously imperilled. As soon as the hearings were begun, negotiations were entered into by the petitioners and respondents, looking to a purchase by the Gas Company of.
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