The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1866-08-09

ing the price of gas in the city beg leave TO
make the following report:
Being fully aware that there are many of
our citizens who believe the price paid for
gas in our city il unrsasonably high, and
that the city, having the power, should re.
quire its immediate reduction, and believing
that this demand is made upon the supposi-
ton that the Gas Co. can afford to furnish the
gas at a much less price than thew are now
charging, and not because they believe the
Co. should furnish it below cost to t7sn1, or
even at g price yielding them no profit;
your committee have taken some trouble
to procure facts and get information that
would enable them to determine the question
as to whether the Co. were charging the con-
sumers an unreasonable amount upon the
cost OF producing it or not.
From letters received from all the primer
pal towns on the upper Mississippi river in
reference TO the price charged for gas from
a written statement made by the secretary of
the Gas Co, together with the balance sheet
of the business of the Co. for the year 1865;
all of which is herewith submitted for your
inspection your committee are forced to the
conclusion that the price now charged for gas
in our city is less compared with the cost of
producing il than II was when the city gave
the Go. permission TO increase it to where it
now is.
Your committee therefore report adversely
to action proposed ut the last meeting.
All of which is respectfully submitted.
Signed C. TRuEsDALE,
w, F. GILxoRE.
On motion of Aid. Bogus the report was
accepted and COMMITTEES discharged.
The special committee appointed to confer
with Mr.. P. l.. Cable, submitted the follow
ing report.
Gentlemen of thesG City Council Your CON-
mite having in charge the matters connect
ed with the suit of the city againss Mr.. P. L.
Cable and others respectfully beg leave to
report AN
That they have been furnished by Mr. Ca
Bile with detailed statement Of the amount
of the Indebtedness which he now holds
against the city. 1t is as follows:
I3-R. l. s P. r. R. Bonds 81 600
each, sl3, 900 90
Past due coupons from r. i. s PR.
r. bonds, s IA 800 90
Interest at per cent. from maturi
ty on same l,4s7 90
Judgement VS., city past due
coupons, s,s67 65
Interest thereon to date at 6 per
cent, I,529 OF
Making in all s39,6s3 70
Your committee would further report that
after due consideration of the facts above set
forth; in view of the grsa. liberality of Mr..
Gable in his recent munifcent donation to
the city of SIS, 900 of it's Indebtedness and
believing, as we do, that he has no wish or
desire to speculate out of the financial en-.
barrassments of the city growing out of its
connection with the R. l. Il P. r, r. Co.; but
upon the contrary. believing hin to be ex-
tremely DESTROYS of aiding go lar as he possi-
bly, can, in freeing the city from it's indebt-
edness considering that litigation by the
CITY with one of it's citizens having the true
interests of the city at heart 10 likely to prove
detrimental to it's best interests; having con-
suited with the city attorney, in reference to
the suit and other matters between Mr.. Ca
BILE and the city, and having been informed
by them thar they did not intend to charge,
nor do they expect to prove any moral fraud
or delinquency on the part of Mr.. Cable in
his management of the r. /. & P. r. R., but
all charges of that nature in the bill against
Mr.. Gable grew out of the construction of the
law deemed applicable to the case and bein z
advised by them that the pecuniary interests
OF the city will be best subserved by settling
all matters in dispute with Mr.. Gable upon
the terms and considerations hereinafter stat
ed; your committee, therefore, most respectful
ly recommend and ask that you make or
authorize TO be made the following PROPOSE
n
matters in dispute between him and the city,
viz IS
The city to pay Mr.. Cabl- s19,Sl6S6 with
aceruing interest on that amount, within sixty
days from the time he signifies his willingness TO
accept the propositions herein made.
The city to reliuquish to him all its right title
and interest to it's stock in the r I. & P. R. R.
Co.
Guarantee to the R. l. &PR r. Co., or their
legal representatives. all rights and privileges
now enjoyed by said Co., within the city.
They will further contract for the use by said
road OF the fractional block of ground lying
north of Water street and in front of block 6
in old town on the same conditions that the
said road is using its present depot grounds at
any time after said road shall have been extern
ded so as to connect with any other road thereby
making another southern eastern outlet from
the city.
Dismiss the suit commenced by the city
against Mr.. ?. L. Cable and others in the circuit
court of this county-withdraw all defence to
the suit pending in the L. S. court at Chi
cago BY Thomas F. Plunkett against the city
and Others.
Pay Mr.. Cable a reasonable amount for his at
torneys fees in the above cases, not to exceed
one thousand dollars, on condition that Mr..
Gable will surrender to the city $39 $50, ~ of
its indebtedness which he now holds.
All of which is respectfully submitted.
Gtepo ~ Tpr-