The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1877-06-27
WATER FOR THE CfTY OF LAMBERT
YILLE.


VILLE
Books are now open for subscriptions to
the stock of the proposed water company.
This is the first effort, or call, Of the Com
missioners named IN the last Supplemental
Act to the original law, which created or au-
thorized the Lambertville Water Company
to receive subscriptions to the capital stock
We remember the efforts that were made
and the hopes inspired by the active exertions
Of a few persons, to introduce water into the
city, and also, have to regret the failure Of
those efforts, which leaves us now without
this great luxury and source of comfort
Estimates and examinations have been
made by those who are fully able and compe-
tent to form ali opinion OF the feasibility of
the undertaking, and of the supply Of water,
and they have reported favorably. Offers
have been made to put he water into the city,
receiving, as compensation, the usual laits
paid for water in other cities.
The City authorities did not see fit to ac-
cept of so favorable an offer, and it was re-
jected.
We are aware that tile times are not pro-
pitous for undertaking such an enterprise,
when considered financially, and we must ex-
pect to hear the remark from many that mon
ey cannot be raised to pay for the work.
To those who do not reflect on the subject,
1t may seem true that money is hard to raise,
but in reality we are expanding during the
year, mucIismore than the actual outlay re-
quired for the work, besides losing all the
comforts and advantages that pure wafer win
afford.
Estimating the water supply for the City,
at tie present depressed state of prices, to
cost $25, 900 (Afr. Morris estimate being $780,
600, some six years ago. the saving to our cit
izens for one year, in the article of soap, the
hauling Of water, and sprinkling of the
streets would be $2,000--the interest at s per
cent OH the outlay, and in twelve years the
original outlay would be returned, leaving
the water, with all its advantages, to the citi-
zens, free, simply by economy or saving Of
yearly expenditures
The increase in the value of property, and
the security against fire, should induce every
HORSEPOWER and rentor to take three or moro
shares Of the water stock and add the water
TO each dwelling that will DO within the range
Of the proposed supply.
Without designating the stores, hotels and
other valuable buildings, we will assume that
we have seven hundred dwellings that will
pant would take three shares of stock, fund
of S2i,0 900 would be secured sufficient to
construct works for all present practical pur-
poses.
Looking upon this matter as money In
vestment for tho citizens Of I.ambertville, we
find, in one year after completion Of the work,
we shall have an interest of per cent. on an
investment on $4,000 in the saving and
economy Of our household expenses, water
hauling, ard street sprinkling.
BY the increase in the value OF property,
we will have at least $2l 900, SO that, in real
ity, there will be fall value returned for the
outlay, and 8 per cent interest, and have all
the luxury and comforts Of pure water, with
out price.
Much Of the investment can be paid in la
Dor and material, and now while there are no
other methods offering for unemployed time.
is it not fit opportunity to employ ourselves
In this undertaking, when there is so much
need of economy in our expenditures, where
BY We may meet the emergencies Of the times ?
There must be change for the better, and
before we are fully aware, business win so in
crease that we will not have the time
There must be q commcncement to all en-
terprises, and with the conservative princi-
pies, and the known practical economy of our
citizens, is it not 3 fitting time to press this
project?
A mistaken notion, very many have, that
capitalists must furnish the means to give
water to the people of city, whereas. the
laboring classes are the great consumers of
water, aud it Is more essential to their COM
fort than to the wealthy therefore, they
should have the water in the greatest abund-
ance, and at the lowest cost price, and should
own and control the works, and not permit
capitalists to add 10 per cent. dividend to
the consumer Of water.
We trust the meeting of Wednesday, the
9th inst, at 8 o'clock P NJ, will be fully at
tended by all interested, and that the sub
scription books of the Commissioners will be
literally filed, not with large amounts by in
dividuals, but in small amounts by numbers,
and that water may speedily be introduced in
to our city.
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