, 1877-01-12
A SPLENDID INVESTMENT.
INTENTIONS AND PROSPECTs OF THE
BERKELEY WATER-WORKS
COMPANY.
An EnterPrIse that f. EnHtIed TO the
FuIIOAG Confidence.
PRESENT AND CONTEMPLATED I'M.
PROVEMENTS ACROsR THE BAT.
Easy Terms OF Payment and the Promise
of HandsOme Dividends.

"En''rprises of great pith and moment to
the moneyed men Of this city have always at
fractions which command recognition. Some
times they refer TO mining and at others to ag-
riculture, manufacture, commercial speculation,
real estate and other schemes for investment and
profit. OF course, whenever financial prospects
are more than usually bright, they present the
strongest claims to the attention of capitalists,
no matter what may be the character Of the pro-
ject. This is attributable to the fact that nova
days, and perhaps especially in this city, every
one who has money to use is careful to investi-
gate the nature of the investment and become
well posted on all essential particulars. To act
otherwise would indicate ignorance or reckless
ness, for which there can be no intelligent or
reasonable excuse whatever.
WORTHY OF FULL CONFIDENCE.
For a long time past no project of a more
promising character has been started in this city
than that Of the Berkeley Water-works Company,
Of Berkeley, Alameda county, California. This
company has been founded for the purpose of
| supplying the township of Berkeley and North
| Oakland with pure, fresh water for domestic,
manufacturing and other uses to thepublic gene
rally. By the right OF purchase the company
has become the owner OF certain water privileges
which in q few years will be Of immense IAlue,
as they afford the only available and practical
means for the future water supply Of all Berke-
| lev township. The sources OF this supply are
from the Cordinices creek, and five never-failing
crystalline springs, owned entirely by the Berke-
| ley Water-works Company, which has Just COM
pleted the first reservoir Of 150 million gallons
capacity, and mains to supply customers are now
| being laid. There are several other reservoirs,
which will be completed as they may be re-
quired. Having abundance Of water, and
| constantly increasing population, an investment
in the stock Of this company is confidently rec
commended as one that must not only prove re-
muneratiye, but as one that Is exempt from any
risk or possibility of loss, such too often at
| tend co-operative ventures. The capital stock
consists OF 10000 shares at SO each, payable 81
per month. This easy mode Of payment is
further inducement TO Investment as there is
no doubt that the company viii be paying hand
some dividends before the full installments are
| satisfied The Directors are, ii. b. Bergman
and G. @. Fowler Of San Francisco, and y. Chap
pellet, q. +. E. BrinkmAn and Samuel Folger
Of Oakland, and the principal ONCE Of the COM
pany is at No. 472 Seventh street, Oakland.
THE PRESIDENTS EXPLANATION.
In asking permission to lay pipes the Presi-
dent Of the company explained that the follow
/ ing named streets or avenues would be included
| in the operations OF, the company.
From the intersection Of Rose and Shattuck
| streets to the intersection Of San Pablo avenue
L
nue. running south to Dwight way also, from
the intersection Of 6hattuck avenue and Rose
| street running southerly TO the intersection Of
| Shattuck avenue and Dwight way also, from
| the intersection Of Shattuck and University ave-
nues running westerly to the Berkeley wharf
also, from the intersection of University and
Dwight way running westerly to San Pablo
| road; also, from Strawberry creek along Uni
versity avenue TO Dwightway also, from Straw
berry creek southerly along the road where the
horse-cars run from Telegraph avenue to Dwight
| avenue.
The Presidents application was granted with
| the proviso that the Berkeley Water works Com
pany agrees to leave streets or avenues through
| which Il lays its pipes in the same condition as
| they originally were, snd also, not to lay its
pipes within two feet Of any other pipe. Such
4 an arrangement was considered satisfactory to
| all parties interested and the works Of the COM
pany were. ct once vigorously entered upon.
| Already great progress has been made and in
/ short time this important water scheme will re-
ceive full practical effect.
SOLID ASSURANCES.
All persons who have taken the trouble to in
vestigate the merits Of this enterprise, speak re-
| Rarding it in the most confident terms. Il is
| well known that the population Of north Oak
land and Berkeley is rapidly increasing, and
that not only are new buildings being erected in
large numbers, but that the value Of real estate
is Sppreciating every day. Some well-known
business men Of San Francisco have now ele-
CANT residences near the University, and many
others who are strongly impressed with the
great advantages offered by the climate and
location of Berkeley, are seriously considering
the desirability Of also fixing their abodes there
in houses of their own construction. 1t is fur
ther said that the proprietors Of Woodwards
Gardens are contemplating the removal OF that
great popular resort to Berkeley. This would