The record-union., 1892-10-11
so as to confine the new company to the
use Of electricity exclusively.


Mr.. Henry promptly informed the gen.
tleman that Mr.. White was not his at
torney.
Mr.. White said he owned considerable
property along the proposed new railway,
which would be greatly improved by it's
advent, and he wanted to make sure that
the road was built. Resuming his argu-
ment, he said that Mr.. Lindley's sugges-
ton thai the new company's earnings be
taxed by the city was good one. He
read section of the new charter to the
effect that railways getting franchises
shall pay at least one per cent. of the
gross earnings.
Mr.. GalIatin asked Mr.. White if he
thought it would be fair to tax him and
Mr.. Livermore when Mr.. Henry was not
taxed.
Mr.. Whites reply was that two wrongs
dld not make right. Because the board
had made a mistake was no reason why
IL should not do right now. Mr.. White
next paid his respects to the $50, 600 bond
that Messrs. Gallatin and Livermore pro-
posed TO give to guarantee the completion
Of their road. He said the bond con-
tanned one of the most
CUNNINGLY DEVISED "JoKERs''
lie had ever encountered in franchise.
Under its provisions the city could not
collect cent If Gallatin and Livermore
found out that they could not sell their
franchise and chose to get out Of building
the road. Why did not they put forward
a straightforward proposition TO build the
road or forfeit 200, just as Mr.. Henry
had agreed to do? They simply agreed
to forfeit $4,000 if material was not con-
tracted for within a year.
Mr.. Livermore sad he would amend
the franchise to fit this objection, too.
Add. G. Hinkson then got the floor.
He proceeded to answer all of the argu-
ments that had been made against the
proposed new road. He Jumped" Mr..
Ltndley for his assault upon Mr.. Gallatin,
characterizing the East Park affair as be-
ing simply case where Gallatin had
shown himself to be smarter business
man than Lindley. He ridiculed Lawyer
Whites arguments, and wound up with
an objection of his own to the franchise.
The wording of the latter, he said, made it
appear that cars would only have TO pass a
given point every fifteen minutes in one
direction. He desired to amend by max
ing it read sin each direction"
This, too, was acceptable to Messrs.
GalIatin and Livermore.
Trustee Conklin said be agreed with
Mr.. White that the bond of the applicants
did not read right. 1t should set forth
squarely that unless the road is built and
operated in the specified time the S25, 900
should be forfeited.
I'VE accept that amendment and will
give exactly such bond" said Mr..
Liyermore, whereat the audience ap-
plauded again.
Mr.. Livermore said there was no inten-
ton 10 do any Joker" business. He had
simply copied from the franchises
granted Mr.. Henry.
FAVORED THE TAX.
Mayor Comstock was in favor of tax
ing the new company, but was willing to
that Crni int off TO
fifteen years.
Mr.. White thought that was too far off.
and this prompted Trustee Green to sug-
gest ten years as the limit
Mr.. Livermore objected to this. Mr..
White, he said, based his argument on a
section of the new charter. But the char
ter did not go into effect until January.
1894. The section was practically publi-
cation to the investing world that they
must get in before the charter goes into
effect if they would escape taxation. Be
sides, 1t would not be tair-and be was
satisfied that the people of Sacramento
would not insist upon ito tax the new
company and not the old.
Mr.. Gallatin also spoke against the tax
alton proposition, and the board finally
dropped it,
Clerk Young and Attorney L. T. Hat
field, attorney for MessrS. Livermore and
Gallatin, then proceeded to put in the
amendments agreed to, namely: Chang
ing the bond so that it simply provided
for the forfeiture of S25, 600 if the road is
not built and operated: that there must be
at least a tifteen-mlnute service each way:
that the power must be furnished from
Folsom, except that power may tempo
rarily be generated by steam in case OF a
breakdown; that electricity shall be the
only motive power used.
THE FRANCHISE GRANTED.
After everything was ready E. c.. At
kinson stepped forward and addressed
the board. He said he had come there
with a protest in his pocket against the
use OF l street by the new company, but
since he had heard the debate, since he
had heard personalities INDUCED in, and
heard the attempts to grind down the
capital that was ready to be invested in
Sacramento, since he had become salts
fed that the new company was in earnest
he proposed to keep the protest in his
pocket. He was now the friend of the
new company.
Mr.. Atkinson was loudly applauded for
his remarks.
The talk about taxing the new COM
pany was then revived by the Mayor, he
proposing an amendment that the tax go
into effect at the end of fifteen years.
Messrs. Livermore and Gallatin held a
conference, and then announced that thew
NOdlN SNCSSpb AiiC dIuClUItleill, DTOVlUeu
it was specified that when the tax goes
into effect the regular license of 50 per car
ceases.
This was agreeable all around, and was
adopted by the board.
The Mayor then called for a vote on the
franchise and it was granted by unani-
nous vote.
ELECTRIC LIGHT AND POWER,
AT the afternoon session Clerk Young
read the franchise, introduced last week,
granting to the Folsom Light and Power
Company the right to introduce and
maintain system for the distribution of
electric light and power throughout the
city.
Trustee ConkIin thought that the dis
tributing plant should be outside the city
limits, to which Mr.. Livermore readily
acceded. He said it would be preferable
to the company TO have it's ditfuSing sys-
tenn outside the city, but they would be
willing to have the franchise so amended
that if at any time the Trustees should
prefer to have it within the city it could
be removed. He said however that it's
presence would entail no more danger
than the plant now in operation here.
AS a matter of choice, they would locate
outside.
Mayor Comstock seemed TO be DESTROYS
of having the plant within the city, as it
would add to its taxable wealth. He
thought 1t best 20 leave the matter open,
and 1t was so ordered.
The roll was called, and the board, by
unanimous vote, declared the franchise
granted.
Mr.. Livermore assured the board of
his conviction that in the near future its
members would be gratified at the bene-
fetal results to the city from the granting
of these franchises.
t"WORT2 a GUINEA e BoX."S
SO~O~~~~O~~~~~~-~.~-~~~- ~O~-~~~0~~~-ON~o~
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