The Columbus journal., 1893-06-28
CHARLES A. SPEiCE.
NIELs Olson,
HENRY RICKERT,

Platte county can recover Of said Muir
ply for such, sums paid him as shall
have been found in excess Of three
dollars day.
Looks Encouraging.
The proposition of the Water Power
company herewith attached looks to us
as a step in the right direction. Not
that We are now in favor of issuing
bonds to the amount of $4,000, for We
think it will he entirely unnecessary;
the amount asked for, the city Of Colum-
bus and the citizens within radius Of
twenty-five miles should be able TO raise
in thirty days. The direct benefits to
he derived from this immense enterprise
to every man owning foot Of land in
Platte county are plainly apparent. The
benefits to be indirectly derived from
the construction and utilization of this
permanent water power to every busl-
ness man and artizan have been fully
laid bare and acknowledged by all.
Fifty thousand dollars seems but mere
bagatelle to such an apparently advan
tageOus boost to the prosperity Of Co.
lumbus. To issue bonds seems unnec-
essary, and that the amount will be
readily subscribed by individuals is be-
yond a doubt. The people attracted to
this city by the building of the canal
and the money spent during its con-
structiOn will be of lasting benefit to
every man engaged in business in town.
And when completed many good and
useful additions will be made to our
inhabitants and their labors will lend to
the prosperity of the city. We do not
wish to be understood as Objecting in
any respect to the proposition as sub
mitted and the arguments set forth,
because we believe them to be sound
and in the best interests of the public.
By all means We should have the canal !;
by individual enterprise if it is at all
possible;aby public aid if necessary-the
canal at all events. Inquiries have al
ready been received by the company,
from manufacturers who think this a
good distributing point.
To the People of Columbus and Vicinity ::
The Columbus Canal and Power company, hav-
ing spent several months in diligent study Of the
canal question, representatives of the company
having made a personal examination Of the
canals both at Gothenburg and Kearney, in this
state, and having submitted our surveys and es-
Inmates for both the bluff and valley routes to
practical engineers of known reputation, We
have, after duly considering the advantages
offered by both routes. and being governed
somewhat by the suggestions and advice of prac-
tical water power men, arrived at the following
conclusions:
First. That a valley canal, supplied by a
stream that furnishes at all times Of the year the
volume of water carried by the Loup river. will
insure Us a water power uneQualled by any in
the state. If. however. we were deriving our
source that WAS at times limited, then would the
necessity exist for the construction of the bluff
canal. Az such is not the case, We have an un-
limited and unfailing supply from the Loup
river, we deem it unnecessary and ill-advised TO
construct and maintain a canal twice the length
"a tIic SoAAct IOutcs cutOluu8 &ItSAt eXpouui-
ture in the construction Of large reservoir. the
digging of a tail race five miles in length. the
additional expense for right -of-way and crossing
over public highways, together with the in
creased cost and still greater increased loss in
transmitting the power three times the distance.
We further find, after submitting our survey and
estimates to eminent hydraulic engineers and
electricians. that the construction of a valley
canal of sufficient capacity to furnish for dis
tributiOn 5000 horse power. and electric arpli-
ances for the transmission of same. will cost not
less than from Sl50.OOO to $2OO.OOO.
Second. BY investigating and acquainting
ourselves with the formation Of companies SIM
liar to this. we find that there are usually two
classes of stockholders, one the owner Of large
real estate interests and those who are not. One
of the results of building canal is to immedi-
ately advance the value Of realty within a ra-
dius Of twenty miles Of the plant, consequently
the stOckhOlder first named is amply repaid for
his investment in the enterprise through this
immediate increase in value, while the latter
stockholier will derive NO immediate returns on
his investment, but must wait. not only until
the completion of the canal. but until the fac
tories to utilize this power are established.
The direct benefits Of the first stockholder
over the latter are apparent to all, and for the
purpose of placing all on an equality and doing
justice to all interested, we ask that assistance
be rendered this company in the shape of bonds
or bonus. or both, to the extent Of $4,000.
Our limit for voting aid in this city for enter
prises Of this character has about been reached,
but we will ask that Columbus vote its limit
We will also ask from Columbus township.
whose lands will be most directly benefited, q.
reasonable issue Of bonds; we will then expect
that any deficiency in the amount asked he made
mp by q bonus from real estate owners, either in
cash or land.
On the securing of SO 600 as aforesaid, we will
agree and guarantee to complete a stock conn
pany Of $4,000 paid mp capital stock; all stock
holders sharing alike in this bonus in proportion
to the amount OF stock held by each; and will
further guarantee to construct canal Of not less
than seventy-fve feet in width, furnishing an
estimated capacity of 5000 horse power and in
surins q water power second to none in the
state, one of which Platte county may be justly
proud, and Of ample capacity to warrant us q
city OF not less than 2, 600 inhabitants.
Citizsns. here is a chance to build mp your
town; farmers. here is . chance to add 8 per
cent to the value OF your farms. to build up a
manufacturing center in your midst. thereby fur
nishing home market for Jour prOd9cts. BY a
piisSed and . water power estsbiished that win
Sc the admiratioa Of all. Do yol want it?
". A. AcAI51sIEa. DAVID scHgPsAe1.