The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1893-06-02

9=5S some new develop
ments in connection with the public water
works, but were disappointed.
Inquiry led to the disclosure that it is now
pretty well understood there is a movement
on foot to entirely change the present course
of the project. In other words, number of
our townsmen have combined for the purpose,
If possible, of taking the whole matter out of
the hands of the borough authorities.
According to the gleanings of HERALD
reporter, it was agreed in great secrecy sew.
eral days ago that a syndicate should be
formed to get control of the old water COM
pany stock and make a proposition to the
Borough Council. AS to the character of the
proposition there are many different reports
Some say the syndicate proposes to ask
Council to drop the new water works and in
case this should be done the syndicate will
try to make terms with Mr.. Quinn and the
other contractors by which they will be
satisfied to withdraw and leave the old water
works in possession of the field.
When asked if he knew anything of the
matter Councilman stated last night that
he heard a syndicate had been formed and
that it proposed to offer stock in the old COM
pany to the citizens who might desire it. and
n that way sufficient money would be secured
to raise the $95,OOO fund to sum sufficient
for the completion of the new works.
The failure to bring the matter up last
night was said to be due to a failure Of the
syndicate to get the affairs arranged In con-
dition to warrant proposition.
A gentleman who seemed pretty we'll
posted gave a reporter some facts on condition
that his name should not be used in any way.
He says syndicate has been formed and
among the members are P. ]. Ferguson, J. j.
Franey, DR.. ]. s. Kistler Senator B. J..
Monaghan, T. F. Bradigan, H. W. Titman
and William Neiswender. A promise to
surrender at $50 per share has been secured
from several of the old water company stock
holders and the syndicate proposes te arrange
some plan by which the contractors of the
new works will be satisfied to surrender any
claims they may have. After that the
Borough Council is to be asked to let the new
water works become thing of the past.
But the same gentleman also stated that
the syndicate is not to have plain sailing. It
is said that more than one Councilman who
got wind of the matter have already put
down their foot and declared that If the new
water works are to be abandoned it shall b,
in favor of Mrs. Grant, Mrs. Wasley and
other stockholders of the water company anG
they will not eountenance any speculativ,
scheme by any syndicate.
1t is also stated upon excellent authority
that one Councilman has already approached
people interested in the old water company
and told them that if he and others could ar
range matters with Mr., Qninn and the othe
contractors so that the borough would be ex-
empted from liability under the contracts h,
and other Councilmen would be willing t,
let the old water company have the field.
One gentleman who was spoken to ON tn,
subject was asked what appeared to be a
the bottom Of it, that is, what suggested tn,
idea Of an abandonment of the new watei
) works and he replied a Councilman ha,
stated that many were beginning to inclin,
to the belief that the cost Of the works will
be nearer $3.50, 600 than Ss5,OOO and as it /
pretty well understood that there will be
grand kick if the people are again asked /
I increase the borough indebtedness it has beel
u considered advisable to shape some plan b,
Q which matters may be patched up with tn
water company.
. 1t was stated to-day that some Of the waite
J, company people have made up their minds :
y repudiate the agreements with the syndicat
and hold on to their shares.
The whole affair has created quite ssi
and developments will be anxiously awaited