The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-11-10

prosperity VIII surely result IN soch an HI
crease OF assessed valuations as viii allow
a legal increase q the bonded debt IN an
amount sufficient 70 exercise the option
Of purchase Of the gravity supply plant
IN connection with the gravity water
supply, Il IS worthy CT note that there IS
an excellent opportunity for development
Of power from the surplus water not re-
euired for municipal purposes. wnlcn
would yield large returns for a compare
lively small additional investment
a Mathematical Demonstration.
The memoranda accompan ying the
above invitation 10 investors is intended
10 show the probable effect Of the sug-
gested gravity supply contract from the
point OF view OF city finances. It contains
approximate financial showings, as fol-
lo1s:
Under system as at present in operations:
Receipts
Cash. per annum. - ~,
For hvdrants. tc........-......-.-.-. 2i,e0
Total ACKNOWLEDGEMENTS. ..Sl4S'u"o
Expenditures
Interest. per annum. 55. 30
Pumping stations. per annum....... 5000
Office and operating expenses, per
annum ...-....-''-.--'' !-, 80
Extension. surplus, etc............... 4o'""
Under suggested gravity contract-Sup-
ply. 100000 gallons per day:
Estimated receipts
Cash. per annum. .....................Sll o,Vo
For hydrants, etc. OBSERVATION-DISCLOSURES. 2t,p1
Total ......................... .S4s,c0
Estimated expenditures
Water supply, as per contract......s $500
Interest Observation-Disclosures. 1-,Ju
Office and operating expenses. in
GLIDING Queen Anne pumping sta
ton and reserve at Lake WASH
inEton pumping station.-........... l5,@D
Extensions. etc.....................-.. 4'ap
Total OBSERVATION-DISCLOSURES 81 fo't"V
Under suggested gravity contract-Sup-
ply. s.co0.ee0 gallons per day:
Estimated receipts
Cash. per annum. .....................SlI i.eD
Hydrants, c......'........''''..''''' 4o''S"
Total NEUTRALITY-SUSPICIOUS.. .s2l4,5oo
Estimated expenditures
Interest. ner annurrl observation-disclosures $500
Water supply as per contract. 800
Office and operating expenses, IN
Guiding Queen Anne pumping sta
ton. City park pumping station
and reserve at Lake Washington
pumping station .-.........-..--.... lae"p
Extensions. etc..........-.............. 4S'ooo
Total .s2l4.5OO
Under suggested gravity contract-Sup-
ply. 15.00o. 900 gallons per day:
Estimated receipts
Cash. per annum ..........'...--.'- s-91'n w
For hydrapts. ACKNOWLEDGEMENTS. o4'"p
r., s9Ss 0o1
Estimated expenditures
Interest. per annum. ..................S aZ,3p
Water supply. as per Contract..-.... l2ll99
Office and operating expenses. etc. 100
Extensions. ACKNOWLEDGEMENTS. Sl'VVV
Total Observation-Disclosures. -S2sb.~D
After transfer TO city at a cost estimated
at 81 900 go. at the conclusion of an esti-
mated period of ten years, when the prob
able daily requirements will be l5,Oo0,0O0
gallons:
Estimated receipts
Cash. per annum. Observation-Disclosures. SSS2,Voo
For hydrants. etc. OBSERVATION-DISCLOSURES. $1,000
IOtal NEUTRALITY-SUSPICIOUS. .s..s.s.' .N-Ho'VVp
Estimated expenditure
Interest. ner annum. Observation-Disclosures. Sll2,500
Office and operating expenses, in
Guiding two auxiliary pumping
stations and one reserve. and
maintenance of gravity SYSTEM. 3O,Wo
Extensions. ACKNOWLEDGEMENTS. li5,9pp
IOtdI .S-NO,u'p
The date Of the secret meeting was early
in the spring. and afterward it is said
there were other secret meetings at which
the Ammidown plan was discussed with
out the knowledge of that gentleman.