The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-07-12

was made on a basis of 1000 connections,
while in fact there are 5000, so that a
margin of 1,9OO is left.
Mr.. d. r. James said the cost of coal
per year, would be more thar the com
mittees expense estimate and asked, Gin
case the revenue does not meet the ex-
pense, where will Council get the money
to pay the interest ? Suppose money had to
be taken from the taxes to pay expenses"
Borough Solicitor Pomeroy took the floor
and said: Suppose the revenue from the
borough plant does not meet the expense
purpose it is absorbed by the expenses of
the plant and you run into debt? You
cannot have any more mills unless you
hold another election, but the deficit can be
made up out Of the ordinary revenue of the
borough, whether it comes from the license
money, or the tax money; but that will
take away some money that you might de-
vote to the streets and other purposes. Be
sides that the special tax was imposed for
a two-fold purpose. These five mills are
very little more than sufficient to pay the
interest upon the bonded Indebtedness
and the amount of money we are supposed
to set aside each year to pay one-thirtieth
of the bonds, so that they will be paid off in
thirty years. If we keep up the five mills
tax each year We will save that much in
terest and there will be that much less
principal to meet. Each year, while the
revenue from mills will remain the same,
the amount of money you have to raise to
pay interest will run smaller.
"Another question. The old water COM
pany proposes to reduce their water rent to
just as low a figure as they can. 1 believe
the company has made dividends as high
as so per cent, but that was upon the
original investment. The par value of the
stock is $40. All they paid in was 1925,
so that the 80 per cent. was on the 1926.
There has been a mistaken impression
about this. The stock of the company has
increased because the borough has in
creased. 1t has increased as the land has
increased. You must take that into con
sideration. If we would undertake to
uOlu Oh " Ulb odllb IdibS JIG Olu MdJ6I
company would reduce its rates and there
are a large number of people who will take
water from the old company because it
will be cheaper. If you reduce your
water rent one-half, who gets the benefit ?
The landlord does. He won't reduce my
rent, for instance, yet 1 am paying my
tax rate. There is no doubt real estate
pays a large proportion of the taxes, but
there are a great many men who don't own
any real estate, and yet pay tax Indirect
ly."
Mr.. Hand said there was a wrong i'm
preston abroad. 'These works are not a
new water company, but belong to the
people"
Ex-Councilman Lamb was permitted to
speak and said, ''The water company
claims that the property owners will have
to give thirty days notice before breaking
connections. That is on our receipts. Does
that provision form part of the contract
between the people and the company p"
Mr.. Pomeroy 'That is a contract
between the water company and the con.
sumner with which we have nothing to do
Mr.. Lamb 'You intend to advertise
for bids and it is a question whether the
consumer cal part with the connections
without giving the 80 days notice"
Mr.. Pomeroy "The consumers of the
old water company are liable to the com
pany for any regulations they may have
made for the conduct of their business"
Mr.. Gable CAN they can do is to
charge for one month after they give
notice"
Chief Burgess Burns asked who would
be responsible for the relaying of pave,
ments distributed by making the connec.
tions and was told that the property.
holders will be responsible for any digging
over six feet in length for each connection
Mr.. Gable then read the final recon,
mendation of the committee to the effect
that the connections will not be larger than
Une-half inch at the rates offered. All
other connections will be charged accord
ing to increase per quarter inch.
After President Mcclure instructed the
water committee to consider the advisa-
bility of hiring an expert civil engineer to
give testimony in the Torbert law suit
Council adjourned,
Pure blood and good digestion are an
insurance against disease and suffering.