Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-04-02

| nvnenses which seeined 10 nV.uu'
| tn,crcst taxes insurance, ueprer
| ~,a,ion. labor, and every item Vi eco oon
4 exnonsc ..............'''''''''' 49,
........ ss7, 200
| ~, rrne in which the profit lies tWhiCn
In become more valuable elcn yeaI
Nm the city's growth, the city couIu uo
Min no smaller plant than the one no"
! ", a. be- true that the city Is going 20
! 40 away with the old water-WoIks, !
| sbonld say, determine on that as proper
! sifc 80 as 20 utilize the 30O-horse power
! ~ water now existing; and. " practicaoiei
sunplement this with enough additionai
| from the higher level OF the canai apoVe
10 run the entire plant by water-power'
AT the same time put in Ruch steam
pover-hed In reservc-as VIII run the
plant TO it's fun capacity In the snort m
iervals. when. by reason OF high water
or other causes. the water-power cannot
has demonstrated 10 the writer tha' va
tcr-power costs one half less tnah
steam. The old water-works are ahfiiira-
biy located for an electric-light pant
cond. because of the facility with when
coal could be delivered by chute 70 une
boilcr-rOom from train; ana, "s!if,
because the present buildings, win m .tle
alteration, are ample for the plant rms.
or any other suitable site the city no"
owns, determined upon, let our Wy ri
gineer invite proposals, under ilYlI STA
ncations for the building OF plant WIN
most approved style. OF all necessary ma
chinerv nut in place. with poles ana Wltes
connecting with street-lamRs; a. ~"
Gated. and guaranteed suHlcient 10 10 III III
pIy 500 arc-lamps nominal l.2p-cahulS-
mower. and 500 incandescent-lamps. hoiri-
nal i6-candle- power, payment LOT nv
plant 10 be made in 4 per cent city bonds'
one fourth Of price agreed upon after
a eatisfactory test of one month from
on one fourth at the end Of one year;
One fourth at the END OF wv , yoars.
One fourth at the end or threr EdHadiiiy,'
I'm citv bonds q per cent?. AZ par deliV-
cred upon completion OF sald tes,' .erros
| feel confident that on ms ,he ,,aIt i''
Assuming that it will take $2y9vV 10
build a plant Of sufficient capacity ior
our needs OF may cost nucn ~ ~,
the above basis tn, PAM v mo"i' and
IN mat time we would have been making
n considerable proht. Let us figure wha'
this profit would be
300 afc-lghts TO city free.
200 arc-lights rented at $l0 per ,oo ooo N
$500 500 ilcandescent-lights rented - ooo M
Estimated ST S1T '' receipts from Man - non ~
chester ACKNOWLEDGEMENTS ''' 49, =.
$4,000 %
Less Cspta'h i'N1''i 's'"'. e2OOO %
Profit ....................:.....sS'ooc eco 90 90
Add amount now paid by ....5oc" :"
Total gain per annum 49,. $500 W
believe the gain would be in excess
| OF this. because think Captain ilzzln.
| estimate excessive, and from what the
| experts said | think that this item
| would not exceed $4,000 per annum.
4 word in regard 70 Mr. Branch > 81 te SO
| luton Even supposing he could get inc
| present lighting for $4,000 per annum
| Tor seven years. and fund the difference.
| S2OG0-fOr "A lik" term oi years VIA -
thr result-SO, cooX1-sZlo.pW, eXprhnen a'11
| stl have a plan to build. Add cost OF
| plant say $4,000. making total cost
| seven years hence Of $4,000 for plant
| We could have in operation ana pe ne>
| irving profit from within tn next SIX
| months and only costing at the outset
| 500 900 in easy payments. verify be
| HeVe that with free rental IRON thr
| city Of a site particularly If such were
| the old water-works) for the amount IN
| volved IN Mr. Branch resolution. &]p'-
| 600 paid in annual instruments as
| paid "a the present company, any eiect,lc
| company Crowded they had the eXclu
| sive privilege Of electric lighting in our
| city for seven years. would build ana
equip a plant costing $lN.oO. or even
| 500 90 furnish the city with the same
| number Of lamps now existing, ana at
| the end Of the time sell II in it's entirety
| 10 the city for the sum of 81, guaranteed
| In perfect WOTNlnE bllfI anu Nbhj''A "
| the approval of committee Of experts.
| stll retaining to themselves large pro-
| III on their investment
| We must not lose sight OF the fact that
| the commercial lights are pad Tor
monthly. Just as gas is. and these receipts
Will more than meet running expenses.
II only then remains to provide for build
ing the plant. II viii be easy sailing after
wards.
With these facts before you. gentlemen
of the Finance Committee, you must De
convinced that IL We owned our own
plant we would at the worst be getting
our present lighting free instead OF pay
ing $1,000 or even $4,000. for II. ana mus
the gamer 20 that extent / would say 10
the member who seems so opposed 10 Inc
sale OF any more city 4 per cent. bonds
whether It would not be- the part OF pru-
dcncc to retire the 81 2O.00 bonds, interest
on which represents the $4,000 We are now
having and substitute therefor fhVO
worth Of bonds. carrying only NV'J inter-
est per annum.
In conclusion. ! am too fair-mind u not
TO say that the company now operating
hands Of the Council and Board or Alder,
men Therefore. they should be allowed
To come in competition with all bidders,
and If they Will furnish a plant That
comes up to what We want and approx
natelv near the price others VIII give
us then let them have tn preference,
and i'm any event resolve that IN" sue
cessful bidder shall buy az tair "liuallpn
uhis TO be determined by dlslnteresteu
nartiesb all pol.S wires. and lampS now
controlled by them. if they desire to make
sale of the same. 1900 ,,,.,,,,o,,