The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1898-03-12

Paris, a few years since, it is aeknowl-
edged by the medical faculty, was caus-
ed by drinking water from the River
Seine.
The liability to pollution, present and
future, of the water of such small rivers
from farm yards, factories. mills, villages
Dover, cannot be overlooked. In the very
nature of things 1T cannot be prevented.
No other source Of tupply in the State
about $50 feet above tide water, while an
other is 800 feet, and the ordinary outflow
of these three, together with their sur
rounding water Sheds. is largely in ex-
cess of the city's present needs.
So extensive a work cannot be accom-
plished without a large outlay for the
water rights, lakes, right of way for the
whole fifty miles, and construction; but,
after careful surveys made of the entire
distance, causing the excavation of three
large tunnels through solid rock aggre-
eating seven and a half miles in extent,
or one tunnel covering the length of pipe,
and taking into consideration the rivers
to cross, and all of the engineering diff
culties TO be overcome, and the loss of
interest for the outlay before water can
be furnished and the city asked to pay
anything, and a fair and reasonable re-
Enumeration for furnishing the capital and
the risks attending the enterprises. ne
ave arranged for the whole to be accom-
plished for 5000, 600. The interest of this
amount at 5 per cent. will be $4,000 per
annum.
Our plan is that the city shall earn from
this water system enough money to a
the whole cost. The city shall pay this
interest by paying so much per million
gallons for water taken, according to an
nexed table,
The entire amount of 50, 900, COO to be is
sued in 5 per cent. bonds, running %
years, secured by a mortgage on the prop
erty, which property is to become the alb
solute property of the city, free at the end
Of twenty-five years. free from all encum-
brances.
The Plan in detail is as follows:-
We propose to organize a company I'M
der the laws of New Jersey. The capital
stock to be of such an amount as the laws
may require to enable the company to is
sue the $1,000 900 of 80 bonds and we
should have the entire amount deposited
with the trustee of the mortgage as trus-
tee for the election of such suitable di-
rectors from time to time, as might be
desired, after the works were completed
and turned over to the city. The city, of
course. would not pay out or become
responsible for anything except water
rentals until that event. After the works
are turned over to the city at the end of
ter years. the directors shall be certain
city officials, ex-officio, including the
Mayor, President of your Board, Presi-
dent of the Board of Aldermen and Presi-
dent of the Board of Finance, and the
trustee of the bonds, making five, or the
trustee of the bonds and any four citi-
zens that the city might choose,
hnd t ansgunt c0q for t he P Palmal a se n9ms
they would render, the object being only
to keep the company alive until the end
of the contract, so that title to the prop
erty could be vested in the city by actual
deed. The practical ownership would be-
gig when the city took charge.
The city to have the option of leasing
the work at the end of ten years or any
subsequent period of five years, paying
therefor the interest on the bonds, and
as much more as may be necessary to