The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-14

censs now paid by sxistfnG company.
5000: y33.5O0. Annual venue S11.50o.
Total net receipts for 10 years. &1l6.o 0o.
Cost OF each plant 10 years hence:
from Sr,a'n 1hi SG't as % csI 10 S gears. revssus.
~ above, $z2.500; total cost. 10 years
hence. Of new plant. ez37 500. Original
cost Of existing plant. e4so.ooo; from
which deduct 10 years revenue, as
"Totai cost of existing plant 10
years hence, Ss3s 900. Cost Of new
plant at expiration Of 10 years, @z37 500.
Cost of existing plant. II purchased by
city. ut expiration Of 10 years. $355 900.
I'm considering the fairness Of the
above estimate six reasons may be par
ticularly given for believing that the
patronage Of the city's plant will at
least equal the estimate given Of 1t.
"First-The management OF the
city's plant will be placed in THE hands
Of q board, say three representative
citizens, among whose duties would
stand pre-eninent h q Of inducing tax
payers OF the city to patronize the
city's plant.
observation-disclosures Of the city's
plant would mean direct decrease in
taxation.
'Third-The cost of maintaining
plumbing fixtures would, by use Of the
city's water. be enormously reduced.
bot because Of the existence of the
stand pipe water cushion and because
of the absolute absence Of sand and
mud, which now SO rapidly cuts out
valves, flls water-backs, etc.
"Fourth-The water would be of .
vastly preferable quality, always pure
and clear.
"Fifth-Upon the lines Of mains to be
built by the city's plant, in place Of the
Improbable and unneeded mains Of the
existing plant, and in all future extern
sions. conditions Of competition will not
even exist.
"sixth-The cost to the private con-
sumner of disconnecting from the mains
Of the present system n connecting
with the city's parallel mains. to be
laid only some four feet distant will be
trining and will involve only the dig
ging Of q trench four or i've feet in
length, the tapping of the city main
and the cutting OF from or adding to
the present connection of four or Ave
feet of pipe. On the other hand, the
existing plant will IN future u~ndoubted-
ly be assessed for not less han 500, 900,
which will add to its present operating
expenses in taxes not less than 81, 400
per mum.
"On the basis of the foregoing figures
and conditions Its receipts for the mex
10 years would average: Hydrant rem
tai, $17.6S2; rs per cent of present rem
- ~ w
tai $24.4S2. Its expenses: Operating
expenses unde reasonable assessed
valuations. 81 1000; interest at 6 per cent
on $3O5. 900. bonded debt, 81, 300; $32, 700.
Average annual deficit, $S,26S. In real
fty to retain anything like this percen-
tage OF the present revenue from pri-
vate consumers, taken as an average
for the 10 years remaining of the
terms of the franchise, IT will be man,
1festiy necessary for the existing COM
pany to largely cut its rates in order
to compete At all with the superior in
ducements which the city will be able
to offer, and each reduction in rates I'M
der the conditions named will mean
only so much increase of h company's
annual deficit.
Should the supreme court decide
that the city Is no longer held to the
payment OF an exorbitant hydrant con-
tract after having placed itself in q
position to obtain such q service by
other means, and such a decision Is by
no means impossible, the existing COM
panx's position would become even
more untenable.
THE question Of the use of the Giant
Springs water we shall not here touch
upon, as Information regarding it's
availa bility is not yet complete.
In spite, however, of the evident ad-
vantages of independent construction
as compared with the purchase of the
AaAi VIC hdNG hO WISH. save
as a last resort, to pursue a policy
which must involve the destruction OF
property, and subject to inevitable loss
the holders of the securities of the ex-
listing company.
1T Is, on the other hand, our desire
to treat fairly and even literally those
who nave invested money in Great Falls
securities. We therefore report. while
Internationally inc emphatically re-
jecting the last offer of the Great Falls
water works for the sale of it's plant,
We are. nevertheless. willing, for h
reasons already given, to the end of
obtaining a speedy settlement of the en-
tire question. and above all because we
are eager to save investors In Great
Falls from loss IL such result can be
accomplished within reason, to make
some slight concession over the, in our
opinion, most liberal price, $34O, 600, which
we have already signified our willing
ness to pay.
Respectfully submitted. J. J.. McDon-
ell, o. F. Wadsworth, Jr., VIM. Grills."
tn council then adjourned from the
committee of h whole and ven into
regular session.
A petition from the Black Eagle band
was read, asking he city to build q
cheap stand and seats in the court house
square o the park near the Stand
ard office. Alderman Wadsworth asked
that 1t b referred to a special commit
tee for investigation, n If possible
granted. Referred to the park COM
missioners, with power to act.
The report of the committee Of the
whole. as given above. was then read
and adopted. On motion OF Wadsworth,
the clerk was instructed to communi-
cate the contents Of the report to Mr..
Phelps, and all action looking toward
the preliminary steps for constructing
an independent plant was deferred for
one week The remainder OF the ses-
sion was devoted to routine work, and
the council adjourned for one week.
Mrs. Winslow's Soothing Syrup.
Has been used for over FIFTY YEARS By I'LL.