Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-02-12
|[N|NDUS|RY INSIGHT
City Council Asked to Give
Street Lands For Anew
Building.
Electric Power Plant to Cost an
Additional Expenditure
Of 5000.
Financial Statement Of the City.
With Estimated Rev.
enues. Etc.

The city council, after a rest Of two
weeks, met in regular session Monday
evening and transacted considera BILE
business The features of the meeting
We're the submission of a statement of
the city's financial condition by City
Clerk Trotter, as requested by Council
man Henry, and the presentation Of an
opportunity to secure a new industry
for the city. Following the purchase Of
an electric power plant the council is
now confronted with the necessity of
spending $1,000 on the pumping station
Mr.. Kreutzer presented an ordinance
to vacate thirty feet Of the south end of
Fourth avenue between Market street
and the G. & N. w. right of way. The
Marshall Vinegar and Pickle Company
is DESTROYS of charging its factory and
increasing it's output, and this is the
only land procurabie. The street comes
to a dead end on the east of the present
factory building MIR. w. w. Doolittles
of the company, was present at the
meeting and was asked to explain the
reasons of the request He said the
plan was to establish an adjunct 10 it's
present business-one that would bene-
fit the farming community especially.
The company is not ready to announce
Its new line, but says an additional
force OF twenty To thirty men VIII be
employed. After some discussion the
question was referred to the buildings
and grounds committee and it Is prob
able that an arrangement will be made
leasing the ground for period Of
ninety mine years.
Councilman Fisher can now say: II
told you SOL The water works com
mittee has the balance of the councils
men, especially those Who stood out for
electricity as the power for the sewage
disposal plant, in a corner. AS Fisher
said during the heat of the electric bat
tie, the installation of an electric plant
Will call for a large expenditure in adj
Oition to the original cost. This added
expenditure would have been necessary
within a few years, it is true, but now
II must be made immediately-jus at a
time when the city's finances are not in
the best of condition. Chairman Ben
son, of the water works committee. pre-
sented to the council q report on the
conditions at the pumping station. fol-
lowed by a resolution calling fol. bids
tor Installing new boiler rearranging
the boiler house so that room Will be
provided for a battery of five boilers,
and for the building OF new brick
smokestack, the old one being made
quate for the increased steam plant. He
estimates the total cost at about $1,000,
and said the installation of the electric
power plant for the sewage plant made
ii necessary to install the boiler and re-
model the boiler house before the sew
age plant is put in operation. Some of
the councilmen looked worried when the
situation was presented in that light.
The council agreed To the securing of
specifications and will meet Thursday
afternoon and visit the water works In
body before voting the money. A
meeting will be held in two weeks to
take definite action.
City Clerk Trotter, in compliance with
a resolution adopted by the council
some time ago, presented detailed
statement of the financial condition of
the city. including receipts and expendi-
lures of the several funds for the fiscal
year commencing March IL, 1900 to Feb.
q also the estimated receipts for the
coming fiscal year. A portion Of these
figures were given in these columns a
month ago. There was expended from
the general fund $34,6sl.2l, and there il
balance on hand In that fund OF 3d.
71l.3O. The expenditures in the water
works fund were s34,03S44 leaving an
overdraft of 81, 42s.49 "A total of $4.25l.75
was expended from the reg ular sewer
on
Fire fund expenditures were s2.375.Sl.
z End in this there is a balance of $50S 81.
in the water sinking fund there is a
balance Of 1923 and in the bond fund a
Il aianc.. uf s5SSS.is. In the special sewer
fund OF $4,000 borrowed from the glu-
tose company s12.s41.04 have been ex-
pended. leaving balance on hand OF
$12.l5s.96. The balance OF the figures,
here given. are of especial Interests:
Total Amount of Cash on Hand
Special sewer fund. .$12.l los. DC
General fund ......... 3,7l1.30
Fire fund. ........... h08.64
Bond fund ............. 633 -
Water sink. fund.-. 3.23-$l .9l5 80
indebtedness
Total issues of bonds. .......s..$ n 900 90
Water works floating warrants 7.5l5s7
Sewer fund floating warrants. 459 SO
Glucose Sugar Refining Co.,. o., 715.44
Total ............... .s1o1, $50. "a
Less cash on hand. ........... 1926 80
Actual indebtedness s4.775. 81
Estimated Receipts for the Coming
Fiscal Year
From Tax Levy for the Year 1900
From corporation tax..........$l SIC. 3Ss. 90
From water tax........... S,194.2S
From sewer tax. ........... 3.277.71
From fire tax. 1885. So
From sinking fund taxi. 1888. So
From bond tax................. 1885
From sidewalk tax....,........ $500
Estim'd receipts from liquor tax $4,000. 90
Esfin1,d recefnf = frs M ,vatar. rant 1 O 00O m