New Ulm review., 1903-05-06

Electric light competition IN New
Ulm is at an end. This morning ther.
is virtually but one lighting plant il
the city, for at last nights meeting O
the city council the alderman gave
rather belated recognition to the rights
of the New Ulm Electric Light Co
In the consideration of the paymen
of S., 500 the latter agrees to surrender
it's franchise to the city and will also
turn over to the municipal authorities
it's pole line and appurtenances, at the
same time agreeing to discontinue op-
GRAFTON. ..-5s-
This very surprising and most un.
expected termination of the local light.
ing difficulty will come as a very
gratifying bit of intelligence to our
people, who have long deplored the
existing conditions. What is even
more pleasing is that the transfer was
effected smoothly and without the
slightest friction. Both parties to the
affair exhibited the utmost willing
ness to meet upon common ground
and the deal was consummated with
the greatest dispatch.
It's history is very brief. This week
overtures were made to the private
company and no time was lost in
reaching an understanding regarding
price. Yesterday meeting of the
majority OF the stock holders was held
and the board OF directors authorized
ito submit a proposal to the city coun-
Icil. The directors, in turn, appointed
a committee of three, consisting OF
Chas. Silverson, Dr.J. Z. Schoch and
Geo. Doehne, to act as their represen.
tatives and last evening these gentle
men, accompanied by L. G. Vogel
secretary OF the company, went before
the council on their mission.
| When invited by President Eibner
Mr.. Silverson stated the errand of the
committee briefly, saying that he anc
his associates were willing to with
draw in favor of the city plant. He
then drew from his pocket the offel
which the committee had been instruct
ed to prepare, and which bore the sig
natures of President O. M. Olsen ant
Secretary L. G. Vogel, and handed i
to the council. 1t was as follows:
New Ulm, Mimi, May 5, 1903
40 the C5ty of .NeW Ulm, and i
/ the Honorable CITY Council. 0.
said City Of New Uzm:
| 'sGentlemen:-The New U1m Electri.
Light Company beg leave to submit
the following proposal for considera
ttion by your honorable body:
s'The New Ulm Electric Light Com
pany hereby proposes to surrender ant
release to the city Of New Ulm tha'
certain electric light franchise hereto
fore granted to it by the city OF Nev
Ulm, rs embodied in ordinance mum,
Der % Of the city Of New Ulm, passed
February 5, 1889, approved Februar,
s, 1889, and duly ratified by said New
Ulm Electric Light Company on Feb
ruary Is, 1889.
ssThe New Ulm Electric Light Com
pany furthur proposes to close doWr
Its electric light plant in said city o
New Ulm, and cease furnishing light
for private or public purposes 50 soor
as arrangements and connections car
be made whereby the municipal electric
light plant of said city Of New Ulm car
furnish light to the present patrons o
said New Ulm Electric Light Com
Ipany.
/ "In consideration of the foregoing
the city of New Ulm shall pay to the
New Ulm Electric Light Company the
sum of Five thousand five hundred
dollars t$5, 5OO), payable May 1st, 1904
without interest, and in ddition there.
to, said city OF. New Ulm shall assume
the performance of all contracts now
in effect between the said New Ulm
Electric Light company and its present
patrons.
In case this proposal is accepted, 9
contract covering the surrender and
release Of said franchise, and q trans.
fer of said property, in detail, shal,
be made and executed by and between
the City Of New Ulm and the New I'm
Electric Light Company =
Following the reading of the pro.
posal Attorney Albert Pfaender, act.