The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-11-19
DAVIS, WOOD ct AL.
HOLDING BACK
Seek to Put Rider on Water
Proposition.
BIG SAVING ON INSURANCE
DIFFERENCE WOULD IN TIME
PAY FOR ENTIRE BOND ISSUE.

pear on the surface is based on the
refusal of the special water commit
tee 10 purchase outright the interests
OF James NJ. Thomas i'm Little Cot
tonwoOd canyon. These interests are
said to consist OF small lakes for reser-
voir sites and filings WITH the stale
engineer for water rights. Associated
with Mr.. Thomas i'm advocating the
sale OF these interests 10 the city lis
II. Z. Cole the stock broker.
The propositic made by Mr.. Thomas
to the special council COMMITTEES was
that these interests be purchased out
right for So. 600 cash Councilman Y
J. Davis assured the committee that
if the purchase of the Thomas inter
ests was included in the general scheme
the proposition would so through the
council with little or no opposition
Councilman l.. J. Wood who hap
pens 20 be father-m-law o. Mr.. Thom-
as. visited Mayor Norris i'm his Office
( Wednesday and assured him that II
provision were made TO purchase the
Thomas interests i'm Little COttOnW ood
canyon the opposition 20 the commit
tee report IN the council would amount
to nothing.
Councilman r. :. Fernstrom was as
sured by another person Interested IN
the Little Cottonwood scheme that IL
Thomas interests in the committee ana
in the council there would be a piece
Of money in it for him.
Committee Refuses to Buy.
The special council committee re-
fused TO purchase the Thomas inter
ests in Little Cottonwood canyon lot
| S35. 900 cash. 1t took the position that
il would be folly TO purchase property
such as this was described TO be be-
fore first making a thorough eXamlha-
/ ton of il. which would take time
An offer was made TO take an option
( for a nominal sum on the property
/ the option TO run till Sept. /, 1900 ms
was not agreeable. but an offer was
made TO sell an option TO the city Tor
, s.. coo in cash. This the committee re-
fused to consider.
This was the situation when the coun-
ell met Thursday evening The fact
/ that neither the report Of city En-
| gineer Snow nor the report of the
| special committee of the council men
| toned the Little Cottonwood scheme
seems TO have crystallized all the OPP
/ position there is in The council 10 the
proposition as whole
Davis Will Make Report
II is impossible at this time to say
! how extensive this opposition Will be
/ when the matter comes Up for hnal
action next Monday evening A j.
| Davis. the member Of the special Wa
| ter committee who refused 10 sign inc
: majority report announced yesterday
! that he would submit A minority re-
port to the council at the next meet
I inc. He also asserted ne was pre-
| pared 10 show that the taxpayers OF
/ the city would be robbed under the
| proposition submitted by the majority
/ of the committee if it should be adopt
ed by the council. 1t is understood
. that. unless the publication OF the
/ foregoing facts heads it off, the Lit
/ tie Cottonwood proposition VIII form
an essential part of Councilman DAVIS
minority report.
An important feature of the water
situation I'M the city that did not ap-
! pear in the reports made TO the city
/ council Thursday evening is the greal
/ saving that would accrue to the people
| i'm the way of fire insurance premiums
] If the water supply were increased A.
Z proposed The present annual pre-
miums paid by the property owners
Of Salt Lake TO insurance companies
amount TO not less than S3OO.OOO
rough estimate by insurance experts
is that $4,000 of this would be savec
4 to the property owners a. the result
Of an abundant supply OF water VIII
which TO fight fires.
The proposition. with these figure:
as basis viii then present Itself u
many persons this way. The annua
interest of the S1.000.OOO necessary L
secure the water. al ( per cent. WouiC
amount TO $4,000. This sum the tax
payers would have 10 pay out eacl
year till the bonds were redeemed The
annual saving to the property owner
Of f,-a fraGr
miums would amount 10 $4,000.
these figures stand good ii IS clea
that the people Of the city VIII saw
enough from their fire insurance pre-
miums TO pay ali the interest on INT
water bonds and be in position t.
lay by $1,000 each year for the pur
pose of redeeming the bonds when thel
fall due
Other Things Needed.
The figures regarding the saving OF
! fire insurance are only approximate
The insurance men Of the city are no
prepared 20 say what the saving woul
be as the result of an abundant waite
supply. They are willing 10 say tina
the saving with be an important lten
TO the people, but the question Is some
what complicated More is demandet
by the insurance people than an ade
quate water supply.
In addition to the water supply the
ask for a reservoir with capacity 10
five days consumption for the city
they ask that this reservoir have tw
outlets into the city system; they az
that mains be laid i'm the center q
the streets IN the business district. Wit
; hvdran1s in the center OF the streets
they ask for a better system of dis
J tribution than now exists. and for
more comprehensive fire-tighung out
. / fit i'm the way Of engines
The insurance people are not wiiiin
/ to rely ON supply of water comm
= direct from the mountains. fearing tina
something might go wrong with IN
conduit i'm a critical time. They sa
that If the things asked for were SUI
piled the cut in insurance rates wOul
be. heavy-it might be 80 or 60 pc
cent from percent rates. The reduC
ton of $4,000 as the direct result {
providing an adequate and unfailin
Z supply of water is considered reason
/. able
: Plan Meets With Favor.
t The proposition submitted TO the CIT
= council Thursday evening to quadrupl
: the city water supply for $3.50 600 wa
,. the chief topic of discussion in publ
> places yesterday. The general run ,
comment was favorable. People sta
out with the proposition that the Gil
must have more water. All agree ths
the additional supply muSt come fro
the Wasatch mountains. All agrC
that the sooner IL is secured the cheaI
er il viii be secured and the less wi
be the trouble
3 SNOW AT BUTTE.