, 1905-12-11
Terms of Subscription.
WATER WORKS.

pipe to the city springs and 1t is now
apparent that the Union Pacific will in
the near future be compelled to replace
the aqueduct which has served for thir'
ty years with a more substantial and
larger n Modern improvements al
ways call for other modern improve
ments. When a man builds a new
house, he must repaint the fence and
touch up the barn so that they will
correspond. 1t is so with the new I'm
ion Pacific reservoir. 1t has served
the purpose so well that 1t is proving
the necessity for n new pipe to the city.
AT the same time and in conjunction
with the Union Pacific, the City of Lar
annie should replace the present made
quate system of laterals throughout the
city. This is admitted by all. Just
how it should be done and just how the
money should be raised have been
questions over which the people have
had some controversy, but all are
agreed that there should be a new sys-
tenn, a~dequate>in capacity and modern
in construction.
If a system without meters is decid-
ed upon, it would cost approximately
$4,000. and The Republican Offers this
plan to raise the money: Let 400 500
5 per cent bonds be issued and offered
to our home people as a popular loan,
the bonds to be made payable after n
year and within ten years, a certain
portion to be paid annually by lot
that is, let the numbers of all the bonds
be placed in a box N as many drawn
therefrom as the money on hand will
pay, these bonds to be paid n can
celed. Financial men say there is no
question but that such n bond issue
would be subscribed by our citizens,
and to spare, In fact, one of our lead
ing bankers informs The Republican
per cent. There are a great many PEG
pie who have money now lying idle, or
drawing not to exceed 4 per cent who
would be very glad to invest in a few
of these bonds, as the rate of interest
would be higher and the security abso-
lutte. The banker in question said the
banks would be glad to carry some of
them. In this way the loan would be
a popular one, The interest would be
paid to our own citizens and Laramie
would get all the beneht. At the same
time the loan would be a short time
affair, running only ten years for all
of it, n then We would again be able
to have practically free water.
To raise the annual revenue some
equitable plan should be adopted by
which the large users would pay more
than the small ones. To cover this
matter, a-seale should be adopted such
as is used in other cities. Let the min
ip,,,, rrico CO. bo,.a 80 49, u.a,,e
or less without a bath, be say So per
annum for all purposes, and charge 81
per room for each additional room.
Such a scale would probably strike an
average of about 81 for each tap from
the street mains. If there are 1000
taps in the city, 81 per ant would
yield a eyenu of $1,000. The interest
at 8 per cent on $4,000 would be 50, o
per annum, n the average interest
payment would be $1,000 per annum,
provided the bonds we're paid off in
equal installments. Seven thousand
dollars would therefore pay the inter
est and leave sufficient for maintenance
and principal to wipe out all of the
bonds in not to exceed seven years,
and then free water again.
We take it for granted that the col
lection of the water tax could be made
through the office of the city treasurer.
1t could be divided into semi-annual
payments. In case water users neglect
ed or refused to pay, the marshal would
of course be compelled to go around
with a monkey wrench and shut off the
water. In this way there would be no
delinquents.
The Republican offers this 6 g
ton for a short-time loan for the rea,
son that 1t believes the city ought not
10 incur another big debt to run ov-
er a period of thirty or more years.
Again. it does not like the idea of es-
t%ablishing sinking funds to become a
menac to the honesty of officials. 1t