The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-03-01


PROPOSED BOND
ISSUE discussed
Continued tom rss PAGE
and tRis way The lnitteres
E ths citizens mud The citys proper
can IS fally safegpardeds
While he$tlnsecured indebted.
rseated bbs the enlargement of
sssteni IS not lien. in the.
inars acseptation Of that word,
ainst eitys water plant. Is
sIie PRACTICE and there are a number
Sf here the q,lestio has been
Fa5dsd m Federal courts 10 put u!
nc ths pFpperty Itself upon which
lahoF 4 performed d material fur
ntsheds n order 3 pay the debts
agaiist that particular property; and;
probably sGpQo0.00 sof dc water
WORKS tinseelred Indebtedness Is NOV
6eid citizens of States other than.
West virginia, my Or these persons
~ hring q sait against Tie city iii
j United Stat court to enforce
sh sollesttong any such obligations
held by them aIdHSt this might mean
II AZ human probability would mean
ttFat the city water system would
ne ta possession OF by the INF
ssd tates marshal and sold to- salts
me debt against said system. 4
forced sale Of Tie plant would result
ipa rs passing out tof the hands 81 tile.
ely intoSthatS of private parties, who
onid operateSand manage it for
lsrbht and gain without reference Is.
That the consumers Of their water
might sas asS TO Tie rates imposed for.
Rsttets ThissssWSater plant IS today,
reasonably Worth S5O0,OO0:0O, or about
s2l0sQ9e:ag more than ii has cost the
rits at forced sale; which would would
probably be for cash-the city not
heing able osbuy II in-itw would hard.
\ bring Tie original cost.
9sofSthe remaining unsecured In.
f%ebtedness about s9o, 100000 thereof IS
he'd ~ Tie banks Of the City Of Fair.
mont. they Having discounted and l pur.
chased them from the original hold.
TI his very large sum represents
stsEe money which should be in circil.
3 ;ion III o,ir community, and the fac,
shatsits y not Is one great reason why
1aoney y So fdificult to get to carry
IN We legitimate business Of the city,
md Immediate Vicinity. Should the
Aand issue carry, this %s90,OOo.co
aSpIds@ithinRsa; short time be ready t.
hes loaned out By our local banks tc
pur own p'eople, and in this way a
stimulus would at once be given 10
kssE esIsfnessI of Fairmont, enabling our
peDpIs 70 build more houses, and car.
on numerous enterprises that
snn tl employ labor, q buy material:
~ 90 many other things, the lack
sAdsh is5perceptible to every one
mo iHsstaIniaar with the business sit.
sattors in and around our city.
~ When the new pump is install.
81 which Will probably be during the
aannth of March. the reservoir will,
slesstiiaed, and then our citizens will
tsallkes what It will mean to have
's sasEs sdns 4 sand,,filte1resd, something
sGf (which Pittsburg is about to spend
A0oo,000:00Nz-and Fairmont Will then
thesooniy city Of which i have any
SHowstleaddges$in5the State, that furnish.
dtireactlys from its mains filtered
sater! And in addition, the water
slrpply In storage, Will be ample. to
ssuathe city for from two to three
Esse&s ssihiolaid any breakage occur to
th We pnmpsgs-T5another advantage not
passessed5 al enjoyed by any. city IN
sHssstates
g conclusion, beg to impress
arpns every citizen and voter the duty
1Fsa hss unto himself, and the
ss1nnEn1Ilaify to carefully consider
ass &slttaaI proposition presented to
Nm &c tie election tomorrow. and
that y VII cast his ballot in the
snsoud consciousness that he; has done
Statg hesbelleyes to be right for both
EtftnselfEan and the community, Of which
IN integral and necessary part.
NILLIAM IS. RAYMOND.
largest Engines New Record.