Morgan County democrat. (Versailles, Mo.) 1900-1906, 1905-07-14
BIG DEAL TO CONSIDER.
A Syadlcsee 81 Capitalists Offer
to Purchase the City's EIec.
tric Light System.
They Alse Propose TO Erect Wstsr
Works, 0ss Wesks end Put W
100000 Clay Plant.

This week Theodore Stcgner Of St.
Louis was in Versailles for the pur-
pose Of presenting proposition to
the Board OF Aldermen of the city
which should receive due considera-
tion when presented in proper shape,
which We understand will be submit
ted to the Board at a meeting next
week.
As this proposition has been OUT
lined to the Democrat it looks like the
greatest thing that has been sprung
looking toward giving Versailles
boost in the industrial world such as
cannot be stayed by any ordinary OBJ
stacle.
Mr.. Stegner proposes to buy the
electric light system from the city for
its present cost figuring the interest on
bonds and other expenses, then fur
nish lights cheaper than they are at
present costing. Then the syndicate
which he is representing propose to
erect complete water works system
and gas plant, provided the city will
grant them the franchise.
In connection with this proposition
H. B. Helgeman Of st. Louis county,
Ian expert clay man well known to
many Of our citizens, proposes to es-
tablish clay plant for the manufac.
ture of fine grade Of queensware,
high class pottery wnre and articles
along that line. He is backed by
sufficient capital to insure an institu-
tien entailing an outlay Of from $780,
600 to $500, 600, while the skilled
and unskilled labor to be employed
would reach several hundred.
The one fact Of establishing a system
Of water works here without cost to
our city will be the making Of Ver-
! sailles from manufacturing point ol
view, water being the first essential
in the locating OF enterprises, saying
= nothing of the great influences the
other features the proposition carries
y with it.
s A fact that should appeal to the
judgment of the Board and one in
. which our people are interested, is
: the lifting off the city the burden ol
, carrying on the electric light plant
!, and the debt of about $4,000 in.
. cured in its establishment.
To turn it over to q syndicate and
be relieved of the burden, at the same
: time bringing into the city these con-
veniences and capitalists to create biz
!. revenues is a matter Of serious consid
d Grafton. II this syndicate will guar
= antee to take the electric plant at ;
stipulated price and furnish our light
cheaper than we are now getting
. them, it shows conclusively that the,
4 mean business, and the other feature
It Of the big proposition are an ate
Is consideration and the benefits to on
r. city cannot be computed.
u No scheme that is fair and plain OF
its face should be ignored. But whel
the plan is submitted to the Board NJ
is strings should be attached outside q
o legitimate grants with regard to tn
o other features, then sensible actiol
|" should be taken. 1t will possibly re
;. quire special election provided tn
|. proposition meets favor with tn
lie Board, but that is a small matter.
is is big thing, and if the capitalist
are honest in their intentions, a fac
# that can easily be determined, tn
relief will be great and the promu
CATION of the deal will be 4 Boon t
<, the CITY of Versailles,