The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1906-04-27
BUY THE WATER WORKS.
Almost Unanimous Senti-
ment at Citizens Meeting.
RATHDRUM BOND ELECTION
Will be Held May 8.-A Good Bus
mess Proposition.

called by order Of the council, was
held at the hall. Thursday. evening,
April I9, for the purpose Of discuss
ing the question Of purchasing the
water system. The election to vote
upon bond issue for the purpose is
to be held May 8, and 1t was deemed
an excellent plan to have the voters
Of the town meet and exchange ideas
ca the proposition. The meeting
proved a veri table school for all who
desired to learn the various phases
which the water question presents,
from a business as we'll as a munich
pal and sanitary standpoint, and all
those who wete present are prepared
to vote far more intelligently at the
coming election than they would
otherwise have been: and the al
most unauituuus opinion expressed by
individuals after the meeting tends
to indicate that the bonds will carry
hy very large majority.
w. A. Hart, chairman of the viii
iage board, called the meeting to o.
der and stated that the purpose Of
the meetiag was to discuss the pro-
positions as to whether or not the
town shall bond for $l2, 500 aud buy
the water system frt M the Rathdrum
Water e. Power company for $500,
the price asked Tor by the company.
Captain Hart spoke strongly in favor
of voting the bonds and buying the
system.
Deputy County Recorder ID. T..
Danhy, ia response to call, took the
floor and briefly outlined the ques-
tion. He said he had resided In
Rathdrum eight. years, and every
year he had heard much clamoring
about insufficient water or deficiency
OF mains, etc. He said now was the
time for the town to buy. The fact
that for I3 years the company had
been clearing 16 per cent each year
on an investment Of $500, showed,
he said, that 1t was good business
proposition and would be good in
vestment for the town.
Justice A. w. Post was called and
spoke briefly ia favor Of the PROPOSE
tiOn.
A. Cook, clerk OF the village board
was the next to respond. Mr., Cook
presented fgures to show that the
town woiIld be making no mistake 10
buying the system at this time. He
read verified statement showing
that ia the l3 years since the water
works were put in, in 1893, the pro.
tits, over and above all expenses and
cost of improvements were $lo,O0O'
He believed the price, $500, asked
10y the company was very reasonable,
and said that IL had been shown that
the cost Of an entire new system
would he $l7, 600, far more than the
town could bond for. He stated alst
that the water company had agreed
to the town board to give a good titlt
for the water right on Spring branch
the source Of the supply. Tie bonds
to be voted upon, he reminded hi
hearers, were for 20 years with thu
privilege Of paying them after ter
years, and he expressed his conviction
that there was little doubt that tn
bonds could all be paid off in ten 0
twelve years from date of issue, ant
that, too, without levYing taxes TO
the purpose.
II. e. Young, cashier Of the Rath
drum State bank, aud member o
the village board, spoke at lengtl
along the same lines as Mr.. Cook
and presented cogent reasons VIII
the water system should be purchase
at this time. lie called attention +
the fact that the bonds would dra,
per cent. and would undoubtedl
fnd a ready sale at premium.
BARTLETT Sinclair, at this time, ol
fered the following resolutions whic
were adopted by the assemblage:
Resolved, that the welfare OF tn
Village of Isathdrum will be proniot
ed by the purchase OF the water sy'
TEN and plant and water rights
the Rathdrum Water & Power con