Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1906-01-27

years and that ire acinal value en-
proper estimate VIII fail far below
f100o00 The water company claims
that the franchise 81 worth something.
although probably because they real.
l1o that t Waa D gifi from lhc city.
they DO not aak tho city % pay thcm
nnyihlnR fof shat. The water company
claim also that ns thUy arr q NoinE
concern. und have B contract Tor four.
teen years AVID are making a consider.
able profit over expenses ard nacd
charges mat they ought tD receive
more than che actual value % the
property IN 8lEht and under the
ground Thcg are willing. however, tQl
sake $4,000 less than they think che
actual land and ohaiieia owned ty'
them are worth. ON the other baud
SHOULD the city determine or munlci
pal ownership. no one in view of the
early maturity of the bonds Of she
water company and the imnoaalbiliiy
on securing an extension of The fran
chiac. would De- willing to pas any,
thine foF the property.
Owners Gould Sell Cheap.
THE city "a the only nctunl purI
chaser lu ihe markef and can afford
under lii ihe circumstances ie FlVe|
moro far ihc plant than e % aciuaiiy
worth Now what can the water rom.
0ang afford az tako7 Thoy can AFFORD
To taAe iusl what ihe els IH willing lU
give. because thoy cannot find another
purchaser and because they icannot
operate the plant against the oppoai-
ton Gf competition Of the city. The
pFesenf owners Of the plant DO not
stand IN the same position aE mr.
Grant. who always claimed that ne
had been obliged 10 put ali ne profits
90 tho concern into improvements and
extensions and must therefore look 90
the future FOR his remuneration The
present 9wseFs are recent purchasers.
They therefore can aaord 20 sell on
ihe basis % The cost 90 them what
dld they pay for the Dlantl Those
who know have no for not taken tho
public Into thelr confidence q % ru.
mored that they paid the Grant estate
gtb0t y There are uutstantlnR bonds
Amounting 10 $4,000. supposed 90 6e
held By New York parties N n sale
was ma6e at f250.O00 this would mean
under these conditions. q profit of $50.
600. or $40 900 90 each OF the Eve own
ora. This. ln addition GO thclr profits
since they have been running the
water works. said Go BE- no i3ast lif.'
600 a year, would be regarded by
many 81 a very comfortably romuncfn'
lion, Tor the time and trouble Involved.
Plant cost $4,000.
The present owners cannot anoru
I % have this community think they
arc making too much. They ara deep
" interested Ia the prosperity Of this
I community and valne iis good viii
even more than they 40 lts good dol
/ lars. Who are the present owners Of
I the water company They are Frank
\ a. HHbheli w. n. Glllon SRter. W. RI
I whitney A. ~ McMilicn and VI W
I Flcurnoy They are Officers Ia The
I First National bank and IN the Monte
/ aum3 Trust company The fla00i
which they paid Tor the plant was nm
( doubiediy borrowed from these hanks
Z and the interest has been paid from
! ihc prCeie So thar NO one OF Ties,
] aontlfmen has single dollar % hl,
own moncv 'ar Nedfin the enterprises
i lhls "a "aial.y 90 these days o
II hif a0ig NO reelection upui
4 thos dnes Ii io;low that they
sh0u tapi aty have thul
u sain.. Icuf-e hut L place.
NJ fhom tHicn where they cai
AFFORD ifc-aily ana even gen
er1usy nmltlly OF whicl
ltaay form .dernhc part bu
I brhigd tht tHf'emau az the bank
they repre- i She noo1o Will h0li
the banks fr -t.'e n thH ueopleH
.......... H...... ....f I.s fanan nnuNa Hn|
I. hpon used 20 ane sn gentlemen
to drive too hard harsli1 With ih'
\ people. n would So q pro" lo IN
voalment 60 tai' some ~ surplu
Of those banks ana Day n1tlo
men a legitimate Grof' ~ ~ rna
action, 30 that TINY ce8 81
To the city the w.,ter p'at
actual cost go them its zee o
thin city take q par lonuhiu pride &
the Rrowth and prosperity pf thei
banks, az q indicates me sound sui
atnntiai growth from moneiar
/, standpoint OF he city. On she Othc
|. hand. the banks make every effort 4
, gain lae confidence and good viii .
I tho people as the growth and permi
/. nuncy OF their business rests upo
. tine feiih OF the people. This d q
, peciaiiy true OK trust company whic
asks 10 care for the hard earned say
. lnes OF tao poor aud 90 have intruste
% n the money of estates for th
4 benefit 81 widows and orphans. Th0f
/. Is q aaur0dnnaa about SUCH an inatlti
zion Whleh demands for ~ pfaaerF'
4 fion the highest financial integrity
should tc Ike Caesars wife, ahos
!. suspicion
Council and Company Friendly.
From thlg point 81 yinw IL the meh
4 hcrs 90 the water company DO not coz
, slider that ihog cen deal with the On
/. Ia this water SALE with the nimp'
= ilbomilty extending even % Some aai
/. sacrifice. the banks they rfprCEch
+ could well ahord 20 Interest them
4 delng so
, Forr of the members of the oounc
M M their last meeiing namely Measf
i uanloy, Harrison. lliold aud Walke
4 voted in omor the water Cnmnan
Z t221.0Q0 ion their uiant This numhi
!. was not SUFFICIENT i0 carry the mQli0i
/, The motion Go make tha offer $685. 90
1 WAS passed almost unanimously Oh
/. members OF the council oxproaao
N themselves ls desiring 90 deal fairI
= with the Waicr company. but duty
i themselves ard t0 fnclr Constituent
3 prevented them from uheriHg MOI
/. than they thought che plant worth q
4 more tdan the city could aford 10 ual
4 on emo other hand. iho members &
4 the water cOmpany undoubtedly col
4 sIdOrnd that they made q liberal one