Richmond daily palladium. [volume] (Richmond, Ind.) 1905-1906, 1906-02-20
46
Total balance May 1st
1905. =. :. $50

! Total balance May lst
1905. $50 1923 60
II examining the figures for 1903,
the actual profit from operation OF
the plant after deductino charges OF
every nature, including interest on
the bonds. is $12,1S7.57; there was al
50 returned to the General Fund by
the Commissioners. during the first
four months Of the year, the sum OF
100000. making total of money
paid back to the General Fund during
the year Of $1S,SS7.57. If we de-
duet this amount. from the total cost
of the plant to the city, it will make
the entire cost of the plant to the city
on January 1st, 1906, the. sum g of
5000, 2S2.95, this amount being repre-
scented by the bonds of $l44,OOO.OO
and money advanced from the -Gener-
al Fund of $56,2s295.
The City Light. Plant was built to
maintain ,maxinlum load Of $50 w.
| W., the engines being capable Of car.
rying for short periods an, overload
of. twenty-five per cent. On Janu-
airy 1st, 1905, the number of private
consumers was 951, and on January.
1st, 1906, the number was 1928 The
average K. w. load has in the same
time increased from 500 K. W. to
$50 X. w. '' '|
It is easily seen that with the same
increase of business in 1906 as 1905,
the maximum capacity of the plant
will soon be reached and the question
before the Board Of Public Works
was: Shall we continue the plant
with its present capacity and soon
have to refuse all new business, or
shall we recommend an increase in
.capacityf Council being informed
Of this sandition, s-,authorizsd the
Board. Is. have plans, specifications
and estimates prepared for an addi-
Itional -uuit- -incxaasing the capacity
tef the=1e4est-ttof;so0 K. W., and this
is being doBe at the, present time.
- The PAN i truth Is. the City Light
Plant has been more successful than
its most sahhguine supporters -imag-
med, and it-wQuld seem not only bad
policy, butz bad business not to ex-
tend the capacity of the plant, even
| though we add to its cost some thir-
ty or forty thousand dollars.
In conclusion Controller Needham
says:
| "Retrospection, no matter how in
structive or interesting, is useless I'M
less it introduces methods or produc
es results which will correct evils. [
have endeavored to place before
/ Council the exact condition Of the
finances Of the city and to give to
your body q true statement Of all the
/ funds intrusted TO Your care. in order
that You may fully understand and
appreciate the responsibility Of your
management.
GAS the principal receipts are paid
to the city in May and November, it
will be necessary to anticipate this
income by temporary loans. and while
the present receipts will bear the
present expenditures, Council should
ever keep3in mind that financial, pro-
| vision must first. be made for any I'M
usual expenditure.
"For the guidance of Council and
| the officers of the city, it is recon-
mendea That a complete revision Of
the ordinances be made as soon as
possible: and especially is it neees-
sary that the ordinances in regard to
peddlers, hawke1s. medicasters,
plumbers. printers, moving permits
and other permits for using in any
way the public streets and alleys. be
modified and changed to conform
with the present law and the present
conditions.
"The carrying into effect the many
and sometimes conflicting demands of
| the Cities and Towns law, has only
been accomplished By the united eff
forts of all the officers Of the city,
and the COED will Of them has
brought harmonious. adjustment Of
all the various departments to the