The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1907-03-07
WILL THE CITY BOND ITSELF TO THE
FULL POSSIBLE LIMIT UNDER THE LAW?
Practically What viii Happen Citizens Vote to Pur
chase Build Water Works Plant.
TO THE PUBLIC:


In the discussion of question involving preaching possibilities
the community such the purchase of the water plant and its
spirit cando without passion and with such ability
possesses to and speak the truth
interest this beyond that of
large taxpayer citizen of Mantowoc While has been said
question without the least particle of bias with the fare of the
city have never certainly do believe the
water works company paying Investment hence it needs
phas that would refuse put my money into
paying property And because of the rule apply to myself IN
making investments would the community Don't
money into plant from which you can get no adequate return
Why bond yourself for nearly quarter OF million dollars for the
purchase of something which you already possess? You will
cay reach the limit your bonded Indebtedness and when that
condition has been attained you VIII nave eectuay crippled the
development of the city And need that this city needs nstu
high school? If the city bonded either purchase the present
plant to build competing will get central
this matter will prevent much after repning
will take the community into my confidence by assuring that
with Gray have gathered from his
is to buy but that the point of violent contest is price Natur
wishes sell without loss Mayor Stole advocated the purchase
present plant S13OOOO while the impartial of appraisers
value of $685. 900 the property Around this difference of
value has riot personalities have been banded about
and equity has been enmeshed in subtertuge
Now to clarity the situation dispensing with the question of the
right and of certain economic policies and to stand the
basis the square deal let us go back to the time prior to the
ownership the water works system by the company
operating capacity second in its financial third its
administration These three facts caused the property be looked
inevitable At this lax and Improbable period the company
bonded for $2O0O and the bought the stock
nauguated Reform the business management supply
ing the basis of cost profit and expansion id ntca
policy pursued by all successful business Repair the
teal reconstruction of the plant and etrencmen the company
administration of its property The rigid application this policy
contrast with former indifference began rue 1t ruled the
taer simultaneously rued the company the person of its
officers The rng has gone until hatred Justice
hold the scale In the discuss the
works question simply provoked assertion and counter assertion hos
tlity and counter hostility.
The charge that company bleeding the
public and growing fat through privilege Then cutlery
for municipal ownership municipal ownership by spoaton if
such could be done has been avered that the requirement of the
works by the city would produce profit that
be ghened that taxpayng would be burden
vague visionary vapd such allegations
citation of the total gross of the company which
but slightly $4,000 each Here follows
receipts expenditures company
the year and let he who figure bonanza figures
attempt the feat: