Los Angeles herald., 1907-06-13
OWENS RIVER BONDS
APPROX ED BY MIGHTY
WAVE OF ENTHUSIASM
SHOW FAITH IN ENTERPRISE
Result of Election Assures Brilliant Future for
Metropolis of Pacific Coast-A City Beau
tiful Spreading Over Expanse from
Mountains to the Sea
| T was a great victory.

7 T great victory
Meaphoray speaking 100000 inches of from the
snow-capped flowed Los Angeles yesterday
ballots And the Of the flood stood Los Angeles
triumphant -. e,.uo ,.suxod 4h;s eou,r. t,o.,1
the great city the greater city that is be- beheld
startling vision
before metropolis city beautiful stretching from the
the where in safe harbo onged the COM
Factory wheels hum product from the factories goes
out and ever out through gateway the markets the
world No pail hangs the city for electricity drives
those mighty wheels electricity generated BY the water hooa
brought the citys from the far distant Owens valley
Beyond far-ung far the reach stretches away
uaden orchards fruitful fields yerdant vsa Of beauty and
Within the cys boundaries great parks their lakes filled o
ovowng provide delightful pleasure spots for the people Inc
city itself presents the appearance of great garden its
stately piles rising the skies through uxuant foliage
fade Night falls changes tiny thread
light gd the Quickly spreads and again the
city revealed beauty outlined in vivid hrehe best
lighted metropolis in the world
THIRD Is BANNER WARD
And that is what yesterdays vote Tor the Owens river water
The victory was any the result
doubt campaign committee headquarters the Chamber OF
building rapidly and they all tod the
city, rolling up 20 for the bonds the totals beinS
2O 18 Even the Bloody Ate seen its duty and done noble
Early evening telephoned into campaign head
the from PRECINCT M This is in the Eighth srd
cheer call for the police Investigation showed
precinct and official figures figures Is E
IDENTIFY joker had put over but at any rate ne showed a
At the city hail. campaign headquarters the
evening scarcely knew each other stopped 10
exchange congratulations Everywhere there air OF
complete satisfaction the outcome The crisis in the city at
fairs had been met and passed tumphant Ahead all was clear
'Ail''s LOCAL BANKS WANT THE BONDS
and already beng
made Though the ordinance adopted yesterdy per-
city council fix the interest at not to exceed ~ per cent
has determined that high rate will not be ne
The entire will bear interest the
The which probably Will be put
three months expected to be taken by oca pa
which made tentative and unofficial offers to me
will be for $3OOOOO be S9O
scarcely likely $OOO thought to be sufficient TO
complete preliminary work now under way:
of the bonds will be issued from time to time as
the money needed and there will be trouble in disposg OF
them fortnight several representatives big New
which make speciality municipal bonds have called
city learn what they could regarding the Owens
river issue.
Until the authorized they could not of
be pretty clearly understood that not single
of the will be allowed to go begging Whatever
condition of the bond market satisfactory market or tnc
Owens river bonds seems assured
WILL RUSH AQUEDUCT WORK
Within all proceedings connected with the bond cleo
will be laid before Dillon Hubbard the New York bond ~
the validity of all Los Angeles bonds and -
whose approval municipal bonds cannot be sold in the east
However Dillon Hubbard have been consulted from time to
time practically made has been with their approval
Consequently theres not the shadow OF doubt hat tn VIII
the ISSUE
Their opinion probably will be received here within month";
designers will work. the designs approved bonds
ordered engraved and the first issue offered Tor SALE All TINS VIII
probably three months certainly less than four
Meantime there will be cessation of work in the Owens valley
along the line of the aqueduct With the assurance OF ample
financial support carry all their plans Messrs Muoand
Lppncot under them will return to work with
and it possible shorten the period OF hve years
completion of the big aqueduct they will do It, Tor
they the kind of men who do things
WHOLE CITY VOTES FOR BONDS
An analysis of the election returns thing conclusive
w The sentiment in favor OF the bonds was not conhned g