The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-09-26
October 1. 1908.

October /, 1908
Board of Bond Trustees of the City
of Pensacola, Fla
Gentlemen: In pursuance with my
engagement by you to make Just
and equitable appraisement OF the
value of the water works in the city
of Pensacola. as owned and operated
by the Pensacola Water Company.
beg to report that / visited the plant
about August first of this year, and
carefully examined the whole plant;
making detailed examination of the
power plant. reservoirs. wells, stand
pipe, tower and tank, dwelling houses
belonging to the company, dis'ribu-
ton system, including all valves aud
fire hydrants, and the book accounts
in the hands of the Pensacola Water
Company. with a view of placing a
Just and equitable value upon the
whole concern, and beg to submit MY
following report and appraisement-
History of Plant.
On November 18th, 1886, the city
of Pensacola, by an ordinance, entitled
IAN Ordinance to provide for public
and private supply of water, in d1t
near the city of Pensacola, Florida,
and granting to S. R. Bullock & Co.,
and their associates, successors OF as
signs, the right to construct, operate
and maintain and own water works
in said city, and contracting with them
for water for fire protection and other
purposes, and for the purchase Of said
works by the city, granted frau
chise to the aforesaid Samuel r. Bull
lock & Co. to erect and operate
water plant On December 18th. 1855,
the Pensacola Water Company was i'll
corporated under the laws of the state
of Florida. for the express purpose of
owning. operating and maintaining q
water works for supplying the city OF
Pensacola and the Inhabitants thereof
with water for fire protection and for
domestic and industrial consumption.
This charter was granted by the state
for q term of fifty years, and carried
with it the authority to hold property
and real estate to the value Of S3Oe,-
Go00e, and limited the Indebtedness
of the company to so per cent in ex-
cess of its capital stock and bonded
Indebtedness
The franchise granted by the ordi-
nance OF the city OF Pensacola was
given for a term Of fifty years from
November 18th, 1885.
The Pensacola Water Company pur-
chased from s. r Bullock & Co. the
franchise alluded to and entered Tito
agreement with said Bullock & Co. for
the erection of the water plant undeT
plans and specifications prepared by
Mr.. Clarence Delafield, a civil en-
gineer, employed by the Pensacola
Water Company. The terms Of said
agreement provided that the water
company was to pay the said Bullock
& Co. for all his rights, title, and
franchise, and for building the plant
complete. the total bond issue OF said
water company amounting to 50:
bonds OF a par value of S50O.00 cash
or $50, e0o.00 par value, and in add
ton thereto $50 shares of its capita
stock, with a par value of $4,000 pei
share. The capital stock had nC
value, nothing having been subscribe;
to the treasury of the company OF
account of its issue, which issue
amounted to 1850 shares. The bonds
were thirty year bonds, bearing pei
cent. interest per annum, due 1915
and were sold by Bullock & Co. to r
d. Wood of the city of Philadelphia
and are now held by the BuckneH es
tate, which Is an heir to the r. d
Wood estate
Original Plant.
The original plant, as built by S r
Bullock & Co, consisted of the follow
ing:
Two 4O-horse power horizontal re
TURN AubuldI
One feed water heater.
One Desn-Holyoke boiler feed pump
Two two-million gallons compound
condensing duplex pumps.
zone brick power house, with stone
trimmings 2sx5S-
One brick smoke stack, 100 fee
high, 8 feet shaft.
One 6-inch well. 40 feet deep.
Steam and water fittings for boilers
and pumps.
One frame dwelling for engineer,
One staBd-pipe, iron, 20-feet diane
ter by 1873 feet high on concrete foun
dalton.
Five lots, s0x1S5. at corner of Pala
fox and Cervantes streets, upon which
the stsnd-pipe was erected, and upoI
which a small frame dwelling wa:
srected for engineer.
One power-houSe lot at corner o.
DeSoto and Tarragona street, 14oxIT5
6255 iineal feet of 12-inch cast iroI
forcing and distributing main, weigh
ing 81 pounds to the foot.
$4,000 HneaI feet OF 6-inch cast iror
distributing mains, weighing SO pound:
20 the foot.
1e4 two-way Ludlow fire hydrants
connected with distributing main:
with 6inch cast iren pipe.
Five 12-inch- Ludlow valves
Twenty-Five 6-fnch Ludlow valves.
22.S3 tons of special castings.
The piping system comprised 117'
feet Of 12inch forcing main from tn,
power house to the stand-pipe aut
b.OSe feet of 12-inch distributing mali
IN Paiafox street from the stand-piUt
10 the north side of Main street. anS
ts4S miles Of e-ineh cast iron distribu
Eng mains.