Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1908-01-30
S25O,72S.7S
The FIGURES
Dam Arbitrators Agree Upon
the Valuation.
THIRTY DAYS RESERVED BY
BRADY TO MAKE ANSWER
Three Weeks Conference Be-
tween J. T, Lupton and
L. c. Gunter Ended
Saturday.

Chattanooga Times:
After being in session daily for the
past three weeks, the majority mem
bers of the board of arbitration on the
Lock and Dam controversy reached the
end of their labors yesterday afternoon
and submitted joint report in which
the plant and equipment belonging to
Contractor w. j. Oliver at Hale's Bar
was appraised at $3.50, 729.79. The
appraisement of Commissioner L, c.,
Guntar, representing Mr.. Oliver, and
J. I. Lupton, the umpire and disin-
terested member of the commission, is
over two and one half times as large
as that made by Commissioner Thomas
Murray, of Brooklyn, representing An
thony N. Brady, Of New York, after
the commission had been in session
less than a day and half Mr.. Muir
rays report was to the effect that the
plant and equipment including. the
railroad, was worth 500, 600.
Copies of the report made by the
commission were sent yesterday to rep
resentatives of Mr.. Brady and Mr.. Oh
liver Mr. Brady had the right Of an
option of thirty days to accept the
plant at the price named by the COM
mission In the event he does so, an
other board of arbitration, composed
ofeThomas Murray, of New York, for
Mr.. Brady, Judge j. W. Sneed OF
Knoxville, representing Mr., Oliver,
and J. T. Lupton will meet to hear
the evidence regarding the claims Of
Mr.. Oliver for additional compensa.
tion for extra work for which the con
tractors officials claim he has not beer
paid. This amount as ,saiolc to be jI
the neighborhood of $500 900. The
commissiof @iiShear the evidence lane
make an award according to theil
opinion as to the amount to which Mr..
Oliver is justly entitled
In the event Mr.. Brady does not ac
cept the plant and equipment at the
price named by the commissioners il
their report Yesterday afternoon, ac
cording to the terms of the agreement
Mr.. Brady is to enter his aupearanc,
in the local courts in order that tn,
differences between Mr.. Brady and tn,
contractor may be adjudicated.
According to the statement made b.
Judge Hamilton, counsel for Mr.. Bra
dy and Col John Bogart, Mr.. Brady
chief engineer, before their departure
for their homes in New York the ans
wer of Mr.. Brady will be made in tn
near future. They stated at the tim
that Mr. Brady was anxious to hurr,
the work of completing the Dam a
fast as possible and would not delay il
stating what he would do
The marked difference between th
valuation placed on the plant ant
equipment by Commissioner Murray
as minority member, and the major
ity members of the commission, is SAT-
to be due to the difference in point o
view between the commissioners. L
making his report, which was an eX
ceedingly brief one Mr.. Murray state
mt the time that the plant probabl
cost much in excess of the valuatio
he placed on it, but that according t
the terms of the agreement ''value i
place should be considered. He stat
ed that he did not believe that nea
half of the amount of the contraC
should be expended in equipment.
In agreeing to sign his name to til
report with Mr. Lupton, Mr. Gunte
stated at the end of the report that Il
considered a number of items to hav
been scheduled much below their va
ne, but in order to harmonize conclu'
ions, he had concurred in the report.
IN striking contrast to the brief n
port of Commissioner Murray, WI
gave the appraisement in lump sun
the report of the majority members {
the commits ion covered even the Sma
lest detail, the prices varying frol
two cents to sci, 600, 1t covered neal
ly seventy pages of typewritten mat
ter. The two commissioners were i
session from about o'clock in ii
morning until o'clock in the afte
noon of each day for nearly thrt
weeks. Several trips were taken
the Lock and Dam in order that Il
exact condition of equipment migl
he carefully noted by Mr. Lupton.
81 The summary of the report, whiC
accompanied the itemized apprais
ments, marked exhibits "A, "B.
&C. - ID" and which was signed !
both commissioners is as follows
Chattanooga, Tenn,
Jan. %, 1908
''Messrs. \. y. Brady and William
Oliver. New York and Knoxville
''Gentiemen-We herewith report OF
findings as two of the arbitrators II
der the articles Of arbitration betweD
Mr.. anthony n Brady on the Ol
lmrt. and Mr. William ]. Oliver
the other, in relation to the Hale
Bar. etc, contract aS follows:
We find the value of the railroad,
comotive and rail cars. sol Sil OO
Stock supplies. aS Ter list "B' =
400 ~
ComIuissary stock rs lcr list &C
81 81. .gj.
Cement. Sil, ,AS3.GS
Coal. Il. .l5t.OO.
Camp, Sl1, j0O.m.
Camp equil ment. ~ per list ID
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