Los Angeles herald., 1908-09-22
News From NeigllbOrif1g Cities

each Of the men, as the mayor stands
to make profit of $40 per share If
the deal is closed with the city, and
the mayor has said that he paid in the
neighborhood of $50 share for 1t and
the rebates given by the company have
amounted to considerably more than
that
More than that, say the board APP
pointed, il the money was divided on
a basis of 5000 shares after each holder
has turned in his stock and gotten his
money, it would leave q tidy sum of
$7O,675 in the hands of the directors to
disburse in some other way or deposit
to the credit of the company, which
might at that time have no stock
holders.
The opposition has pointed out what
they consider a danger in the way the
deal is to be handled in that if the
bonds carry and after the money re-
sulting from the bond issue has been
placed in escrow it is left entirely with
in the power of a city council to decide
as to what the city will buy for It's
money.
They will pass on the question as to
whether or not the property to which
the company can get a certificate of
title is worth purchasing, and the op-
position is not willing to take the
chances of the council making a mis-
take of judgment
In the following statement the puhli-
cation committee of the citizens COM
mittee presents a side of its case.
"AntI" Makes Statement
George F. Kernaghan, chairman of
the anti-bonds publication committee,
has issued a statement in which he
says:
mayor Farley attempts to divert
public attention from the real purpose
of the citizens committee in placing
before the public the sworn statements
of the water companies The purpose
was not to raise the issue of assessors
valuation but was to establish the fol-
lowing facts as sworn to in said state
ments:
'First-Four-fifth of our water is
pumped water, and adjoining property
owners have the same right to pump
as we have.
"Second-That in the summer season
we have no gravity water.
"Third-That the Orange Grove ave-
nue. reservoir is over twenty years old
and too small for present use. 1t is
double reservoir and one-half will not
hold water and cannot be used. 1t is
the intention to rebuild this in the
near future.
"Fourth-That many of the present
pipe lines are old and too small for
present use and will have to be re-
placed at once with new and larger
mains.
"Fifth-That all meters will average
six years in use. They have been as
sessed at so per cent of their original
cost, including cost of wooden meter
boxes.
"Sixth-That the lowering of the
water plane has left one-half of these
tunnels dry and of no value.
ssrTNr.. i f-1Y t1na u
Is that the distributing plants are very
inferior; that the water supply is un-
certain: that the water is largely
pumped water; that the whole scheme
from start to finish is a stock jobbing
scheme promoted by selfish individuals
for their own profit at the expense Of
our city"
Mrs. Burdette Speaks
Two meetings were held in Pasadena
last night by advocates of the water
bonds, under the general auspices of
the board of trade.
At 1922 East Colorado street A. ].
Toolen presided over a gathering, at
which Mrs. Robert J. Burdette was the
principal speaker. Mayor Farley also
made a brief address and answered a
number of questions.
The stereopticon views of the plants,
which proved disappointing when ex-
hibited in the open air saturday night,
were shown at close range to much bet
ter advantage.
In the Metropolitan Baptist church at
"a North Delacy street a meeting for
the benefit of the colored voters was
held. T. D. Allin, one of the experts
employed by the city four years ago
to place a valuation on the plants, made
a speech, as did H. c. Hotaling, presi-
dent of the council