Daily Arizona silver belt., 1909-03-23
VOTE FOR THE BOND ISSUE


 The Silver Belt, after a thorough car. vass of the question and having accum- ulated a bunch of valuable data from many points in the United States, is unequivocally in favor of the proposed bond issue by the city of Globe for tho purpose of purchasing and extending the plant of the Pinal Water Company and building a sewerage system.
 Tho option secured on the plant of the water company, everything corsid. cred, is fair and equitable. In fact, 1t is price that could not have been se- cured by any individual or independent company.
 The revised proposition of the bond ing company-and 1t is the proposition that you are asked to vote upon-is as liberal as could be secured from any source, and is the same rate of interest that majority of other cities in tho United States havo bsen compelled to pay on recent bond issues. And it is the lowest rate that can bo secured for optional bonds of the character Glcha proposes to issue.
 With these questions settled only one ether question-and we say ono advis. edly-remains to be answered.
 Do the taxpayers wish to own and op. crate the water plant and install sew craze system7
 With an array of figures before the Silver Belt from cities operating their own water works systems there can be but one answer to this question:
 YES.
 Tie revenues from the water plant, under the existing schedule of rates, will gay tho interest on the proposed bond issue and provide sinking fund of sufficient size to care for the bonds as they mature. There are plenty of Ggures-and reliable ones too--to sub stantiate this statement.
 Conced.ng this statement to be cor rect Globe will acquire the water plant and construct sewerage system with out increasing the taxes of the proper ty owners one mill, and ultimately re- ducing them and providing revenue for other improvements.
 It would be folly to advance argu- mont in favor of sewerage system. There isn't croaker in the city pos sessed of sufficient effrontery to under take to deny the absolute necessity of this improvement. Waterworks and sew erago are siamese twins-inssperable in all well regulated municipalities. One cares for the other and there is nothing wasted, while there is gain of incalculablc value in the Improved condition of the health of the city. Globe has recognized the necessity of a leverage system for number of years past, but she deferred action, and wise ly, perhaps, until tho city was in posi- ticn to acquire the water plant The opportunity now presents itself Globe can acquire the water plant and con strrct . sewerage system without talk irg a single dollar from the coiiers of the city or the pockets of the taxpayers. The money will be furnished a5 fair rate of interest. Sufficient time has been granted so that tho revenues from the water plant will easily take care of tho principal and the interest, and the city can acquire these Improvements without deferring action on many other desirable improvements, which under other conditions must go by default. The water plant and sewerage system will be practically gift to the city. The money you arc paying out for water now goes into the treasury of the water company. When the plant passes to the city the same money you are paying today, maybe it will be even smaller sum, will go toward paying fer the