Arizona republican., 1909-04-02

and during the first and each succeed ing year. for five years. at least 300 or more additional buildings would be connected. making total in five year of 1,SO0 buildings. or only GOO more than are now located in the same dis trict.
 Nor is it unreasonable to expert that most of the new buildings to he con structed in the early future will be not the "old Arizona" type of adobe. one story adobes requiring little or no sewerage. but will average larger in size and of a better and more expensive type and character. and hence be sub ject to larger sewer tax. thus in creasing the general sewer revenue from the same district; for instance, such new proposed buildings as the National Bank of Arizona. the federal building the r. NJ. C. A building. the Noble building and still others now in contemplation.
 On this basis. and assuming that the city would not need nor care to hold the lots on the corner of First and Bu- chanan streets, we might estimate as follows:
  GOO; interest on bonds at per cent. s4.92O; expense account. S2.OOO. To- tai, sSS92O Received for lots First and Buchanan streets. S2.5O0; received from 500 houses. S12. 500. Total. sI5, ,0OO. Bal ance unpaid bonds. ST3.920
 Second Year-Interest on unpaid bonds. S73.92O at per cent. s4.435; ex- pense account. s2.5O0. Total, s6.935 1 Total $S0.s55. Received from 700 houses. $17.5OO. Balance unpaid bonds, $63.355.
 Third Year-Interest on unpaid [ bonds, Ss3,355 at per cent. S3.s01: ex- ! pense account S3.00O. Total. s6.SO1 Grand total, S7O.156. Received from 900 houses. s22,5OO. Balance unpaid bonds. $47,s56.
 Fourth Year-Interest on unpaid l bonds, S47,656 at per cent. S2.S59; ex- pense account. 5000. Total. s5. S59 Grand total, $53,515. Received from L. 100 houses, S27,5OO. Balance unpaid bonds. $26,015. Fifth Year-Interest on unpaid bonds, ! $26.O15 at per cent $1.561: expense account. $3.5O0. Total. S5.O61. Grand total, S31.01G. Received from 1900 houses. S32.50O Surplus to the good. S1.424
 Granting that this is a conservative estimate. as We believe it to be. then the present sewer system. even under adverse conditions, would pay itself adverse conditions. would pay it. self. principal and interest. in from five to eight years. and that, too. out of its own receipts, without drawing a dollar from the city treas ury or being any considerable burden upon the citizen taxpayers. Moreover. We have legal advice to the effect that the city council has full power to enter into a contract such as suggested. and that such action would not be contingent upon the delay un- avoidable and always incidental to congressional approval. as would be the case should the city of Phoenix issue it's bonds in payment of said sewer system. Neither does II mean the piling up of another city obliga- ton to increase the burden of the tax payers. On the contrary. it means a selfsupporting. self-paying proposi- tion, which in few years time would come into the city's possession, when it would naturally become attached to the comprehensive sewer system all ready referred to as a valuable unit of the same We do not claim that this report is faultless or without error. but it has received the best study. judg ment and all the time that we could give to the subject. and we believe. that, considered as a whole. it will i'm press the citizens of Phoenix with its fairness, importance and conservative spirit upon a question vital to every man, every taxpayer and every resi- dent.
 Therefore we recommend: First That the city council. without delay, employ a competent engineer to make a study of existing conditions and sew