The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1909-11-16
RICHMOND WATER
WORKS PLANT FOUND
GOOD INVESTMENT
CONTINUED From page One.)


would begin in earnest and with plans
completed. organization perfected and
materials on the ground. all parts Of
the work should make rapid progress.
Il is estimated that by December 81.
1910 the reservoir. wells. galleries,
pumping station and machinery and
about - miles OF the larger mains
would be ready for service BY this
date also LOCO services should be con-
nected. as we'll as zoe fire hydrants.
During the open weather Of the mex.
six months the plan would be COM
ple,ed. However. no, until June 50.
1913 would the plants net earnings
be equal 10 those OF the going plant.
or the plant now in operation.
Recommends Changes.
In his report TO the board OF works.
Mr.. Maury recommends changes in
the local plant TO the extent OF $lse..
40. Some OF the most pronounced
changes suggested by the expert.
cation of the existing conditions OF
the pant As IOlIOWS.
I. An increase In the water sup
ply.
>. Various minor changes In the
machinery at the pumping station.
). 4 new 20-inch main.
4. Changes in the pipe lines In the
vicinity OF the pumping station.
D. One additional compound pump
ing engine of 100000 gallons capa-
| city, daily.
s. A l6-inch pipe line from Twenty
third and Main streets to South Sew
enth and u streets and a number OF
other pipe lines to relieve dead ends.
Z. One hundred and ten additional
fire hydrants on the existing mains.
Net Book Value.
The average net earnings OF the
company for the past six years Was
$35, 900 in bonds Of Indebtedness. II
has paid $7S.s75 In cash dividends.
and $l25. 900 in stock dividends. The
assets OF the company at the present
time are $65S. 299S5. and the total liza
bilities $592.SiO.40. During the past
six years the company has made
$201. 47452. The net book value OF
the investment up to June 80. 1909.
shows $650.695.1s.
| In 1914, at the present rate Of in
crease. the gross revenue OF the com.
pany will be $4,000: the gross reve-
nue. at present being about $4,000.
The operating expenses. which are
now about $4,000 will. In 1914. DO
$31 900.
1t fact it can be stated authorize
lively that the local plant Is In bet
ter condition at present than the
plants In many cities Of . similar size
or even much larger than Richmond.
A Lengthy Report.
Expert Maury's report n submitted
to the board of works would make the
most dim and obscure passage OF
Browning look like q plate glass win.
dow just after tho colored boy gets
through using the chamois. It covers
three volumes and gives . minute and
itemized account of every phase Of
the plant. 1t is complete In every
figures. There are maps and photo
graphs showing the various pipe lines
over the city.
According to the report the present
net earnings Of the plant arc ISL. 200.
The estimate Of Rudolph q. Leeds. cd
itor OF the Palladium. on the net
earnings was $51. $50. which he made
before Mr. Maury began his investiga-
ton. The depreciation Of the plant
is SOS .693.02.
1t will require weeks Of deep study
on the part of members OF the board
OF works. however. before any decis-
ion can be reached in the matter. Each
feature of the report will be studied
separately and with great cara