Los Angeles herald., 1910-04-07
Los ANGELES MAY
BUY HARBOR BONDS
Plan to Avoid Interest Burden
Suggested by InveStiga-
tors of Project
REMNANTS TO ROUSE VOTERS
Publicity Committee Probably
Will Distribute Souvenir
Buttons Also

At a meeting of the press and pub
! licity committee appointed to aid In
insuring the success of the power and
harbor bond election April 10. 1t was
decided yesterday to advertise the
project thoroughly, and with this OBJ
J iect in view 1t was announced that
pennants will be distributed for use
on automobiles and other vehicles, and
, that souvenir buttons probably Will be
/ distributed.
The first important step to be taken
will be to induce all the various
women's clubs. societies. fraternal
organizations. etc. to aid in the work,
to boost the two bond projects among
| their members, and also to induce the
various municipal organizations, bust
ness mems associations and civic
leagues to support the projects in every
way possible.
| 1t developed yesterday that the city
of Los Angeles may invest In its own
bonds for harbor improvement, and
also in its bonds for the aqueduct
power plants. so that no extra interest
burden will result from the Issuance
of the Sc. 800. 900 bonds involved. This
prediction was made yesterday by q
number of men who have investigated
the projects. and who say they con-
slider Il the best step that possibly
could be taken. If the bonds, therefore,
are voted on April 10, which seems Ger
tain. It will provide way for the CITY
TO invest its own money In its own
enterprises.
CITY MAY BUY BONDS
Every year a sinking fund has been
SET aside to nay Off the S23 900, 900 adue-
duct bonds when they become due. as
well as TO meet the city's other indept-
edness. 1t is necessary to invest TINS
4 1xFtfa
| now It is suggested that the money pe
nut into the harbor and power plant
| bonds. 1t is believed the aqueduct
sinking fund will come in fast enough
| to supply the needed capital. Long pc
| fire the harbor and power bonds become
due. II is claimed, the harbor Will ps
bringing in an enormous commerce 10
Los Angeles. and the revenues from tne
| barbor. IL is predicted, will not only
nav off the nroposed bonds. but Will
| furnish capital for other developments.
When the water begins to come IN
through the owens river aqueduct
the mower from the electric plants VIII
he available. and engineers say the
revenue from these plants should ne
ample to pay not only the S3,5O0ooo 10
be invested in the power plants. put
also practically all of the cost OF the
aqueduct.
that some opposition has developed TO
the proposed congressional approprla-
tion for the building of dredger 10
be used in the construction OF Los An
geles harbor. Dredging companies
which now do this work under con-
tract. are said TO be strenuously op-
posing the proposed government
dredger. because 1t will take away
from them considerable work now let
out under contract.
OPPOSITION TO DREDGER
The appropriation included in Senator
Flint's recent amendment to the rivers
and harbors bill provides $39O.OOO. IN
cluding $40 900 for the construction or
a dredger which will eXcavate much
deeper than the one now used In the
inner harbor channels. Reports from
Washington, il is said, indicate tnat
while the private dredging companies
are opposing the appropriation, there
is little chance that the amendment
will be defeated, for not only Is tne
board of engineers in favor of H. but II
is announced that Senator Fllnt mas
promised to do his utmost to secure
the provision.
Lieutenant Charles T. Leeds OF the
government engineering corps, IN
charge of the harbor work, estimates
that under contract it would cost $780,
600 to do the proposed inner harbor
dredging. which he says can be done
bv the government with its own
dredger in two years and for S2z0'ooo'