Los Angeles herald., 1910-01-24
BOND OPPOSITION
ISSUES ALLEGATIONS
QUESTIONS PUT TO ADMINS
TRATION FACTION
Pro-Bond Party Insists That Several
of Them Have Already Been
overwhelmingly Be-
comes Interesting

PASADENA, Jan. 23.-In a startling
series of questions and allegations the
anti-water committee this evening
challenged the pro-water or admins
tration faction to battle in the few
short days before the election on a
million and a quarter bonds with
which to purchase the city water
plants. The election will be held next
Wednesday. The questions are as fol-
lows:
I'VE do not oppose municipal own
ership, but we must not cripple our
credit by wasting $1,200,000 to obige
stockholders who have placed false
values on stock that belongs to land.
will you believe that these water
companies are great revenue producers
when they are continually in debt and
making assessments?
WAS the Lake Vineyard company
ever in financial condition to pay divi-
dends when it Immediately asked the
stockholders to pay it back the assess
men of So per share to build a reser-
voir? They had planned this improve
ment before they paid the dividend.
1.-The mayor has said he would not
agree to pay this price if the rebates
were not legal. During his three years
in office why has he not taken this
matter to the supreme court and set
tied it? Answer-The water companies
will not permit it.
Impugns Councils Purpose
what do you think of report fixed
up by the coucil to suit their wicked
purpose?
How do you like paying for this
report and its postage out of the pub
lie treasury?
why buy 1884 900 of land and get
no more water?
ION July 16, 1906, the Pasadena Lake
Vineyard Land and Water company
under oath swore that the corporation
was a corporation not for profit and
that no value should be placed on its
water or water rights. That the total
market value Of all its stock was
S254, OF.
Don't forget South Pasadena. She
must receive forever her legal share
of water She fixes the price, which is
less than we pay. She will receive her
share of the plumber and will never
have to pay a cent of the bonds or in
terest. Moreover, she can tax the plant
and the franchise. You cannot vote for
such a scheme.
mo matter what these plants may
be worth they have been built with
the money paid by you and all water
users, and belong to the land. Why
should you mortgage your home to
buy these plants?
"Why did the mayor figure the in
come of one company during the years
1907-8-9 and the income of the other
company during the years 19O6-7-S?'
Several Questions Answered
The city administration, represent
ing the pro-bond faction, has answered
a number of these questions before
they were asked. In a communication
to voters issued several days ago the
statement was made that the valuation
of the water properties as appraised by
experts and committees was million
and a half, for which the city will pay,
at the option price it holds, one million
dollars, gaining 100000 in the deal.
That the water companies are con-
tinually making assessments and are
continually in debt is denied by the is
suance recently of dividends on the
water stock of two of the companies
and the issuance of dividends at stated
intervals on all water stock in the
city. Figures will be issued later show
ing the absolute income of the water
plants. Already it has been shown
that under dividend management the
companies have been making enough
to pay all the running expenses of the
water plants and provide for payment
of interest on the bonds and of depre-
citation and extension of the plants.
1.-THE list of questions is aimed at
our motives" declared a municipal Of
fetal this afternoon. 1.-THE anti-water
people seek to impugn our motives
and misrepresent our stand in the mat
ter of municipal ownership. 1t amounts
to nothing less than passing the lie
direct Why do they not come out and
pass the lie around personally so that
we may individually answer?'