Pine Bluff daily graphic., 1910-04-13

stall the tufDlnS and ae ready to de- | liver electricity.
 Engineer Beard stated it was tie lhtentlon Of the company. ii. the proper charter was granted, to be-fn 1 tie work during the dry spell tie ! cominG summer, hut requested the time he made as lengthy IS possible On account of the I.a1ility of oves- f ON. Finally Attorney General Hal L Norwood offered an ameaIm2nt 50 ttce charter, resaryiHa the right to the state to change the rates charg- i oo by the conn any at any time they appeared to be eXhorbitant. so tha- 8 reasonable return upon the inyes7- Il ent would be assured the company. i and yet make the rate a fair one fo1 the consumers. This caused biz howl from the promoters, because it might frighten off the capitalists who were to invest in the enterprise. i dwelling at length upon the $500, GOO capital which would be brought iato the state through the building of the dam and power plant, and the tie industries it would bring w.h it. Attorney General Norwood stated if the capitalists were after an unfair advantage over the people of Arkan- sas, they were not needed. Finally the charter was granted with these conditions much to the disgust of the i promoters, who stated the capitalists
 would probably not accept the con- Gitions. Attorney General Norwood suggested to have per cent insert- cd in the amendment as the least re- ttfn the company should be expected to ro"eiye, but this was worse than
 ever and the attorney took the char
 te, away to consider it for several days before filing an acceptance.
 Just before the charter was grant
 ed, MT. Phillips, a representative of the Ouachita Power Co.,, walked into
 the room Of the Secretary of State
 where the meeting was being held. He at first stated the gait ,r of a
 charter to the Garland company
 would in no way interfere With his
 plans. glance at the map then
 showed him the Garland company
 contemplated it's principal dam the n.ile upstream from the site asked for by the Ouachita company. A
 cam there would cover the dam of
 the Garland company with the over-
 flow, and then both promoters were 'up in arms against the other. Attor-
 rey General Norwood advocated the l granting of both charters, saying the law would not permit monopoly to the concern. The, Garland company
 was not willing to accept a charter company, explaining 1t was entitled
 to prior right, having made appli-
 cation last summer for charter and
 already spent over $10,000 on the
 ni oject. Mir. Phillips replied by stat
 iEg he had been working on the pro-
 iect for 10 years and had owned the ' site for his proposed dam for num-
 Der of years, He also said the Gar
 land company had made the appli- Q tion while he was very sick last sum-
 mer. Attorney General Norwood in-
 sisted this was a question for courts
 tC determine and both charters
 should be granted.
 The Garland company was first e granted the charter and then the = matter of granting charter to the l. Ouachita company was taken up. il Auditor lobe and Land Commissioner a Coffman both doubted the right of . the board to grant two charters cov- . ering practically the same ground l. Attorney General Norwood then made l. a motion that the Ouachita company q be granted the charter, but this re- V crved no second, so the beard ad- IF iourned without granting the char 7. ter Mir. Phillips called the atten-
 ton of the Board to the fact that the V Garland company wanted 3-4 cents d per kilowatt hour while the Ouachlta ,- company proposed rate of mills 10 for the same time. The board ad- !. iourned then to take up the Ouachltf n n alter later.
 of
 IT, Lakes Expenses.