The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1911-03-04

II seems that the expert has been con.
sentative, aud that the city Is justified.
in paying, say $0a,0 for property aud
franchise.
II the city grows as we hope to see,
and even as II has for the past eight
years, until We have reached the six.
teenth mile post, the franchise alone
will be worth more than all the proper
~ the company owns today.
At the meeting " the council last
Thursday evening, the water works
company made the city an offer aud the
city in turn made the company an offer
aud finally q compromise on eds 900 was
agreed on as n purchase price for the
property Ut the company and Its fran
chisc. and an ordinance calling M clec
ton was ordered drafted, which elec.
ton IL to be had on Saturday, April
-. The election IL called for an issue
~ S5j.OOO Of bonds. the amount over
the purchase price IN be used IN OK
tending aud improving the plant. The
additional sl0,0OO j. needed Immediate
~ for improvements Of the plant To
meet the growing needs 1T the city.
Among the improvements, the expert
Tor the rouncil names q 100. Il. steel tow
~ aud tank for gravity pressure To-
cover the city. which i. badly needed
aud must bee had for adequate fire pro.
lection. At least ffty more lire plugs
should he installed II w. are going to
' say that We have IRE protection and
have q right for consideration in q re-.
ductiou Ut insurance. These improve.
meuts are ~ necessary ~ they are est.
mated; for instance. the first question
u credit man ASKS q merchant in the
market j. have You adequate htr pro-
lection. which must be acknowledged
that we haven Z. II an engine should
hrrak We are out 1T commission aud
there j. little more than half the plugs
u that are needed. Every hu.inrs. i
compelled Z" pay NJ the present time
three quarter value On his merchan.
disc ~ q protection ~ his creditors.
Water is pretty nearly King in this
ritv aud the News wants 90 see il made
NJ ch a nate that We can beautify
our homes. put uowu the dust. etc, aud
that rate made permanent. aud instead
~ q corporation squeezing for divl,
bends let the users who In the cnd must
pay for the plant, franchise aud all
anyway receive the benefit. NJ a much
lower rate than We are now paving. ar.
c]orliBg to the reported earning IT the
company. which totals over $4,000 annu.
ally the city could still lay aside some
thing for q sinking fund for future use.
Again there will be no DaSrs "a pay after
the city owns the plant aud that can hc
used wherever necessary. The earning
Icapacity should be almost doubled, aud
the sum now expended for wSScr for the
FIRE department and the sewer will be
eliminated which in n term of year,
would pay for the water system. When
thcs" things are all considered the adj.
vauced taxation argument will not hold.
Both the city government which we are
taxed In supp,-t .nd the people who
use the water are going 10 be- made u
pay for the plan, and It's investment il
y remains IN the hands Of the present
company, 80 Stree We must be- out the
money " mdv ~ well own it along with
sewer, water w must have and II w
! can scttl" th" rate and make 1t per.
mnnent let, DO it, before somebody buys
and like standard oil whenever improve.
mcntS are needed Or We are in a close
place increase the rates 90 meet the de-.
mands, he they real or imaginary.