The Glenwood post., 1911-09-02
POST interviews
O'LOUGHL|N
Says Relations Between Com.
panies and Town Are Mu.
t,laI and Should Not
Be Strained
SOME GOOD PLAIN TALK

Gerald S. O'Loughlin, the New York
attorney who last week bid in the pro-
perty of The Glenwood Hot Springs
company, as representative of the bond
holders in the old company, spent
number of days here after the sale,
completing arrangements for the trans
fer of the property. In addition to re-
presenting the Hot Springs bondholders
on this occasion, Mr.. O'Loughlin is
director in the Glenwood Light and
Water company.
In an interview given the Glenwood
Post, Mr.. o OLoughlin said:
During my short stay in Glenwood
Springs, have been forcibly impressed
with the intimate relation existing be
tween the welfare and prosperity Of
the town and the continued operation
and success of Hotel Colorado and the
baths, as well as the light and water
company. 1t cannot but be apparent
to one who thinks a moment, that the
closing down, even for season, of the
hotel and baths alone would produce
serious effect upon the business cf the
town and the property values in the
neighborhood.
"In view of this fact, l am very
sorry to observe spirit of hostility
on the part of very considerable ele-
ment in town, and especially the daily
paper, towards the persons who are,
for obvious reasons, doing their best to
make both the hotel and baths sue
cess. They are incidentally the same
persons to large extent who are in
terested in the light and water COM
pany.
"For instance we are now being COM
PEELED to bid for electric street light
ing contract against company exist
ing on paper only. There is nothing to
compel the construction of the plan.
against which we are being asked to
bid. The Mutual company may bid
any price it wants; put it away below
the cost of production if they like;
and they lose nothing but franchise
and contract which cost them nothing
if they fail to build their plant. Every
bidding transaction of this sort that 1
have ever heard of before, required the
deposit of a good sized check as evil
dence of good faith on the part of the
bidder. Our representatives are not
even accorded common courtesy, but
are denounced as liars and worse, and
|all sorts of false constructions placed
on our bid.
"It seems too bad that this spirit
exists, and it would indeed be unfortu
nate for Glenwood Springs, if those
interested in the hotel and baths and
the Light and Water company, should
be driven to measures of retaliation. |
sincerely trust of course that nothing
of this kind will ever occur.''
"This would indicate then that thers
will be no change in the relationship
between the Hot Springs company and
the Light and Water company
"The relations between the two COM
ipanies are strengthened, because the
Hot Springs property was acquired at
the sale by very large majority of
the holders of the bonds of that COM
pany, persons who are in large mea-
sure in the light and water company.
The continuance of Mr.. Lyle as gen
eral manager is assured He is now
in charge and operating the property as
custodian, and Mr.. Lucas will con-
tinue to manage the Hotel Colorado.
1t is our intention to reorganize by the
formation of new company with the
idea Of continuing to operate the pro-
perty in the most efficient manner pos
sible."