Weekly journal-miner., 1911-08-09

-compelled to remove its rails ana eou1pment from the streets within a. reasonable time. With this step taken on the part of the city council, it would be up to the holders of the stock of the company, the bond holders and judg- ment holders, to come forward and treat with the city council and the citizens of Prescott to see what terms, if any, could be made by (which the present company now hold ing the franchise would be justified i in relestablishing street ear service.
 It Is my understanding that there is no desire on the part of anyone ' in Prescott to take from the holders or owners of the stock, or the hold trrs Of the bonds of the Street Rail
 way Company, any of the rights or advantages that they are entitled to
 receive. On the contrary, the dis;
 position is to help them in every
 way consistent.
 While I may be mistaken, l be- lieve that the city council, all things considered. could well afford to waive the charges that I understand have been imposed against the company
 struggling for existence; it could also
 afford. if it can be legally done, to
 exempt the company from taxation,
 and the Power Company could well
 afford to enter into a long time con
 tract to furnish power at the price proposed. if by so doing the track
 can be put in condition, service es-
 tablished. streets properly cared for
 to the extent. that the Street Rail
 way Company is. responsible for
 same.
 I believe the city. council and elti-
 zens of Prescott would be willing to do as much to help the present hold
 CTS of the stocks and bonds of the
 company as they have any right to
 expect. regardless of what might
 have been the disposition in the past. If, however. the stock and bond holders will not meet with the city council and the citizens of Prescott and arrive at some mutually satis- factory understanding. then be lieve it is the duty of the city eoun- eil to take decisive steps at once and terminate the existing unsatis- factory conditions. l also believe ii the city council takes the necessary steps, that the stock and bond hold } CTS of the company will come for r wand with some kind of propOsi 3 tien that will prove to be much bet 3 ter than anything that Is possible tc t realize from any make-shift' plan 2 that would simply mean a temporary :, revival of street ear service and tho e re-es1abIishment of rights of tho holders of the franchise for time '- only. for which the citizens of Pres ) colt would have paid out a consider C able sum without anything to show O for ii beyond the satisfaction oi e seeing the ears moving temporarii, Q and the little indirect benefit tha 8 might result. Oh the other hand
 should the stock and bond holden V of the company refuse to meet, tn e city council and the citizens of Pres I [ I rhaN iC .la fE e. dutv-t to do, then. as previously sHg VI gested. it i.~my judgment that it e the duty of the city council to de n clare the franchise forfeited.
 As resumption of street ear ser 'f vice is very desirable and essential 1t considering Preseott's future. I be 10 lieve the city council could well af Id ford to grant to seae one neH le franchise embodying all of the favor y able conditions that attach to tn L. existing franchise, including, as wei le the additional concessions that tn a city council could well afford, an Id doubtless would be willing to mak' u to the present holders Of The trai st ehise if they will promptly do wha 1e they should do; then, with a favol Id able contract with the Power Con mt pany covering period of years, ee syndicate could doubtless be forme h. in the city of Prescott that eOul
 afford to pay as much, or more, fC ny the property. that the present con on pany would have to dispose of, tha ut they could possibly realize in an nd other way. and at the same tim d. provide the necessary funds to pI .et the track in good condition and Q he tablish and maintain satisfactol in service. assuming, of course, tn; nd such a syndicate would receive req SC, onable, support from the city eoune