The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1912-09-27
LIGHT AND WATER
COMPANY FILES ANSWER

To Offer Of the City for Purchase Of
Plant at q Given Price, But Wants
More Explicit Proposition on Pay
ment for improvements Made
Since the Appraisal on Which Pur-
chase Offer Was Made.
The Virginia Electric Power &
Water Company on Saturday last
filed with the city clerk it's answer
to the offer Of the city for the pur-
chase Of the plant, made on July End
last, this answer as read to the
council Tuesday evening being of a
nature which leaves the body In as
much doubt as ever regarding the
probable intention Of the company in
the premises, naught OF a definite
nature being therein contained to
lead one to surmise whether the
company considered an acceptance or
rejection of the proposition as a
whole.
The letter. as follows, speaks fully
for Itself and demands but slight
comment at this time:
Virginia. Mimi, Sept. 20, 1912.
To the Mayor and Honorable Coun-
Gil, Virginia, MINI.
Gentlemen: At meeting Of the
stockholders Of this company held
this day in Duluth, Minn., at which
meeting all the stock Of the compa-
ny was represented, the writer, as
president Of this company, was au-
thorized and instructed to make re-
ply to your resolution No. 548, dated
July 2, 1912, and in which your
honorable body did make offer to
this company the sum of four hun
dred forty-three thousand seven
hundred thirty-six dollars and eigh-
ty-nine cents ($443,736.89) for our
electric water and heating plants and
property connected Herewith.
The writer, acting for the stock
holders OF this company, would call
the attention of your honorable body
to the fact that the figures contain
ed In the above mentioned resolution
No. 548 were obtained from the re-
port on the physical valuation fur
nished you by your experts, Messrs.
Burns & Mcdonnell of Kansas City.
Mo-, who made an appraisal Of our
plant for your honorable body in the
month of February, 1912. Since
the time Of this appraisal our COM
pany has, acting on the recommends
ton Of Messrs. Burns & Mcdonnell
and at your solicitation and under
your instructions, invested many
thousands of dollars in improve
ments, such as engagements and
extensions of our Waterman sys-
TEN, installation of street lamps,
hydrants, meters, electric cables,
etc., purchasing and erecting addi.
tional machinery at our plant and
| the digging of a new 12-inch we'll
for additional water supply. We
would recall to the minds Of your
| honorable body the assurances
given US by yourselves that il our
company would continue to make
improvements and add extensions
from time to time as recommended
by your experts and asked by your
selves, your honorable body would
! protect us in our Investment and
good faith In these matters and see
that our stockholders would not lose
their money 80 invested.
Acting on a recital of these as
surances made to the stockholders
by the writer, the stockholders ex-
pressed themselves as DESTROYS Of
having the value of these extensions
and improvements agreed upon be-
tween your honorable body and our
company, and to this end instructed
the writer to make request Of you
that you add such amount to your
offer and give US few days or any
reasonable time in which to con-
slider the total amount so offered.
Your honorable body will realize. no
doubt, that our extensions and i'm
provemepts have amounted to a
very large sum since the time Of he
Burns & Mcdonnell report, and
that the exact amount of these ex-
tensions and improvements should in
all fairness be added to the price
offered US so that our stockholders
may consider the proposition In its
entirety.
Permit the writer to assure you
that it will give US pleasure to assist
your honorable body in determining
the amount above asked for and that
the writer will, at your convenience,
be glad to furnish you statements Of
these extensions and improvements;
or we shall gladly permit you to
have engineers or auditors check the