The copper era and Morenci leader., 1913-12-05


 provements include the installation of increased pumping facilities at the pump station above Clifton, the erec- t1on of reservoir above the cliffs of Hills Addition, the laying of a large pipe line from the Library building across the Frisco to and through Hills Addition, and the placing of a pipe line of increased capacity through the Chase Creek section. I The changes made by the Commis- sion concerning rates charged at present, follow:
 Old Rate New Rate Fire Hydrants. ...... .. .$1.25 $2. 50 Lawns .-..... 1.50 ITO Dwellings, 1 person.. .. 1.5O 1.2O Dwellings, more. than 1
 person. ... 2.5O 1.90 Private toilets. .... .75 65 Private baths .. .. .... .75 .65 Laundr1es. ...... 3 .50 500 small stores .... 1. 50 .S5 Large stores. .... .... .. . IFS OIHceS .... l 50 LOO OaIOOnS .... 2 50 200 Hospitals. OO 6 co Soda fountains. .... .. .. BOO 500 Barber shops, 2 chairs. 25O 2.1O Each additional chair . ..1.25 100 Restaurants. ... . BOO 25O Rooming houses (before
 not considered) ... ..4.2O Social clubs (before not
 considered. .... .. 425 Photograph gallery 2.50 800 Public bath. -. =. 250 21O Feed corrals (before not
 considered) .-.. .. E.. 5 OO AnlnalS. ...i. .50 .50 Public toilets .... ....sa. 2.5O 2.1O Public urinals (before not
 considered) ... ..1.25
 Meter Rates
 Gro be in effect January 1st, 1914) First 1000 gallons or less .. ..$1 .OO 1,001 to 5000 gallons. TO 3,001 to 15,000 gallons .. .,. 50 15,001 to 30,00O gallons =. 40 30,001 to 75,000 gallons. =. .. .. 30 15,OO1 to 100000 gallons. .. .. .25 Over 100000 gallons. .... . .13h
 At ppresent there are only five sys- tens of meters included in the com pany's service. These changes are not material, and the charges for that manner of service will remain prac- tically as before.
 Brief History of the Company.
 After passing through several changes, the. water system in Clifton was in 1902 purchased by the present owners. At that time capital stock of 100000 shares of par value of $1. % each was issued, and of this number of shares, Messrs Mclean and Davis, from whom the system was bought by the present owners, took for their rights in the system, including the old plant, right of ways, water rights, etc., 100000 shares of the stock issued by the new con- pany. Of the remaining 100000 shares, 800 shares were issued for the purpose of meeting promotion eXpen- ses, and the remaining shares prac- tically 100000 were sold at about 56 cents per share and the proceeds used for the purpose of greatly in- the facilities of service of the system. Following this, through the years from 1902 to 1912, inclusive, about $196,000 was expended in i'm and installation
 Throughout this time, not a divi- dend was paid, the compilations of accountants of the State Corporation Commission being to the effect that the total accrued deficit of the con- Dany, during the above mentioned time, reckoning that the investment should have paid ten per cent, was S196,51S.55 and including the deprecia- ion allowed by the Commission, ($55,- )00O, the total deficit during this period was S251, ,5SS. %, loss to the Since the expiration of hat time, dividends amounting to lbout $25,000 have been earned. The corporation estimates that the pres mt worth of the system is about $104,- 100. %. The rates recently decided lpon by the Commission, and which will be in effect on January l, 1914, Ire based upon this valuation, reckon ng, that an earning of ten per cent hould be granted.
 The total depreciation during the welve years is estimated, reckoning tt four per cent, to be $55, ,76S. S8. improvements to be Rapidly Installed.
 All preparations are made for the 'arly installation of, the Improvements by the officials of the com ,any to the Commission for it's con- alteration. The reservoir will be To- ,ated at some point in Hill's Addition, ,ither above the Arizona Copper com ,any's hospital, or above the ware louses of the Standard Oil company Cor this work, all material with the exception of the foundation, is now on and. The workmen will arrive within a few days.
 The pipe line from the Library ,uilding to and through Hills Addi- ion will be soon placed. The en-