The Marshall republican., 1913-10-10

WIZ lioH'llg was DOuhHN " FOptVVVs |
lie said that when his company
bought the property he was satisfied
that 100000 was put In the two
plants-the electric light and gas
plants.
lie called attention to the fact that
the letters sent out by Mayor Nit
chell went to the officers OF the city.
who Had charge of the municipal
plants, but those that had privately
owned plants were not vent to the
parties operating the plant but to
city officials. lie said that the pro
position OF his company included the
furnishing Of lamps. which was an
item OF expense In municipality owned
plants.
He called attention To the judg-
ments and damage suits pending at
Independence IN the sum OF $4,000,
and at slater and Hlgginsvillc. lie
said that Mayor Mitchell assumed
that the company was making ~
cents but this was not the case and
made an extended explanation Of the
operation OF a plant IN regard TO the
another $4,000 making the plant
cost the city $4,000. Mayor Mitchell
then took up the question Of Increase
IN taxes, he said that provision would
have to be made TO pay the Interest
and create u sinking fund. lie believed
that the council could make provision
TO pay interest on bonds aud put
+. $4,000 IN sinking fund from profits
OF plant. lie said the . cents In cost
included total cost taklng care OF de-
probation MS well ns all other items
-, OF expense. Ifc also spoke of Higgins
willie and Slater az having municipal
, owncd plants that are proving salts
. factory.
!, The Mayor then described tho sue
cessfUlly operated water works plant
t, owned by the city and gave figures
showing the benefits the city has de.
=, rived from II. IN closing the mayor
|, raid 1--WE may not DO as well with the
4 light plant but We can do as we'll ~
other towns that own their plants"
A MIR. Gilchrist again took the floor
n and said having purchased these pro
f, %perties from the other company with
= In n year he 1uld not answer posi.
lively that the money went into the
A plant but think II did. lie said thai
a when nNcompany borrowed money oi
u plant tho bonding company saw Il
, II that the money went Into the plan
A ms Il was drawn, aud gave ns an Illus
limited use OF ONE users aud tn
i, heavy load at certain hours. lilo nlS'
. called attention To the proposition o
the company to Furnish power TO
pumping nj water woras for 2 cents
lie said that the company woul'
have 90 build mp n bigger business II
n order TO, make any money. Ito sal,
=, that he did not expect TO get con
NJ elaboration from the people of Mar
m lBhall unless no could show that hi
company could make good and invite
:. 1.-THE city To send "A committee Ia CHI
ergo In Inspect their home office an
AZ investigate the standing OF the con
n, pany. In answer TO questions aske
by Mr.. Fleming. Mr.. Gilchrist said h
M was president OF the Missouri Gas an
N, Electric Service Company. That h
f. company took v the Marsha
plants on February 24th, 1919, N
,o sumed $4,000 on Marshall plan
ed and 100000 for floating the debt o
as Marshall and Lexington plants.
Iv Mayor Mitchell again took the 'lot
ra In reply 10 Mr.. Gilchrist In relation
he the damage suits at lndependanc
no Higglnsvllle and Slater. lie said u
Judgments at Independence amounts
nj TO SAC. 900 but that n the city cou.
go save 100000 IN 20 years on sire
lighting II could we'll afford 10 ~
m. this amount, '
r. DR.. W. II. Welsh. alderman fro
va the fourth ward was the last speak
m OF the evening. lie expressed himse
cd ns decidedly III fhVor OF muhirlp
al ownership. lie said the electric liz
cd plant was estimated to be wor
ed $2a.OO0, when the company gets
a. twenty year franchise the plaat
ia be worth 100000, lie. said whsr I
lie city ownes Its own lIght plapt II "
W. save enough on street lightlng To-
O. the interest on the indebtedhe a.. I
ey said as years 90 by electricity Will s
cheaper and when the plant is own
as by the city rates can be lower quick
70 and the people will be required
nj. pay only what the service Is worth,
Il closing DR.. WEIGH asked the questi
set "Can't this town pay a debt as W
1T as a $23,0OO plant with a 5000
the debt on IT,"
Get Dr, Gore as. he arose TO adjourn
the meeting remarked that Mr.. G
Irhr iufa Statamonf In raVard IN IN ,