Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-01-13
" OUL D EXAM me
BOOKS OF WATER
SUPPLY CO.
Special Committee Recon-
me0dS Such Action and
Mayor Sellers Appoints Men
to Make Request,

Acting upon tho recommendation Of
the water committee Mayor u Is, R.N
Sellers last night appointed a rom
miitcc Ia ask 4. g. McMillcn presi-
dent of the Wafer supply company
whether ne would permit an expert
accountant to examine The company's
books. The committeeman arc Ncill
b. Field, r. r. McCanna and W. NJ
Stong
The council received the commit
tees recommendation 40 special
meeting called nj 1890 o'clock, I'M
mediately after The adjournment 81
the committee Tho committees de-
eiaicn was not formally reported all
eaunclmen having been present az
the committee meeting city Clerk
II. G.. Rochl read a resolution. author
izing The mayor to name the commit
tee to ascertain the maintenance and
operating cost all receipts and prof
lis" OF the corporation for the last ten
years, and lhia The council unani-
mously adopted upon the motion of
Councilman Ivan Grunsfcld
Tho special meeting was lie ooun-
ellis second for ne night The al
fcrmcn and committee met Jointly
heard Robert F.. Mcdonnell Of BURNS
s. Mcdonnell. hydraulic engineers, OF
Kansas CITY. and then the council adj
iCufncd The committee elected W
". strong, chairman, and after a dis
eussion decided upon the recommen-
dalton made by Mr. Field. Tho COM
mittee adimrned then and the spe-
tinl session Of the council followed.
AIR Mcdonnell at the opening of
the ioint session said that of the forty
larger cities of The United states, all
but three owned their own water
works The longer this question is
deferred by a city the more difficult
Ties attend the acquisition 81 munich
pal waterworiss. he said lie related
The fact that Denver, after striving fif-
teen Years. had not gained control of
it's water plant. that Kansas Clty
spent eleven years in settling the own
ciship 81 Ms plant and that san Firth
cisco had been fighting for nineteen
years for the same object.
Mr. Mcdonnell whose firm hopes
to get the contract fer the appr'isc-
ment of the plant here on To draw
plans fof "a new plant, explained 60
the council and committee his firms
plan of apprtisemeni lesldcs pbt-
steal value ct the works, intangible
values sometimes are vnnsi tered, sucG
as he going value. good win an3
franchise value. lie would not Inc
crude the franchise in his estimate
unless Che company had pald Tor H..
flc did not regard water company s
good VIII" as a valuable asset whea
the corporation was not competitive.
The Inclusion of gong value in
NE valuc of plant however. hc
said. was supported hy court decisions
and 10 eliminate this merely would
lead the cts into ftnitlcss litigaii0n'
The going" value, Air Mcdonnell
said was mse1 on the revenue oaru-
ing capacity and amounted to The cost
II starting q new plant and build-
ing up ns business.
Frank Wilson wanted 10 know
whether O company would have any
'gcing' value when it's franchise ey
pircd. Whom told bs Mr. Mcdonnell
That the yomnan, eould continue d
operate after the expiration Of thu
+ franchise. he asked why company
/ should acquire franchise The fran
p ghise provided Tor ihr hydrant rontl'
I paid The company by TIE city, thl
s cngineer snid,
s "lf the company has no franchise
s ani continues 90 Use The streets
fNlrl. go eesla mnhe q eat asi (" seio
{ Sir Wilson
: Mr. Field asked AR Mfnonnol
Whether be know a any g Elrt dec