The Palatka news and advertiser. [volume] (Palatka, Fla.) 1908-19??, 1914-03-13
BOARD OF TRADE
FAVOR A DiCKER
WITH LIGHTING co.
For Purchase OF The G. Loper
Bailey Plant Outline a
Plan of Action.

At meeting of the Board of Gov
ernors of the Palatka board of trade
.ast Monday night, Mr.. A. D. Curry,
1t the instance of Mr.. Bailey, brought
n proposition which outlined
plan by which the city, can ac-
quire possession Of the Palatka Gas
Light 4 Fuel Co.
The following resolutions were in
troduced by Howell A. Davis:
Whereas, G. Loper Bailey, presi-
1ent of the Palatka Gas Light & Fuel
Company, on accout of poor health,
S desirous of selling his light and fuel
property and good will to the City of
Palatka, therefore be it
Resolved by the Board of Govern
ors Of the Palatka Board of Trade
chat if Mr.. Bailey is willing to sell his
said plant and good will on the follow
ing basis:
1st.-He to appoint one disinter-
ssted electrical expert.
2nd.--The City to appoint a second
electrical expert.
3rd.-These two to appoint third
lisinterested expert, and the three eX
perts to employ an auditing company
to assist them in determining the in
Srinsic value of said plant, together
With the good will.
4th.-That Mr.. Bailey will abide by
the decision Of these experts and ar
)itors, and take pay for said plant in
thirty year per cent bonds at par,
and retire outstanding bonds and all
other Indebtedness, therefore, be it
further
Resolved, That the Board of Gov
ernors, through, the Palatka Board Of
Trade, will use its best endeavors to
induce the City Council and citizens of
Palatka to accept such proposition by
vote, as prescribed by law.
During the coming year the city
of Palatka is going to do something
in the matter of city lighting. Mr..
Bailey has plan which the News
believes the city would do well to
carefully consider. 1t embraces not
only the purchase of the lighting
plant, but the water front controll-
ed by that company and which is
in the channel with great depth
of water and with railway terminal
facilities adjoining. A part of Mr..
purchase by the city of pure soft
water supply at a short distance
from the city and which is sufficient
at present for a city ten times the
size of Palatka. These propositions
of Mr.. Bailey are worthy careful bus
mess consideration, and the News is
glad that the board of trade has TAX
en- the action looking to an investiga-
ton.
Mr.. H. M. de Montmollin introduc-
ed the following resolutions approx
ing a survey of the st. Johns river
and leading tributaries to the south
with the view of opening up water
traffic from Jacksonville through the
Kissimmee river, Lake Okeechobee
and the Caloosahatchee river sec
ton:
Whereas the st. Johns river is
the great natural highway of Florida,
the continued improvement of which
is vital to large existing, and pros
pective, population, and
Whereas the improvement OF the
Ocklawaha river, a link in the trans
Florida canal, is soon to begin, which
will make the st. Johns more impor-
tant, and
Whereas the proposed connection
of the south end or source of the st.
Johns river with the Indian river, to
the Atlantic will make it still more
important, and in all prvoiding a safe
and true inland waterway through a
vast and fertile region, with tributa-
ry country on both sides, and
Whereas Senator Fletcher has IN
troduced a resolution in Congress tc
provide a survey from the st. Johns
river to the KjssimmHe river, lead.
ing thence via Lake OkeechoDee ano
Caloosahatchee river and Fort Myers
to the Gulf, also making possible 9th
er routes via the drainage canals
from Lake Okeechobee to the Allan
tic, all of which must also largely
enhance the Importance Of the st
Johns river, therefore be it
Resolved that the traffic commltte'
of the Palatka board of trade cor
daily endorses the proposed st
Johns -Kissimmee survey and all 9th
er measures looking to the develop
ment of a comprehensive and neces
sary waterway system in Florida, o
which the st. Johns is the logica
chief link, and further be it
Resolved that these resolutions b
sent to our Senator'S and Representa-
tives in Congress and to Boards o
. Trade and newspapers directly IN
tereSted