The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-03-29
PLANT SHOULD Be
CLASSED AS GOING
CONCERN, IS ISSUE
Councils Arbitration Proposal Is
Rejected by A. B. McMillen;
Chief Justice Hanna Not Agree.
able TO Company.

material standpoint. but as q going
concern. Neither could the company
agree hat Chief Justice Il. ". Hanna,
OF the state supreme court. should
settle that question In case OF a dead.
lock in the course OF arbitration. Mr..
McMillep did not think tina a SUI
preme justice was as capable To settle
the dispute as another expert engineer
would be.
The councils plan briefly was, tim I
the council shuuld appoint two engi.
ncers. who would act Jointly. and the
Water supply company one or two
engineers as u board OF arbitrator.
McMillen's statement.
MIR McMillcn's statement in fun.
follows.
Albuquerque, y. NJ. March 90. 1917
To the mayor and city council.
Albuquerque. y NJ.
Gentlemen:
Replying 10 your resolution relative
TO purchase of the Water supply COM
pany transmitted 10 me by your clerk
under date of March %. your are adj
Vised that YOU proposition is re-
specially declined.
In order to understand by position
fully II may be we'll To briefly state
the proposition heretofore made by me
upon behalf OF the Water supply cOnt-
pany. a. follows.
l. ] offered TO sell - the city all Of
the property u the Water Supply
company toXcopt It's private books and
papers n its and bills re-
%ceirable) at il fair. reasonable. cash
value as a going concern
intt SUI" 'Hlue ShouId De ue-
v'"''n'u oS "~ru'''at'oh' as to'l""s.
~ ~ ~ nous one "rpltru'ur ahu
~ """' ""pPlF '""lP"nS one ana
- W "s'er up"h 'he Na'ue u posi-
n''' - uhhpI' '" agree then the
VII !" Vhoosc % 'hlFo' az
~, '""'pe''"t expert II I'M
~ w 'src' upon SUM 'hlru EXPERT
tn'H sum "NPer' U" pc appointed hS
'"e "''i JUSTLY oi inc supreme court
~ ~" "'NIeu' "r YOU Nn"uld pre-
~ N"' Iuuse vi '"' 'nl''u SthV'S
u.S'r'Vt No"Tt ioT me uis'rlot "t New
"'Nl."' VI" Nhlue i'Neu ny the lntrd
"~Vui'tu'"'S 20 "e a"s"lute'E nind-
"'s up"h "oth SUES
nat such Arbitration be provided
Tor by q contract In writing, 70 be
executed on behalf Of the cisy and
water supply compant by their
proper Officers and To be absolutely
bindinE upon each party as to the re-
suits OF tho arbitration.
There has been NO suggestion that
these propositions were In any respect
unjust or unfair. ] do not see how
there could be n difference between
ialr-ihinded persons upon the prop
osltion ina the fair. reasonable cash
value r. the basis for fair dealing be-
tween 'ender and purchaser.
Court Decisions.
N"utu NOT thlhk u necessary 20
u'Scuss 'h' puvAtl"n OF a golhg-coh-
.''h 'alu" Out TOT 'he ta't thht II mas
,eeh Persls'eh''y suggested ny th'
Nv mat th' OF the water
o"pP'y coinpan! should De valued nj
w JUNK value instead 81 ltH Naiu" as
a going concern ana cannot permit
any uncertainty To exist ~ 10 my AT"
,,,uuo upon that point To value the
water supply COMPANY properly
upuh t"e uHs,s 81 "hat II ~ worm ~
scrap hatsrlal ana nor as an establish
r. n.o"e-nearlhE business ""u'u
DC 10 '-h"i' me cl.'fest ia'is' ana
"ouIu % cPu'I'''ht 10 an "iiet Il"
l".,l'f' one OF OFT husihess buildings
~ the ''N upon IN" OASIS OF the Nalue
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urnpcrty INNS, nc ,ot'.d 80.
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