South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-02-20
THOSE PUBLIC WELFARE" FOLK.

Wolves that parade in sleeps clothing never
to been common about the Indianapolis
state house than they have this year by one,
certain OF the administration measures taken up
and analysed. comes under pretense Of
making 1t possible for municipalities by impoundins
capital of publc-sprited citizens take the
breweries midst. and convert them into cold
storage, milk, coal sauer kraut, other kind
of plant, eventually assuming public ownership 1t is
the public welfare" bill, named to invite popular
approval, and being touted by the people who
have been putting things the people of Indian
apols past years The bill has appear
ed senate. 1t is innocent looking thing and
is made to appear a wonderful the people who
are looking to public ownership
has approval all eminently respectable blue
sky promoters They are the promoters who aim to
make 1t in millions by appealing people things
that appear sleeps clothing but which inwardy are
ravenng wolves
The newspapers which enthusiastic for all the
things that have indianapolis people
during the past four years enthusiastic for this bill
opens state, by process of law, to
promotion that is most attractive
bill touted as favoring corporations like the
Citizens Gas Co. May all the power protect Indiana
from such. Newspapers Unfortunately
boosting all the Goodrich schemes boosting this bill
particular proclaning Goodrich back of
it, The Citizens Gas Co. has made millions for certain
big promoters at the Of the people of Indian
apols the next 100 years.
AT is worked out in the indianapolis gas deal this
public welfare" company ownership a GER
tain time the city. certain time promoters
got of the Citizens Gas stock. The same pro-
meters bought up the indianapolis property Then
they proposed leasing indianapolis plant the
Citizens for SO years They bought the Indian
apolis plant stock a very low figure. proposing
put in this par and percent guaran>
teed dividend capitalize all the losses the company had
sustained all outstanding
which the time below par, on this basis
take lease for 80 the Citizens Co. pub
lie welfare"
Through the public service commission of Indiana
this all put through The deal had the indorse-
ment also of the city administration and when it was
finished high official appeared a large holder of
stock
In short while the citizens public welfare" fran
chise will revert city ownership. This about
automatically. Then the city its hands
lease extending years a gas plant. The city will
have to pay percent annually on an outrageous
capitalization. will bonds and keep
up depreciation
With the present progress and substitution other
things for you imagine. dear reader what In
dianapos will be doing gas plant before the
end Of SO years? Would you for instance in your
right mind, want to lease plant 1916 serve
you until 2O15? That is exactly the thing to be sad
died upon the people of Indianapolis
The scheme worked well that promoters see a
/ splendid chance to promote all cities and towns OF
Indiana on the public welfare" plan millions OF
profits.
The plan will cover all sorts of public utilities and
there is the who has a larger variety
of utilities that would leased for 90
years than has Gov. Goodrich And that portion of the
press that likes TO get in such things assures us il
is splendid thing and has the Goodrich support
The assembly let bank promotion scheme get by
without discovering what contained but will hard
ly repeat the mistake in this case.