The broad ax. [volume] (Salt Lake City, Utah) 1895-19??, 1919-02-22
PLATFORM
THOMAS CAREY, DEMOCRATIC
CANDIDATE FOR MAYOR.

PLANT, and taking over Of same By
the City, to be operated as a Munic,
ipal Plant, las in the case of the
Water Works System). Gas to be
furnished the consumers at greatly
reduced cost.
This can be done under the Act
passed by the Illinois Legislature in
force July LIST, 1918, Entitled "AN
ACT to authorize Cities to acquire,
construct, own, and to lease and op-
crate Public TITLES, and to provide
and the means therefore" (Session
Laws of 4sth. General Assembly page
AS: Hurd's Revised Statutes 1915,
p. 2049.) This Act names Gas IT'LL
tiles, Telephone and other plants, and
gives the Cities of Illinois power to
condemn and Construct same, Sin
the same manner provided by law
for the taking and Condemning of
Private property for Public use"
The money with which to purchase
the Gas Plant at the end of such
condemnation suit can be raised by
simple process as follows; and it
is to be remembered that the value
would be fixed by a Court and Jury.
The municipal bond total is now lin
tied to 5 per cent on one third of
the actual value of property within
the city. The Constitution allows an
indebtedness to be incurred up to five
per cent of the actual value. Make
the assessed value the real value for
the purpose of purchasing any Pub
lie Utility and there would be ap-
prOximately $10O,OOO,OOO, issuable
in bonds devoted to the purchase only
of Public TITLES.
Amend the State Revenue Law so
as to authorize Chicago, or any other
city, desireous of condemning any
Public Utility, to pay for same by
the issuance of bonds, upward of
one-third valuation and up to the |
actual valuation. These bonds can
be only issued by a vote of the peo-
pie so there could be no abuse of |
the power. These bonds should be
made payable first, however, out of
q sinking fund to be obtained by set
ting apart the profits derived from
the manufacture and sale of gas. In
case such sinking fund should not
accumulate sufficiently within twenty
(20) years to pay of the purchase
price, the two-thirds of the actual
value of property now not assessed
could be taxed to pay the bonds.
no doubt. exists that,
IMMEDIATE START on the Con-
struction Of thirty-five mile, double
track Municipality owned, operated
and controlled SUBWAY TRANS
PoRTATIoN SYSTEM, to be paid
FOR EXCLUSIVELY out Of the City's
Traction Fund now on hand of TWEEN
y Five Million Dollars and accre-
ions during the next four years term
If Mayor; to serve all divisions of ,
he City at fare of not to exceed ,
FIVE CENTS. TRANSFERS to be
exchanged between said SUBWAY
ines and the Surface lines at all in ,
ersecting points.
Acquisition by the City of the
DISTRICT WATER
'oWER; and the creation of add :
fter cutting out the dividends on Z
vatered stock, enormous salaries paid 4
o the Insult magnates, and other
Easteages, enough profits would be 4
erived to pay OF the purchase money \
Onds, without recourse to taxation,
nd gas could be furnished to the
onsumer at Sixty (eo) cents perl
housand cubic feet
IOnal WATER POWER at Brandon :,
Dads, and the utilization Of this vast :
over for the MUNICIPAL SUB s
rAY TRANSPORTATION SYSTEM. .
I'D other Municipal activities.