New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1920-03-17
Taken Up BY Committee.

1t being quite certain that the ma
jOrity of the voters will declare in favor
of the bond issue for either of the two
projects the main question now is how to
float the bonds. In order to find a
quick solution of this problem the coun-
Gil arranged for an informal meeting with
the cashiers of the four banks of the city
and the members of the Board of Public
Works. The result OF this meeting, as
will be remembered, was the naming of
all executive committee which is to
c;rc Clate subscription blanks to ascer-
tain the amount of bonds which might
disposed by popular subscription
among the citizens of New Ulm. Mem
bers Of this committee are the members
of the councils finance committee,
Messrs. Fred. Behnke, DR.. Emil Muel-
Ter and Karl Aufderheide and the fol-
lowing: Mayor Wd. Eibner, City Attor-
ney W. H. Dempsey, Ferd. Crone, j.
A. Ochs and Geo. Marti. AS reported
in a previous issue of the Review good
start was made with their subscription
lists at the meeting of the council A ten
tative subscription Of $4,000 was prom
ised by several Of the gentlemen present
This certainly may be taken as good
omen. 1t may also be stated here that
these bonds like municipal bonds of any
kind will be free from tax OF every
kind. This alone should be an induce
ment for citizens BIO buy some of the COM
ing issue, but besides the bonds will be
disposed Of at five per cent interest
which is one per cent higher than that
paid by the local banks on time deposits.
Lastly the citizens OF New Ul1n will be
given an opportunity Of performing a
patriotic deed of lasting value.
Taken Over Is Years Ago.
The present municipal plant was taken
over by the city about Is. years ago
when a $4,000 bond issue was voted by
the council to secure the equipment from
the private company which at that time
was running the plant. The first cleo
trio light ordinance was passed and the
new venture was started in the present
building which was built in 1893 and
at that time was used as the citys
water works. The officers of the COM
pany which had been running the cleo
trio power plant before the city took
it over were 0. NJ. Olsen, pres; VIM.
Silversen, vice pres; Louis G. Vogel
sec, and W. E. Koch. treas.
Steady Growth.
While in the possession of the city the
plant grew steadily, the demand for cur
rent getting bigger from year to year
until about a year or two ago it became
apparent that the present plant could not
carry the load very long without rev
addition. Superintendent Mueller called
attention to the situation during the
winter 1917-191S and again during the
following winter He told the council
men that it was absolutely necessary tc
install an additional unit in the ole
plant, or build an entirely new plant
The latter proposition was only consid
cred after it had been shown that the
old structure could not hold for more
than four or five years. 1t was further
emphasized by the fact that the demand
for "juice' was steadily increasing al
such rate that the cost of new build.
ing with its added capacity and mo-
dern equipment could be easily covered
by the earning in a considerably short
time. This cost will not be more thar
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