The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1920-06-24
DEDICATE BRIDGE
FOURTH OF JULY .
OF NEXT YEAR
This is the Hope of Charles HUI
ber who Holds Franchise for
4E Inter-County Span
WALLAWALLATAKES$3OO,OOO
Citizens of Kennewick are Asked TO
Undertake the Sale of $4,000 u >
Worth of Stock

To dedicate the Benton-Franklin In
tercounty bridge July a, 1921, when
the people of Kennewick and Pasco
will assemble in Kennewick to cele-
brate is the hope Of Chas. Huber,w
holds the franchise for the bridge. Mr..
Huber and his associates have dis
posed Of all necessary preliminaries
and have launched an intensive cam
paign to finance the undertaking.
Details Of the compaign were out
lined to members Of the Commercial
club at Wednesdays luncheon by Mr..
Huber, Ben Hill, good roads enthus-
last Of Walla Walla and r. r. Parks,
secretary of the Tri-State Auto club.
Mr.. Hill said the Walla Walla Com
mercial club had carefully investigat-
ed the project from every angle and
had put itself on record as enthus-
iastically and earnestly back of it.
The citizens Of Walla Walla, thru the
Commercial club, have pledged them
selves to handle 100000 worth of the
bridge stock. "We are for the bridge
because we know that it is Of vital
Importance to the growth and devel-
opment of the state" said Mr.. Hill.
"The benefits to us as community
will be indirect but to Kennewick and
Pasco they will be direct and vital.
If we are willing to put our money
into the project for the indirect ben
efits, surely these fsver towns should
be willing to put their money along
with ours"
Mr.. Hill emphasized the fact that
this was not another case of making
donations to some worthy project but
is call for the Investment of money
where returns are reasonably sure. A
committee of careful and competent
business men he said have thoroly in
vestigated the entire proposition to-
gether with data that has been COM
piled showing the earnings of other
toll bridges in the state. This COM
mittee have recommended the project
as a safe and sound investment.
Mr.. Hill was member Of the state
legislature when the proposed bond is
sue for the Vancouver bridge was
turned down. The people Of Clarke
county at that time were told to go
home and vote their own bonds for
the Washington part Of the bridge, it
being understood that an effort would
later be made to have the state take
it over. Instead of coming back to
the next legislature with request
that they be relieved of the financial
burden, the people of Clarke county
askd permission to expend their part
of the bridge earnings on the roads
and today that county is spending an
nually $140;000 br1cge tolls on the
roads after making both interest and
sinking fund payments.
Following Mr.. Hill, Mr.. Huber out
lined the plan Of financing as follows:
The estimated cost of the bridge is
$500,000. To raise this sum the Ben
ton Franklin Intercounty Bridge COM
pany has been Incorporated with a
capitalization of s500,000, all common
stock at par value of $100. The
most conservative estimates based up4
on the volume of traffic over the Co
lumbia and Snake river ferries, the
number Of tourists automobiles that
traverse the state each year, and the
travel over the lewiston Charleston
and the Vancouver bridges, place the
net earnings on the capital stock at
a minimum of 8 per cent the first
year.
OF the S500,000, Walla Walla has
taken care of 100000 and Mr.. HUI
Der is asking the citizens of Kenne-
wick and Pasco to purchase or place
100000 worth of stock, while he and
his associates will take the remaining
100000. "It's up to you," declared
Mr.. Huber. "We can be ready to be-
gin actual construction of the bridge
within week after Kennewick and
Pasco report the sale of 100000 worth
of stock"
The stock is to be sold on the pay
ment plan Of 10 per cent to accompany
the subscription, 45 per cent Novem-
CONTINUED on page six)