The Birmingham age-herald., 1921-07-26
Ford Asks Condemnation of Auxiliary Steam Plant of Alabama Power Co. on River
Continued from Page one


 and buildings owned by the United States, connected with and adjacent either end of the Wilson dam, for a period of 100 years from the date of the completion of the dam and its powerhouse facilities; and the com pany will pay to the United States 6 per cent on the remaining cost of the locks, the dam and powerhouse facilities. taken at s40.oO0.Ooo in pay ments of s1,2o0, 900 annually"
 Alternate Proposals
 Mir. Ford's letter described alter nate proposals for the payment of the annual rental and arranged for proportionate amounts in case a com plete generation of the 600,000 horse power was not attained Immediately. He also suggested that beginning in the seventh year of the lease period that the company begin making en- nual payments of s39,537 to the gov ernment with the object of returning it the total investment in the power project taken at s40,000, 000 Further, MT. Ford offers $35000 annually for project, and estimated that the amor tization payments of $39,537 would return the government it's total in- vestment in 94 years.
 of the United States shall accept the above proposal Mir. Fords let ter continued, then the company will ask that the United States proceed to construct and fully complete Dam No as designed and proposed, when the power installations at Dam No. 3 are completed, the company offers to lease it for a period of 100 years from the date of completion and the com pany will pay to the United states her cent on the cost, taken at ss.0oo,- 900, in payments or S4So'ooo ahnu- ally"
 Second Proposal
 For this second proposal covering inc additional dam, MT. Ford made similar financial suggestions inVolV- ine further annual payments for re- nairs maintenance and for the reim- bursemet of the government on Its investment within period of 9t years. .ao,,. the above proposals in their entirety, then the company offers to purchase from the United States all or the property at nitrate plant NO. /, nitrate plant No. 1, the Wace onarrv and the steam plant, at Cor gas, Ala"
  offered to pay s5,000,00 additional for these and continued.
 At any time prior to the explra- tion of said lease period-of 100 years. the company shall have the right to negotiate with the government Tor the renewal of the leases of the two dams, powerhouses, etc. If the Unit ed States agrees to sell and the com pany purchases the several proper ties the company will operate nitrate plant No. to approximate pres ent capacity in the production of ni- trogen and ether fertilizer compounds with the following special objectives:
 Determine by Research
 "Ca)-To determine ~by research whether there may be produced fer tilizer compounds of higher grade ar cheaper prices than the fertilizer farmers have in the past been able to procure and to determine whether in broad way, the applica- ton of electricity and industrial chemistry may do for the agricultural industry of the country what they have economically accomplished for other industries.
 "(b)-To maintain nitrate plant No. ? in state of readiness to be promptly operated in the manu- facture of materials necessary in time of war for production of explo sives.
 If the above offers of the com pany are accepted by the United States, and if the agreement between the Secretary of War and the company can be made for the purchase of the above described properties, it will naturally and reasonably follow that the buyers of fertilizer will desire to be assured that fertilizers produced at nitrate plant No. shall be sold at fair prices and without ex- cessive profit.
 Reasonable Expectation
 ITO meet this reasonable expecta-