The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-07-22
PROPOSITION TO
FURNISH NATURAL
Gas IS REJECTED
Chamber OF Commerce Committee
Turns Down Proposal OF Bart.
iesvllIe Man to Supply
Natural Gas
TERMS OF FINANCING
PROJECT TOO EXTREME
Counter Proposition Made TO BurI'
lnoame by Committee. Believe
Rates and Franchise
Satisfactory.

The Chamber OF Commerce gave
out the following statement today
regarding the gas situation in Chick
aaha. Some time ago MIR. Burlin.
game OF Bartlesville. submitted q pro-
position to the directors that he
would install natural gas service In
chickasha. providing chickasha
would finance the proposition TO the
extent Of sS0.OOO.OO and grant a
franchise with Il rate Of 80 cents
guaranteed for two years.
The matter Gas had the earnest
attention and consideration OF the
gas committee, and for time II
appeared that IL might be possible
10 work Il out. but the requirements
of financing the project are so ex'
treme. and the expense entailed by
installing new connections so con
siderable that the committee decided
that the proposition as presented by
MIR. Bnrlingame could not be financ-
ed The committee have advised
Mr.. Burllngame that II he could
modify his proposition as regards
the investment features they believe
that the matter OF franchise and
details Of rates and other matters
can be arranged. The committees
letter follows:
July 81, 1921.
Mr.. Burlingame,
Bartlesville, Okla.
Dear Sir:
The oil and gas committee of the
Chamber of Commerce had up for
further consideration today. your
proposition for q natural gas fran.
chise in Chckasha. the substance
of the proposition submitted by you
being natural gas franchise to be
submitted to the city council and to
the voters Of the city; providing
for the distribution Of natural gas
to be furnished by you; the banks
OF the city to purchase and agree
to pay for $4,000 Of the $10O,OOc
issue of first mortgage bonds on
tie distributing lines, property and
equipment within the city, payment
for the bonds to be made when the
supply of natural gas is turned in
the distributing lines.
The committee of bankers having
the investment feature under con-
sideration, advise they are unable
10 purchase and pay for the bonds
under your proposition. The COM
mittee, after considering the matter
further, is of the opinion that II
YOU would eliminate from your pro-
position the investment feature, and
agree to construct plant in the city
for the distribution of natural gas
and furnish supply, that there
would be no trouble whatever in
agreeing upon terms and provisions
Of the franchise to be submitted,
and under such conditions there
would be little doubt that franchise
would be approved by the voters
of the city, and that the matter
could be completed in very short
time.
The committee is also of the opin'
ion that If you will modify the invest
ment features. Of your proposition
there might be a chance to meet the
matter aud get the proposition in
shape. The committee therefore sug
oests that in it's opinion the banks
of Chickasha will subscribe and
areee to pay for $4,000 seven and
one-half percent bonds of the $1oo'OoO
issue. upon the following conditions.
/. Bonds to be paid for when nat
ural gas is turned in the distribut-
ing lines, provided the supply OF gas
comes from the main gas pipe line
now supplying gas from the Duncan
field to Oklahoma City and located
within about three and one-half miles
of Chickasha. or if the supply should
not come from, this line, such sup
ply to be as reliable and substantial
as if furnished by the present gas
pipe line, 1t is not intended to bind
you to furnish supply from any
particular source, but to insure a
supply equally as sufficient and avail
Continued on page six)