The Birmingham age-herald., 1922-02-03

states the responsibility for repair and maintenance of the two dams other than the power house, which power house and electrical equipment he agrees to maintain at his own ex- ponse in efficient operating eondi- ton. As compensation to the United States for the repair and upkeep of dam No. 2 and locks he offers to pay the sum of $35000 annually, and of dam No. and lock the sum of $20,000 annually. He also agrees to furnish electricity for operating the locks at each of these dams without charge to the government, and in addition he agrees to pay the sum of $23,373 semi annually for the purpose of building up a sinking fund to return to the United States at the end of the lease period sum of money which he es- timates if Invested at 1 per cent will be approximately $40,000,0o0.
 Offers Five Millions
 "As n condition of this offer he asks the United States to sell to him ni- trate plants Nos. l and 2 the Waco quarry and the Gorgas Warrior steam plant, with all appurtenances, for the sum of $5,O00, ,000. payable Sl, GOO, ,0O0 down and the balance in an nual installments of $I,000,000 each, with per cent interest % deferred payments. As a further considera ten to the government he agrees to operate nitrate plant No. 9 at the ap- proximate present annual ca apaeity of its machinery and equipment in the pI oduction of nitrogen and other fer tiiizer compounds throughout the lease period and to maintain it in it's present state of readiness, or it's equivalent, for immediate operation in the manufacture of materials nee essary in time of war for the pro dLction of explosives.
 He further agrees that the fer tilizer produced at Nitrate Plant No. 9 shall not be sold at profit in ex- cess of s per cent of the actual an nual cost of production thereof. and to turn over to the United States Nl trate Plant No. whenever it shall De required for the national defense. He likewise asks for a preference in op- portunity to purchase or lease the property at the end of the lease period and for the right for period not stated, to be supplied with cleo tric power at reasonable rates in an amount equal to his average con sumption during the previous, 10 years, in case the plant is operated and his company does not purchase or lease 1t. He also states that his proposal must be accepted as whole and not in part
 Nitrate Plant No. 1, MT. Weeks de- scribed as having been constructed during the war at cost of Sl2.SS1,- 941.31. It is now in a standby con dition, he said. with part of the land leased for farm purposes. The cost of maintenance during 1921 he placed at $75,506.42.
 Nitrate Plant No, was constructed at cost of $67, 7,555. S55.O9, including the cost of Waco quarry The site includes 237,71t acres, acquired for $237.711 It Is now idle except the power plant, which was leased, to- gether with a transmission line, to the Alabama Power company, under contract revocable at any time. The government expended $201,674.63 to maintain the plant during 1921.
 The Waco quarry Secretary Weeks wrote, had an area of $40 acres and was acquired in connection with the operation of Nitrate Plant No. ? at a total expenditure of s52,962.SS.
 The goVernment-ow Warrior steam plant at Gosgas, Ala, Ss miles southeast of Nitrate Plant No. 2, has a capacity Of 30,000 kilowatts and the electric power produced is car ried over transmission line to Nj