The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-02-16

available from the normal flow OF the
river.
as. To purchase the governments
interest IN the Warrior extension OF
the steam plant of the Alabama Power
company, and facilities, the Warrior
and Sheffield substations, the trans
mission line from Warrior to Sheffield
and the steam plant at nitrate plant
No. 3, toge41ler with necessary rights
Of way, lands and housing facilities,
and to pay therefor the sum of $1,000
900, less an amount to be agreed on to-
cover the cost of locks and navigation
structures at Wilson dam. payable in
five equal annual installments: the
first payment to be made when license
is granted, the remaining payments to
be made in four equal annual install
ments with interest at 5 per cent with
the right to anticipate any part or.
all of the same.
81. To operate and maintain the
power plant, dam and gates, the gov
eminent to operate and maintain the
locks for which the power company
win supply the necessary power with
out expense to the government.
"5. The government to transfer the
license to the Wilson dam property
represented by it's investment and
commitments to date. free of liabilities
and unincumbered, including the con-
struction plant, the locks and nayiga-
ton structures TO be conveyed to the
government in fee on completion of
construction.
&c. Whenever the safety of the
United States demands, the United
States shall have the right, as more
fully provided in the federal water
power act. to take over and operate
the project covered by the license for
the purpose of manufacturing nitrates,
explosives or munitions of war, or for
any other purpose involving the safety
of the United States for such length
of time as may appear to the president
necessary for such purposes.
"7. The project covered by the IL
cense to be subject to recapture by theI
government at the end of so years
under the terms of the federal water
power act.
"8. The Iicensee will agree to begin
construction promptly upon the enact
ment of the necessary legislation and
granting Of license and to complete
the same within q reasonable time
thereafter.
'"To facilitate the carrying out of
this PLAN we may find it necessary toi
organize a new company for the pur
pose, in which case, however, the obli- |
cations of this offer shall be binding |
upon this company in all respects as
if 10 were the lecensee." |
The offer is different from those re-
ceived from Frederick C. Engstrum of |
Wilmington, N. c., or so far as is |
known, from that proposed by c. c. |
Tinker, head of the Construction |
Company of North America with head |
quarters In San Francisco. None of |
these agrees to function under the pro- |
visions of the federal water power act. |
Another distinction it has is that
the company from which it comes al
ready owns the land on which the
governments power plant is situated |
at Warrior and which has entered into
the hearing OF the house military |
committee, investigating the Ford |
plan, in the form of perplexing prob |
lem which would require solution be- |
fore the Ford offer could be accepted |
by congress.
The Alabama Power company claims |
plant on as favorable terms as those
given to other private concerns which
the war department officials, includ-
ing Secretary Weeks, Major General
Williams, chief of ordance, and other
officials admit contains moral obli-
cation, If not legal one, binding the
government to sell the plant to the
Alabama concern or remove it from
the ground it is on.
Secretary Weeks informed the house
committee that the company had noti-
fed hinf it intended TO exercise the
option claimed while other witnesses
testified that before congress accepted /
the Ford plan, involving delivery of |
the Warrior plant with n clear tftfs,
it would be faced with long fight In b
the courts, instituted by the govern
ment in the shape of condemnation /
proceedings and opposed by counsel of
the Alabama Power company.
rEATEIBO ~