The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1924-10-10

1929 ............................... 97,917.50
1880 ........................... 11O,622.50
The greatest amount of bonds re-
tired in the electric department in any
one year was only $4,000, then how
can the above Indebtedness be taken
care of?
Mr. Primmer claims that during
the past thirty years the city of Ham
ilton has saved $750,000 on it's street
lighting / wish to differ with him,
as the taxpayers in the city Of Ham
ilton have a'7TTays paid For the street
lighting in interest and sinking fund
charges.
The books of the city Of Hamilton
are carrying the value Of power plant
and distributing system at original
cost plus improvements, and have
made no charge for depreciation The
state utilities agree that at least 5
per cent for depreciation should be
charged off each year.
CA
offered $565 900 for the distributing
system in consideration of the grant
ing of franchise to supply electric
current to Hamilton. Providing the
sale is made, there is provision in the
ordinance made to electrify water
pump, which will mean a saving of
$4,000 per year between cost of fuel
and electric current, and the city will
receive approximately $4,000 a year
in taxes from the purchasing com
pany.
As to price, we are protected by
a twenty-five year franchise at a 7c
per kilowatt rate, and in case any
other city or community receives
lower rate than 7c, then Hamilton
likewise will receive such reduction
Union Gas & Electric Co. required
to give $150,000 bond for protection.
If it is the desire of the people to
sell the distributing system, as their
decision will be made on November
ith, the bonded indebtedness of Ham
lton will be reduced $1,165, 900.
1t also means that the entire bond
ed Indebtedness of the electric light
department. will be eliminated and we
viii have surplus of S185,000 on
hand. 1t means that Hamilton would
progress and go forward as she has
never done before. 1t means that we
could take care of our safety de-
partments in the proper way 1t
means a regular garbage collection.
It means a reduction in taxation, and
it also means that our neighbors in
he suburban districts could be given
she same consideration as the ones in
he down town district. They have
5een asking for electric lights, water
and gas extensions, and should be
given consideration as they pay the
same rate of taxation as the people
hat are accommodated by these serv-
ices
Some of the old employees in the
electric light department are worry
ng about their work as if the sale
was made they would be Immediately
discharged. | wish to say that the
Union Gas 4 Electric Co. will not dis
charge any men now employed in that
department, but will give employment
20 additional men. If any of their
employees become too old to work they
will retire them with pension. They
also carry $1,000 group insurance
policy on each of their employees, and
wish to state that they are the great
est endorsers of organized labor in
Cincinnati today.
| have given you the true facts
regarding your electric light depart
ment, and in case the people vote no
on the sale of said plant then we will
Immediately set out to make the
proper Improvements and extensions
and the rates on electric current are
sure to be increased.
| sincerely trust you will give this
matter your consideration, and if it
is your desire that Hamilton shall
become a progressive city, you can
render your decision on November 4th
as to the sale of the electric distrib-
uting system.