The Winslow mail., 1925-01-23
MASS MEETING
UNANIMOUSLY
in F AVOR OF
ISSUING BONDS

The mass meeting at the city hall
last Friday evening, called by the city
council to learn the sentiment of the
people regarding the proposition of
issuing $4,000 gas plant Improvement
bonds, gave unanimous approval to
the plan of the council to better the
conditions at the plant so that the
city can offer a better service, and
the plant operated on more economi-
cal basis.
Deterioration of the plant, and the
deficit accruing each quarter, made it
necessary for the administration to
take some action looking to a profit
able basis for running the institution,
or closing it down altogether.
About eighty property owners at
tended the meeting. Some surprise
was expressed, not necessarily in a
critical manner, but rather in the hope
of being enlightened on the subject,
why the original figures mentioned
for the bond issue of $4,000 had been
increased to $4,000.
After Superintendent Bert Steinert
had outlined and explained the diff
Guilty encountered in operating and
getting, even the kind of service that
the city has become accustomed to, of
late months, with the rapidly deteri-
Grating outfit, especially holder and
boiler, the reason for the increased
figures were explained.
A great many people expressed
their opinion on the subject, all with
a view to getting at the heart of the
proposition and working together for
that plan which will provide the
greatest good to the city. The meet
ing was one in which good feeling
was manifest throughout, and ended
with the crowd realizing that some
thing had to be done, and that the
city officials could feel secure in the
support of the citizens in whatever
step they might take.
Word of the expected bond issue
had travelled before the middle of this
week to the far corners of the land,
being published in Wall street (New
York; financial journal on Monday,
and by Wednesday many letters and
wires had been received at the clerks
office soliciting the opportunity of
buying the bonds.
At the special meeting of the coun-
Gil Wednesday evening representa-
tives of two Denver bond houses ap-
peared and submitted bids for the
work of attending to all legal mat
ters connected with the call of the
bond election, preparing and printing
the bonds, if the election carries, and
to take over the entire task, so that
when the bonds are voted, the pro-
ceedings will have been in full con-
formity with the law and readily sale
able.
Dan E. Francis, Arizona representa-
tive of the Geo. w. Vallery bonding
company of Denver, and Floyd F.
Walsh of the James N. Wright Bond
ing company, made talks before the
council in explanation of the service
rendered by their companies, and sub
mitted competitive bids for the work
of preparing the bonds and acting as
fiscal agents for the city. Mr.. Francis
was the successful bidder, his figure
of $1,745.5O being $500 lower than the
bid submitted by Mr.. Walsh.
In case the bond election does not
carry, the agreement reads that the
city shall be obligated only to the ex-
tent of $50 Mr.. Francis was the sue
cussful bidder of the $475,000 bond
issue in Flagstaff few days ago, and
his company is now and has been
for two years past, acting as agents
for that city.