Show timely topics WATER LIGHT AND PUBLIC WELFARE ELFARE URGENT ISSUES last week president geo A adms of the eluo L nit irrigation co the phases of this water abt lit anti and power situation ns lie sees hera hem aside from reference to t the it t cements ot of president chas A tar of the town board president dams refers t to the report this paper madeia ma deif the efforts of the two corpor actions tr to come to agreement on the oasis of the itlie contract at salt I 1 ake city aia alay r iby by him ind and air rr burr after each load imd authority from the hoards boards they represent to sign an ag re ement the objection presented against the conY contrat rat which would yie tile town the water avater so that its pi may lie acted upon if one ol of security president adams wants to lie secure and concludes that a bond election tor for the Is the only recourse simple liw law governing po vernin in this cae was enoi knon n before that contract of alie the was ivas signed the company authorized mr adams to sign the instrument erilL and feeling secure tile town withdrew its objections filed agal nt the companas Comp anys being ehen drouth relief money and then coop orated with the company in ili retting getting that relief ind and even in petting getting adal dional relief because it lielie ed that such action helped the town anthe on the project in providing provi dinc for the five ye years arsand and I 1 4 percent interest there was no se cret and nothing liy by either party rep resenting it in salt lake lak e city to indicate that five years giant more or less than five fire years now bonds or the cash basli Is demand ed 01 monticello lias has no bonded ilion deil ini JeU JelA edness elness and its londs would sell nt it enist at par and this conclusion to ask for casi or fir first dais class security that on n which the moneal money i loaner will avill gladly advance alvn nce the cash Is based on in the assumption that clr town may not pay this in five I 1 rears from its earnings or nr from oth r revenue this conclusion deserves I 1 lose close analysis because it if it is krisht ahe company lias some jn intino tino iun tor not being lie n s willane villi to co tile inthac t without stipulations accord eucly hut but the hay contract does no not seem to give any such stich free alom or el clinice loice cli oice for the year 1912 in H tile company showed per records filed a total revenue of fit alli for 1031 the fimbres fi mires appear to lie identical por for W 1933 there is is little change cli anse per thee sin official records recon ls disbursements disbud se tor for 1912 1932 chih a new system would nt not have ito pay are the these money paid on i tes taxes 1710 loliar 0 n pine line TS ca ico oil anti and gra cas master saw wood flitch work or a total batal of sac io S this oils from the disbursements the cash on hand still deives 2 and lobese items are mide made up lip as follows supplies sl opera operating tinz cost phone ati deposits loy by it customers m if T the total vald tal out reconsidered Iz ignoring ign orinc norine the deposits deil hy by customers anti ami the cab alance li the amount is s n S ta from froin anis the sa allowed for cost A t oppi t hii I raves elves a balance alance I of 41 I 1 q this r 1 aerating ost la Is ample and competent men l it Is possibly a little biffl tor lor the municipal plant for tile first liala of its llie life ot it least it the town rot got MOW t less the aln D percent federal erint it ft would lie for 4 idoo thirty pay prients or makes each one fine or nearly if interest on this loin is 5 percent Arl ilch h likely is more than the calls for the an onal mial tim mint without paying any principal avouli lie 5 but pay inz inc on both principal anti and Inre interest rest ivill make the alO aloline lint equal to the total of if the two or tt ila after the first pay ilay ment and after five yours years the total principal and interest would he be and BO 80 on oil without on ili the lasis basis ailenee it la Is seen that on tills this liasos 1 alfs there Is ht tle tie margin the flie first year and in five vears not lot Til liell more then to pay the interest on this chiai sed for tho the water I 1 but nt very important matters enter into this vl vi I 1 use lise more sar ilac ice if it were better li etter rower power alone iril would tild increase tile dhove total I 1 like ille ill e alse refrigeration gefri er atlon etc 1 Is iman al ont as 1 iv w as it my ir lie anti it may on MI ly ay increase pal that it will increase is not speculating 1 statements lied filed tle the basis diasis of this aliis comment ore naturally nati rally conservative with 00 citizens low anoll nonh h for anone anione SIO 10 tier capita for utilities means 1 1000 receipts and per carita means which is a little high 4 fiat this brief loriet matline ont line ot of salient i feets or supposed fabits anti and reasonable 1 assumptions assumption S is is conservative a and nil I 1 fair seems evident in a letter to 1 the public utilities commission slen ed liy fly r 11 I 1 tones jones january 10 mb 1012 agnoni z other things lie said we have offered ithe billip system to t the tawni town I 1 of and others nt at 20 per cent of its cost amt none will take it in that letter lie says the cost of ital ali plant was avas SOO RCA the 20 per cent ent offer would make a s sale ale perhaps pr haps that letter does not retry 1 sent the company Com piny bult is just jus t ir I 1 jones ideas I 1 1 1 C ibi examined from every ansle anie conticello monticelo Mont icelo Is justified in asking for the sale to it of the water per the contract no X one will illint the i ar Sf lOO will lie paid unless heavy work I 1 1 Is done against ownership i and that the people will at approve prove al a biond issue for paying payi nr it if ny by paying it with it Is apparent arent that rates may comp come down as use iise anil and population increase Fi finally rally both tile the Coi coina nv and the hie town should nealle that federal enet will give monticello Mon ficello what nil all the far ts indicate it may pay for and which it needs that may he a loan less than ic the ali drouth relief abonyi reduce it ft and other factors may further lier reduce it so an there is ground for optimism statements are heard that the nr in percent allowance Is to t lie he post postponed polled some years 5 ears and that at first and fil ways all the percent would have to lie he bild that is not in wiy with the facts nut bilt tile the truth is that a large amount of mon men ey has hoen been loaned where cherp it Is safe with interest low anti and kincl without irit Wt crest erest san jiann liaa has a rig lit to the use list of some of this moner neils it ft lut lint needs a reliable reli alile for water and one for clait and powen the bille it ird oil fai may help to yet get this the people may pet get it as an tho the law lav permits them to own stich utilities and to meinte them |