| Show THE FRANCHISE DEAL DEALT DEALT THE T T f LIGHT RAILWAY franchise I question comes come up tomorrow tomoro poasi i bl hi for o thial 11 consideration and anc it would IK 1 w well el U for fO f the council cun l to n lix some sn 1 hinge hinga hin firmly in their minds In 1 the place p they are representing the people vete of or Salt Sal Lake as agents in negotiations ne o ot t for fOl a I trade and agents a nt cannot represent two opposing 0 principals If l lany any councilman feels that be he must take tk upon Ulon himself the te functions of or an at attorney attorney attorney torney for fo the light company he ought frt first to define his position honestly ho ty and squarely then resign his place in lit the council and appear before that body in his new capacity No one objects to any citizens belief bler that the tl corporation n is entitled to what hat it as but every honest honet citizen does object to having his elected elete representative the tive thc plead led for the other side side to the bar bargain bargan bargain gain gan A lawO who would take money mone from both sides to a 8 case es in court would be disbarred if he lie got his just deserts a a councilman who will ll accept election eleton by b the people and then exert himself to toIve give Ive the city the wort worst bargain possible possible ble in a deal of this kind ought to be forever disbarred from holding bolding public office or from any claim to the respect re pel of his Ms constituents In 11 the second seon place the company has hasa hasa a a right Ight to ask awk l all al it thinks it I cnn can CI get and the city on Its Us side ought to insist on all ail al it is entitled to in return for a valuable privilege The Tha power powe COmpany claims title tte to a a water right which the dt ity would like to get promptly and with a s clear cler title tte But the city ely does dos not necessarily have to make an oner onerous onerI I ous oU sacrifice for w what it i wants a n t and ald some ime ot of the best Mt lawyers lawyer in the tIme city ly be believe e elte lieve the te city could successfully con condemn dem the title tte and get got pion possession of the I 1 waLer right through the courts cUlts at It a fair far talf M Of the tle other oher hand hald the 11 pw pow tz l vy desires dere to Its lia f and ala nty to enable It to t float fot bonds I I at advantageous terms It is true the te could without the company get set along i consolidation or the extension but it would profit very materially by b securing eur ing log the extension and the new fran Iran franchise chise would be be of immense benefit in hi that any question qu Uon as to the legality of or orthe the consolidation of its It constituent companies would woul b be removed beyond bend cavil CI pie With Wih these facts fact in l mind the council counci should conduct the negotiations so that the city shall ahall hal gain gin every possible ad advantage a d vantage legitimately With that un tin understanding g it i should not pt b be difficult to handle the whole matter mattor mater on a busi bind business ness floss basis baBs Nor should It be forgotten I that the committee of oC one hundred representing the people is entitled to express its is views on any an feature of or the th negotiations and ind nd its Is opinion should carry carr great great weight because beu e it i has ha be behind b behInd hind it the sentiment of the community an those who sho desire noth nothing nothing ing but a square deal for both the city and the company A good deal has ha been cen said sid and writ written written written ten about the large expendi expenditure ture and small smal returns return from its It it invest investment investment ment mente If I that point pont is to be urged it itis itis is ia only fair to remind the advocates advocate that somebody has made money mom out of or the bonds and stocks which represent inflation If I a man spends ends 2500 on a a power powe plant and sells worth of or bonds ond on Oil that plant he can hardly har ly claim caim the Ute sympathy S thy of the time people who are taxed to pay pa interest on ou those thos extra bonds nor nOI need nee 1 he hope to have any large Jar e degree of oC commiseration because e the tIme plant lant lops does 08 not earn ern dividends on stock stok as welt well welt as us interest on ozi the bonds In its is present condition the entire plant of the Light Light Railway company does not begin begin to represent in value the amount amoun t of its Is bonds and stocks It I does des es eswell well wen if it earns e rn interest on the bonds bo d alone alonea and a the company has no shadow of right to a ak k the people of Salt Sal Lake Lak to contribute fund funds directly or or indi indirectly Indirect for the maintenance of dividends on stock and amid Interest on bonds beyond the actual cost of the plant Unfortunately Unfortunately Unfortunately in years past the city Cit has not guarded guar this point mid aid it is quite uie pos pee possible p sible the present owners of or the com coni securities are arc not responsible for the condition c which confronts confront them but lUt there should be no baby plea plea of in injured Injured Injured innocence The company has Ims as assumed assumed assumed its Is load with ih its eyes open and an has Imas not given g en the kind of service nice either pithier in lii power light or street railway to create a friendly f feeling for its is difficulties ties te This is a a good time for it i to face about and recognize the te fact fa t that the people have he rights right which it i can n well wel afford to concede conce e And if it will wil not those rights ought to be demanded anu ant nf ced |
