OCR Text |
Show DON'T SELL THK CITY GAS STOCK. Iu regard to the proposed sale of the city gas stock The Times repeats what it said a few days ago, that tho city should retain possession of that stock. It gives the city a voice iu the management manage-ment of tho affairs of the gas compauy. and this is especially important when taken in connection with the regulation of the rates for gas consumption. These rates should be made as low as possible, and this the city would naturally do. This fact should not be lost sight of. We havo already shown that the gas stock is very valuable property, and likely to increase in value with the growth of tho city. It is paying a dividend divi-dend of over twenty per cent, and the profits have been sullicieut to pay the cost of lighting the streets. This is a big item of sav ing to tho lax -payers, whoso taxes of course would be increased in-creased were the city to dispose of its interest iu the gas plant. Tho majority of the people arc undoubtedly opposed op-posed to tho sale, and the press is unau-imous unau-imous in its opposition. When these facts are taken iuto consideration, we hardly think the city council ' will shoulder the responsibility of parting w ith its interest iu the gas works. |