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Show NATURAL GAS FRANCHISES. The Safeg-uards with Which Kokomo, In-Haua, In-Haua, Hurrounds Itself. The following is clipped from the Kokomo fiiwtle-Tnibune of December 25. It shows the conditions imposed upon a company seeking a franchise for to pipe natural gas into that city: "Tho city council has formulated a proposition propo-sition to present to the Chicago gas peoplo which will fairly tost their good faith. Tho council is willing toconcede the maxmimum rate for domestic uses asked by the company com-pany and asks no lower factory rate than tho company in a semi-olllclal way declared its willingness to accept, live cents a thousand feet. In asking for a f 25,000 bond, guaranteeing that the company com-pany will pipe Kokomo, the council asks more than tho company proposed, but this is not an unreasonable condition for it is fair to assume that iu either base the compauy would decline to accept the ordinance If it doesn't mean business. If, however, the company feels that tho council asks too much in raising the forfeit money from $10,000 to f .'5,000, this is in a litre measure offset by waiving objection to the long period of time asked for to complete the piping of the city. In giving the company until September 15, to pipe the city the council concedes the most objectionable condition to the franchise as proposed by the company and iu all fairness (his concession conces-sion ought to compensate for the increase iu the good-faith bond. Tho city council has offered the Chicago company an excellent excel-lent opportunity to prove to this city whether it is its present purpose to accept a market for its fael in Kokomo and the Uamttr-Tri-bunc hopes it will act allirmatively at its car. licet possible convenience." |