Show DENS TERBJORKS 1 Syndicate Formed to Handle an Option on Them I JARVIS CONKLIN INTEREST Offer will bo Made to tho Representative Represen-tative of Them Whereby Ogden Men will Take the Works for Half a Million Dollars One Statement is that tho Ogden Men who Made the I S Purchase Do So for a PermanentS I Permanent-S Investment Another is that tho t City will be Given Chance to Buy II I r S That the Ogden city waterworks will 50011 change hands Is a strong proba i blllty For some two months past Mr J D Smith of Baltimore representing a loan and trust company has been In I 1 Ogden arranging the deal whereby the waterworks will pass out of the hands I of the JarvlsConklln syndicate and bo controlled by Ogden people He has succeeded In Interesting Messrs David I L Kcclcs Thomas D Dec H H Spencer j i I and ID M Allison Jr nnd the plan has i I been under consideration by these gen I tlenien for some weeks i Yesterday a proposition for an option op-tion was submitted by these gentlemen co Mr Smith who will leave for the I East today to lay the proposition before tho representative of the Jan IsConk lln Interests The securing of an option Iii i for the I purpose of getting time in which to uc I gotlato the bonds of the new company and to prepare in other ways for taking I possession of and operating the water system The statement Is made that I time new company will acquire no rights which the city can claim or with which I the city can Interfere This statement I loads to the conclusion that the t probable prob-able result of tho present water lltigu I tlon has been carefully considered by the legal adviser of the new company Mr Allison and that no unfavorable results are feared under tho law New water rights will bo arranged for In addition ad-dition to the holdings of the present company so that no possible success fullycontested adverse claim nor the adverse appropriation of the amount of water decreed as belonging to the city will affect the water supply of the new company It is possible that to thus acquire EXTRA WATER RIGHTS a reservoir may bo constructed in Ogden Og-den valley two or three miles above the present intake house Those are matters mat-ters under consideration but no statement state-ment ns to any settled plan of operation I opera-tion has been made It is supposed by some people that this now company is organized to acquire and hold the waterworks wa-terworks until such time as the city may be ablo to purchase them It Is Impossible for the city to purchase at present or for some years to come under I un-der the present laws as the Indebtedness Indebted-ness of the city now almost reaches the ordinary limit and with thesanction of a voto of the taxpayers only about 230000 more could bo added to the bonded Indebtedness a sum not nearly sufllclentto make the purchase In the event that the new company Is to hold the waterworks until the city can acquire ac-quire them all litigation It is believed wl u be withdrawn This llwI i = borne out b5 astalement by Onefhe parties par-ties to tho contemplated tiansactlon that the city will havo an opportunity to acquire the property but whether this salemen b referred to the present or to the future was not made plain On the other hand It Is stated that the new company Is negotiating for the property for a permanent Investment and th K view of the matter is i borne out by the fact that a number of Eastern East-ern imrtfes avo Interested with the local lo-cal capitalists In the purchase The price offered for the property Is In tho neighborhood of 00000 but the exact figures would not be given out It will bo somo days it Is said before It Is known to uncertainty whether the proposition prop-osition will be accepted but It Is be lioved that Mr Smith has such knowledge knowl-edge of the whole affair that the proposition propo-sition Is sure to bo satisfactory or it would not have been made for the amount named In tho proposal |