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Show THb BOND BIBDERS. Tho correspondence on the question of the negotiation of the water bonds recently voted by the Ity. shows an effort in a certain quarter to give the rta'i Light an 1 Railway Company the whip hand In the transaction to make It appear that the demands of that company must be complied with before the bonds can be pi id for, it is not difficult to see whence came thlf effort; It is part and parcel of the advocacy of the partisans of ihe company and of their contention that the city must surrender to the company's com-pany's demands. But there Is no reason whatever why the City should give in. It should preserve pre-serve its right of public service. Its power of regulation, and Its right of forfeiture Of the franchise for nonconformity noncon-formity with Its terms. The offer the company makes in return for the enormous enor-mous gobble it asks Is the merest trifle, (.'ity Attorney Dey Is clearly In the right of it when he says that there is no need for the ity to yield to the contention of tho company, that the eily can help itself by condemnation condemna-tion or by taking the water below the "right " claimed by the company. It" the company that bid for the bonds consents to be bluffeel out of tailing them by this preposterous claim of the local impudence. It will be the loser. The City Attorney shows dearly that there is no real reason to dispute ihe validity of the city's bonds and purpose in this water deal, or to doubt its ability to help Its. If. It Is a misapprehension altogether, lorn of sheer insolence on the part of the adherents ad-herents of the local company, who were elected to serve the people, but who have apparently lost their cue. |