Show DENVERS WATER WARFARE Will Insist on a 25 Per Cent Cut or Condemnation of tho Plant Bondholders Bond-holders May Appeal to the Federal CourtKansas City Aldermen Are Threatened With Ropes Ownership Owner-ship of Gas Works Denver Colo July 8 Special to Tribune The conference between the Mayor and members of the City Coun ell did not result In settling the water question They were In session all this afternoon and will meet again tomorrow tomor-row At the conference today the Mayor pronounced his ultimatum He will Insist In-sist upon a cut of about 25 per cent on all charges If the water company will not accept this and Insists upon going Into the courts to prevent the cut being enforced then he will Insist upon the clause In the contract providing provid-ing for condemnation of the water plant being enforced This will enable the city to own and operate the plant If the company Is slow to accept a reduction re-duction of rates Ao tho matter now stands the Mayor and supervisors are with the consumers consum-ers and a majority of the Aldermen are with the water company But the Counoll will never be able to pass any thing over the Mayors veto Unless some Aldermen relent they will never pass what the Mayor asks In the meantime It Is expected that the bondholders of the water company wilt apply to the United States Courts asking that the ofllcers of thp company be compelled to proceed with the collec tlon of water rents setting out that the Interests of the bondholders are not being properly cared for and that It Is Impossible for the present City Council Coun-cil to agree upon any readjustment of rates In the conference today the Mayor would not consent to even a consideration considera-tion of anything but a plain reduction all along the line of about 25 per cent although the water company sen word they would take nothing contemplating more than 15 per cent |