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Show H THAT GAS STOCK SALE. H TLe Pnbllo Is Wondering Why It Was B jl ".Mnocit i tiii: lTounrn.K." H. The Slock li l'ojlof lrom i!S to i!0 H! l'cr Cent l'ir Annum. B Tilt mora the imilhodj rt'iortej to In H thurccmitnaleof tho city km dock ro B jirolnl anil luqulted Into tha mora B .bady tha tranaaotlon piirs and the B mora auaplctoua thu mhllo liuoomri. HBHH. No ricuio the City Councilman ot BBB , their eyrapathlion Iiavo yet innJu BBBH I JuiUika thelraotlonlaaelllnithotock. The statement wa mJu In the Oily BBBB Council chamber the night of the aalo BBB that the etock u ioor irowrty; that BBBBt 11 wan gliln i vi ry Ilttlu ta the city for BBBBJ tho amount o( mouty Invcitixl. That BBBBJ iltclaratlon wu Rlarlncly Incomtt. BBBBJ Councilman Hardy, luemhcr from the BJBJBE Third precinct, fought the rot, oltIun BBBjB rrnm first to Init. Ou the night tho BBBJB aale Wat roaJo he fold the Council BBBJB ahould be a little carolul how It moved BBBJB In the matter. Tho illy had gradually BBBJB: been dltpoalni of all Its earning prop- BBBJB irty. If the promt recklea. course BBBJB verecontluuod It would be nicisiary BBBJB In Inoreiae the rata of taxation. That BBBJB would be n Lurdeu on property owner. BBBJB The city', nai atock waa now pajlng BBBJB1 au annual dividend of $:0,UOO that BJBBB would pay tho lutirott of a great many BJBJBJL BJBBB j Mr. Hardy waa coutradlctcd and at BBBBBl the time waa uot able to refute tho BBBBBJ (tatomentaof thoae who favored thu BBBBj BHBBB Investigation ha demouttratod that BBBBt liewcn comet. Jlolllna A Bona bid BBBBB tlOO.UUO for the atotk. Mr. Hardy BBBBB' could not are thoooualateno of telllug roperty that waa pa) lug twenty-alx BBBBB I BBBBB ' lu 'ho face of oaltlve proof thtre BBBBB ! " H'ao who coutlnuo to oontradlot BBBBB I Mr. Hard), A NKa roporlur oulled BBBBB "I1") Mr. T. V. l.'llerbeck, a BBBBB Conner director lu tho gna company BBBBBJ i ,UJ atked him If It waa true thai the BBBBSj i i" 0luPony hail been payl ng u Ulv. BBBBB 1 ?e",J 0( twenty alx per cunt, and If It BBBBB 1 ... Oon" "" tuu l"" ya'- Ho replied. BBBBB I " " t"hl more than tbut." BBBBB "law icu'd H allord In do to?" BBBBBW "llacautu It had largo Invoitment BJBJBJBit BJBJBJBjB wiiBBa BBBBBBBk$ jlBBpKaTrjmfigKaa'fYtrjy In the tlcoltlo light company. Lait year the company made 7 per cent, on Ita Inveated capital anl by cateful management and without any had luck could easily have earned U ptt rent. II) Information cornea from a mllnble fourcc.M Councilman Karrlrk, who alao opposed op-posed thu aale ol tho cai slock) aald a few wceka before It naa dlapoacd nf Hint Iho city could sell for $107 pirahaic. It waa illsr,osid of to llolllna A Hon for 11.11 peraharc. Mr. Karrlck was al acnt lrom Iheclty when thu deal waa closed, and It la said, clalma to havo been taken an unfair ad-antageof ad-antageof by thu council, who should have waited until his return before they opened tho bids, he helm: chairman chair-man of Iho commlttto considering the transaction. Mr. ICarrlcksnya that the city htm been hatlyewlndlud by iwme one. In proof of thla he cltta the aale of tho stock owned by the I'rank Dyer estate es-tate which got $100 per share, or 121 tnoro than the city. Weudell llrnson nlTrreJ to buy the plant outright at $100 por share, so lie Informed a Nxu reporter, but could not get It. Missrs. Tolland and Itlch voled In favor of the proposition, It la said to t o ao atattd by tlidn, hecauae they saw mi opportunity to savo or ralht r make J5(WiMor thu city. When the lt)lllns I. Id waa opened and found to ho $H0,W for "87 haror, Itlch or posed It, but when he saw (list Iho salo wen II bu mvlo wlnlhtr he Wiia willing or not, ho croered tho council chamber and told Mr. l'enhale, Ilolllu A Hons' ripre- illative, that ir ho would Increase his bid totlVS,000he (Itlch) would votu In favor of the transaction. Mr. 1'enhalo accepted It and Itlch kct Ilia word. H admits now that hn made a srlevoua mistake, as dors ale) Mr. Tolland who. Hko Mr. Karrlck, believes Ultra waa a "uliger In thu wood pile." |
