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Show .1 i being a trail gem, is better set VIRTUE, cendent without much gold and orna 4 ment. If Ttuwwf. Successor to Public Opinion A WEEKLY NEWSMAGAZINE "Volume One Number Thirty-Thre- DEPENDABLE e Journal OF LOCAL AFFAIRS Workers Statements: City Commission Answer Power Rate Schedule Studies Reveal Municipal Power Could Earn Franchise Petition Contains Bone of Contention For Citizens -- provo city is flooded with workers, workers power $ 75,000 Yearly For City both municipal and Power camps. Every Mayor and City Commissioners Study Engineers State-oent- s visited. is being Comparisons of Various Municipal Plants luuse are being banded back With Present Rates Charged by Utah Power and Light. sometimes with and forth, and BOch irresponsibility, Refuting the charges made by workers of the Utah claims. foolhardy Power and Light company that the municipal power rates The meet ot the present in Fort Collins are 20 per cent higher than the Power comp however, la found around all guess work as to franchise'' bone of conte- pany rates in Provo, and eliminating the are rates what charged being bethroughout the are actually nts. Franchise petitions E. A. Jacob the City Citliene municipal Engineer country the plants. by lli circulated by schedules week for of a this mein one of the and study by comparison presented Committee, nfinents seems to be: "le It not the city commission. lood policy to permit the Utah The final examination of these rate schedules was completed this company to Power end Lliht week, with the following conclusions being announced by Mayor from Utah 1800 Depositors In Defunct Provo Bank Find New Interest Since Recent Supreme Court Decision CAMERAS DONT LIE Signs Often con-trere- nr with the Municipal flint! Would it not be better to hire two plants to depend on! We would be at the mercy of and tied the Municipal plant, hud and foot to the city plant. the Utah Power It we refuse eompete lnnchlsc. Farther-mere- would not Provo , dtp be able to charse excessive Metric rates, once the Power company la ont of the picture! for your own protection, why not lire them a renewal of their buehlse! Thau questions belnf vital, ihoald be answered authoritatively. The Utah Valley News submitted them to the entire com- -, minion. Here la their answer, n, fhu verbatim, from the In writing: NO For many yean the Utah Power and Light baa enjoyed a monopoly In Provo city, luclne now, for them to argue list competition la n pood thins, iapone who favora giving the rtsh Power and Light company uother franchlee la an enemy of the municipal plant. "To eliminate Utah Power and Light from Provo will accomplish enrol things: 1. It will insure the maximum ft(ne of success for the munl-dp- el plant Do we desire anything leu! The Power company H that a municipal plant must hen all the business to succeed, pet they say that competition la a com-nlssio- i .vr.V.A" Mark Anderson: The average residential rate at Fort Colllna la in placoa slightly above the Power company rate, but the average commercial rate at Ft. Colllna la much lower than the Power companys commercial rate. The industrial rate at Ft. Colllna la also lower, hot the important difference la that ona third of tha gross revenue from the Ft Colllna plant la net profit On the present Utah Power company rate, If the Provo municipal plant should charge that much, our plant would earn for this city not leas than )75,000 yearly', concluded the mayor. The following la but a part ot the schedule studied by the commission, hut It Is here set up for tha readers of the Utah Valley News, the rates being as of July SO, 1018, at the Ft Colllna plant and at the Utah Power and Light company. (Bpace does not permit & of a transcript of the schedules found at other municipal plants, hut to the holds City country, according throughout (ho general average Flood Canyon Engineer Jacob who complied the charts.) RATES on COMPARISON OF ELECTRIC the sign placed hi Provo canyon by the Utah Commenting Power and Light after the recent flood, a picture of which la shown Residential above, Mayor Mark Anderson said: Utah Power and Municipal Plant Number The Power company placed no signs on the city mill Fort Colllna, Colo. K. W. H. Light Company Net Rate Net Cost Net Rate K.W.H. race calling attention to the abundance of cold clear spring In Dollars in cents in cents 8.09 Cents water flowing there after the mud slides shut their own 8.18 Cents 11 $ 0.90 5.94 Cents plant down at Olmsted. The city plant will have four sources 3 8.15 4.44 Cents 8.40 81 6.25 1.05 Cents of water Bupply, without relying at all on Provo river water. 800 10.75 S00 1.98 Cents The Power company has but one source. Neither the mud slides, snow slides, or ice will interrupt the citys plant when Utah Power In Provo Light Sign on Flume after Recent it is built. . Pod thing. IIt will Insure ibe lowest Interest rate when the Knnue bonds are refinanced following the expiration of the flower companys franchlee. The Is twet rate la always higher Jwe the plant Is competitive. hy hare it competitive! It will eliminate Power (Continued on Page Four) - Nmlble first Time New Structure in Sowiette Park until twelve. The lower floor, where the pioneer relics will be on be decorated in pioneer colors, sage green and Sunflowers, golden-ro- d and sage will be much in . 6nCe where floor, uPPer dancing will take place, m receive more modern decoration. The 1 dis-w- ill 'le attendance of all who may in commemorating heroic achievement! of the flIo& I11 f the Waat la earnestly by the committee, in Charge committees tor tha occasion are Mow: City commission, building eom-an- d jr thethecaptalna of all tha C,,T eamp of the Sons and Dan . of the Pioneers, in-the four cimne of Tim- stake. Identified with the noto Bnlti The captalna are 2 K p6e JL requested to appear In pioneer costume. Refreshments: A member from each camp to bo appointed by the respective captalna. They will be under the direction of Mrs. France G. Callihan, Mrs. Clara Warnick, and Gideon Clark. Decoration: Mrs. Beanie E. Gourley, Clyde Scott and W. M. Andrew. Music-- . , Ed. M. Rowe and Sowiette Park and faces Fifth e travel and farm implement, eworda and gune, and many Interesting pictures. In supplementing the regular pioneer exhibit, Mr. Edith T. Booth, a grandaughter of Brigham Young will present a collection of relief ally conceded to bo a work of beauty and dignity, la located In Went Street, the Main Street of from the Lion Ilooee, the home of the great pioneer leader. James E. Allen, Architect The museum building, gener-th- e Pioneers. Much credit le due Architect James A. Alty-n- , the designer of the building, who In addition to professional service, has manifested a deep personal Interest In the affair. While the building wa sponsored by the Provo unit of the Bone and Daughters of the Pioneers, the success of the enterprise has been dependent upon the most valuable aid of Provo City, and through Provo City of the Federal Government. The title of the building, therefore. Is In Provo City, and It will have many usee In addition to that of a pioneer museum. old-tim- After years of effort and struggle on the part of the city camps of the Sons and Daughters of the Pioneers, Pioneer Museum building will be opened to the public fcht. The reception and inspection hours are set from to nine, after which dancing will be the order of the veiling Its decision handed down last week, a resume of which la given elsewhere In this paper. Depositor Curiosity Aroased Just what will be done by the State Banking Department to bring the matter again before the Court or to recover the securities which tha Banking Department surrendered to the Loom Interests when Judge Larsons order was entered, la not known. The deare becoming very positors curious as to the real facta back of this deal, which released In effect 8100,000 worth of securities in exchange for $50,000, all at the expense of the depoeltore. Iron King Bold At $50,000 It la now reported on good authority that the amount which the 205,000 aharea of Iron King Mining etock, one of the principal assets held as security by the Banking Department, sola for the day the deal was approved by Judge Larson, January 2, 1027, was enough to have paid the 850,-00- 0, offered In the' compromise. This left ae profit. It la said. In the hands of the Loom estate and the promoter who pnt over the deal some 855,000, worth of real estate and miscellaneous stocks. From the court filee and other records In this case the following pertinent facts are revealed relating to the dosing of the bank and the history of the Loose indebtedness, together with the effort a to compomlse and liquidate It, as they relate to the court decision end any possible' actpn to be taken In the future. The facts are here set down without comment. Facte Bank failed to alter It had been dosed during the bank holiday In March, 1922. re-op- en Win be Viewed by Citizens . Now that the Supreme Court has reversed the decision Municipal Power of former District Judge Martin M. Larsen in the Loose comShows promise case in which it wag sought to settle an obligation Financing which to date amounts to more than 3175,000, including prin- Improvement for City cipal and interest, for the sum of 350,000, the 1800 or more depositors of the Provo Commercial & Savings Bank are Two marked improvements beginning to show an awakened interest in the way the in Provo municipal ' . City's liquidation of that institution has been handled by the State power plant . financing were Banking Department commented noted this week by the Particularly are they Impressed making examination, in dealing with the to In a depoeltore on report when they consider the import ' and the Implications which arias the Looae Indebtedness ae fol- the revenue bond ordinance lows: in and voted upon out of the restrained statements passed We recommend that the October, 1936. made by the Supreme Court In IVi-tlnc- Pioneer Museum Opens Tonight; Public Inspection Invited J. M. Jemen. The relics, which have been In process of collection for many years. Include household utensil. FRIDAY, AUGUST 5, 1939 INDEPENDENT PUBLISHED AT PROVO, UTAH Examination of hooka revealed Looae Intercuts, including Colonel C. E. Looae, members of hlu family, and closely held corporations which he controlled, bail borrowed nearly 9100,000 from the Bank with wholly Inadequate security back of the loans. Thin amount, plus stockholders liability, increaaed the indebted' neM to over $ ISO, OOO exclusive of ....Interest. that the 6.5 Sec. Feet of Spring Water Running Over weir in City Mill Race Eliminating all guess work as to the quantity of water running into Provos city plant water supply system, City Commissioner Jesse Haws went out with his camera this week, and the following pictures were brought in by him. Water Master W. O. Facer and City Engineer E. A. Jacob Largo part of loanable bank went along and constructed a weir with which were loaned to throe or four they measured the exact amount of water coming down the mill race, with- families and connections with inout any river water being allowed to! enter, for adequate security. they had previously dammed it off water-tigh- t. IYeston G. Peterson, The following report was authorized and director, owed Bunk by the entire city commission after an investigation had been concluded over $10,000, Including a S3," OOO aa-e- ta overdraft. THE SPRING WATER FLOWED A STREAM OF 6.5 second feet at all times during the mud slides before and The condition of tha Bank was after. No river water is fkiwing in this city race. We invite chronic and had been known to the State Banking Department for citizen to inspect the mill race water supply. time before it was closed. long Freckleton Reunion Community Service The John O. Frrckli-tnfamily minion will he held t IlHlMm Grove, Ifolihh-Cre- ek canyon, Saturday, August 6. The program will start at 10 a. m. Activities are planned throughout the entire All anil day. friends of the family are invited to Join, Announcement Is made hy Rev. E. Irwin of tlie Com- n here of a munity Chun-special service Sunday morning rommencing at 11 a. m. at which Rev. Miirshim of the First Christian church of Kcn-selsIndiana will be the guest speaker. All are welcome. cr, Depositors Committee appointed. with Alma Van Wagonen as Chairman and Mark Anderson aa Secretary, with George II. Chaffin, Robert Mooreficld, Ralph Hayward, C. T. Kelgley, S. J. Jones. Harvey King, J. A. Owens. M. It. Straw and A. V. tVatklna aa members. (Mr. Anderson later resigned as Secretary and George H. Chaffin was made Chairman, with A. V. Watkins a Secretary. Loose retrreon group deed over all the property that they own to the Provo Commercial end Bank, or that a reerlvcr be apj pointed at once to their affaire. , . , If, the Loom further complicate Bav-ini- m already badly complicated tlon by borrowiag at this time few thoneand dollars mare thla property, the Dank will suffer a much greater Iom than will be raftered If the Bank can take Uicm properties over now crediting the Loom with the full amount of the agreed value. The Bank then can proceed to liquidate these properties la an orderly The Bank can he very way. llbral In appraising the value of IhcM psoperttea aad tha valae of these properties and the final result will etUl he a balance owing the Bank. "lVeaton G. Peterson should (Continued on Pago Two) . c First, due to tha tyt yean de- lay cauaed by tha Power company, it ban become nscsssniy to extend the maturity data, making tha amortisation period extend from 16 to 20 yean. Second, the occasion la being need to amend the ordinance also to make the bonds callable. Both theM addition are for; the benefit of Provo city, declaim ed Mayor Mark Andenon, ThursInstead ot the tint bond day. payment of 60,l0t coming in October 1919, the first payment will be throe years after the bonds are loaned, and then will he for . only 821,000 Instead of t9,099. Another Important Improve-moo- t ... : In that after the phut In built, and the franch 1m of the Utah Power and Light company has expired, wo will bo able to refinance at 1 per cent or concluded the mayor. Labor Not Opposed To Municipal Plant 1W f Utah Labor is definitely not opposed to municipal power state leaders in projects, despite reported action taken by out this week to a report given Salt Lake City, according by Stanley Cox, publicity chairman ' in favor of municip- that the Intent of the Union resolntion passed In Salt Lake City waa misinterpreted, the true meaning being that Labor waa opposed to the labor conditions which m often exist In municipal plants. Following the meeting of thq Utah Central Union held In the Provo Labor Temple Tuesday night, a delegation met with Mayor Mark Anderoon and the City commission, explaining to them the stand taken by the united labor goups of thla city, and made It plain to him that Labor la not opposed to the Provo City Municipal Power project. Mayor! Statement: Following the conference with the Labor delegation, Mayor mads tho following statement: We are pleased to know that the sentiment of the Labor unions In Provo to entirely different from the sentiment expressed in the Provo Herald. Snch sentiment did not represent the opinion of tho local labor groups and to contrary to the declared policy of the American Federation Labor. Mr. Cox states non-uni- Utah Labor News Asks Why It was with aatonlshmont folks throughout Utah read the daily newspapers a Story saying that 12 members, including Paul M. Peterson, of the Utah State Federation of Labor executive council hsd adopted a resolution opposing municipal power plants. Especially was this act of the state federation officials a particular surprise to members of all organised labor. Committee, over signatures of The state federation as well as t Chairman and Secretary, after A. F. L. have been on record for many years power plants. The Declaration of Principles tS the Constitution of tho Utah 8tats Federation of Labor, paragraph 12 reads: That all public utilities bn owned and controlled by state and municipalities, respectively. In the face of this constitutional provision a question arises as to what right have elected officials of the federation to discard a Declaration of Principle that has been placed in the Constitution by a majority of tho of the federation affiliates According to tha laws of tho federation It takes a majority veto of duly elected delegatee In convention assembled tq repeal, amend or enact any laws or declaration of principles. Tho federation convention meets the third Monday In Sept. Why then the rush of 12 to something that to the business of the convention to do. It looks like a complete soil out, a member of the A. F. L. remarked. Another said that It was no wonder thM to so little respect for the state federation when Its elected officers discard Its laws un-- l principles for their own personal opinions and gains. It looks Ilka a nigger In the woodpile." ally-owned de-cl- ae Steel Workers Support City Power Project Loral 1577 of the A. A. of L A, and T. W. of K. A. at a regular meeting of the Steel Workers' labor Union, adopted a resolntion to support the Munlripal Power Plant In Ita entirety. Yours truly, WILLIAM E. ZOBELL, Proa, DAVID REESE, Ha. Sctffc It .2 |