Show r. r WILL IT PAY I should look at Taxpayers this electric light proposition just as they look at any other business venture Do not allow al low the alarmist to scare you to death crying bonds Toh To h bond boud is simply to borrow and when of borrow every everyone one you 1 you see that it is to your advantage advantage ad- ad vantage t to d do so Stud Study thesey these I and if there y figures a little see is is not some merit in the proposition pro pro- pr proposition owner owner- position of municipal ship They are simple and easy to understand It costs the people of this city over each year for oil Practically every dollar of this amount goes out of town With a city electric light plant and lights I furnished at the low rate of pf 25 cents each per month that would for 1200 laOO pay for one year and in lights s 1 addition to that the city could l light the t e str streets ets with the without additional f Same plant without Cost ost Now what would the do for the city will win pay the year yearly y interest on the bonds and 1000 0 will pay the running expenses ses of the plant That leaves 2000 2000 each ach year to be applied fund which rp to a sinking would meet the bond issue in I six years Add two more Jil years and the entire plant pl plant ant It will be paid for without one i dollars dollar's cost to to the taxpayers increased taxes by way of l They are getting better I lights th than n they are getting I now getting the city lighted free of charge and the exy ex- ex I f. f y penne is met by the 25 cent I p per r month they pay for a 16 power candlepower electric light Any increase iu in in the number r wf of lamps used used and and ISoo 1800 is a ai i t small mall number for this town when furnished at such a low l price price mean that much profit added to the city's income r. r because the same plant will furnish h a n greater number of lights Their he by furnishing g power r mf ft 5 r J e l t J t r for machinery the plant I would be capable of still greater earning power I This proposition is not like bonding for a school house where principle and interest must come out of the taxes for in this case THE l iLANT LANT EARNS ITSELF and will become a source of revenue to the city in the future and thereby tend to REDUCE TAXES instead of RAISING RAISING RAISING RAIS RAIS- ING them |