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Show 'KLtXTHIC POWER PLANT. (Continued from page 1.) power would encourage It m use rn i:MiiufactuiliiK and pumping purpo llefore the company decided upon constructing con-structing the plant It would secure contracts for the use of light and power so as to know about what In ! come might bo expected so that no chances would be taken. It looks to us a If it wan a good proportion, and that the stockholders would be safe In voting the bond. Of course It would not lie the expectation expec-tation to Hell $100,000 bonds at once. Probably $:!0.000 would be sold at once to take care of the debt. Then as money was needed for work on the dam more bonds would be sold, lie-fore lie-fore that time the company ould know just hat proportion of the vt penao it would have to meet. Then they would know whether It would Inadvisable In-advisable to build an electric power plant. It Is extremely unlikely that the entire amount would be needed, for these several purposes. The company hus a level-headed board of directors and the stockholders can safely vote a bond Untie of $100,000, trusting that whatever amount In needed will be wisely expended. |
