Evening Republican, Volume 16, Number 168, Rensselaer, Jasper County, 15 July 1912 — SQUABBLE OVER WATER RATE IS SETTLED. [ARTICLE]

SQUABBLE OVER WATER RATE IS SETTLED.

Council Agrees to $l5O as Minimum Rato —Contract Seat for Approval 22 of Company’s Attorney. •. A special meeting of the city council was held Friday night and after considerable deliberation and discussion Is was decided to accept the offer of the United States Match Company and to the watermain to the corporation line at the city’s expense. This* was-.done on the consideration that the match factory people put'tip 11,200 foi> carrying tjie watermain from the corporation line to the factory addition. The eastern terminus of the watermain is at the J. C. Gwin property and the cost of extending the main from there to the factory would involve the expenditure of about $2,500. The'match factory people previously tried to Secure the premise of the city council to defray the entire expense of this extension but at their last meeting here thag. expressed their willingness to deposit $1,200 in a local bank to assure the fulfillment of their part of the contract should the city council decide to extend the' main to the corporation line.

The council also accepted the proposition of the match factory company, agreeing- to furnish them water at the minimum cost of $l5O per year, they to use the water for a .time not less than five years. ■ - The match factory company agrees to deposit" $5,000 in a Renseslaer bank for the payment of all outstanding indebtedness at once, to pay for,the debts on the building, the installation of machinery and the starting of the factory. These terms were agreed to by John O’Shaughnessy, attorney for the match factory company, on his last visit here. It looks now that "The starting of the factory is /nearer than ever before and by making this last move the city council has bridged practically the only chasm, so far as it is concerned, between it and the match factory people, that would prevent the ultimate completion of the factory. The members of the city council have^much- confidence in Hugo Kohn and believe that he means business. This belief is well founded because of the fact that they are willing to deposit money in a local bank .to assure the payment of all* outstanding indebtedness and the carrying of the watermain from the corporation line to the factory addition. The match factory people Were not represented at the meeting Friday night but City Attorney Leopold was instructed to send the contract to Chicago for the approval of Mr. O’Sbaughnessy. . Now it is up to the company to show something besides talk. Let theSF prove that they mean business by having the factory in operation by September at least.