Jasper County Democrat, Volume 15, Number 28, Rensselaer, Jasper County, 10 July 1912 — Match Factory People Want Water Mains Extended. [ARTICLE]

Match Factory People Want Water Mains Extended.

President Sterling and'vAttorney O’Shaunessy of the match factory were before the council and wanted to make some arrangements to have water mains extended to the factory building, and the council verbally agreed that If the factory people would pay off all existing indebtedness against the factory, ,put up a good bond to use water a certain number'of years at an agreed minimum meter rate of 5 cents per 1000 gallons, the city would extend the mains to the corporation lime, some 1,500 feet at a cost of $1,200 to $1,500, and the factory people to carry the mains on from there to the factory building at their own expense and they to own the main, but the city have the option of purchasing the extension at any time at actual cost. The factory people agreed to all this except the minimum rate, which they thought too high, and another meeting to have been held yesterday morning at 8:30, when it was expected the mayor would be present. Mayor Meyer’s not returning home, however, the meeting was not held. In view of the many broken promises of the factory people the council is rightly looking with a good deal of suspicion on any propositions its promoters make, and they will do well to refrain from spending one cent of the city’s money® unless they are secured beyond all question of doubt. If an agreement is reached it should be made in tlje form of an iron-clad contract providing for a bond that cannot be evaded in case of failure of the factory people to comply with their part of the agreement. We’ve had enough of the Purtelle variety of “bonds,” and its time to get something good—actual 1 cash is best—before letting loose of any more money to promoters.