Rensselaer Republican, Volume 28, Number 15, Rensselaer, Jasper County, 12 December 1895 — To Buy the Light Plant. [ARTICLE]

To Buy the Light Plant.

The Town Hoard devoted most of th*ur session, Monday night, to iscussing the proj- c*. to buy the* light | plant. The General Klectrc Com- : pany is selling ail its light plants, and i now offers to the uWn for $12,000 I the plant which cost full S3O 000 and now at a conservative appraisal is worth $21,000. It is now paying a clear profit above all expenses, of 2,400 per year.. The town, is now paying $l4O per month for street lights, and must soon pay more, to be ad< quately lighted. Tli» pr< fl’s of the plant together with what th<? t6wn wills have-to pay for its light will pay for the plant in five years, interest aud ..principal. Before the town board can m-*ke the purchase, it is necessary to have a petition signed by a majority of the free holders of the town. Such petitions are now being circulated. T he Republican, which has n< ver yet favored or opposed any public enterprise on other grounds than the greatest good for the greatest number, heartily favors this movement.