I
t
THTJRSDAY. AUGUST 4, 1932.
FLATTSjKOUTH SEMI -WEEKLY JOTTBNAL
PAGE THRZ3
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-r
s
J
i
TThe Plattsmouth Journal
PUBLISHED SEMI-WEEKLY AT PLATTSMOUTH, NEBRASKA
Entered at Postoffice, Plattsmouth, Neb., aa second-class mail matter
R. A. BATES, Publisher
SUBSCRIPTION PRICE $2.00 A YEAR IN FIRST POSTAL ZONE
Subscribers living in Second Postal Zone, $2.50 per year. Beyond
600 miles, 13.00 per year. Rate to Canada and foreign countries,
93.50 per year. All subscriptions are payable strictly in advance.
All Europe wants is to settle the
debt question without settling the
debt.
:o:
Will Queen Cotton's ascendancy
in fashions raise King Cotton in
popular esteem in the South?
:o:
If Europe is too poor to pay cash,
maybe &hs could pay in armament,
.".h- seems able to get plenty of that.
:o:
If all the candidates are as bad
as they are painted by their oppon
ents this country is in a heluvaflx.
:o:
Thing3 aren't so bad as they might
be. Just imagine that instead of a
wheat rurplus we had too much spin
ach. :o:
But Just think how you will en
Joy telling your grandchildren how
rich you might have been if you had
bought stocks In 1932.
:o:
"Who is my neighbor? Is it the
fellow who sends me a mess of green
beans with hi3 compliments, or is it
the fellow who borrows my lawn'j
mower.
:o:
The revolution in Siam leaves only
three absolute monarchs in the
world tho king of Abyssinia, the
emir of Afghanistan and the king-
fish of Louisiana.
- :o:
A barber shop in a nearby town,
located in the basement under a fail
ed bank. Is the coolest spot in town.
The owner advertises his shop is
"constantly cooled by frozen assets."
:o:
The Mexican government has for
bidden drunkards to marry. The
theory of marrying a man to reform
him meets with even more skepticism
In Mexico than in other localities.
:o:
If your pet dog starts barking at
the sky during the eclipse of the
sun August 31, New Englander3 are
told in a news story, notify the Bos
ton Society of Natural History. If
that doesn't work, try kicking him
in the slats.
:o:
Our government's reasonable suc
cess in protecting our reading public
from the influences of Parisian maga
zines and postcards has encouraged
the French according to a Paris dis
patch, to adopt a similar watchful
ness against movie film3 imported
from Hollywood.
:o:
Sales of penny candies have held
up well recently, probably because
there 13 no way to make such goodie3
last longer. At any rate, the sale
last year of more than 5,000,000,000
pieces in the United States testifies
that Young America i3 sticking
steadfastly by its colors.
:o:
Let's hope France never hears of
some of the comic publications which
emanate from our institutions of
higher learning from time to time
during the school year. We should
hate to hare a break in international
relations traced to one of the car
toons in the Missouri Show-Me or
the Kansas Sour Owl.
:o:
A Minnesota cow has recently been
recorded as averaging fifty quarts of
milk a day for a year a3 much as
nine ordinary cows. Here is one dairy
trust the Sherman Antitrust Act
cannot touch. Moreover, such con
solidation of production "machin
fry," If adopted generally, should
make it Just nine times as easy to
drive the cows to pasture.
We are distributors for the famous
Rock of Ages granite. Largest stock :
and lowest prices. Drive over to our
plant, southeast corner of Square. ;
(Elenwccd (Qranlte Vorlis
Glenweed, Iowa
j
SELECTED THE BATTLE LINE
From the Magazine of Wall street
comes the statement, editorially,
that the democratic platform has a
great advantage over the republican
document in that it is brief, and
amazingly clear cut.
"We suspect that millions will
read it," the editor declares, "where
thousands read the republican declar
ation." Then follows a conclusion, sound
ly reasoned and of the greatest im
portance, which has been generally
overlooked in these early days. "The
result will be that the campaign will
be fought cut on the democratic
rather than the republican program."
There is an advantage in that. No
strategist should permit his enemies
to map out the battle line along
which the struggle shall be waged.
The democrats failed in 1920, again
in 1924, and still a third time in 1928
by permitting the republican party
to dictate the battle ground. The
resolutions committee, of which Sen
ator Gilbert M. Hitchcock of Nebras-
- a v as cttairm
(jcL vaa mail man, oaw luai ticau;
nnvt llnAvlw
and was determined it should not
happen again. The individual mem
bers of the subcommittee, who in
the main drew the platform, are to
be congratulated and commended for
taking the offensive instead of wag
ing a defensive battle. As the party
out of power in all but the cam
paign of 11:20, the democrats were
in the position to do what was done
at Chicago.
Senator Hitchcock and his asso
ciates put it up squarely to the re
publicans. By drawing a straight
issue between stifling protection and
a common sense readjustment of the
tariff downward, between self con
tained and world trade, on veteran
relief, on unemployment, on the
farm, and on every other issue of
the day, they have forced the repub
licans to meet them on the field
which democracy chose. Lincoln
Star.
:o:
GOOD NEWS
Commodity prices have been on
the upgrade since May 28, and the
advance, it is estimated, has added
a billion dollars to the nation's buy
ing power. While agricultural prod
ucts have shown the greatest buoy
ancy, other commodities have joined
in the climb, such as wool, silk, hides
silver, lumber and oil. Government
officials have refrained from com
mentine on the situation, but the
impression is said to prevail among
them that a definite turn in business
and industry has been started.
There are heartening develop
ments, scattered over a wide area,
which in the aggregate justify a
hopeful outlook. From Detroit comes
the prize item, that eight thousand
men have returned to work at the
Hudson Motor company's plant. Or
ders have been pouring into New
England's textile mills, hat and shoe
factories and Jewelry shops, and in
Lawrence, Mass., two thousand ter
tile workers are back on the Job. An
engineering plant in Cleveland, O.,
has been operating for several weeks
at full blast on a 24-hour-day sched
ule, and news of the same .kind
come3 from various towns in Illinois
and New Jersey.
Perhaps the late Dwight Morrow
hit it off correctly when he said the
depression would be over six months
before anybody knew it. St. Louis
Post-Dispatch.
:o:
Journal Want-Ads get results!
DEVELOPMENTS IN
BUSINESS HOPEFUL
Ordinarily, one does not expect
the hottest and dullest period of the
year, the dog days, to bring positive
signs of business recovery. But the
current month of this year of grace
bids fair to prove itself a notable ex
ception to the rule. For from var
ious parts of the United States heart
ening reports have been coming to
research agencies, leading banks and
conservative organs of trade and in
dustry.
No one can doubt that psycho
logically there has been a signifi
cant change in the world of busi
ness. Manufacturers, merchants,
bankers, farmers and labor leaders
are voicing sentiments and opinions
of a quality not heard previously in
many months. There is general ex
pectation of a decided upward trend
in the near future. In not a few in
stances, employers have proved the
reality of their confidence by ex
panding operations, opening factor
ies that had been closed for weeks
and re-employing idle labor. The in
crease in the prices of important
basic commodities tells a story That
extremely cheering. The increase
last week in car leadings is a symp
tom not to be misinterpreted. Move
ment of merchantable commodities is
a reliable trade barometer.
Adjournment of congress has re
lieved the business elements of a
source of anxiety that bred increas
ing pessimism as one dangerous
measure after another came up for
serious consideration and received
strong support from moonstruck
lawmakers. Old world raids upon
American gold have ceased and fur
ther disturbance from that quarter
is pracTk-ally impossible. Indeed
there has been a complete subsidence
of every menace to the American
standard of values. The new spirit in
Europe as exemplified by the Lau
sanne reparations agreement noias
out promise of restored amity on that
continent. The national administra
tion's relief and construction meas
ures are building confidnce in a
brighter future. The liquid condi
tion of the banks and the reopen
ing of a considerable number of
banking houses that were forced to
close earlier in the year because of
the vague alarm of depositors af
forded proof that the abnormal strain
upon the country's financial insti
tutions has passed. Numerous other
factors combine with those here
enumerated to develop a better feel
ing, which is one of the chief fac
tors in, bringing back normal busi
ness conditions.
Better times are ahead. The grow
ing conviction that this is so con
stitutes an additional guaranty of
the coming change. Chicago News.
:o:
AMERICANS PAY THEIR BILLS
Troof that the American people
are honest and that only an infin
itesimal percentage of thme have
any desire to defraud others or to
avoid paying their debts is contain
ed in the department of commerce's
recently published surveys of the re
tail credit situation.
While the bad debt loss in 306
representative 6tores in twenty-five
cities increased two-tenths of 1 per
cent in the July-to-December period
of 1931 over the same months in
1930, customers on the whole con
tinued to meet their obligations.
Some may have waited a month or
two before sending in checks for the
amount owed, but the bills have
been paid. Largely this slowness of
collections has been because families
could not immediately accustom
themselves to lower buying Bcales
The income of many was reduced
sharply, not only through reduction
of salaries, but because of dividend
reductions, while interest and other
costs kept up. But it was not until
several months later that the aver
age family in such a position real
ized that it must fit its purchases
to its pocketbook.
Notwithstanding unemploy m e n t
and losses, the bad debt loss for the
last six months of last year was
only nine-tenths of 1 per cent on all
open credit or charge accounts. That
is a very small loss, indeed, and one
which almost any store can absorb.
The survey points out that if the bad
debt loss percentage is figured on a
basis of total sales, rather than
charge accounts alone, the loss would
be only .4 4 per cent of the same
period.
The loss from fraudulent buying
that is, purchases by those who
intend to avoid payment was only
02 per cent.
Besides being honest, the average
American is industrious, and that is
why, given a chance, he will soon
recover from the economic disturb
ance through which the country has
been passing. From the Louisville
Courier-Journal.
:o:
"See It before you Duy it."
IT'S TIME TO WAKE UP
What gaineth a man if the cost
of supporting himself and family
costs but $30 a month and he has
but 50 cents to his name?
And is looking for a job and can't
find one?
The people of this country right
now today are facing a serious
situation that calls for common
sense.
Let's forget about psychology and
economics and readjustment and all
the other much-talked of things
And use common sense.
In every city, town and hamlet in
the land people are trying to tell
each ether what our country needs
But you know and I know that
what the people of the United States
need most of all Just now is com
mon sense.
If you are a shoemaker and the
furniture worker the weaver the
hatter the machinists the miner
And the producer of a hundred
other commodities you should buy
during the year stop buying the
shoes you make.
And by so doing throw you out of
work.
How are you going to get the
money to buy the things they pro
duce?
You've got to help consume what
the other fellow produces and he
must help to consume what you pro- ine llir,e "mitea tor tne presenta
tion of claims against said estate is
UUee. I fl, T,lQ ti i.'ittio f rirn O r 1, ,1-, r. f
a pound of cure and the way to pre-
vent a still greater industrial break-
, . . .
down in the near future is to Buy
what tne otner ieilow produces ana
start doing it today.
The excuse of high prices
faded away.
has
The cut price advertisement of
reputable merchants fill me pages of
the daily newspapers.
All can help don't say all this
sound
good but I'll just hang on
to my money and let the other fel
low spend his.
Buy now put your shoulder to
the wheel, for industry is but a big
wheel.
And when it revolves easily and
without Etrain it grinds out pros-
perity and prosperity means happi-lview
rhAtrfni hnmps and rnntontod
iamuies.
Impress this on your mind you
who are working and hoarding your
rr,r.n a r hmin n i in the
.
ions iun n conamons Bei -.rt,e u
they will if hoarding continues
you also will be thrown out of gain-
ful employment and will feel the
pinch of adversity.
It s time to wake up buy now
and buy all you can that prosperity
may again reign in the land we love.
Charles T. Johnstone.
:o:
ROOSEVELT AND FARMERS
If the leaders of the republican
party have been sustaining them
selves with any lingering hope that
the democratic candidate would not
nffo- nil TnaVn l).o n-oct an i tt. r,r.rt n t, t
oaiuegrouna in me campaign, iney
have been disabused of this delusion
by the acceptance speech of Governor
Roosevelt. The drama and novelty
of the candidate's appearance before
the convention may have obscured
the significance of the declaration,
but no more sympathetic and forth
right address to the agricultural
population of the country has been
made by a presidential candidate
since the farm problem began its
present phase 12 years ago.
What Governor Roosevelt did was
to identify the farmer particularly
as the "forgotten man" of American
economic policy. He demonstrated
that he is one easterner at least who
has appreciated the fundamental im
portance of the agricultural section
rf t Vk notion urnn TiPrroivoc that
me iuu.nr, .iiiuL uC
prosperous wnile nearly naif tne
people, directly or indirectly depend-
cut r fho cnil nrp RiifFertnp- frnm I
. . , . . , . ,
me uiav.nixiiuin.iuu ui m uumir
system.
He went far forward in outlin-
ing the principles of a solution.
iuere is nrsi oi an io ue lann r-
vision to bring the protection of
rw1 - - MS i . . . .mm I
farminc into line with that of indus-
a ""'
arter the false method or the smoot-
Hawley tariff, but by a downward
scallnp- nf ratps which ar tnn hierh
and which bear unfairly on the rural
industry. He promises thereby to ac-
complish two results to reopen the
mnrV-ota r,f tVQ vnrM tn Amoriran
rarm surplus, tnus stimulating crop
prices, and to bring down nonagrl-
cultural nrices. thus reducine costs
of production. St. Paul Pi0neer
I
:o: I
In view of the growine tendency
to barter farm products for town
cuiumuuiwes, we may expect, 10 see i
this fall the rural woodlot owner
wending homeward with a stock of
groceries and a bill receipted, "Paid
in fuel."
Al Capone is playing first base on
the Atlanta prison ball club, and we
often wonder how long the game is
held up when AI is called out, or an
opposing runner is called safe at irt.
Mr. Capone's appeals usually use up
a good deal of time. Of course, the
umpire may be only human, and per-
haps always calls Al safe, and the
runners out
:o:-
You are in stvle these davs. if vnu
tave a rad5o in imagine
crashing into a ditch, your feet
thrown through the windshield, and,
in a semiconscious condition, to hear
some crooner sing "Life Is Just a
Bowl of Cherries."
:o:
FOR SALE New Seed Rye, 50c per
bushel. John Rice, Cedar Creek.
al-tfw
NOTICE TO CREDITORS
The State of Nebraska, Cass coun
ty, ss.
In the County Court.
In the matter of the estate of Chris
tina Rummel. deceased.
To the creditors of said estate:
You are hereby notified, that I
will sit at the County Court room in
Plattsmouth, in said county, on the
2Cth day cf August. 1932. and on the
2Sth day of November, 1932, at 10
o'clock a. ni., each day, to receive and
examine all claims asrainst said es-
hate, with a view to their adjustment
and allowance.
I. ai j i iijvu ins x J lui: d j i ii lid i jl
August. A. D. 1932 and the time lim-
ited for payment of debts is one year
fm said 26th .lay of August, 1932.
Witness my hand and the seal of
pai(, County Court this 29th day of
July, 1932.
II. DUXBURY.
County Judge.
(Seal) al-3w
NOTICE TO CREDITORS
The State of Nebraska, Cass coun
ty, ss.
In the County Court.
In the matter of the estate of John
F. Gorder, deceased
To the creditors of said estate:
You are hereby notified, that I
will sit at the County Court room in
Plattsmouth, in said county, cn the
19th day of August. A. D. 1932 and
on the 21st day of November, A. D.
1922, at ten o'clock in the forenoon
of each day to receive and examine
:11 claims against said estate, with a
to their adjustment and allow-
ance. The time limited for the pre-
I sentation of claims against said es-
tate jg three raontn3 frnn, the iSth
day of August. A. D. 1932. and the
time limited for payment of debts is
one year from said 19th day of
I Aucrust. 1932
witness my hand and the seal of
Said County Court this 22nd day of
July, 1932.
IL DUXBURY.
(Seal) J25-3w
County Judge
ORDER OF HEARING
and Notice on Petition for Set
tlement of Account.
In the County Court of Cass coun
ty, Nebraska
State of Nebraska, Cass county, ss.
To all persons interested in the es
tate of Robert Willis, deceased:
On reading the petition of Owen
Willis praying a final settlement and
allowance of his account filed in this
Court on the 21st day of July, 1932
nd for final assignment of the resi-
" "? UL CSLBie, ai.U lur Ills U1S
Jt is hereby ordered that vou and
all persons interested in said mat
ter may, and do appear at the County
uourt to ue nem in ana ior saiu coun
ty. on the 19th day of August, A. D
1932, at ten o'clock a. m., to show
cause, if any there be, why the pray
er of the petitioner should not be
granted, and that notice of the pen
deney of said petition and the hear
ing thereof be given to all persons in
terested in said matter by publishing
a copv of this order in the Platts
mouth Journal, a semi-weekly news
paper printed in said county, for three
successive weeks prior to said day of
hearing.
In witness whereof. I have here
unto set my hand and the seal of said
Court this 21st day of July, A. D,
1932.
A. H. DUXBURY.
(Seal) j25-3w County Judge.
ORDER OF HEARING AND NO
TICE OF PROBATE OF WILL
Jn thp County Court of Casg CQUn.
ty Nebraska.
State of Nebraska, County of Cass,
an iicjnuua iij ici teieu in iue cb
tate of Don C. Rhoden, deceased:
On reading the petition of Kelly J.
Rhoden praying that the instrument
' , 1 l"T ,vT
Mast will and testament of the said
deceased, may be proved and allowed
J , m o
and recorded as the last will and tes
that said instrument be admitted to
nrflhate and th administration of
-said estate be granted to Aleck D.
Rhoden, as Executor;
&n personfJ ln'terested in 8aid matter
niayt ana do. appear at the County
Court to be held in and for said coun
tT, On the 26th day Of AUgUSt, A. D.
,f there b wh the
er of the petitioner should not be
granted, and that notice of the pen
dency of said petition and that the
Cull W 1UIV4 DM. J MT "
lishing a copy of this Order in the
Plattsmouth Journal, a semi-weekly
newspaper printed in said county for
day Qj hearing
Witness my hand, and the seal of
said Court, this 27th day of July, A.
D. 1932.
A. II. DUXBURY,
County Judge.
(Seal) al-3w
NOTICE OF ELECTION
To the Legal Electors of the Village
of Greenwood, Nebraska:
Notice is hereby given that pursu
ant to the action of the Village Board
at a regular meeting held on the 28th
day of June. 1932, for the purpose of
submitting to the legal voters of the
illage of Greenwood, Nebraska, the
question of whether or not the Vil
lage should sell its electric distribu
tion Ej'item and transmission line to
the Iowa-Nebraska Light & Power
Company and in accordance with said
action of the Village Board and pur
suant to the authority fixed in me
as Chairman of the Village Board of
the Village of Greenwood, Nebraska,
yu are hereby notified that said elec
tirn has this day been called to be
held on the 8th day of November,
1932, in said village at regular poll
ing places.
You are hereby notified that said
election will be held on said date and
the polls will be open at S o'clock a.
m. and will be closed at 8 o'clock p.
m., at which time and place the ques
tion of whether or not the Village
shall sell its electric distribution sys
tem and transmission line to the
Iowa-Nebraska Light and Power
Ceimpany will be voted upon and
question will be printed in full upon
said ballot, together with all terms
and conditions thereof. The ballots
to be used in said election, for said
purpose will be in substantially the
following form:
NOTICE TO VOTERS: For an af
firmative vote upon the following
que-stion, mark a cross (X) in the
square after the word "Yes." For a
negative vote, mark a similar cross
after the word "No."
Shall the following Public
Measure be Adopted?
YES n
NO
Shall the Village of Greendwood,
Nebraska. -sell its electric distribution
system and transmission line to the
Iowa-Nebraska Light and Power
Cc-mpany under the terms and con
ditions as specified in the following
memorandum of agreement, all in ac
cordance with the laws of the State
of Nebraska covering said sale?
Memorandum cf Agreement
IOWA-NEBRASKA LIGHT &
TOWER COMPANY
and
VILLAGE OF GREENWOOD,
NEBRASKA
This contract made and entered
Into this 2Sth day of June, 1932, by
and between Iowa-Nebraska Light
and Power Company, a corporation
(hereinafter called "Company") and
the Village of Greenwood. Nebraska,
a municipal corporation (hereinafter
called "Village"):
WITNESSETH: That whereas at a
regular meeting of the Village Board
held at the regular meeting place on
the 10;h day of May. 1932, (copy of
minutes of which are marked Exhibit
"G" and attached hereto and made a
part hereof) the Village of Green
wood. Nebraska, made an offer to sell
16 electric distribution system and
transmission line to Iowa-Nebraska
Light and Power Company for the
sum of Fifteen Thousand Dollars
($15,000.00) and, whereas Iowa-Ne
braska Light L- Power Company has
accepted said offer;
NOW THEREFORE, In considera
tion of the mutual covenants herein
contained the parties hereto agree as
follows:
SECTION I
Village hereby agrees to sell and
convey (subject to the approval of
the eleclors of the Village of Green
wood. Nebraska, under the require
ments of Initiated Law No. 324, Ses
sion Law of Nebraska, 1931) and
Company agrees to purchase the en
tire electric distribution system now
owned and operated by Grantor in
Greenwood, Nebraska, including all
poles, wires, crossarms, service con
nections, meters, street lights, trans
formers and approximately seven
miles of transmission line extending
from point of connection with prop
erties of Company adjacent to Waver
ly, Nebraska, to Greenwood, Nebras
ka. and all other equipment owned
and used by Grantor in connection
with the operation of said electric
distributing system and said trans
mission line under the terms and
conditions hereinafter specified.
SECTION II
Village hereby agrees, upon exe
cution of this agreement, to promptly
call a special election in conformity
with provisions and requirements of
Initiated Law No. 324, Session Laws
of Nebraska. 1931; submitting to the
electors of the Village of Greenwood,
Nebraska, the proposition of the sale
of its electric distribution system and
transmission line to Company. Upon
said election failing to authorize sale
of said property, this agreement shall
at once become null and void. How
ever, upon said election resulting fav
orably to sale of said property. Vil
lage hereby agrees to, at once deliver
possession and control of property to
Company and to immediately grant
unto Iowa-Nebraska Light and Power
Company, its successors and assigns,
a twenty-five (25) year electric fran
chise, copy of which, marked Exhibit
A", is attached hereto and made a
part hereof and to adopt rate ordin
ance, marked Exhibit "F", attached
hereto and made a part hereof, regu
lating rates to be charged by Com
pany for electric service rendered to
consumers within the Village of
Greenwood, Nebraska.
Village further agrees, upon said
election resulting favorably to the
sale of said property, to at once exe
cute with the Company, street light
ing and water pumping contracts for
a term of five (5) years. Copies of
which contracts, marked Exhibit "B"
and "C," respectively, are attached
hereto and made a part hereof.
Village further agrees, upon said
election resulting favorably to sale of
said property, to at once execute bill
of sale conveying title to said electric
distribution system and transmission
line to Company, copy of which,
marked Exhibit "D", is attached here
to and made a part hereof.
SECTION III
For and in consideration of the
foregoing. Company agrees to pay to
Village for the aforementioned elec
tric distribution system and trans-
Lumber Sewing
Commercial sawing from
your own logs lumber cut
to your specifications.
We have ready cut dimen
sion lumber and sheeting for
sale at low prices.
NEBRASKA BASKET FACTOXY
mission line the sum of $15,000.00,
payable as follows:
Upon the election authorizing the
sale of above mentioned distribution
system and transmission line result
ing favorably to sale of said property.
Company hereby agrees to assume full
payment of principal and interest of
outstanding bonds of the Village of
Greenwood. Nebraska, as follows:
$3,000.00 Greenwood water ex
tension bonds dated July 1st,
1925, numbered serially from
one (1) to six (C), inclusive,
bearing interest at the rate of
payable semi-annually on
January 1st and July 1st of each,
year. Due and payable July 1st,
1945. but optional after July
1st, 1935;
$12,000.00 of Greenwood wat
er bonds dated July 1st, 1925,
numbered serially from nineteen
(19) to forty-two (42). inclu
sive and bearing interest at the
rate of 46, payable semi
annually on January 1st and
July 1st of each year. Due and
payable July 1st, 1945, but op
tional after July 1st, 1930. All
of the bonds being in denomina
tions of $500.00 each, numbered
serially.
SECTION IV
Upon 6ald election authorizing sale
of aforesaid property resulting favor
ably to sale of said property. Com
pany acrees, for the purpose of re
tiring the bonds mentioned in Section
3 hereof, to at once deposit with the
Greenwood State Bank of Greenwood,
Nebraska, the sum of One Thousand
Dollars ($1,000.00). Said sum of One
Thousand Dollars ($1,000.00) to be
delivered to Village, by said Green
wood State Bank on the next bond In
terest date of above mentioned bonds,
whicn date is January 1st, 1933. On
this, date Village hereby agrees to
pay eaid sum of One Thousand Dol
lars ($1,000.00) to the Cass County
Treasurer for the retirement of two
(2) bonds of Five Hundred Dollars
($500.00) each, this sum to be the
first payment by Company hereunder.
Company further agrees to pay One
Thousand Dollars ($1,000.00) or
more on January 1st of each year
thereafter until above mentioned
bonds to the total amount of Fifteen
Thousand Dollars ($15,000.00) are
fully paid.
SECTION" V
Upon said election authorizing sale
of aforesaid property resulting favor
ably to sale of said property. Village
shall deposit bill of sale, franchise,
street lighting contract and water
numninc contract mentioned in Sec
tion 2 hereof, with the Greenwood
State Bank of Greenwood, Nebraska,
in accordance with terms of escrow
agreement marked Exhibit "E", at
tached hereto and made a part here
of. It Is further mutually agreed by
the parties hereto that when the wat
er bonds and water extension bonds
of the Village of Greenwood, describ
ed in Section 3 hereof, have been
fully paid, both the-principal and in
terest, by Company and said bonds
have been canceled and delivered to
Village, that above mentioned escrow
shall be released and the bill of sale,
franchise, street lighting contract and
water pumping contract delivered to
and become property of company.
SECTION VI
Company hereby agrees, upon as
suming control and operation of dis
tribution system and transmission
line as provided in Section 2 hereof,
to Immediately put into effect resi
dential and commercial lighting rates
and commercial power rate as speci
fied in rate ordinance, marked Exhibit
E", attached hereto and made a part
hereof.
Company further agrees upon as
suming control and operation of dis
tribution system and transmission
line to assume all liability incident to
and in connection with the operation
and use of said system and to main
tain said system in as good condition
as when received by Company from
Village, regular and ordinary depre
ciation excepted.
SECTION VII
Company further agrees to assume
a Ten Dollar ($10.00) deposit now
owing each electric consumer by Vil
lage, the total amount of which de
noeits it is mutually agreed is One
Thousand. Two Hundred and Eighty
Dollars ($1,280.00).
SECTION VIII
This contract shall inure to and be
binding upon the lessees, successors
and assigns of the parties hereto.
IN WITNESS WHEREOF, the par
ties hereto have executed this agree
ment on the day and year first above
written.
IOWA-NEBRASKA LIGHT
AND POWER COMPANY.
By L. R. KING,
President and Gen-
Witness: eral Manager.
W. R. McGeachin,
Contract Manager
VILLAGE OF GREEN
WOOD, NEBRASKA
By E. A. LANDON,
Chairman, Board
Witness: of Trustees.
L. C. Marvin,
Village Clerk.
E. A. LANDON,
Chairman, Board of Trustees
of the Village of Green
(Seal) wood, Nebraska.
We view with alarm the report
tiiat Andrew Mellon is likely to re
sign his post as ambassador to Great
Britain. A few years ago we
shouldn't hare worried, but right
now there are very few men rich
enough to take his place.
;o;
Journal WanUAda oost only
few cents and get real results I