V
TITTO OMAHA SUNDAY BEE: MARCH 12, 1916.
10 A
Bonded Warehouses
housed. It ia necessary that the congress
Tfce Faeettoai (m Palpamaa.
t'nlted plates and the republic of ran
mi la establishing bonded werehouee
In the canal terminal cities. The subject
he been discussed at recent meetings of
the Panama Chamber of Commerce and
It la believed that an active campaign to
further the project will anon be atarted.
The national assembly of Panama, ha
already passed the nereaaarr legislation
authorlslnf the ennntruction of the ware
of the United Ptate alao pas auch a
measure.
The merchant point out that with the
opening of the permanent channel In the
ranal tha business pportunltlea In Cen
tral and South America, will be vaatly In
creased and that In consequence storage
facllltlea on the Isthmus wilt be greatly
needed.
With most of ns the grim necessity of
purchasing coal Is no Joke. Yet a Boston
TTian found at a coal emporium In thnt
city a chap who managed to Infuse a de
gree of facetlousness Into the trensac-
'""low much Is rheatmit coal?" timidly
Inquired the prospective cuatomer.
'That depend," eald the salesman. A
K carte II I S. ciil-de-aac. It will coat
you M centa extra." Kver body's Mega
Inc. MEMBERSHIP COMMITTEE, COMMERCIAL CLUB OF OMAnA (snapped with Gov
ernor Carlson of Colorado) Back row, left to right: J. M. Gillan, M. S. McFayden,
Harry Steel, J. M. Harding, H. C. Hoel, J. R. Hyland, E. H. Benner, Robert H. Manley,
Allan Tukey. Second row, left to right: J.T. Dysart, H. 0. Wilhelm, Governor Carlson,
Miss Lena Bellman, L. V. Nicholas, C. L. Sykes. Bottom row, left to right: W. S.,Byrne,
N. T. Thorson, J. T. McGuckin.
For Canal Zone
(Correspondence of th Associated Fresa )
PANAMA. Feb. 14.Effort are being
fna1s by merrhante of Panama and
Colon to Intereat tha governments of the
From The Fremont Herald, Fremont, Neb., Friday, March 10, 1916.
8 JL&JLr p0 j
by Almert. the expert. The loaaa are
XPERT ALiulERT PROV
In black figure In the right nana
column:
1M5 F.'ertrlc I! i ?2
114 Klectrln 19.308.1
115 Klectrlc 6.03.73
Total LOSS
$29,984.33
MUNICIPAL
113 Water 1.R!S4
1I4 Water .9S.S
IfilSWater 2,927.19-
Proflta
.393.3
l P
S
.,A
MM A
FAILURE
xhaustive Henort Shows That Lieht and Hater
w
Plant Has Run Behind $42,131.05, and
That Gash Overdraft Aug. 1
Has $8,365.27
t
IM1Y PAGES OF REPORT SUGGESTING SAVING METHODS
IRISH LAND BIG CONTRACTS
Mr. Kedmond Eeei to It that Some
of the riumi Fall to Hii
Country.
FAEJiEHS NEEDED IN THE FIELDS
SrrTth" jrrdln COAL SOARS HIGH IN 1 1 ALT
tha atatlattca given by tha head of tha
agricultural department. Ireland actually pj.jce jjag Reached AlmOlt Prohibi-
importa an annual averse oi ib.ivu.vw
tive Figtire Now of Forty
Dollars a Ton.
BEYOND BEACH OF THE POOB
(Correspondence of the Aaeoclaied Preaa.)
DUBLIN. Ireland, Oct. 1. Ireland la
now at work on a large acale In the man
ufacture of munltlona of war.
For aeveral yeare pat thora haa been
only one large Irlah factory of war ma
terial. Kynoch'a, In County Wlcklow. It
la an off-ahoot of the Birmingham firm
of which Arthur Chamberlain, brother of
the famoua Engllati etateeman, waa tha
head. But tha neceealtlea of the war have
In Ireland, aa In England, turned other
tradea Into tha munltlona bualnesa. When
tha demand waa made In Great Britain
for a great extenalon of tha manufacture
of all aorta of war materlala, Mr. Red
mond aaw to It that Ireland ahould have
a aha re In the echeme. Repreaentatlvea
of Mr. Lloyd George' new department
came over to Ireland and got into touch
with the leading bualnesa man In Dublin
and throughout the country. The Dublin
Chamber of Comerce gave actWa aaalat
ance and formed a apeolal munition
committee. .' '. j"' -
Tha work la now well In hand, and no
leaa than 10 flrma in'lretand are engaged
In It Large ordera hav been placed In
Dublin, and one firm haa got an order
for 10,000 pound, a email figure-on aha
general acale of thla war, but a good
deat of money for a city where employ
ment la acarce and Induatry backward.
Mr. Lloyd George haa eatabllahed In Dub'
lln a branch oflce which U axpected to
Inaure not only the execution of war eon'
tract, but a continuance of governmeht
work after tha war. A central araenal la
being conatructed and equipped with ape
clal machinery. Every available machine
la being preaaed Into the aervlce, even
thoae uaed in tha City of Dublin Tech
nlcal achoola for the training of pupil.
Tha employee at the new work are to
be divided Into five rlaaaea, ekllled and
unakllled men. aktlled and uuaklllej
women and auxtllarlea who will work a
time when the regular hand are rest
Ing, aa at week end. .Employment la not
to be restricted to men outakle military
age, -the Idea being that the munitions
worker la aa, useful as the soldier.
" Several Cltlea Baay.
TieUaat. whose main activity In the war
Interest haa been the Increase in the out
put of shipping from ita famoua yards,
haa alao gone eertoualy Into tha munl
tlona business. Cork and Limerick, and
vea some of the smaller towna through
out the country are also employing all
the machinery they ran command In
making sheila or part of ahella.
Munitions are not the only branch of
war trade of which Ireland haa demanded
and received ahare. Some of tha textile
factorlea have had good ordera for cloth
ing materlala. Ireland never haa In tha
past aecured a fair aha re of government
expenditure, and at the beginning of tha
waa waa greatly hampered In competing
for contract by the fact that the depots
for examining and receiving goods were
In London. Agitation, however, led
to tha establishment of a dvpot in Dub
lin, where certain claaaea of gooda of
Irish manufacture are dealt with. But
there are atlll restrictions limiting the
clacHea of good, and an effort I being
made to widen the utility of the depot by
admitting to it all tha gooda produced in
Ireland which are required for military
and other government aervlce.
Kood Necessity.
Ireland chief industry is and must
remain agriculture, and one of tha moat
Indispensable of war munltlona i food.
A vigorous campaign haa been instituted
under government auspices to increase
the output of food product la Ireland.
It Used to be told that I la function was
to t the fruitful mother of flock and
. herd. Now tha cry la all for tillage
The difficulty la that the graxlng ranch
system which belongs to the old theory
has nut been abolished, and the people
have not complete access to Che. land. '
They arc puzxled by the two voices with
which they arc addressed on their duty
in the war. On the one hand they are
told that it 1 the duty of the farmera to
enlist, that tha state haa done a good
deal for the Irish farmer and that his
time ha com to ahow hi gratitude by
l,ouidring a rifle la the new armies.
Continent ia freely made on the fact that
the farmera and the farmera' sons have
not enlisted in the same proportion
other vlawea. The complaint is true aa
regard farracra of all rU of Ireland
and of all parties and creeds. It is true
of Knglish farmers a well, ilut now
(here li .t!;e 0 w .campaign for increased
fu..d pruductii.il which cannot Ui worked
If the nun leave the land for the armies.
Ko the recruiting sergeant nud the gov
ernment agriculturalist are gutting In
each other's wsy.
That there ia room for a considerable
pounds worth of foodstuffa which could
easily be replaced hy home grown articles.
He ha pointed out that If Germany had
tilled aa little of Ita aoll aa Ireland It
would have been exhausted In alx months.
Germenv tills 65 ter cent of It arable
land, whereas, he aava Ireland tills only (Correspondence of the Associated Press )
14. The Inevitable topic of the American ROME, Nov. .-Coal la 40 a ton In
exchange and the balance of trade crop Italy, and continue to aoar. It w-ent up
lit .v.n .nrf lh. Irth larmee is HO a ton IH On ween. inu "
nn!M to hT tha a vilciiltura minister a aeriou. ana migni nevoine
L.i. h. .r ik. ,iiu.l war factor, ao far aa itaiy ia concern".
" I .... . ...
by Importing lea American food, and oai is me lunoa.nema.
producing more of hla own.
Harvard Men Setting
Fashion in Trenches
Italian Induatry and commerce, moving
tha railway, running the factorlea and
keeping up such public utllltlea a elec-
trlo light and power plants, go ana
water work. treet rallwaya and tram
way, aa well a for household heating
and cooking, not only In Rome, but all
over Italy.
Such a phenomenal rtee In tha price or
coal ha never before been known. To
Italy the shortage I crlou chiefly be
cause Italy possesses no coal mlnos of
The Plant Has Cost (he Taxpayers 5627,062.20, and Replacable Valuation
Is Fixed by the Expert at $477,099-1 5 Accounts Receivable
Show Miserable Collection Service, the Amount of Out
standing Bills Due Having Nearly Doubled in
Two Years Merchandise Ac
count Shows Loss of
$10,000.00
(Correspondence of The Associated Press.)
PONT-A-MOUBSON. Franca, Feb. 29
The clean ahaven American motor am
bulance drivers, moatly Harvard men.
who have ahared In the operatlona around ita own at home or In the African colo
the Bol le Petre for nearly a year, have nlo,, , there la no outlook for getting a
set a fashion In Pont-a-Mouaaon. Tha auDDly except from abroad, and tha for-
"Muaelpontains, a the . inhabitant of tlgn supply I In the hand of the enemy
this old Lorraine town are- called, have 0r taxed to It utmost capacity for it
purchased raaoni and atren the soldiers own need. While there wa no war itaiy
resting here between two turna In the I needed no coal field of ita owto, aa tha
trenches go, back beardltis In honor of French and Belgian field war near at
1 1. . . t , I . .... . i vWkMAh mmI fields
uie Amtrritune. - , i nanu . w now r iiw
The garage of the section of lh Amer- 0f Fa d Calal and thoa of Belgium
lcaa amhulnnoe oDeratlna1 here la located have caaaed Into control of Germany,
at Dlculouard where occurred one of
the bloody engagement of the battle of
Nancy.Thcre were only three car at the
beginning, but they have been Increased
to twenty-five, running every hour of
the twenty-four when there la an action
tho ally of Aualrla, with whom Italy I
at war. similarly Auatrta aireicnea aa
a barrier between the Polish coal field
and Italy. So that about tho only supply
left for Italy 1 England, where tne
Welsh coal field are hardly equal to tn
on. When there's nothing doing at" the demand of England own factorlea and
front, three car are kept ready at the
relief poat for emergencies;, and the otlt-
era In the garag ready for one of tho
systematic, bombardment of Pont-a-
Mouaaon.
"The American will have a good place
In the history of "Pont-a-Mousson," aaid
a French officer of tha division, "ao that
later on when our children realise It they
may know they ahould perpetuate the
gratitude we owe to them." ;
Many vlcllma of the IMO-ard moro of
shelling the town haa endured owe their
Uvea to the aid of the. American, ambu
lance drlvera. ..,)..
The general commanding the division
The "bunk" which the board of of pub
Ho worka of the city of Fremont haa been
handing out to the people in the paat
three annual report haa been proven a
meaa of Ilea Through Ita official organ,
tha Fremont Tribune. It I today con
gratulating Itself on the splendid show
ing which the expert auditor, Harold Al
mert, of Chicago, submitted to the city
council la Monday night
The contention of thla newspaper that
the city light and water plant haa been
run at a lose the paat three, year I
. 3T
fully proven by the cold flgurea of the!
audltor'a report, and Its charge of aev
eral years ago' that the plant haa never
made a dollar of profit la alao proven.
The Herald la now going to give the
official statement as set forth, not only
by tho board of publlo works, but by
tha auditor' report Itself, and the peo
ple may Judgo for themaelvea whether or
not The Herald haa been telling the
truth, or whether the board of publlo
work ha deliberately lied to them. Hero
are tho figure taken from the state
ment of the board of public works of
the PROFITS made by the plant for the
laat threo years:
For the yearlng ending--July
SL 'la-Electric IM.&fci.Bl
Water 8,3K.23
July SI, "li-Klectrlc E!..H7.83
Water 7,782.62
July SL '15 Electric 7,757.08
Water 64.75
Total claimed profits. S yrs $73,174.08
Here are the net profit or loaaee
for the aame period of time, as reported
Tear ending August 1, . .
A8SET8
Physical Property. .Electric
4 Water
stores and Supplies
Accounts Receivable......
City of Fremont
City of Fremont
DEFICIT
navy, and It nearby all. France, with
out also supplying Italy' need. And so
coal ia mounting W torn time ago; tne,
$10. then $15. then 20. $25. $30, and now
140 a ton.
People no longer buy coal by th ton,
but by the bag, and a bag of coal which
can be awung over th ahouldcr costs .
This means, of course, that poor people
can no longer buy coal and can no longer
keep warm, except aa the mild Italian
climate may help them. But the climate
doea .not help the railways and lactones,
and industrial Italy la the worst sufferer
from coal shortage and exceaalve price.
There has even been talk, since Italy
Is not at war with Germany, of getting
CASH OVERDRAWN ,
. 'lectrlo
Water
..(bills due from customers)..
Light (1)
Skater (1)
jL'GHT
VATKR
LIGHT AND ' WATEr!
.LIGHT
WATER
Total ..' $821,293.40
1913 1914 1915
$243,162.99 $250,732.45 $274,655.98
179,979.34 194,983.60 202.443.17
11,255.18 12,371.40 11,678.86
2,190.38 1,332.53 1,356.37
12.223.47 16,847.23 23,090.71
136,189.99 146, 159. 6U " 156.349.16
191,990.00 197,877.00 203,665.50
.' 1,097.U
41,034.01
4.V&24.HS .t .
822,906.18 v 864,264.91 915.371.80
1,612.78 lfc,4uo.t4
$821,293.40 $851,504.07 $907,006.33
Nf:T I.OS8 $11,890.96
In other worda, there la a discrepancy
of $!4,7.,i.04 In the board of publi:
worka' atatementa. they having accept. I
aa true and correct the report of the
auditor, and the dlacrepancy la male up
as follows;
Total profits according to
hoard of public work $73. 174. 0
Net loas. according to expert'a
report :i,530.H
Total $94.75.0t
A slight difference, Indeed. Thtw fea
ture of the atatement simply shows the
woeful deficiency In bookkeeping meth
ods at the city plant.
What stands out boldly and Incontro
rtihl Ik (ha accented report of the
expert, showing a net Ions for the plant
the paat year of $21,590.96.
The city light and water plant la a fin
ancial failure. Fy the report or tne
board of public works, which have been
quoted by advocntea of municipal own
ership all over this country It haa been
made to appear that the Fremont muni
cipal plant Is a gigantic aucceaa. Now
that an expert haa completed the labors
of six months, and his report haa been
duly accepted, and hailed with delight
by the Fremont board of puduc worn.
it Is shown to be a failure from tne
profit viewpoint. Further, the report oi
the expert shows that the riant has
never made a dollar in its existence, and
that there Is no prospect for it ao dolnc
until a radical change haa been made In
It method and It management.
On thla page ia printed the complete
halanee aheet of Expert Almert. To those
who have me iainiesv mwnics"
keeping it will be easily understood. To
those who do not understand the methods
v.i.k.nir. ha Tlnrald has enaeav-
W.w.v v,.... - - -
ored to throw light on tne ngurca oy
various reference thereto.
The report of Mr. Almert ta Incorpor
ated In a volume of 180 pages. It would
be Impossible to set forth all the fea
tures of the report In this Issue of the
Herald, but It will continue from week
to week to further enlighten the publio
which Is now showing the greatest inter
est in the subject
It took ten pages of the report for Mr.
Almert to tell the board of public works
things that would be helpful In correcting
the error heretofore made. Thirteen
page are given up to classification of
aaeauztt. and two f those pages sug
gest a condition which hould be cor-,
rected by the board pesdlly. Ten pagea
are given over to an exhibit of errora
mad by the bookkeeper of the plant.
Pagea 74 to 91 I given over to errora
which were found on cuatomera' ledgers,
and this would be very interesting read
ing matter were the headings of the ae-,
counts given by nam, Instead of by num
ber, for the mistakes, so-called, will read
ily Indicate who seemingly profited by
the' blunders. Then there are pagea of
detail of inventory, followed by the re
ports of earnings and losses, and the bal
nea sheet which appear herein.
nil.
LIABILITIES
Notes Payable and Warrants
City of Fremont
City of Fremont
Accounts Payable
Taxes Accrued
recognised their work officially In the trom Germany, and for the possible
following citation: .,rhnn of soma other artlclea of mu-
"Sanllary section No. S of tho American tual nt.e(1, importing coal from Japan is
ambulance. Composed of volunteers, I ftlB0 being considered, but the tranapor
frlend of our country, they, all of them, tatlon coat la so great that Japanese coal
have not ceased to make Jhemselvea would probably not bring th price down
noticed for their enthusiasm, courage and much in Italy. Wood a a substitute Is
seal. Careless of danger, they have out of th Question, for Italy'a tree and
worked without reaplte to rescue our timber supply Is practically exhausted.
wounded, whose gratitude and friendship
they have won." Signed: 'The General
Commanding.''
The relations of the Americana with
the French officer are excellent and In
Pont-a-Mousson they are "adopted cltl-
acna."
CHINESE SMACK PAYS
and even bunchee of twlga and fagot
have become a luxury at high price.
The leading hotel at Rom have poated
a notice atatlng that owing to the high
orice of coal the Aaaoclatlon of Hotel
Keeper ha agreed to.charg each guet
1 lira (20 centa) per day for th hotel
expense for coal. Thla la In the large
rrr and Important hotela known to Amerl-
I . i a.tel. p.niltr.mnt haB
Official!; Aldfrsisa Collects Mar.
rlaae Coat from Pretty
Celeatlal Bride.
Unbilled Installation Work
uepreciauon Accrued. . .
Oepreclatloa Accrued....".
Misc. Acer. Liabilities
Surplus ..........
.Light (3)
.Water (3)
.Light and Water....,
Electric 2)
Water (2) ,
, i.ieut .
. . .iW ater
Total Liabilities.
.$ 5.621.18 $ 5.621.18 $ 11,646.7:1
. 253.727.74 263.549.99 273.540.55
. 339.476.12 346.403.37 353.521 25
271.34 4,451.04 15,941.38
. 65,925.65 C5.929.65 75.265.88
. 55,037.25 63,145.58 03,262.24
1,000.00
. 46,865.87 57,925.14 09,436.05
. 37,066.34 40,481.40 44,367.05
. 23.0)
. 16,302.91 3,996.72
.$821,293.40 $851,504.07 $907,006.5 S
(1) Those amouats represent service rendered to other municipal departments by water and light department,
ui nui-u uu ayocuic payment nas Deen niaae.
(2) These amounts represent funds raised by taxes specifically levied for the use of municipal water and ligl't
UOJ4BI 11U9UIB .
(3) These amounts represent cost to taxpayers for water and light plant, excepting specific tax levies covered
yj uum 4i suu suojeci 10 reauction oy amounts indicated by note (1).
INCOME, OPERATING EXPENSES AND FIXED CHARGES
ELECTRIC DIVISION
Foo King Luck wanted a quiet wedd'ng,
o ah and the brIJegroom. Ulnn Kan Ixu.
stole out of Chinatown and were united
in the holy bonda In the office of Kly
Rosenberg, a lswycr of M Itioatway,
New York.
The ceremony waa performed by Alder
man laaao Outman in the presence of
about firty of Chlnatown'a notablea. The
bride waa attended by her aunt. Fung
Hhee, while the witnesses were Emanuel
Cohen and Chuc Glnn. goo Blng Luck
wore a heavy brocaded light blue gown
ornamented with large, embroidered
dragons. She aald ahe waa 19 yeara old.
born In Fan Framiaco and of 41 Mott
street, (linn San Ixu, who Is one of the
lent known mcnhnnU of Chinatown,
gave lils aito aa 30, and ad. led t!it he.
too, was born In Hun Framiaco.
After tl 6 ceremony had been performed
the bridegroom turned to Mr. Uutman and
arked hla fee.
"A ktsa from th bride,", replied the
alJermun.
Jlnu Kea Lou looked at her. Soo Bins
Luck almply puckered up her lip for an
answer and Outman collected hi toil.
The bride, who 1 exceedingly pretty,
went to live at $3 Mott street lit hand
some apartments which tlinn Han Loi
Jut furnished. New York 8un.
ever before prevailed. A family of five
thua paye $30 extra per month for Ita
share of the hotel a coal.
American coal ahlppera have been urged
to enter the Italian f eld. But acar-ity
of ahlpa and the high coat of transporta
tiondue to the dangera of coal aa con
traband of war are aaid to stand in the
way of relief from that quarter. o that
one of the effeita of the European war
ta to make the high price of coal a vital
queatlon for Italy, and the absence of
any apparent remedy ia even a more
serious question.
Key to the HI nation Ik-e Want Ad.
Tail la (ilad.
BOSTON.- March 11. Former' li..l.l.,
Taft, aieaking ou the Monroe doctrine at
at cllnnri' of the I'nilariun club tonight,
.aid ha u glad a aufficint lorce of the
l i.iird feinu-s troops waa being sent afltr
Villa.
Year Ending
Gross Income from Opera
tlon
Operating Expen
Generating Expenses .
Distribution Expenses . .
Consumption Expenses...
Commercial Expenses . . .
General Expenses
Total Operating Expenses
Gross Profit from Opera
tion Other Revenue merchan
dise, appliance, etc.
Loss
$24,159.18
6,883.16
900.00
3.582.74
3.007.97
-July 1913-
-July 1914-
-July. 1915-
$51,168.14
$56,915.67
$66,555.11
REGARDLESS OF THE WAR
IMPROVEMENTS GOING ON
(Corrcapondence of The Associated Preaa.)
PARI 8. rb. The transformation of
old Paris are not to be arrested by war.
The president of the republic haa Just
decreed the widening of the rue ValoU
and the tue Croix dos Prtita Champs in
the l'liit Arrondisarmcnt. to give mor)
air to the Bank of France.
Part of the old rue dea Bona Knfanta
and all of the rue Balliif will disappear
under thla decree to give room for the
extension of the bank. A new atreet will
unite the rue Valoia and the rue Croix
des Pettta Champa beginning in th rue
du Louvre at the Bourse d Commerce,
and running to the eaat arcadea or the
Palais Itoyal to give a better outlet to
the circulation from the central market
toward the Place do Op-ra.
The cutting of the new street at that
pflnt Involve the diaappcaram-e of the
chancellory of Orleans, an important
artistic and historic relic ol old Paris.
but the contract with the Bank of France
reulrea the revonatitutlon In the facade
of its new extension of all the part of
the old structure that have a historical
or artistic Interest - - ....
Net Income
Fixed Charge
Depreciation $10,703.42
Taxes 2,748.02 '
Interest on floating debt 7,372.84
Total Fixed Charges....
Net Loss
$38,533.05
$12,635.09
4,306.10
$ 8.238.90
$20,823.28
12,.Vt.3H
$29,025.60
7,(,::j.f7
853.31
3,845.03
3.364.76
$11,063.27
2.892.05
6,926,13
$44,722.49
$12,193. IS
S,J 17.02
$ 8.575.25
$20,881.45
91 2,8041. 19
$31,990.89
7,123.58
903.30
2,733.76
3,990.15
$46,741.0':
$18,813.66
2,418.13
$16,400.53
$11,506.91
3,488.74
6.496.64
121.494. 2J
9 3,O03.7U
WATER DEPARTMENT
Year Ending:
Gross Inc. from Oper...t
Operating Exp.
Pumping Expenses ,,...$ 4,4 00.65
-July 1913-
ri..4 C-..-...
Commercial Expense , ,
General Expenses
Total Operating
398.77
691.41
896,88
Gross Profit from Oper.
Other Revenue
I Net Income . . .
Fixed Charges
Depreciation . .
Taxes
Int. on floating debt....
Total Fixed Charges....
$
3.36S.54
2.000.80
4,337.36
Nst Profit
$19,345.44
$ 6,387.71
$12,957.73
241.51
$13,199.21
9.696.70
$ 1.602.51
-July 1914-
6,201.90
601.79
620.00
1.050.80
3.416.06
2.317.55
4.609.70
$20,428.06
$ 8,274.49
$I2,153.r,7
153.37
$12,306.94
$10.343.31
$ 1.963.63
-July, 1915-
4.521.15
1.012.04
611.25
1,185.87
$21,076.8
$ 7,330.3
$13, 746. r,
184
3.855.65
2,687.29
4.460.59
$13,930.7
$11,003.53
$2,127.1!)
date, the enor
and that the
Is H77,0.1S.
nercnanniso .ie
llvlslon S10.42I.2j
- l. - a . ! (1
That Th Popl Kay Know.
Observe that the plant ha cost tha
taxpayers of Fremont to date, the enor-
mm. of SS27.062.20. and that tne
coat to replace the plant
Note the loaa In the merchandise
pertment pf the electric div
In three years' time: borne
royal benefit in this account, and the
taxpayers are paying for it!
Look at the bill receivable account
bills due the city for light and water
service rendered, in 1913 the amount
owing on thla account waa 112,223.47, the
next year it w-a Increaaed to l,84i.l3
and for the year ending July 31, 1915,
the outstanding sum of J23.0OO.71, which
practically 26 per cent of the total
annual revenue of the plant!
And how much of the 13,090.71 la col
lectible? The expert haa no knowledge. -
lie waa unacquainted with local condi
tions. Ita had. no way of determining
whether 10 per cent or SO per cent waa
collectible. It la safe to aasume that a
large part of th outatandlng bill tail
never be collected. There' an Item which
some day will have to be charged up to
loaa account.
The plant haa overdrawn Its cred'.t
with the city to tho amount of JS.SGi.lT
In cash, and yet Jt haa 123.000 of accounts
with which to help out the cash drawer.
Lovely management! And outstanding
warrants drawing good interest, U'.
Beautiful management!
If you were overdrawn at the bur.k
for fS.OfO. and had JJ 000 or hills due you.
would the bank "call" your overdial
You'll guess yes.
Member Peter Nelson, of the board of
public worka, tried to ascertain from the
expert how soon the board could br-tU
even. lie Inquired:
Just one more word, Mr. Hamilton:
the plant muat make up approximately
tW.000 before It gets even. Is that It?
Mr. Hamilton said: "$?l,Ono represents
the deficit for the last three yeara."
"What I am trying to get at," said Mr.
Nelson, "you figure six per cent on the
ItOo.OOO present value and then add the
taxes?"
"Yes, air."
"That would be approximately 130.000."
aaid Mr. Nelson.
"Yes, but you have to make up that
deficit that you started out with first,
which would be approximately $42,000."
"You figure the present value at ttoo.fuO
and alx per cent on that."
"Yes."
"And we have a deficit every year?"
inquired Mr. Nelson.
Yea." aaid Mr. Hamilton. "The lat
year being the amallcM ef the aurl.t.
IL'.COO."
"If we have to pay I30.0C0 before we are
even, that ia a pretty big handicap. It
takes a mighty good business to do that,"
said Mr. Nelson, and he might have
added, it takea mighty good business ni'.a
to do 1U Advertisement. . . ,
