Leadership

PROPOSED MUNICIPAL OWNERSHIP OF WATER WORKS PLANTS.

Issue 16 and Volume 24.

PROPOSED MUNICIPAL OWNERSHIP OF WATER WORKS PLANTS. MR. Grout, president of the borough of Brooklyn, proposes that New York city should own the small water works plants furnishing water to some of the boroughs. The proposition is a serious one, and before consummation will require a complete and convincing report, based upon unquestionable testimony obtained from critical examination of the tangible values of these plants. The recent unfortunate experience of the late city of Brooklyn, in its efforts to purchase the property and franchises of the Long Island Water Supply Company, furnishing water to the Twenty-sixth ward of the borough of Brooklyn, is fresh in the minds of many taxpayers. The start was made to purchase it for $1,200,000; but a prominent citizen by a court injunction prevented the transaction from being consummated. A commission was appointed to appraise its value, which was determined to be $570,000. The company refused…

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