JERSEY CITY’S WATER CONTRACT.

JERSEY CITY’S WATER CONTRACT.

It looks very much as if the East Jersey Water Company would after all secure the contract for the supply of Jersey City with water. The Inman syndicate, behind which Allan L. McDermott stands, for reasons at which it is impossible even to guess, offered to contract to supply 75,000,000 gallons of water daily, instead of the 50,000,000 proposed, for $11,000,000—$4,000,000 more than the next highest bid which however, is only for the less amount of water. But, since there seemed a doubt as to whether the Inman syndicate could deliver the goods—in other words get an undisputed title to any watershed, the probablities are all in favor of the East Jersey Company obtaining it. All bids are ‘ff at present, as Mayor Hoos refuses to enter upon any contract exceeding $6.000,000—for 50,000,000 gallons. The Jersey city debt is about $18,000,000, and when the water deals are made, the debt will, it is said, reach about $28,000,000.

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