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(COPY) u m m m & kcham ie Attorneys at Law 11 Portal Building las Vegas, Nevada September 17, 1949 las Vegas Svehlag B*vlew-Journal Las Vegas, Nevada Cemtlemems This refere-to the new® item set forth ia your issue of Priday, September-16, 1949j headlined”Lea Vegas m y buy-water system, Company, officials ip mood for sale,"purporting to report the result of & conference held last Thursday, September IS, The artiele is entirely misleading and is not only embarrassing to me but to the Las Vegas Land & Water Co, At the conference in question, someone asked the ques­tion, "Why doesn’t the City buy the land and Water Company?** I, as an individual, asked' the general question as to whether or not the city was interested in discussing the matter, and expressly stated that I had no authority to speak for the water company* One of the Commissloners present stated that the City would be interested if the price was right, Inreaarked that I had read in a paper some Months ago that one of the Land and Water Company officials had made seme kind of a statement relative to selling the water company, and one of the Commissioner# remarked that the official’s statement was only a general one and that no details hat ever been expressed, submitted, or discussed. Someone then questioned as to valuation of the Las Vegas Land and later Company, and someone else present, not I, stated that he had seen in a booklet where the Land and later Company was assessed at around #1,SCO,000,00, The book value of the utility company was not mentioned by any one. There was no plan or any discussion of a plan to name a special committee for the purpose of making an investigation of the feasibility of the prelect of buying the Land and Water Company, nor was there any statement that the company was prepared to send representatives for the purpose of exploring or discussing the matter# Since