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\ Mr. Edward C. Henwick -3- November 23, 1951 2. Public acceptance of the higher rates would be greatly enh awnacteedr asc omitpsa nyo paenrda tion would be viewed as more a part of the city. Compan3.y woDuule d tho avteh e deifsisnuiet eo f fbionnadnsc iaaln d obsltiogcakst,i ontsh e toWater meeaertn,i ngsT heasned croeutludr nb er equusierde de.f feActt ivtehel yp rase sepnoti nttiinmge wtio th practically no financial structures, as that is normally looked upon, there is nothing that can be pointed to in Esveettni nogn utph e tohep ene aarcncionugn tr,e qnuoi reimnetnetrse sto f ist hpea iWda.ter Company. the waWtheerr e cotmhep ansyi tbueactoimoen iexnitsetrsm,i ngilne dw hwiicthh thteh e fupnadrse ntof company, it lays the parent company open to criticism. pIoti nits oton lyt hne ecdeisnsnaerry w ofrork inthges n c>hfa mtphleo rtn*o p ofc omtphae nyp ubalnid c ittso wcarteeart urceo mptoa nyc reisa teb eiinng tbhle emdi nfdosr otfh e tbhee nepufbilti co f thtahte btiheg corporation. If the banking is done locally and all d ol­lars are accounted for and reported to the Commission, tthhiosu ghs itthuea tisoecnu wriitlile si n arlea rhgee ldm eabsyu rteh e bUe nicolnea rPaecdi fuipc,. even with 4f.a vorT heo nR etgheu lacthaonrgye ,C omsminicses ioitn wpilalcle sl oaolkl nootp eroantliyo ns under its control, but likewise it will take credit for wbirtihn gitnhge ptahre tych ainng ec oanbtoruotl. is Inno ta stot atbee wdhiesrreeg aprodleidt,i catlh eirnefluence should be indirect benefits that would follow any such merger. The net result should be the eventual obtaining of mrienaismounamb lcoes tesa.rnings and with service to the public at pany w5.i ll Dubee iton ai mpbreotvteedr paonds itrieoasno ntoable earnings the com­a lo(caa) l pFuibnlaincc e ofafnedr irnagi.se additional capital through on s(ab)l e.Command a higher price for the properties and (rc)e ceWivoer ka ourte asa onlaebalsee aigncroemeem enftr omw itthh e tphre opceirttyi es if such should be desired.