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<br />70 <br /> <br />TUESDAY <br /> <br />Si~P!.'Ejj.3ER 25, 1956 <br /> <br />gas in Martinsville, that you warned us t112.t such losses were inevitable during <br />a change-over period, th,t you have invested substantial amomts of stockholders <br />monies in extendbg l7'cains and facilities in order to better serve the people of <br />Hartinsvi lle, nevertheless the fact remains the enrmns's for t[le past five yec's <br />have not been good. <br /> <br />We enjo'cd your visit to Richman,' on J2TlUary 19th ancj 2ere always glad to discuss <br />with Y'u ma tter:3 rclatin; to:)outhwestern \Jirg~Lnicl Ga3 Co:cpcmy, hocaus e, as you <br />knorr, we mm over 80% o.C the bonds of the. t company, a,3 well as all of the bonds <br />of Southwestern Virginia Gas Trimsmission Comparr::r. ';'J11cn your pl2rlS for issuing <br />new securities have..:rystalizel and if you think the above points can be solved <br />to our satisfact.Lon, Vie 'liould be gled to discuss your finar:cin;:-; plans with you. <br /> <br />Very sincerely yours, <br /> <br />John B. Siegel, Jr. /s/ <br />Vic e President <br /> <br />ILl'. J. D. Renfroe appeared before Council 2..nd reque"ted Derm.sSlon to extend the City's <br /> <br />water main from thlJ intersection of Clarke Road and Old Danviller~oad some six hundr'ed <br /> <br />feet to his property on ehe Old Danville Road. Mr. Renfroe explained that he would not <br /> <br />consid.er it actually as an extension rut TIBrely as a 18iJeral; hO\iyever, Council denied <br /> <br />such request on the crounds thcct it would not comply vri-Lh )l'ovisions of the City's <br /> <br />Subc~i vision Ordinance. <br /> <br />Hepresenktives of local movie exhibitors again 2,ppeare~ befere Connci 1 and renewed <br /> <br />their request for e limin'.tion of the local admission tax as al)plLcable to theaters. <br /> <br />Council took no action other than to indicate further consideration at its forthcoming <br /> <br />October 9th meeting. <br /> <br />In reviewing details of his recent study of erIT}-) loyee Lr,:.vel a1101;1a,nc es, C-.Lty L:anager <br /> <br />Hirst indicated that this clatter would be given his attention in his proposed 1957 -5[3 budget. <br />