Today in history: Reed City rejects light plant offer
May 19, 1921 The village council last evening rejected the proposal of E.J. Haynes of Cadillac to sell the Osceola Light and Power Co., to the village for $40,000. The council did not assume that the figure asked was out of proportion to the possible value of the property but wishes to get an expert appraisal by an engineer before deciding on Mr. Haynes' offer. Since the dam went out in March the company says it has been operating the steam auxiliary system at a big loss. It is estimated that rebuilding the dam will cost many thousands and the company is not willing to finance the work. A tem...
Source: cadillacnews.com