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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
The Mobile Item
Location
Mobile, Alabama, United States of America
Date
Aug 06, 1915
Page
4
An Alabama pledge to exempt a power company from taxes for ten years is defended as a sacred contract. The letter argues repudiating the promise would ruin investor confidence, harm Alabama bonds, and undermine the state’s honor and credit.
The Alabama Power Company argues the state must honor its ten year tax exemption pledge to spur hydro electric development. It cites local jobs, Alabama suppliers, and investments in Lock 12 and regional lines while warning repudiation would deter future capital and hurt Alabama.
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