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A New Reservoir

is needed to supply the city with water, and plans for the work have already been perfected, but it is not at all likely that the City Council, with a depleted treasury staring them in the face, and a financial panic almost at our doors, will undertake a work of such magnitude at this particular time. $100,000 cannot be obtained by the asking, nor is it at all likely that it can be raised in any way short of a great sacrifice of public funds.--When quiet is restored, the work will certainly be commenced.

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