The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-04-09
Special sIeeting OF tho CITY oouncil.
Council, CHAMBER,
COLUMBIA, 8. O., April 3. 1874.

Il
Lowndee. Mitchell, Carroll, Young,
Taylor. Carr. Williams, Griffin, Hoge,
Cooper and Thompson. Absent-Alder-
man Carpenter.
The Mayor stated that this was an
adjourned meeting, to hear the report of
the Finance Committee. The Mayor
also stated that he had communication
from the Columbia Water Power Com
papy, which was read by the Clerk, ask
ing payment OF amounts due by decree
Of court in the suit decided by the deci-
sion OF the Supreme Court.
Alderman Cooper asked to hear from
J. d. Tradewell, City Attorney, who WAS
present.
Mr.. Tradewell spoke, advising thut
the city take such steps as they could to
meet the demands Of the court. He
thought the Columbia Wuter Power
Company might be taxed upon their
capital stock, but great expense might
incur in litigation. He had entered pro.
perty or stocks as $500. 0CO, which he
thought might be taxed.
Alderman Hoge asked Of the City At
torney if q anundamuS could bs applied
for to levy special tax to pay the Co
lumbia Water Power Company their
done, but it would be doubtful if the
court would grant it; but it could and
might be granted. The court would not
be apt to levy general tax. but water
rentals m -st be eet aside to pay the CO.
lumbia Water Power Company, com
posed OF the two Spragues and Colonel
Pearce. The Sprngues, according to
newspaper reports, are about to be put
into bankruptcy. but he did not think
this ought to delay the payment; but
when formal notice is given them, the
city could stop payment and pay tho
assiguecs. Alderman Hoge stated that
he had an interview with Colonel Paurce
He did not want to embarrass the C0un-
Gil, If he could be treated right. He
suggested thai Colonel Pearce be called
upon to appear before the board, and to
make the best possible adjustment; and
finally wound UP by motion. which
was adopted, that committee OF five,
with the Mayor as chairman, be APP
pointed TO confer with Colonel Pearce,
on Monday next. On his motion, the
City Treasurer was requested to report,
on Monday next, all moneys received
and disburscd to date. Adopted.
communication from Melton *
Clark, AS to the water power, was re-
ferred to q special committee. The
Mayor appointed Aldermen Hoge, Car
roll, Taylor and Cooper rs the commit
tee.
On motion, the committee were in
structed to meet at IL o'clock on Mon
day, the 9Th of April.
On motiongof AldefnaA Taylor, the
Clerk WAS Instructed to furnish state
meut Of the floating debt of the city.
The Clerk presented a report as to
bonds sold and on haud. Received as
information.
Alderman Hoge called up the bill Of
the counsel in the Columbia Water
Power Company case, and moved to
take the bill out of the hands of the
committee. He also made motion,
that each firm be paid $500, aud no
moro. Adopted.
Alderman Carroll moved 70 amend
und insert 81 600, instead Of $780, Lost.
Alderman Hoge aiso moved to pay the
City Attorney $500 Tor his extra services
in this case. Adopted.
City Attorney J. D. Tradewoll gave
his thanks.
On motion OF Alderman Cooper,
Council went into secret session
CHAS. BAkNUM, City Clerk.
Council CHAMBER.
COLUMBIA. S. c., April 4. 1874.
Council met ut 7.30 Z. NJ. Present
His Honor the Mayor, and Aldermen
Thompson, Lowndes, Mitchell. Carroll,
Hoge, Yonng. Taylor, Carr, Williams,
Griffin and Cooper. Absent-Aiderman
Carpenter.
The Mayor stated that lie had called
the meeting to henr the report Of the
special committee who were appointed
to confer with Col. Pearce, in regard to
the payment OF the claim Of the Oolum.
bia Water Power Company, who had
got a judgment against the city.
Alderman Hoge, from tho special
committee, presented tho following re-
port, ana asked Of the Finance Com mmit-
| tee as to their interview with the Presi-
dent Of the South Carolina Bank and
Trust Company:
The committee net a. IL \. NJ. Col.
Pearcc stated his Judgment WAS $l3, 3J5
to February Il, 1878; amount due to
date, S.. 600; total amount due, S2l ,335.
The committee recommend the taking
up of the judgment, paying one half
cash, and give note, ct thirty days.
endorsed by the South Carolina Bank
and Trust Company, at l1a per cent. in.
terest for the balance due, less the Co
lumbia Water Power Company's aud
.