Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-11-20
Meeting Of the Contractors AssocIa


meeting Of the Contractors AssOci4 alton
was held last night, Mr., Joseph Williams in the
chair and Henry Himber secretary. Messrs.
Samuel q. and Everett Wros we're elected menu
bers. sales Of District bonts were reported It
~ >. a PROPOSE ion il writing wss presented
y M lLley. Chairman OF the finance com
nlttee from another banking firm in Baltimore.
OuSTng 70 loan money on the MJst favorable
teTm-i referred % the committee.
Dir. LuCas related his experience in neg1t!-
atiHg some District bonds 81 tue Stock Ky
change. i few Gays $50 he had made sale At
60 and uICu Offering more yesterday for sale
tbvTe seemed C be combination among the
brokers u GeFr5ciste. he was told 70 wait
minute ava TIE broker slipped Out and gave
rvtlce 20 Tie other brokers that ne was Offering
thtU ioE safe. O1 biz return he was inform 81
thai they could not pay more than Is. Not sat
l~ne1 With tnls lie started ont TO sse what ne
could 90 elsewhere, and found none would offer
him % re Than -, snu some less than that Ia
finally concluded 20 borrow on coll 4tersl, aud
Suct-elec - nthl7S z raise AZ 8 = per cent.
Interest. Eg. Lucas here revived The o.d
IavCrIfe sub Ilcr OF his 10 memoirs zs Congress
70 aTir'pfiHte money 70 make up the losses OF
3lr. FINLEY said it would be a waste OF time
and Lsusy.
Mr., Lucas thought "a FeTentiy. and advocated
Ilt FFoItcl % Employ ING some legal gentleman
70 CEEW Up q memorial 20 Congress, setting
forth ST the Circumstances OF hOE they hal
been forced g - trs-re tbeIT ET 10 meet tae!r
payments for material AM labor, whereas il
tEey Laa been PAID OF n currency a. their con
tracts stipulated, they vOU'd not be IN the pre-
C2cdlleTt tlry nos LEI themselves, without a
Co! zr ter tEefT labor.
Dir. FlLiy said " was fr1praCtiCa5Ie. should
Congress Uu'.aTtske e. no this, every m2u, v0-
mar. end chic who tat bought ID strict bond
ana suffered any loss upon the same. could, by
TIE same reasoning. make the same demand.
Ire re-C. gtioD Wa adopted.
Nj Lucss moved the appointment 90 4 special
c1i-i-.t.ee 20 engage some legal gentleman IJI
tEe purpose named.
MT. H.uter opposed this course as foolish.
v hat &c they propose 20 u0y Go 70 Congress
and ask the government TO II Ike gOOi Their
Bium6uherg loses" n was the most Ridiculous
thing mag Isbie. The only thing they stood
the ghost Of a chance OF accOmPlishIn g was 70
get Con gEtsS 10 Increase the rate OF Interest On
the bonds they nov hold. He moved % recon
siGer me vote BY which the resolution was
adopted; carried.
Mr.. HmbeT then made motion 20 amend BIZ
pointing committee Of thee 70 draw uD 3
e. the bonds u cssU, and il this failed % ask Tor
an increase oI The rate Of interest.
nj. = = ueI amendments were voted do gvr
anl tie original molten 70 memgr.aIize Con
gEeS~ tsSen up and adopted.
TIE chair gave notice hat a. the next meet
iTg he NOUll make a motion IUr Tie reccuzit-
GRAFTON Of his vote.
The following was received from a Baltimore
ETl tlIC r-f5T-e 81 % -iIe committee on finance:
NAsEINGTuS, ID. C., Nov. 20, 1874.
u nc tCl'.r--.-s 4 5000 ron, Vast .gt5n PC
C-...sE-su- have $40 90, trustees funts
morrow ,Fri1sy OF next day, Saturday, on the
folio. tGE terms. Tor two, three or four months
~ The rate q 80 Ter cent on the Il at one half
Ter cent Ter month. Ter cent. per aunutn.
cur collateral 10 lie deposited In a resp0nsiO Die
saie deposit company, which Will be responsible
-. $50 Oh Llcro tC-mOrTOE u FrIIAy.
Adjourned.