Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-01


Merchants bank. Observation-Disclosures. 4,298 70
German-American bank. ....... 1890 90
S2S,59O Is
The report was accepted.
Bids for 500 cords of wood were opened "a
follows:
Griggs johnson & Rhodes. .S5 So
N, W. Fuel Company observation-disclosures 95
Constans Cleary. Observation-Disclosures. 90
Smith Lewis. ........................ B SO
On motion the bid of Griggs. johnson &
Rhodes was accepted.
Inspector Otis, from the committee on
finance, submitted report showing the con-
dition of the treasury. The report stated
that the committee had examined the ac-
counts of the treasurer from the time he
assumed the duties of the Office up to the
first of July, 1880, and had checked off and
credited him with warrants and coupons
paid by him to the amount of $107,656.
The aggregate sum received by the treasurer
from all sources was found to be $131, ,247,
and the balance in the treasury July 1st to
the credit of the board, after charging him
witt the same, was $23, $50.
Tee report recommended that the account
be approved, after which the vouchers will
be destroyed. The report speaks of the
financial matters Of the board as being kept
in careful and systematic manner, and
high compliment is paid to the treasurer.
The report here recommended the adoption
of resolution setting apart the sum Of
$4,000 from the tax collections of 1879 and
prior years, to construct the school in
the Third precinct of the Fourth ward. A
resolution accompanied the report to the
above effect. The report stated that no of
fers had been received from the banks re-
garding the custody of the funds, and the
committee recommended that they be de-
posted in the Merchants National bank.
The last clause in the report relating to
the disposition of funds created an animated
discussion, and the msjority of the board
were in favor of accepting interest at the
rate of per cent. from the bank that gave
the best security.
Inspector Donnelly thought the banks
should be treated fairly, and spoke highly of
Dawson & Co.'s house.
Secretary Rice submitted the following
resolution: That the committee on finance
be instructed to select and recommend to
the board depository that will allow per
cent. per annum on daily balances, and ad-
vance to the board such sums as 1t may
from time to time require at a rate of inter-
est not exceeding z per cent. per annum.
The resolution was accepted as an amend
ment to the committees report and adopted
by a vote of six to three.
The resolution authorizing the setting
apart of $13, 900 for the construction of the
school building in the Fourth ward and the
River school, was put aud adopted. Itspects
or Abbott, from the committee on property,
reported that Messrs. Dowling & Ely were
the lowest bidders for the Fourth ward
school building, but that question had
arisen as to the quality of bricks.
Inspector Otis also stated that the bonds
had not been sufficiently examined, and
discussion ensued as to the responsibility of
the contractors. It was also reported that
Mr.. Underhill, contractor for the addition to
the River school, had put in a request for
5000 more on the contract. Inspector Otis
said that as the board knew that Wilkin 81
Remer were responsible men, and as they
were the next lowest bidder, that the con-
tract be awarded to them.
The committee were allowed q week fur
ther to consider the first matter, and they
were authorized to receive new bids for the
River addition.
The condition of the schools were reported
upon, and number of small repairs recon-
mended. The committee were authorized to
make the necessary repairs.
The committee on finance were instructed
to destroy all cancelled coupons.
On motion of Inspector Otis, the commit
tee on property were instructed to interview
the two lowest bidders for the Fourth ward
school, to ascertain the difference in cost of
red and white brick.
The following was submitted by In
spector Donnelly:
Resolred, That the secretary be authorized to
cause the publication of all advertisements re-
lating to the public schools and school prop
ertv st. Paul in the daily Volszeitung.
Inspector Otis was opposed to having the
notices printed in any but the official paper.
On motion the resolution was adopted.
The usual grist of monthly bills were SUBJ
mitted and allowed. A bill from the st.
Paul Book and Stationery Company was laid
over until the next meeting. The pay rolls
for July were examined and approved.
On motion the committee ON property
were instructed to select name for the
Vine street school house. Adjourned until
Ty l. L.