Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-07-09

| OSrmau american Dduh LIQUID co
| Savings Bank of St. Paul 1850 81
Bank ................ 1O,164 AZ
| In vault .... 40
$126S54 OF
Respectfully submitted,
| +. A. REM,
| City Treasurer,
| July 1, 1880.
Referred to Comptroller.
| Also,
Hon. President and Common Council of the
city of st. Paul:
| GENTLEMEN: / have the honor to herewith
| transmit communications of the banks which
are now Repositories of city funds in relation to
interest on deposits, that you may take such
| action as you deem right and proper. Very
| respectfully, +. A. REM,
City Treasurer.
F.. July 6, 1880.
| The following is the communication re-
| ferred to:
ST.. PAUL, Mimi, July l, 1880.
F. A. REM, Esq. City Treasurer
DEAR SIR: The low rate of interest now
prevalent elsewhere render it impossible for
| banks of this city to continue to pay the rate
| of interest now allowed on your account, with
! any profit to themselves. We would therefore
respectfully advise you, that alter this month,
| we will credit your account with interest on
daily balances, at the rate of three 90 per
cent. per annam. Very respectfully,
| The First National bank of st. Paul, 81. p.
Upham, President.
| Second National bank of st. Paul, E. s. Edg-
erton, president.
The German-American bank, Gnstav Willius,
cashier.
The Savings bank of St. Paul, by a. sahl-
gard, cashier.
Dawson & Co., Bankers.
The Merchants National bank, by W. r. Mer-
RAM, cashier.
Referred to Committee on Ways and
Means.
Also,
To the Honorable the President and Common
Council of the City of st. Paul:
GENTLEMEN: 1t is my dissgreeable duty to in
form you of the suspension of one of the banks
of this city. and one in which, under the act of
the Legislature and the action of your honora-
BILE body in approving OF the bond of said
Bank, was depository of aportion of the city
funds. have reference to the Farmers and
Mechanics Bank of st. Paul.
On the 25th day of June. 1880, said bank
closed its doors with 80. 1862 80 of the funds
in its vaults. had previous to the suspension
of said bank given a check in favor of the Sec
ond National Bank of this city for the sum of
Sl0, l52.O2, (belng amount of said deposit, less
$1,000 May INTEREST," upon that bank, which
check was received by the Second National
Bank as so much money, and credited therefor.
Afterwards and upon presentation of said check
to said Farmers and Mechanics Bank for pay
ment on the 18th day of June. payment there
of was refused and the said check thereupon
duly protested for non-payment, and the SINE
or any part thereof has never since been paid.
respectfully call your attention to this mat
ter at this the first meeting of the Common
Council of this City since the date of the above
mentioned occurrences in order that you may
be properly advised thereof, and
that you may take such action therein as
will to you seem right and proper under the
circumstances of the case.
You are all aware that the city holds the
bond of the Farmers & Mechanics bank in the
sum of $50. 10000 to secure it from such or
any loss. Very respectfully,
+. A. REM, City Treasurer.
Referred to Committee on Ways and
Means.
FAT this part of the proceedings Alderman
O'Conner asked to be excused from further
attendance at the meeting. Granted.
Of City Comptroller
Presenting Audited Claims, viz: Dspew
& Burns, $54.46; Adolph Pointer, 1925; P.
II. Kelly & Co., 1884: Griggs, johnson &
Rhodes, $52.10; Thos. Lavelle, $2S; John
Mathiee, $l.75: City Iron Works, $3.50; St:
Paul Foundry, $3.50; O.. F. Knauft, Sc so;
Nichols & Dean, So 20 Robinson & Gary,
| $1.25; j. G. freeman, $1.65; T. Morand,
$25. 60; Jarshishiek q Anderson, $3.50; P.
Nash, estimate No. l, Rondo street grading,
$289; Chas. I. Miller, estimate No. 8, Fifth
ward sewers, 81, 905.27; Henry Starkey, esti-
mate No. 1. Ninth street sewer, $21463;
Patrick Nash, estimate No. 2, Rondo street
grading, $416.50; First district street force
pay roll for June, 1880, $911.s5; Second
district street force pay roll for June, 1880,
1,0lS.63; Sewer Inspectors pay roll for
June, 1880, $144S7; I. W. Miner, $3.50. so;
9. G. Miles, 1913; P. Leo, $3.50; Otto
Dreher, $23.75; Metropolitan stables, So;
P. H. Kelly, $4,000; Mccarthy d Donnelly
$11:50; b. Ii. Athey, $40; Pioneer Press
Co., 1915; Edw. Mckinney, 81; Noyess
Bros & Cutler, $42.S5; Walter Conway, Sc;
Iugham & Oorlies rs cents; j. j. Dugan &
Bro, $3.50; st. Paul Manufacturing Co.,
$45; Sherwood Hougb, $40. 81; L. Grace ,$15;
w. Rhodes, $12; A. Allen, Sc; G W Griggs,
| $15; VIM. Dawson, $15; II. II. Timme,
So; j. j. Kelly, $2l; Martin Kermany, S12;
John Rooney, SIS: Frank Ruzicka, ST.; VIM.
| Munson, 1888; Alfred Llndahe, 1888;
John Costello, So; Richard Walsh, 1896;
John Burch, 1896; James Davenport, 49,
| Albert Smith, $12; B. Michael & Co., SIS.
Allowed and ordered paid.
Yeas-Ald. Allen, Dowlan, Kittson, Grace,
Bell. Ringwsld, Cornish, Griggs, Minea Mr..
President-10.
Of City Clerk
Statement of licenses issued by him since
| January l, 1880, as follows:
Liquor. ..................... 1926, 595 90
Vehicles. Observation-Disclosures. 1,545 90
Miscellaneous. Observation-Disclosures. I,675 90
Beer. Observation-Disclosures. 1,120 90
Butchers. Observation-Disclosures. 1900 90
Wood ACKNOWLEDGEMENTS. $40 90
Peddlers... 100 90
Dog Observation-Disclosures. 476 90
Total ACKNOWLEDGEMENTS. .ss9. S1l 90
Accepted.
| OF City Attorney