St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-08

CHAM Der OF COMMERCE.
Reelection of Officers--Building Bonds
Negotiated.
New Orleans Exhibition-sixth Ward Levee
Appropriation.

The directors of the Chamber of Com
merce met at the usual hour yesterday morn
ing, and after transacting the usual formal
business, when the names of the new board
of directors were announced. AS soon as
this announcement was made the old board
adjourned without day. The new board was
Immediately called to order and the old
officers were reelected, as follows: j. B.
Sanborn, president; F. Driscon, vice presi-
dent; c. A. McNeale, secretary; Peter
Berkey, treasurer.
THE NEW ORLEANS EXHIBITION,
A communication from Governor Hubbard
in regard to the Worlds Exposition at New
Orleans was read and referred to the execu-
tive committee. In this communication the
governor requests the chamber to give the
matter early and earnest attention.
ALL ABOUT THE BONDS.
A communication to be found below from
President Sanborn was referred to the finance
committee with power TO act:
GENFLEMEN-Pursuant to the report of
the executive committee and the direction
of the board of the 10th of June, 1884, the
president advertised for proposals for the
$50, 900 first mortgage bonds of the st. Paul
chamber of commerce, bearing interest at 5
per cent, and secured by first mortgage on
the new building and site, in the New York
Herald, Pioneer Press, GLOBE and Dispatch,
for two weeks previous to the Both Of June
last. In answer to said advertisement the
following proposals has been made, viz:
Gen. j, B. Sanboru, President st. Paul Cham
Der of Commerce:
Dear SRI will place the $50, 900 per cent.
bonds offered by the chamber at par, subject
however, to q commission Of per cent, which
shall include costs of examining title TO property
bonded Title of property and form of bond TO
be examined and approved by Messrs Bgelow
Flandruu and SqUires. Right reserved TO name
one trustee Horace r. Bigelow) the chamber to
name another. Bonds to be made payable, prin-
cipu and interest, at st. Paul bank, Ito be
named by me-, with usual exchange on New
York.
Policies of fire insurance to amount of bonds,
to be made payable in case of loss, to the trus-
tees for benefit of bondhoders, same to be placed
or controlled by me in joint stock companies sat
isfqetory to principals | represent. Awaiting
your action. Very respectfully yours.
j. j. WATSON.
Said proposal has been laid before your
building committee and commitsee on
finance, and both committees unanimously
recommend that said proposal be accepted.
Respectful, JOHN B. SANBoRN,
President.
MISCELLANEOUS.
Col. j. H. Davids ON called attention to the
fact that the grand army of the republic was
TO hold its sessloninthis vi entity soon.
Gen. Bishop also mentioned that the army
Of Tennessee would meet here IN August.
The chair said the Odd Fellows would be
here III September.
The designations Of A. B. Stickney, J. j..
McCarday and Commodore w. F. Davidson
were referred to the nominating committee.
A dispatch was read from Senator McMil-
Ian, which said: 81 have conversed person
ally with Gen. Newton, chief of engineers,
and no legislation is necessary to apply the
$4,000 West st. Paul appropriation"