Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-12-18
THAT CONTRACT.
What tho Public Think Of 5 Per
Cent. Monthly "Forf,its
Liberal Criticism Of The Tax spenderr
by the Tax Payers
Ono Lone, Lorn Voice Raised Against
the General Opinion.


addiio to the colored school building, ,
as per contract, aud the obligation Of |
the city to sustain the committee, what
do you think OF the contract AZ a piece
Of tinanciering for the city's inisresl2'
Chas. Scheuber-''I think the con-
tract was very foolish one, and that
tiie committee had no right to hay the
city liable to such a heavy penalty for
deferred payments
Il w Ballty-"if the contract was
cash contract, something ought TO
have been allowed for iis non-lAyment
when due, but | regard the rate A. an
exOfbitant one.n
+ w Oppenheimer-"I consider it
very poor piece Oi iinancieTing and
don't tiink the committee had any
right 10 presume that the bonds would 1
be sold 10 advantage, aud ON that pre-
sumption promise "A penalty Of per
cent II outh on deferred pa, menth
DR. A + Brown-"NO individual or |
corporation, In MY opluiop, can 30
business succes, fully and psy the rate |
per cent fr money promised by the |
committee"
David Bosz-"I think the contract
was the hest that could have been |
done under the circumstances. The I
cash contract ~ made by The conn
mittee with the per cent added WAS "A /
better arrangement than could have |
hsen mide 10y giving the city's ume |
obligaiionn
+ Hule-"I think the rate per cent
IL unreasonable aud that II per c-nt
premium on The deierr,d pay ment
would have been sufficient NJ indt'
vidualor corporation could afford to
enter iuto such "A contract unless the
emergency WIS a great QUE. and some
vital interest was Involved
w. II. Aldridge-" contract,
when Rrnperly understood, Is good
one. instead OF pay ing interest 1t the
rate Of per cent. per month from De-
rember 10, 1884 to March Is 1885, he
city gets discount Ot 20 per cent by
psying the account before the 10Th OF
December and discount Of Il per
cent bv plying 1t before the 10 "a NJ
January 10 per cent. 10y pay ing II be-
fie the 18TH Of February and 8 per
cent. by paving il before the 10Th OF
March. II the work had not hten
dome for "A cAsh ,nsideTalion the cost
TO the city wuu d have been more than
the rtsent contract price with the per
cent. add,d
Dr.. n. Wallerich-' consider II q
reckless way OF handling the public
j. q. Sc tt-"My opinion Of the con
tract is that T. has bad coloIing on
is face and that Mayor Smith wa'
right in hi. veto, and think II places
tie comnitu emen la "A very awkward
moi ion before the public NJ fiuanciers
know nothing OF the terms Of thu
contract kept what appea ed In thu
mornings GAZETTE and II the pape
4 - r q frsss IN a u
pertains TO he penalty OF per cent
per month is void, and no court vii
enforce IL
Jesse Jones -"Taking the statemen
OF this mOrnipg's GAzkTTE as a tru
one. [ think The term, OF he enntrac
give evidence Of very poor fippnc a
/ sbiliy on the part ef the COMMITTEES
men,
John Nichols - "The commitie
knew the condition OF the city
finances snd ought 10 have made
contract without contingency ol
which would depend the payment o
. 5 per cent per month IN ADDITION 7
lie contract price. The commltle
had no right to presume on the sale &
the bonds"
Francis Granger eontrac
ntedleEsly placed the city in positlo
10 forfeit 20 per cent on the eontreC
| pIi.e for ~. building. aud | rtgar
| uch a provision in c0ntractas "A Yer
unususl proceeding
w A huffman Unless the con
mittee knew they would have ID
money by the time the account wa
| due. consider IL very poor hnanolel
| ing to provide for a penalty or To-
| feiture fr its non-payment."
II Brown-"fu all my expert enc
= I nav, never before heard OF such
M r sAnguinet III consider IL
very queer contract To say the least
the II vim u most * Ibitant penalty 4
non.payment when due"
,ar ti6ldbrrg-' think II wac Vel
ineo siderale and unreasonable col
VIZ tract. :,
nis- most reckless manner of managing
ALI ci,S'shff irs | have ever known
Ella. K ID Batemau--"It Is very tVldel
nj. IN me- that the terms of the cpn'raet
ain stated 10 this mornings 8Azhrl
ob- shog great lack Of fipat clal abiiiy {
the III. MARI nf mem herr Of the 9niinittte
-tea w Sim.-'.I consider u ven
~. ,,ood o,ntrt,.t for ro~nsenh q Lu her
the n q EiriuRton-"l think IL was
,wn contract that no prudent business una
and would make for himself, and ! rfgAi
iced il as beiray oil Of the peoplt . III.
i by w. ] Baaz-"I think such cou1
,ster would lead 70 bankruptcy IN We
will rhnrt tine.n
oosi- Drew Prult-"It Is certsiply We
in. INJURIOUS "a tie city that such =
ieve traces should DO made sua sua -
D OF tact II Of u character lDat sn.u'u -
have oDdemned by alii anu an !.
shes cory that Inc mayor fsso 80 :
sible ru-t,iredp ,,...o 81 th,nk
m,nyor's veto was right and ought
nave men sustained -
Dr q J.ckson-'I consider J. :
of he very worst acts Of iinanelAai :
lmis' eide the city nAs eysre1peri.nced' 4
q fol- viii 30 be regarded 10y OF sloe l.s,. :
To appearr as u those eleeeea ~ ~ III. I