St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-05
CHAMBER OF COMMERCE.
Bonds to Be Issued for a Public
Library Site.

The opening of the chamber of COM
merce yesterday morning was charac-
terized by little sparring about the
sides. MIR. Horn and Judge Flandrau
asked to be excused for absences OH ac-
count of business in court. Objections
were made to allowing them to be ex-
cused, and Mr.. Horn raised a laugh by
withdrawing his excuse. and the sub
iect was brought to close by Mr..
Moves giving notice that he would move
an amendment to the bylaws.
III. f. Stevens took occasion to explain
his vote in favor of bill in the house
provided for the issuing of $4,000 in
bonds for paving West Seventh street
from Ramsey to Tuscarora streets.
Gen. Bishop and others spoke in oppo-
ition to the bill, and claimed that 1t
would be setting bad example to re-
open matter which had been settled
for long time and by the proper au
thorites. The general concluded by
Offering a resolution which was unani-
mously adopted, asking the st. Paul
delegation in the legislature to defeat
the bill.
The motion of Mr.. Nichols to reScind
the resolution recommending the issue
of bonds to the amount of $3.50. 900 for the
purchase of lot and the erection of a
building for public library came up
as the special order Of the day. Gen.
Andrews offered the following as an
amended resolution:
Resolved. That in place of the resolution
adopted by the chamber on the l1th of June
last, we recommend that authority be OBJ
tainCd for the issue of S50,0 QUO of bonds for
site for public library.
Mr.. Moves favored the amendment.
He thought it was time to call halt OH
this bond business.
MIR. Horn regretted the necessity for
moderating our requests and favored
the amendment. Putting $4,000 into
real estate at the present time he re-
garded in the light of an investment
that was perfectly safe. The realty
would not move away, but would in
crease in value. He had no fear that
the city of st. Paul would not be able
to meet all its obligations.
2. H. Kelly opposed the amendment.
He thought it impossible to tell where
the center of the city would be few
years hence.
Mr.. FairchiId believed that it would
be perfectly safe investment. In his
opinion the lowest price for real estate
had been reached. He predicted that a
country would enter Oh a period of re-
newed prosperity. Speaking locally,
spring would witness an increased de-
mand and increased value of centrally
located business property.
DR.. Day opposed buying lot SO long
before it would be needed. He favored
using the court house for library.
William Lindeke also opposed pur-
chasing a lot. He thought there was
time enough and that for years to
come plenty of suitable. lots could be
found. The city council proposed 10
issue bonds to the amount of 81, 200,
including S150,000 for the Broadway
bridge. He favored reducing the bonds
at least 80 per cent.
Col. James Il. Davidson argued at
considerable length, stating that the
city is now ia just as good condition to
issue the bonds as it would be two years
hence. He denied that the taxes were
high here, and read from his tax re-
ceipts and assessments to prove his
statement. Some members of the
chamber had intimated that st. Paul
had many millionaireS who would make
donations for libraries. He haa lived
here for twenty-five years and had
never heard of one that did it. The
city had the power to put its hands into
mems pockets and take the money out.
Gen. Andrews amendment was finally
adopted.
An invitation for an excursion over
the 500 road was accepted.
The mercantile committee reported
favorably on the invitation of the ma
tional board OF promotion to assist ID