The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-04-29
COUNCIL IN SESSION.

The leading feature of the council meet
ing last night was the bond sale Two eff
forts were made TO sell them but the pur
ehasers present did not bid as much as thu
council thought they should and the bond.
were not sold. No further steps wert
taken in the matter and it is not know
how it viii be settled. Some routine work
was given attention.
TIE PROCEEDINGS.
Members present, Caswell, Carson
Buckeridge, Schnitzler, Glaze, Coffin
Williams and Martin. with Mayor Glenn
ent in the chair. Before minutes had beer
read member Mckee arrived
As members of the board OF health tbs
| following were appointed: W a Minick
| j. d. Van Nuys. G. NJ. Bibbee, Council
men Brown and Williams
The annual reports of city assessor, city
attorney received, not read, but placed OIL
1 file
The city attorney reported TO cut Mis-
| souri, Pacific sewer tax from 8. 800 to s.. 200
Caswe1 inquired about other roads cut
when it was replied that Missouri Pacific
had filed injunction before too late and
/ other roads did not.
Buckeridge called for roll call on adopt
ing report. The result as follows:
| Acknowledgement, Schnitzler, Will
Jams, Glaze, Coffin and Martin.
| Negative-Buckeridge Mckee and Cas-
we'll
Some petitions for lights were referred
| to the light committee
Miscellaneous hills allowed amounting
to over s., 900. T. Mccarthy was allowed
40 for registering bonds.
Glaze observed that some bond purchas-
ers We're present and of course anxious to
get away on evening trains and moved the
suspension of the regular business and
bonds sold. The motiod prevailed.
l. The amount to be sold 1864, 900,
to meet present purposes $4,000
thirty days, S75, 900; sixty days, S95, 900, and
the remainder thirty daysgfter bonds dated
the 1st of May and to pave Main street
and Douglas avenue, alley paving and
cross streets where contract awarded
The bonds bearing 6 per cent, and payable
in ten years; one-tenth annually.
There was some discussion about the in
terest question; some maintaining to re-
ceive all money at once and city put
money in bank for interest.
Glaze moved TO sell bonds to be deliv-
cred within thirty days of the 1st of May
and interest to follow the bonds.
johnson suggested bonds bear date of
June l.
The motion prevailed unanimously.
Those bidders were as follows:
Splitter & Co.; A c. Jobes, of Kansas
National bank; l.. d. Skinner, of State
National bank; S. A. Kean s. Co.; w. j.
Hays, Farson. Leach & Co.; n. w. Harris
& Co.
Bonds started at par by Splitter & Co.,
being first on the roll. The advance was
made at S25 step up to 500 premium,
when n. W. Harris q Co. made a change
to so a step
Jobes went out at 81 $50 and Harris & Co.
''out" at 81, 100. At 81, 400 all went out but
Splitter & Co. and J.. d. Skinner, when
they were advanced to 81 800, Splitter IL
Co. being the highest bidder.
Coffin moved all bids be rejected, which
passed unanimously.
The sewer bonds about one yer ago for
S254 200 brought premium of $751; 900 at
same rate of interest and payment
1t was concluded by some that the pre-
MUM was not as large for the paving
bonds as it should be.
There was some discussion about the
time money to be paid for bonds The
resolution to deliver bonds within thirty
days" was construed to mean that the
bonds could be delivered in one day.
The action rejecting all bids was rescind-
ed and Glaze moved bonds be delivered
June first.
In due time the roll was being called
again and the advance being made at 8.
Splitter & Co, and Farson, Leach & Co.
were the only companies bidding at s. 200.
At - $50 Farson. Leach.&5 Co. went out
leaving Splitter & Co. the highest bidders
Buckeridge moved that all bids be re-
jected
Carson moved the bonds be awarded to
Splitter s, Co.
Buckridge said had better readvertise
and try to sell again. The interest accrued
at time bonds delivered 81 800 leaving
81 $40 the real premium. He thought the
premium should be $4,000
Glaze thought the bonds could be sold at
private sale for more. He moved as sub
stitute that all bids be rejected, with COT
fin a second.
Carson said bonds less valuable when
right.
Buckridge thought best turn over some
bonds to contractors and sell the balance.
The agent who had the highest bid said
that a street improvement bond not as
as city bond; the former of
course much less valuable than the latter.
Coffin said it was not expected to receive
q premium as large As sewer bonds called
for, as there is a greater Indebtedness. lie
would favor making one more effort, any
how.
1.-The substitute 70 reject all bids was
passed by a unanimous vote.
Mr.. Brown presented an ordinance
license for conducting an intel
Hgence office. On motion of Mosbacher
was referred 10 the license committee.
The various committees We're instructed
to report June l, the probable expense OF
the ensuing year in order to make estimate
of tax levy.
4 resolution was offered to enforce all
seeking franchise 10 have fran
cnise as desired published in the official
paper five days before it viii be considered
by the council It was adopted unani-
mously.
tDlI4I recon- IlltL4st4 Aia1 anna Il Jaw
son be allowed so for sewer right Of way, /
which was adopted
Williams wanted fagman At Second +
street and Fifth avenue, which was /
adoped.
The committee on rules was instructed /
10 get to work and report at the next meet /
ing.
The committee on sewer reported ask .
M water committee 10 see about
extending water mains on North and .
south M0seley. some tracts through which /
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