Asheville daily citizen. [volume] (Asheville, N.C.) 1890-1900, 1892-02-13
THE GOOD TIME COMING.
IN FACT, tia NOW AT ASNE
YILLE's DOOR.


for the Delivery of S343,OOO
worth of BOnds.
Sold?
Yes, indeed!
That's what's the matter with Ashe
ville!
Three hundred and forty-three thou
sand dollars worth of Asheville's i'm
bonds have been sold.
The thing is settled beyond doubt.
The board of aldermen settled the mat
ter yesterday afternoon at it's regular
weekly meetingI
The EsOard Meets.
There was fair splinkling Of visitors
in the mayors Office at O'Clock yester-
day afternoon, the appointed hour, but
Mayor Blanton and Alderman Starnes
were the only officials present.
The mayor announced that the meet
ing would be little late in starting up,
but as the weather outside was little
raw, and the Ere in the office was good
and warm, he cordially invited all pres
ent to stay there until the meeting should
assemble.
This invitation was accepted, and for
an hour the crowd enjoyed dissertation
by the mayor upon the merits Of Sena-
tor Hill, who, he declared, was the great
est man on earth. This was disputed
by some, and the discussion was warm.
The mayor also related some rich old
Jokes, OF the vintage of the year 1000.
While the discussion was at it's height,
the heavy aldermanic tread was heard
on the stairs, and moment later the
board, excepting Mr.. Mcdowell, en-
tered The members were seated, and
Mayor BIanton called the board to or
der.
A Proposition.
As soon as matters had quieted down.
Capt. Melvin E. Carter arose and sub
mitted proposition, in the shape of an
ordinance, which he read. 1t was type
written, and covered three pages. The
proposition was made by Blair & Co.,
New York, through their representative,
+. S. Marston, and was substantially an
offer for the following bonds:
Two hundred Thousand dollars wort h
Of the street improvement bonds;
One hundred thousand dollars worth
of the sewer bonds;
Twenty-Five thousand dollars worth
of school bonds;
| Eighteen thousand dollars worth ol
market house bonds.
For these bonds Blair & Co. offered
par, less commission Of ten per cent
tor the placing OF them.
rhey also wanted an option on any
further sale of bonds that might take
place within the ensuing twelve months
i he bonds are to be made payable il
gold on maturity.
II Passes.
After the reading of the paper Mr.
Waddell moved the adoption OF the ordi
nance and proposition, seconded by Mr.
Brevard. 1t was placed on its first
reading. and passed by a unanimous
vote. Then on a suspension of the rule:
it was placed on second and third read
ings and adopted without a dissenting
vote.
Mr.. Waddell was then appointed 1
special committee to see that the imam
cial papers in the matter were properl,
drawn.
A motion prevailed to notify the con
tractors for the street work to execut
their contracts and prepare to 90 tt
work.
1t 10 Done.
As soon as this business had been con
cluded, Mayor Blanton signed the con
tract for the sale of the bonds. Cit
Clerk Young then countersigned it ant
affixed the corporation seal, and tn
trade was closed.
A little later Mr.. Morston made
draft tor the amount. This was deposited
with the city treasurer, E. Rankin
and today the draft and bonds were sen
to New York. The cash will be her
early next week, and will be deposited i
the various banks of the city.
other Business.
The board seemed disinclined to al
tend to small matters, and the folio win
two items comprise all the work outsid
OF the bond sale:
On motion OF Mr.. Starnes, the boar
decided that it would not recognize an
fire companies other than the two no.
in active existence.
Mai. W. E. Breese was given permi
sion to put in water pipe from II
First National bank to the main on FL
gle street, advancing the money for tt
work, amounting to about $160.
The board did not receive the report
of the finance committee on Mr.. Waddell
6 resolution introduced at the last mee
ing.
!. what It Will DO.
r. Now that the bonds have been sol
IN it is interesting to review the work th'
: is now in contemplation.
u North Main street, from the Farmer
warehouse TO Chestnut, is to be paw
y !. with brick and made As feet wide.
South Main street from the Swannant
hotel to the city limits, is to be paw
with brick and made so feet wide.
Patton avenue from Court place
), Woodcock's drug store is to be paw
with brick.
IN Depot street, from Patton avenue
the passenger depot, is to be paved wi
- granite, and made 40 feet wide.
Anew graded school building is to
erected.
The sewer work is to be carried on
Q the paving progresses.
The new city hall and market hous
the finest building of the kind in t
state, which now remains in an un6
ished condition. will be pushed to
early completion.
Tue Contracts.
Il. VIC. Corpcning has the contract
all the excavations on the streets.
M. Smith has the granite contract, a
Webb, Oates & Eskridge the contrt
for the brick paving.
,r The bids put in by these firms are
~..J.J .. varv oood ooea for fhs ~;