The record-union., 1892-08-10

are soft; we all know it and know ex-
actIy how to harden them-protect the
city, begin work and you add instantly
and largely to values. A 100000 is moth
ing compared to the benefits to all the
people, to every industry" Mr.. BohPS
emphatic remarks were applauded.
DIR. Simmons was called for and said
the sentiment was so unanimous that 1t
seemed useless to say anything. He was
for the suggestions of the report. The
bonds proposed would not meet with the
Is per cent objection of the earlier ones.
1t was but fair that those to follow us
! should bear the cost on part of the bene-
fits they are to reap. 1t had been shown
by the past that we
WOULD HAVE SAVED MONEY
Had we paid 800, 600 down twelve years
| ago for systematic levee work, instead of
/ letting it go in driblets as we did. The
nope of the people centers now on the
| City Trustees.
| DR.. Simmons remarks met with ap-
| plause.
R. I. Devlin was asked how long the
| legal machinery would take to reach a
vote.
Mr.. Devlin replied about six weeks, but
| preferred to consult the statute as to the
exact time.
Frank Miller said the bonds would go;
| there would
BE NO TROUBLE
About that part of it, for the property
i owners could well afford to take them,
and would do SO as they realized the ne
! ceSslty for the Investment. He was sur
| prised that this levee matter had dragged
| along rs it had
Mr.. Siller repeated his fears about float
/ ing the bonds at par; rather than shave
/ them much he'd favor tax, and, If
! necessary, raise 100000. This matter
meant great deal for men who have all
/ their investment in the city.
| Mr.. McClatchy explained that the new
! bonds would be all right because of the
! Increased assessment roll bringing them
! within the legal limit
! IL. L. DeVIin Endorsed what had been
/ said about the bonds. The objection TO
| the. street bonds did not apply 10 those
! now proposed. He thought
! A GUARANTEE
/ Subscription list might be started to as
| sure the floating Of the bonds and thus
/ show the Trustees that it would not be a
matter OF experiment.
). II. Henry made an urgent appeal for
! action. He favored authorizing the Elk
ecuuVe Committee to guarantee the sale of
the bonds. He'd take his share and con-
slider II n safe investment. A people can
afford to carry their own credit. He be-
heVed half or more of the money could
! be pledged in five minutes III the room
where the meeting sat. He moved that
| the association guarantee the floating OF
| the bonds.
Chairman Dray objected to being bound
II the motion prevailed, because it would
all tail on the Executive Committee, as
the ASSOCIATION was not a legally formed
! body. He agreed with Mr.. Siller as to
the bond work being the hardest part.
Mr.. Henry withdrew his motion. He
! intended 1t as pledge ofhOnor, of course,
| that no man OF standing would disregard.
! He would see that $1,000 of the bonds
| were placed. To pledge did not mean to
! buy now, but only in case of slow sale TO
see that the bonds are taken.
FIFTEEN THOUSAND.
Mr.. Siller suggested that as a test a
canvass be made at once.
Peter Bohl stood up and called for
| guarantees, and In a few moments $4,000
were pledged, and good many others
| than the guarantOrS said they would Join
| the list alter consulting partners. Finally
| the test was discontinued, being deemed
satisfactory, and that the 500, 900 of bonds
can be guaranteed sale if the necessity
| should call for it.
THE PETITIONS.
The Chairman urged that the petition
| suggested in the report be started at once.
| 1t was then ordered that the Executive
Committee put out the petitions, and that
1t present them to the Trustees next
| Monday. This was done after consider
able talk as to asking the Trustees TO
meet earlier TO hear the committee, in
which Trustee Green said the board
would meet the committee at any time to
receive petitions. On motion of Mr. Sill
| Ter a committee Of five was then ordered
to secure guarantee subscriptions to float
the bonds, and the Chair named j. l..
Siller, Peter BOIL, j. II. Henry, d. D.
| Whitbeck and p. Newman as the COM
mittee.
WHERE THE PETITIONS ARE.
! The Executive Committee announced
| that it would to-day place petitions early
| in all the banks, newspaper offices and
| leading hotels and that the people were
invited to come up and sign them at
once.
The Chair presented draft of the petit
| ton and those present proceeded to sign it.
The Chair asked if those present would
| go with the committee before the Trus-
tees next Monday morning and the meet
| ing gave affirmative response by rising,
Then followed many suggestions how
to push matters and get to work before
the rainy season sets in, and the meeting
then adjourned to the call of the Chair.