The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-06-10
ISSUE OF THE BONDS.
Debate in the City Council Is
70 Work on Sewers
NO coscaus,oM ARRIVED At.
1seDssea - Iasos Only Part - tAo
sewer DesAs-Passaes 81 ths Nsv
Goatee OsAlnsoee.

The city council met last night q ]
O'Clock IN joint conveation, With President
kloeber In the chair, 20 canvass the vote
on the bond election. Alderman Daulton
and Delegate Dsss we're appointed teliess.
and the poll books we're checked up eth
the tally sheet The figures have been a.
ready published. IL took nearly "a hour
and half to canvass the returns and pass
resolution drawn mp BY Corporation
Counsel Donvorth declaring the result
The council then took up the separate
business OF the respective houses. The
house Of delegates passed . concurrent
resolution authorizing the city comptroller
TO call for bids for the bonds outright, ex-
eept for the sewe1A A to them IL was
proposed 70 make the issue 1t intervals Of
three months Of $4,000 only. % - 90 use
the amount only - the work progressed.
II then went 70 the board Of aldsrmen for
their concurrcncs.
Alderman Carrie thought the cheapest
way Was TO have the bonds taken in bulk.
Alderman Dauiton replied that the
method Of calling for optional bids would
have the effect mentioned. He moved
that IL Be referred 70 the committee on Or
dinances.
Comptrolle- Carson said that after . con-
ference with Mr.. Donvorth they came 70
the conclusion that this vas not the best
time to get the most favorable price, and
as $4,000 for sewers Qf the $3.50. 900 il all
that could b utilized economically at
once. II more WAS called for now the city
would have to pay interest on money lying
idle. But the call for bids could b 80
worded that there should be issued $780,.
OOO, 70 b called for - the work needed IL.
Then the interest would not have TO b
paid until the money was received,
Alderman Carrie asked If they could get
- good terms that way.
Mr.. Carson thought the price would b
the same for $50. 900 - for $iO. 900. but in
. few months there 10 lit:is doubt that
prices would be better. The furry. how
ever. 10 70 the advantage of municipal
bonds. - they are considered safe in
ves:ment
Alderman Jordan said the sanitary con-
dition shows urgent need OF early con.
struction Of sewers The people have
spoken very emphstically on the subject !;
besides, there we're many people seeking
employment He thought the bonds
should b sold promptly and work sup
piled. II had to b done some time: il
might ~ we'll b done now. This Vas
what the people wanted. and 70 do it now
would show good Judgment
Alderman Daulton thought $780, 900
would do al that Mr.. Jordan desired; the
saving proposed would b $500 . year,
and the council could call for more - the
work progressed.
Alderman Jordan said there was no want
Of money In hard times: it was only that
people were afraid 70 Let It 20. Where
there Is confidence in securities the money
will b forthcoming.
Comptroller Carson reminded the board
that there was limit - TO the amount Of
work that could b done on sewers ct one
time without waata With So. 900 for the
tunnel and $l00, 900 for sewers there would
Be plenty of work. Many people voted for
the sewer bonds on the assurance that the
money would not lie In tho hanks for .
year.
Alderman Jordan criticised the present
method Of constructing the sewer tunnels !;
he said there should be shafts sunk to ex-
pedite the excavation.
Alderman Dauiton moved to make the
call for 100000 and tho remainder 40 or
dered BY the council. and this was
agreed to.
II wan returned TO the house to have the
amendment - 10 tho amount concurred
in. bat the k01ss h vote Of to 4 refused
to agree - the change. and when this was
reported TO the bo4sd Alderman Dauiton
moved to lay il oushe table, ~ the hour
WAS too late to admin Of . renewed dis
cussion. II will b taken up 1T the next
meeting