Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-14
Was Thrown into the CRY
Camp Yesterday.
BONDS REFUSED IN NEW YORK



although II may be possible TINT a \
nnle eau be made aud the city be able
yet the Nancy
Yesterday MAYOR pro tenn Terrell r.
cciycd the following telegram from Ma
or Paddock, who h In New York:
New York, May ~.
rnr4 Worth M
The Equitable Mortgage company d,
cline 10 take bonds We hold their SION
Reason assigned. error In registration
True reason. stfingrncy IN money maj
ket Blnir a Go. will protect cify IA Il
dempiion Of series and ndvisc issunne
Of now bonds and 10 sell M tlie hos
hgurrs, then sue for loss we may sustain
Eminent consul shy we can recnvnr
The only qupstlon Il H., ndvisabilIt. %
litigation. Plenso af~
b. A. PADDOCK.
Mayor pro tom Tcrreli Lost no time /,
calling the aldermen tole,her IN apeoin
session. aud when he rSnd tho frlternry
they were at a perfect loss what 10 40
The city attorney was absent and III,
telegram was not full cnOnt,l for them Il
understand II In nli Of H. phd4a,
l'pon ita face II aeomed tbaf tho Eutlta.
bic company having refiilcd the b,nd.
upon the ground of lllcrnlity, il was bc.i
for the DIV To accent the onestinn ~. a,
their lllprality. ADD moi nv fnribsr Ia
present issue ana mako a now one. cnr
lug The alleged defect IN tho registration.
Offer thcin u the Equitable company
again. aud IL they did not make ihoir
contract good. "a put them upon The mnfe
ket and snil them again, holding tbe
Equitable company responsible for the
loss the city might sustain
This seemed lhc simplest thing to do.
because tlicir financial luNitntioua ,ynuli
decline To buy bonds once redlsed nn
ground of llegallty, aud if tho city al.
tempted 10 uphold The present bonds
Il could not issue others becanr lis paWrr
10 issue those particular bonds was OK
hausted aud Che new bonds would there
fore b. ultra Wires and void
The telegram q not explicit hut that ~
evidently iis effect
There arr SlSO,NOe II these bonds and
they sold Mt Sl.UU, which was Fool
sale and the probabilities are that thcy
unless monetary conditions change
The defect Ia The frgistrafion i that
the bonds were registered prior 10 their
date. This was made necessary In nr,lcr
20 have. them Registered in time To he
delivered on their dnte which neressariI,.
caused the registration 10 be- done ~
days before their date.
The way that Il Il Proposed 10 meet
this trouble IL 10 have them dated nrinr
TO their registration. aud then moi d.
llyerId unGl a GxeJ 1ntn H.
bearing interest from thc tl,ne ~ ,ielIy.
ery
The meeting last NIGHT was >c,rJ,e,c1
On rather an Informal wav. no Internal,
hahn, ,ntt,' tat,.,''i.' "nff wv e'"'tu"h
ular course. md nrrfe win ""S pa'''.,
discuss Il with tho Others gc,.,ss the ,a'
BILE. V"
Alderman Nirs grst oncred 4, r,s,i,,
ton lneirtirtiur tho navnr ~ m, XXI
5000 oerti6rI cheok MI ny ~ ~
feIt, cnshcd IA nv ia mi tbe p,ni,aHio
company mon mo ncprrssivc Will va.
nmpndcd al tho su,see.tion az Ni,lc-,,,s,,
Hvroin NJ "a 10 i,struc, u,n $3.50 a''
return Tho money /" ibe I'M tr.as,,r,
as 10 eot Il Oil nf ihn G,rl,diriinn' ~
,he Ncv. V,rl ,,n,r, '"''7"'''''n ~
Alderman Nnnt,,nn,c,., ,s,.,.I ,,.t,,. t,..
dcfec, In tho rrsistr,ii,n ~ " snJ NRi'
herman Nirs .x,,l,lW.'i Y, t XII, W. a.,
that no sirh oncsfinn had nm, WIKI ae.,nt
III H., ~, M ~ NV p''n INlN'
comntroi.r woniJ NV, ro,is,D.,lI I'LL, ILL.,
II nnv guch nl..1lify e,,stcI n ~, N'''n
moro ouihhlc "''
Alderman NIoptgopery than y,n,.1
the council In instfget IA moyor W. '" Way
III NJ ii ~ ihrfluNs NV nlpsur =" SIlr
~, NV "p i, uliVs tnvih "aph' 9hu y,