St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-08

market. We do not, as a committee. ask
for the issuance OF any bonds. provided
the city can otherwise furnish employ
ment for the worthy and needy unem-.
plOyed. But we do make the following
urgent requests and recommendations
In the interest of the UNEMPLOYED. and
also of all taxpaying citizens who are
the possessors Of no special privileges.
First. we respectfully ask that. if
bonds ere Issued. they shall he for no
Longer time than four years, and at no
higher rate OF interest than per cent,
payable semi-annually. Second, we re.
spectfuily ask that 10 bonds be issued
for the purpose Of booming any One's
real estate. or forwarding any ones
private scheme or schemes. until at
least the needs of human flesh and blood
are attended to, and such needful city
improvements are undertaken as will
furnish employment to the largest pos.
sible number of now unemployed la
bOrers, bona tide residents Of the city of
Minneapolis, heads of families to be
given the preference, no political favor
itism to be shown. Third, we respect
fully ask that a committee of the cOun-
Gil be appointed to Cooperate with this
committee in ascertaining as nearly as
possible just how many such unem-
plOyed there are"
Rev. Sample made a number of valu-
able suggestions and spoke ON the prin-
cipal points of the report. He was fol-
lowed by the well known attorney,
Freeman p. Lane, who happened to be
present and who is much interested in
the unemployed problem. Mr., Lane
remarked that there is between 900, 600
and $4,000 less visible deposits in the
city banks than year ago. The money
Is somewhere In the city, probably i'll
the deposit vaults, people declining 10
run risks with the banks after their ex-
perience of last year. MIR. Lane was in
favor OF Issuing bonds of the GenOmina-
ton of $50 or 500 each and selling them
to the citizens of the city. The banks
need not be relied on, for there were
plenty of individuals, in his opinion, who
would he glad to get the bonds for four
years at per cent. 1t was good in
vestment. A central Office for the sale
of the bonds might be established. and
i'll twenty days, he thought, the 800. 900
worth would be sold without any trouble.
Aid. Haynes. who was chairman of
the committee from the council. stated
thai he had been informed by the city
attorney that the charter provided that
the bonds ma4t be advertised for sale
and then disposed of to the highest bid
derS. This would prevent the SubScrip-
ton idea. MIR. Lane remarked that the
charter did not specify that the bonds
must be sold in bulk. They could be
advelt ised just the same, and sold in
small lots Ii any of the banks wanted
all of them, why. it would be so much
easier for the city. He would be will.
ing to lend his tine in aiding the cuun-
Gil i'll getting around the technicalltieS
of the charter.
Dr. Sample was in favor of making
the denomination of the bonds as low
as $40 and Mr.. Lane agreed with him.
Then followed the discussion as 10
what the committee should recommend.
Aid. Kiichli wanted S2S5000 worth of
bonds issued, at per cent, Sl35, 900 to
come due in four years and the re-
naming $l50,0G0 in thirty years, the
money to he used for the erection of
an electric plant. Aid. Lackey made
motion to this effect, but the sentime mt
of the committee was against the
electric plant and for the $780,
0O0 for permanent. Aid. Wood
ward moved that the latter amount
be issued. But there came the rub. 1t
was impossible to come to any definite
decision on the matter. owing to the
fact that so many members of the CON-
mittee wanted slice out of the sum for
work in their individual wards. Aid.
Harvey wanted this, Aid Adams that.
and SO OIL round the circle they went.
1t was finally agreed to postpone the
meeting until this afternoon. when an
endeavUr will be made to come to some
decision. The motion offered by Aid.
Woodward appeared to be the mos,
feasible one. inasmuch as it provided
that the money was to be used for the
construction of sewers and other
needed permanent improvements The
others, however. wanted their cOnstltu-
ents to know they were trying to get
something for them, and 50 the entire
matter "1unked," as they say Oh the
Street