The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-08-19
An Evasive Letter From Farson,
Leach 6 Co.
THEY ARE TEMPoRIzING
AN EXTENSION OF TIME UNTIL
NEXT SATURDAY.
A Scheme to Give Some Political
Worker a Snap-Geddes Opposed it,
But Was Voted Down-Little ROu-
tine Business Disposed OF.

leFQdy and divided the time between
the bond question and providing a job
for Colonel George B. Squires. They
succeeded in the latter, but as to clos
ing the deal with Farson, Leach & Co.
the meeting was a fiat failure.
From this it should not be inferred
tina the board is entirely to blame in the
bond matter The members are appar-
emily doing all they can to dispose of
the paper, but the hitch at the bottom
OF the whole business at present seems
to be the unsteady condition of the
eastern financial market. In it's pres
ent status the bond firm has been con-
coded every point and the success of
the proposed deal hinges entirely upon
the Improvement of the market
A TELEGRAM RECEIVED.
A telegram was received by Chair
man Geddes yesterday from the firm,
which was plain enough to be under
stood, and removed all doubts as to the
delay of the Chicago house in signing
the contract. The message was in
answer to a telegram sent last Satur-
day informing the prospective buyers
that unless the contract was signed
with the provision that the bonds be
delivered ION or about September 10
instead of ION or before that specific
date, and transmitted to the board be-
fore last Monday at o'clock the deal
would be declared off and new bids
called for. The firm made no reply
Immediately and only after being press
ed for an answer whether they would
accept the contract in its amended
form did they reply, and this was re-
ceived in the shape of another tele-
gram yesterday, as follows:
Hon. A. S. Geddes, Salt Lake City:
If you insist answer today we say no.
Our suggestion leave matter allegiance
Sept. l. VIII then probably confirm.
Many thanks
FARSON. LEACH & CO.
There is some controversy concerning
the Interpretation of the above message.
1t may be construed to mean that the
bond house will not accept the contract
in its amended form, but might in its
original terms. However, 1t makes no
odds as the matter has been delayed
so long that it would be impossible to
have the bonds printed and delivered by
the 10th of next month.
A LETTER.
Among the correspondence read yes
terday was the following letter, throw
ing further light on the transaction:
Chicago, Aug. Is, 1896.
Hon. A. S. Geddes Chairman Board
of County Commissioners, Salt Lake
Csty;
Dear Sir-We are in receipt of the
following telegram from you:
Contract closed and signed last Sat
urday, forwarded to you with papers
and records complete Have you re-
ceived, signed and returned contract
TO us? Answer
And beg to confirm ours in reply as
follows:
Telegram received Will advise you
definitely whether will accept change
of contract within few days. See let
ter
AS we wrote and wired you the other
day when the matter came up of your
Inability to deliver the bonds according
to our proposed contract, we thought it
wise to leave the matter in allegiance
for few days on account of the I'M
settled condition of the market.
Things are certainly assuming a bet
ter shape, and as Stated, we will advise
you definitely whether we will be will
ing to accept the contract in Nts
amended form in the near future With
our best respeEtS, and thanking you
for your courtesy, we are. yours very
truly, FARSON, LEACH & CO.
The letter is rather evasive and GER
tainly conveys the impression that the
firm is seeking to put the matter off i'm
the hope that financial conditions wiz
change. With the final telegram yes
teuday 1T might have been fair to as
sumo that the board would declare the
dead with Farson, Leach &, Co. off, but
it didn't.
Mr.. Wells, the firms representative,
was present and asked for another de-
lay until next Saturday. After a, great
deal of discussion the matter was put
and Christopherson voted to extend the
time, while Geddes opposed it. And so
the matter will come up again at
O'Clock next Saturday.
THE COLONEL WANTS A JOB.
Colonel Squires lowered about the
commissioners room the greater part
of the afternoon, and the reporters
knew he was looking for something. as
he took a seat behind the member from
Bingham when the meeting was called
to order. The colonel always sticks
close to the members of the board when
there is a show to get a political job or
anything else. He was engaged as
deputy assessor last spring. When that
work was finished tie militia census
taking furnished a. snap AT 81 per day.
Now that has been finished and Squires
turns to the board to provide him with
something.
It came in the shape of a report from
Roberts, recommending that deed rec
ords e. and F. i'm the recorders
Office be recopied, the old ones being
badly mutilaEed. The work was to be
done under the supervision of the re-
coTder, and that means that the colonel
viii have something to do until election
time.
SAVE ANOTHER FOR GEDDES.
Geddes objected to putting the county
to such am expense at this time If the
books needed replacement the work
should be opened to competition. He
irHimated very plainly that it was but
a scheme to create a. snap for some DO
litical worker.
But Geddes' objection was OF no
avail, Roberts and Christopherson
moved to have the work done and fur
Their authorized the recorder to engage
the men Co do it.
This means dollars to doughnuts THAI
Squires will have a good long job at 81
per day, while the work could be dome
by a competent person for half that
amount.
After passing a. claim in favor of
Deputy Sheriff Roberts, adjournment
was taken until o'clock next Satur-
day.
"
Old People.