The Providence news. (Providence [R.I.]) 1891-1906, 1896-03-05
CRANSTON.
Knightsville Republican Caucus and
Town Committee.

Town Committee.
For the past week the political circles
of the town. have been greatly agitated,
trying to conjecture what would be done
In the Republican caucus. Rumors have
been circulated that several changes
might be expected. The political lead
ers, however. say that there is no cat In
the bag-that, SO far as they are concern
the Central Assembly will be nominated.
At u. m, yesterday was held caucus
number one. Commissioner Il. A. Conley
presided and Mr.. Andrew Wilson officiated
as clerk.
There were present about thirty citizens.
The meeting will ever be remembered, on
account OF its longevity; 1t lasted about
fifteen minutes. The slate was heartily
endorsed; indeed 1t seemed as though the
men present had but one political pulse
and viewed the political future with one
eye. The first work OF the caucus was
to nominate delegates for the Republican
State Convention. With no friction and
stage-like precision the following named
men were agreed upon as suitable repre-
sentatives to the convention: Hon. Will
lam IL. Hall and Edwin q. Purse, both OF
Edgewood; Messrs. Il. g. Wall and Frank
p. Willard both Of Auburn; Councilman
A. Il. Austin of Pawtuxet and j. Titus
-. IL ls
lington was renominated as the member
of the State Central COMMITTEES.
The next work taken up and speedily
dispensed with was the nomination OF
town Repu blican committee. The follow
ing named men constituting the present
town committee We're nominated TO sue.
ceed themselves Peleg q. Kenyon, civil
engineer Joseph A. Latham, chi OF po-
lice John Bigbee, ex-Representative Jo-
seph L. Sanders, commissioner of high
ways Phineas A. Conley, Councilman
Frederick Il. Andrews, Moderator William
o. Towne, and Messrs. Frank Millard,
Henry Knight and George Il. Arnold.
Both the delegates and the town commit
tee are TO be elected with full power to
fill vacancies in their respective bodies.
No further business coming before the as
sembly motion was carried that ad-
journed the quietest, quickest and most
matter-of-fact caucus that is known 10
have ever been held in the history of the
town of Cranston.
After the adjournment of the caucus the
town committee repaired TO the council
chamber and there behind closed doors
laid plans for the next step in the pre-.
paratory campaign. II was voted to hold
caucus in Town Hall, knightsville,
Friday at 2 O'Clock p. m. for the purpose
of nominating delegates TO the General
Assembly.
1t has been slyly whispered that man
need not enter batt'e 20 smell powder and
smoke. The hint is very significant, for
the innocence displayed by the members
of the town committee as to the men,
toned changes to be made in the del ga
tion to the General Assembly seemed too
awkward TO be natural Next Friday VIII
be looked for as day whose proceedings
will be very significant of future actions
in the town politics. 1t is feared that II
certain threatened steps are forced at the
Friday caucus, the Republican party Will
divide-part running candidates on an
independent ticket. Should this happen,
1t will, likely, prove catastrophe, for
with the increased -Democrntic rcgistra-
tion, a division in the Republican ranks
cannot be afforded.
The last official report of the number of
voters in the town of Cranston was given
yesterday as revealed by count. There
are 1861 voters on the list; but this num-
ber will, probably, be reduced to 1910 be-
fore election.
No items have as yet been sent the town
clerk for insertion in the warrant for
the approaching financial town meeting
April 20
A very good story was told few days
since by prominent citizen, illustrating
the financial condition of the town.
"Suppose man to have a mortgage of
go, 900 ON his property. for which he is
paying 4 per cent. interest. The man
yearly puts into the bank $1,000 for which
he receives 2la per cent. Would it not be
economy for the man to apply his yearly
savings to paying of the mortgage, and
not wait until his sinking fund equalled
his debt?''
The second issue OF bonds given by the
do he mn m q ORTIZ up
and the sinking fund of the town TO the
yearly savings of the MORTGAGE. The
second issue was coupon bonds TO the
amount of S135, 600. They are in the hands
of brokers and can be purchased by the
town as by an individual There Is at
presenkin in the sinking fund nearly S25,-
GOO. The interest received by the town
is not more than per cent. OF this sum,
while the bonds bear per cent interest.
1t is said by prominent citizens that the
voters at the financial town meeting con-
venej can give the town treasurer author
ity to buy up bonds TO an amount that
the sinkin fund will allow, when, in his
judgment, such purchase would be
profitable transaction for the town. IL
Is argued that the town in this case will
only be investing her own money in her
bonds, and thus getting them out of the
way. BY this action the town will be
saving money and establishing a name
that W llafterward raise the standard of
her SECURITY.
Some say the scheme is an excellent
one; but that the sinking fund money
may not be touched until it equals the
par value OF the bonds ana then it must
be use1 in purchasing the bonds. Others
say that the money may at any time be
applied toward the payment OF the bond
debt, and agree that It can be used for no
other purpose. Town clerk Waterman
says he would be pleased to sec such use
made of the money in the sinking fund.
He further says he does not see why such
use of the sinking fund would not be
carrying out the purposes for which the
money is paid, according to laws laid
down.
AVIRE IDN