The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-21

was reSclnQeu, ana holders OIL THESE
warrants will now encounter no diff
Guilty in getting their money.
When the board convened in the af-
ternoon Treasurer Lynn walked in car
rying large blue box, containing just
3,S40 warrants, representing a value
interest and principal, of S165, 795. 8 Z
which Messrs Mccormick and Kenyon
had presented at his office to be ex-
changed for bonds. Mr.. Kenyon was
also present, and the stock of bonds
was on the table, duly certified to and
signed.
THE NEW OFFER.
AS the board anticipated a sale of
only $4,000. amount of the original Of
fer by Mccormick and Kenyon, it was
something of a surprise when the fol-
lowing letter was read:
To the Board of County Commission
ers:
Gentlemen-I present herewith a
package containing 3,340 Salt Lake
county warrants, received from Messrs.
w. S. Mccormick and Sam Kenyon. All
of said warrants were issued for claims
against the county prior to January 4.
1896. A detailed statement of same can
be found on my check record (bond
accounD, which / herewith present for
your inspection. The face of said war
rants amount to S145.093.63. Interest on
same at per cent to October 49, 1885,
$50, 70174; total, including interest, $685.
1851
Messrs- Mccormick and Kenyon de-
sire to exchange these warrants at par
and accrued interest for Salt Lake
county bonds at par and accrued inter-
est to October 10, 1885, l desire posi-
tive instructions in the matter | de-
sire to particularly call your attention
TO warrant No. 1885 in favor of Mac
adam Rock company for s404S.7
which is included in this package. I'm
der resolution passed by your board
July Z, 1896, I was instructed to refuse
payment on this warrant. 1 ask for
special instructions on this. If this
warrant is not accepted the amount
will be as follows:
Face of warrants. S14I. O4e OF
Interest 10 October 19.....-.. 20. 100 IS
Iotal ......-.:.:..-.-....... $161.170 90
Very respectfully, w. P. LYNN.
County Treasurer.
THE MACADAM WARRANTS.
This at once opened a discussion as
TO whether the board could accept the
Macadam Rock warrant. which had
previously been repudiated. 1t was re-
ferred to County Attorney Whittemore,
and that gentleman went W to his
Office, where he wrestled with the ques-
ton good part of the afternoon.
Finally he emerged, but instead of hay-
ing written opinion, as was expected.
he simply smiled and shook his head.
The question was propounded to him.
and the attorney proceeded to say he
had looked into the matter and had
come to the conclusion that the war
rant in question could be accepted.
But why single out this Warrant?"
asked Roberts.
Whitteinore looked puzzled for awhile
Then he began to tell about the proofs
he had to show that the Macadam
Rock company's warrants could be sue
cessfully reDudiated, but" he said.
ito be consistent will recommend that
the former resolution passed repudiat-
ing this issue be rescinded."
ACTION RESCINDED.
Upon Mr.. Roberts suggestion Whit
temore drafted the following. 10 which
Roberts attached his name:
Whereas, after being further advised
as TO the facts concerning the warrants
issued TO the Macadam Rock company
and as 10 the law concerning the valid
lty OF said warrants, and being of the
opinion that the county can not sue
oessfully defend against the payment
OF the same; therefore, be it
Resolved, thar the resolution of this
board adopted July T. 1896, concerning
the non-payment of said warrants be
and the same is hereby rescinded.
The resolution was unanimously
passed. This was followed by the pas
sage OF another resolution authorizing
Treasurer Lynn to accept in exchange |
Tor county bonds the Macadam Rock /
company warrant presented by Nc
Cornick and Kenyon.
AN OPTION REFUSED.
Sam Kenyon at this point asked that
the board rescind that part of a former
resolution passed by the board au thoriz-
ing the treasurer to accept warrants
in exchange for bonds. Mr.. Kenyon !
thought that inasmuch as he and Mr.. |
Mccormick had worked up a market |
for the bonds they ought to have the I
privilege of taking the balance The 1
object Of this was to debar other bid |
ders from coming in and taking bonds /
IN exchange for warrants, giving Nc (
Ccrnick and Kenyon an absolute option [
on the entire issue except $50 900, which (
Mr.. Kenyon had no objection to the I
board contracting for
Now there were three offers in
Wells-Fargo for $4,000. L. H. Hills for |
Sll,OO9, and Margaret E. Benson for /
$1,000
$40 600, and L. II. Hills $4,000, drawing |
the line at Mrs. Benson, whose offer. 4
though practically the same as that |
of HIlls and Weils-Fargo, was not ex-
plicit.
Roberts thought Mr.. Geddes had be-
come TOO wise since he took UP the I
study of law: and wanted to stand too I
much on technicalities, whereat the /
chairman waxed warm and told the
member from Bingham that Mccormick (
and Kenyon had worked up the fond /
market and were entitled 10 the op-
ton asked for.
OTHER BIDS ACCEPTED.
After a further debate a motion by
Roberts. seconded by Christopherson.
selling Weils-Fargo $4,000, Hills $40. 600
and Mrs. Benson $1,000 carried, MIR.
Geades voting in the negative for
above set forth.
FOR EXTRA WORK.
At the morning session the board
heard evidence on the claims of j. A
Smith & Sons for s22S.60, balence due
for extra work in plastering the Joint
buiiuing. This claim has been pending