The evening tribune. (Pawtucket, R.I.) 189?-190?, 1897-06-18
UP THE VALLEY.
Town Treasurer Sherman's
Statement Causes Surprise.
Is Doubtful, lie Said, II the Town
Could Sell Its Bonds at Par.
InterestIng Items OF News Gathered In the
Different Valley Villages.

The statement made by Town Treasurer
Sherman at the annual town meeting
Monday has caused considerable surprise
among the taxpayers Of the town. When
the proposition tor bonding the town debt
was brought before the meeting Mr.. Sher-
man said that nc did not think that the
bonds could be sold at par. 1t In presumed
that Mr.. Sherman, being Town Treasurer,
IL more or less In touch with the money
MARKETS OF the different states, and Is
In q position to speak with some authori-
ty; yet, when 1t IL taken into coDsidera-
tion that the assessed valuation OF the
town IL about 100000 and the bonded
debt would be only $780, 600 Mr.. Sherman's
calculations appear somewhat peculiar.
The bonded debt Of the City OF Central
Falls far exceeds in proportion TO the as
sessed valuation than the bonded debt OF
the Town of Lincoln would be; and yet,
when the City of Central Falls placed their
bonds on the market they commanded a
premium of 107. The same condition ex-
lists as to the relative standing OF the debt
of the CITY of Pawtucket to the assessed
valuation. Notwithstanding this the
bonds of Pawtucket sold tor good pre-
MUM. No sane man will deny that to
| bond the town debt would be the better
way, and the only way to find out what
| the bonds would bring would be to place
them upon the market for an experiment,
II for nothing else.
Notes Of the Valley villages.
John Cullen, Sr. of Berkeley, has returned
home from his trip to the old country.
| Highway Surveyor Connolly caused the
watering cart to be placed in service today
Newsdealer Burns received today the
largest consignment of fireworks ever sent
to one firm in this city.
Arrangements for the High School grt d.
uating exercises, which are to take place al
the Congregational Church July 2, are al
most completed.
The c. /. A. ball team will have numhe
of changes in its makeup for the gam
with the Carolinas on the John stree
grounds Saturday.
1t is said that Lawyer Vincent was no
the choice of the machine for City Solici
tor, but seeing that they were beaten the.
had to take up with him.
The examination in the graded school
was held today and the applicants for ad
mission Ito the High school next tern
were commenced in the Lonsdale schoo
house this morning.
The story which has been .circulate'
around through Valley Falls concernin
the validity Of portion Of the Jeremia
Whipple estate, is considered fake, an
no credence is placed on 1t by sensibl
people.
The horse which runaway In Pawtucke
last evening and passed through Mi
street, did some clever navigating; al
though there were several teams in tn
path of the runaway not single collision
occurred.
The Police Committee of the rrssen
Cumberland Town Council has agreed W
on changing of the beats and a reassign
ment of the various officers. The Com
mittee feels confident that the propose
new order will have the effect Of material
increasing the efficiency and discipline G
the present force. The new order will g
into effect tomorrow.
The committe on highways Of Cumber
land Town Council will visit Harrisvill
next Wednesday for the purpose of in
specting the steam roller there and tn
work that it has done. The council ha
given some consideration to this matte
and the indications, meantime, are that
15-ton roller will be purchased. The COZ
OF such roller would be between $500
and $4,000.