The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-15

TO exchange their bonds before Nov. 1 for
their collateral security Temple stockg Was
1t in order that the W. Q. T. U. might be re-
lsved from the moral obligation OF paying
for the bonds? Did they not know that small
amounts OF stock scattered over the country
among hundreds Of holders was ruinous TO
its value under existing circumstances, and
the poor people who exchanged their bonds for
stock would not probably during their natural
life receive any income from TT
The question may arise why then Is II Of
value to acquire II for the W. G. T. U Be
cause we are negotiating to secure it all, and
this is good time to It, when values have
so deprecated. After It lie all secured we
intend to go to the rich people Of the coun-
try and get them 20 help US pay off the $780,
600 mortgage on the building. When this Is
accomplished the stock win be valuable and
VIII pay dividends.
Mrs Carxe critieises The general officers for
going to Mr.. Field and bothering him about
the stock and continues:
However, have the pleasure 10 present to
you today most generous offer from Mr.
Field AS there has been much said in
the papers he did not want me to make his
offer public until / presented It to this body
Mr.. FIELDS OFFER.
Chicago, Ill, Nov. 2, 1898
Mrs. Matilda B. Carse, President Board
Temple Trustees. City. Dear Madam: In
/ order to enable you to make clear and def
mite statement OF my purposes in the matter
/ OF Temple debt, for presentation If desired,
I TO the coming National W. c. T. U. con-
vention to be held at St. Paul, Mimi, Nov.
II, $685. would say that IL the friends OF the
cause evince sufficient interest in the enter
prise. to subscribe an amount that will pay
of and cancel the remainder Of the Issue Of
100000 Temple trust bonds outstanding, /
will in fulfllment OF my conditional agree
ment OF Feb. 10. 1897. subsequently, rsnewed
with regard 10 date Of expiration TO Jan. l.
1899, and which / am willing 10 still further
extend 20 Jan. ], 1900, give $50 900 In stock :
and to further help the cause Will donate in
~lufu fn h. 1frA IL
payment OF 81. 900 floating debt. and $50, 900
interest the first mortgage bonds, which
Will be IN arrears on Dec l. 1895 Should the
Temple trustees decide 10 abandon the
terprise, this proposition becomes null and
void.
In the event OF the acceptance Of this
am TO retain control OF majority Of the stock
OF the building 70 long as the fret mortgage
bonds Of 100000 remain lien against the
same and are held by the Field Columbian
''''-' Marshall Field"
HIS offer is certainly most generous. and
stimulates effort In the hearts OF all who de-
sire 20 make the Temple
MISS wILLARD'S MEMORIAL
You notice he gives US until January. 1900.
to pay of the Temple trust bonds. When this
is accomplished he gives $4,000 $4,000 in
stock and 10000 In cash. the latter to be
applied TO pay OF al floating debts
on the building. caused by the past
years Of financial disaster. This IS
OF interest for loans. When the Temple trust
bonds are paid of ne can count with what
stock wa have on hand and pledged, beside
other stock l know can be secured, $4,000.
The stock account would then stand "a fol-
love: Released by the payment Of Temple
subscription in stock. $4,000. Subscribed by
ether stockholders, $50. 600. In the hands Of
Temple trustees. - coo. Total. ss19. coo. Stock
outstanding, s179 100. This am sure we could
buy for very low Agure. az It is all held.
rich men Probably for q sum not to ex-
ceed so 900.
Then we could go. as I have before iniI-
mated, 70 the rich people OF the country and
ask them TO help u pay on the $3.50, COS frst
mortgage bonds the only remaining debt on
the building, which will not be due until 1910
but which Mr.. Field offers 70 Iquidate az
any time we secure the money 10 pay for
them. Let It be remembered Il this mortgage
was paid Of Il would turn into our treasury
$50 600 year from rentals. which in the
past has gone to pay the interest On tina
mortgage. In seven years the Building 1850
citation has paid s2z1.ooo rentals towards said
TAKES AN INVENTORY
We might as well az this point take an IN
ventory Of The amount IN cash. bonds and
conditional pledges we now hold toward the
payment Of the Temple trust bonds.
Temple trust bonds donated and bonds
purchased by Temple trustees 1890. $27. 600
Subscribed By bondholders H,oeo
Other each subscriptions .-..--.-...-.. 800
Miss Dow. custodian. tapproximate)- 300
mis- leaves iizs5oo yet to Be secured. and
II this convention passes resolution 70 stand