El Paso daily herald. (El Paso, Tex.) 1881-1901, 1898-07-02
Bids For Bonds Opened.

Bids For Bonds Opened.
Last night the city council meto
open the sealed bids for the purcbe
of the bonds which the city has issd
to erect q new city hall and for ser
extension, in the city of Ell Psso.
A few minutes past eight Mar
Mspoffin called the council to orc,
and all answered to their names exct
Alderman Robinson.
After some little talk as to :
ranging the bids, motion was me
to proceed with the opening of the
Rudolph Kleybolte and Co, Of 4
cinnati. who offered s45, 900 and.
premium of $3.50: the council did
understand from the wording of ,
bid whether it meant that $3.50 .
to be the premium on each pond or
the whole. So Mr.. Wilsey, tn
agent, was asked to construct it ?
them: which he refused to do, but :
fpallv wrote out a construction of =
bid to be opened at the close of the !
ding. When finally opened it shod
that $50. 80 was meant to apply to ?
whole issue.
The next bid opened was that of.
W. Harris and company of Chic,,
who offered S45, 900 for the bonds 4
q premium of SILL. 81. G. Bari
Represented the firm at the meetini
The bid of Duke M. Farson of l.
cago was the next, and it offered T.
600 for the issue with a premiuDf
1888. SO. There was also q bid tn
this firm for the water bonds thate
| still on hand, there being 81, O0f
bonds that were bid for at par.
The fourth bid opened was that
A. Kean of Chicago, S45 900 fore
issue, with.a premium of $1OS, amor
the $14, 900 water bonds $14, 900 W
premium of 1892 But as thid
did not comply with the adverd
stipulations, whereby each bidder at
deposit q certified check of one t.
sand dollars, the bid was thrown Of
The fifth and last bid WAS that OLE
Noel Young Bond and Stock Cof
lSt. Louis, Mo-, who bid $45 ,OOG
a premium of $1462 so, with all intet
which may have accrued at timf
delivery.
j Willard Patterson of this city. }
Twas agent for the Noel Young B
and Stock Co., raised objections
nearly all bids, and when the bid
Harris and Co. was read he 'objet
1 10 bQdU SpSClol OAO vi WIG 81 ouhAo .
a clause in it made the bonds only
acceptable them if found legally is
ed, upon examination by their att
ney, Judge Woods. of Chicago.
Mr.. Barroll said to the council q
he didn't think any reliable no
would buy the bonds IT they did
think them legally issued, and If Il
would take q sensible view of the N
no,,roil could ocilv
that Messrs. Harris and comps
would not send man all the way b.
| from Chicago to buy these bond
they were not valid, and that the p
son who bought the bonds had
. right to know if they were of legal
. sue.
Argument was kept up for some
nutes between Mr.. Patterson and
lBsrrol, which was choked off by
derman Badger making the follow
motion which was seconded by AID
man Clifford:
That the BID of N. W. Harris &
(which Is here ordered to be entere,
the minutes), for the following Sc
of bond proposed to be issued: towit:
published) be accepted, it being
Iderstood that in addition to the
value and premium offered, they
D to paw the accumulated interest on
= bonds at time of their delivery.
FL The purchase and payment of
: bonds in accordance with the at
y said bid to be consummated and b.
paid for by said N. w. Harris &.
without any unnecessary delay, an
!, the 1st day of August, 1898.
After the motion was voted on
> Unanimously carried Mr.. Pattel
y insisted upon his objection and n
it out in writing, which he asked
- council to have spread on the min
of the meeting. This was done.
written objection read;
ITO the Hon. City Council of
u city of Ell PasO:
e 1.-THE Noel Young Bond and S
!, Co. insists that the bids filed by i,
. the bonds mentioned in its wri
Communication be declared the
bids offered, and be accepted, and
the bonds mentioned be delivered t
y and it objects to the consideration
l. acceptance of the bid of N. w. Hs
e Co. for the reason that it is NJ
compliance with the notice publis
by the city calling for bids, and
= poses conditions which, under the
d and the city's notice, the bidders
n W. Harris & Co., have no right to
pose.
"NOEL YOUNG BOND & STOCK
IT PATTERSON & BUCKLER, AttOrne
e After the bono sale was finished
: checks of all bidders were returne
~ them expect that of Harris & Co.
- Patterson said to the council as he
u filed his objections with the counc
didn't want his certified check retu
"a as he wanted the council to ur
"A stand that his clients had q rlgb
the bonds.
The matter of the water bonds
then taken up. Only one respon
1T house was bidding, Duke M. FARSI
/ Chicago, and as there was some
tnp6 eratap6inn ohO,f tho oocrr. 5