El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-02-03

chief had tested the engine and found
it all right. So ordered.
The clerk read the Ordinsnce rela-
tive to sewer connections, which gives
the board of health authority to en-
force connections. 1t was adopted,
but no newspaper was designated in
which it was to be published.
A communication from A. G. Foster
was read, the object of which was to
correct slight error in the rendition
of his property. 1t was referred 10 Tue
taxation committee.
BIDS FOR BONDS.
Under the head of unfinish ed bust
ness the council proceeded to open the
bids for the three bond issues. Before
doing so however one OF the men pre-
sent, Mr.. Watson, representing Mason.
Lewis & Co., of Chicago, was permitted
to make few remarks. He wanted IL
fully settled as to what kind OF check
was required to accompany each hid.
He commended that the check must be
q certificate of deposit on regular
banking institution and asked that
motion be adopted requiring that KIND
of check.
a.. B. Oldham of Dallas, another
bidder, fav red the proposition.
Alderman Burton said he favored
the idea and thought the matter should
be decided upon before the bids we're
opened.
All bond buyers present favored the
proposition aud Alderman Burton
moved it's adoption, Alderman Clifford
seconding the motion. It was unanl-
mously adopted. The bids were then
opened by the clerk.
Briggs, Todd & Co of Cincinnati was
the first opened; their check wasdrawn
on themselves and the bid was thrown
out without reading.
Duke M. Parsons check was drawn
on the First National bank of Chicago,
but stated on it's face that it was In
"part payment" for the bonds and as
a consequence his bid was thrown ont.
]. w. Hayes & Sons, of Cleveland,
O., enclosed check drawn on them.
selves, and their ibid went the way of
the others.
BONA FIDE BIDS.
J. B. Oldham, of Dallas, submitted
the first check which confOrmed to the
rules. His bid follows: For the en-
tire bond issue, par, interest, and pre-
MUM of 1885.
Dennison Pryor & Co. of Cleveland:
premium of S405. Proposed to handle
the issue of water bonds for q per cent
premium.
E II. Rollins & Son, New York and
Chicago: City hall and school bonds,
premium S419 25, and accrued interest.
Water bonds, par and accrued inter-
est.
Rudolph, Kleybolte s. Co.: City
hall and school, interest and premium
interest and premium of S35.
Mason, Lewis & Co., Chicago, Offer
ed $685. premium for the entire issue,
with accrued interest.
Watson, who represented the last
named firm claimed the bonds alleging
that his bid was the highest that had
complied with the conditions.
At the direction of the mayor the
council took q recess and withdrew to
the ante chamber where an animated
was held, lasting half an
hour.
When they returned the mayor an
bounced that all rejected bids would be
lead. The clerk then read them rs
follows:
Briggs & Todd, of Cincinnati;
city hall and school, par and
premium OF. ...1 ZUOU
Water bonds, par and prem
Duke M. Farson, of Chicago;
SchoOl bonds. 31O19 |
City hall ... .... 1O693
Water bonds. ............... l1557 W
Alderman Robinson moved that &C.
tion be deferred until the following /
night. Before the motion was put Mr.. |
Watson Interrupted by saying:
II wish to state that I am obliged to /
leave here and cannot remain until to-
night.
81 respectfully ask that be award |
ed the contract for I am the highest |
bidder who has put in a perfectly |
straight check and complied with all |
the conditions"
Mr.. Oldham of Dallas said all the |
checks drawn by the parties on them !
selves were absolutely void and non
He said if the council |
wanted to sell options, he would like to
another bid as he could offer
more money.
The mayor stated that he and the |
council had agreed to award the bonds
10 one of the parties who had made
'uch liberal offers.
Mr.. Reynolds, representing Rollins
Z Son, said: that not one OF the firms
vas ever known to buy bonds in the
vest and had procured options in the
anne way in all parts of the country
md got hundreds of cities into litiga-
ion and thrown bonds back on the
owns which issue them. The three
irms, he said, could not together raise
1000.
OLDHAM said Duke M. Farson adver-
ised Ell Psso's last bond issue for sale
" himself, long before the bonds were
ssued by the city.
Mr.. Watson again took the floor and
rgued that to entertain such PROPOSE
ions as the three last read was ridi