Belding banner. (Belding, Mich.) 1889-1918, 1900-10-11
THE DEAL CLOSED.
The City Has the Park-Committee Chos-
en- to Have Charge of the
Factory Fund.

A special meeting of the city cou neil
was held at the council rooms Wednes-
day morning with all the members
present except Aid. Jersey, who is alb
sent from the city. BY special invita-
tion Messrs. Nj. NJ. and A. N. Belding
were present. The matter of the pur-
chase of the tract of land along the
river for public park, for the consid-
Grafton of which the meeting had been
called was taken up, and the first ac-
tion was the resembling Of a certain
resolution adopted at the meeting of
Sept. 10Th, in which committee was
named. A committee was appointed
OF the aldermen TO select new COM
mittee, and after a short consultation,
they reported the following names:
Mayor Francisco, L. l.. Holmes, II. J.
Leonard, L. +. ireland, Romaine Rob
inson, f. II. Spencer, NJ. j. Demorest.
These proved satisfactory TO all and
the action was ratified unanimously.
This being disposed Of, some discussion
was had regarding the improving and
beautifying OF the park. The Messrs.
Belding expressed a hope that it
might be done as fast as possible and
M. NJ. Belding again made the offer,
as heretofore stated when the project
first came up, that he would personally
give 500 for every 500 raised and ex-
pended upon it, either from the public
funds Of the city, or raised by private
subscription OF citizens. Mr.. A. N.
Beldiug not to be outdone said that he
would donate as much toward it as the
three directors of the Citizens Light
Co. combined, they having the benefit
of the city lighting contract, and being
supposed to be very much Interested in
the city's prosperity. They therefore
have the opportunity OF making Mr..
Belding come down pretty handsome
II they choose.
a meeting of the members of the
committee above chosen was held
Wednesday afternoon to consider the
part which falls to them TO perform.
Some rather objected TO giving bond
If the money was to be divided and
scattered about, but this was very hap.
PLY arranged by Mr.. Geo. w. Ellis of
Philadelphia agreeing to take the en-.
tire sum, giving his note, endorsed by
the Belding Bros, and paying five per
cent. interest This will give $500 a
year interest as long as the principal
remains intact. This should be more
than sufficient to pay the taxes upon
the factory to be built by the Beldings
but If other factories can be obtained
upon terms that seem to them advan'
tageous OF course they will draw upon
the principal, il necessary, as that i:
what it is for. And il there is bal
ance remaining on hand at the end oI
ten years, ii is TO be converted into the
city treasury.
Thus all the preliminary steps to the
completion Of this deal which mean:
so much concerning the future OF our
city have been taken and undoubt
edly before this paper is in the hands
of the reader the papers have been ex
ecuted and the thing consummated
AS the BANNER has said before we be
lieve that in this the city has taken {
big stride forward and the future pros
perity and growth never seemed so as
sured as il does at this minute. We
have always had confidence in it. bu
by this our confidence is renewed anC
strengthened. We offer you the toast
Belding, the Brightest, Best and Busi
est little city on earth.