Arizona republican., 1904-05-21
THE NOTES ARE SIGNED
And the Good News Has Been Wired
 to Engineer Davis.

Yesterday and the evening before B. A. Fowler devoted just fourteen hours 10 the securing of signatures to nCtes of guarantors of the Tonto road bonds 10 be issued by the city, the notes to be deposited in the Phoenix banks as collateral for cash to be advanced in payment of time checks. In this time 119 names were secure1. One was Gus Hirschfeld, who signed for S1.OOO, and counts for tEree and enc was Goldberg Bros. who signed for $600 and counts two. Four other men refused to sign but rendered the cash, which makes a total of 126 guarantcrs at S3I0 each. By little calculation it is seen that the average time consumed in securing each of these notes, was less than sev- cn minutes. And in getting the sig natures no bicycle, buggy or automo- bile was brought into actiCn. MT FoH!- Ter has a list of more than twenty-f five more men who have not yet been seen for signature but most of whom have already announced their willingness t.. sign and they will be called upon at once. probably today. The plan has been changed somewhat and for two very good reasons. Many whose names were ret previously secured, met him yesterday. with his note book and ask ed to be allowed to sign. It was de- cided then to get at least 150 signers. The first benefit to be derived is that it makes the movement that much more popular and gives a bett-r den-o-- straticn Of the unaniEitv of sentiment and an object lesson in the co-oDera- tion of community. The second req son is that in the event of any calam- ity as a result of which the city did not sell it's bends, and which there is no reasonable possibility of, the banks would then have $45,C0O security for half that much money advanced. As the notes are to be pooled. if eventual- ly they had to be paid, the individual would be held Cnly prorate which would be for S15o instead of $500 T. makes assurance Ccub,y sure, then fastens it with a lead pipe cinch.
 The contract between the committee and the banks has been outlined but 1t is not yet perfected and signed so its text is not available for publicc~ ticn. At a conference yesterday. though. it was decided to pool the notes and turn them over to one bank to ba named by the banks them-elves. as their trustee. The banks will agree among themselves respecting tho DOT tion of the money each is to advance, but any bank will cash the time checks approved by the city and at the week ly clearance of the banks On Saturday they will adjust the proportions be- tween themselves. If one has paid more than its share the matter will be equal ized.
 MT. Fowler last night wired Engineer Davis at Denver that the plan was a success and that the money is ready. This morning he will telephone Eagi- neer Hill at Roosevelt that he may be- gin throwing dirt at once as Phoenix is ready to pay the throwers.
 MT. Fowler says this work has ben the most pleasant money raising ex- perience Of any magnitude that he has ever undertaken. He has met with no rebuff and no unkind criticism. The people are in full accord and each one is anxious to do all he can tt help the enterprise along, the universal senLi- ment being We can't bu;ld~th Tontv read too sOOn"