Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-11-27
AFFAIRS At SOUTH OMAHA
Representative Of Bondboldsrs to Wake a
New Interest Proposition.
WOULD REFUND BONDS At LOWER RATES
Mayor and Council WIN, Have TO Ne
shown Just where Advantage tS
the City Ties Before Any
Action IL Taken.

An eastern attorney claiming to represent
the buyers Of sliSSS0 refunding bonds is
sued January 1, 1892, in the city a
few days ago looking up the history of
these bonds. This eastern man stated to
number of city officials that he would
soon present a proposition to the council
, asking that these bonds be refunded at
"a per cent. The issue is now drawing
per cent and just where the advantage
is to come i'm for the holders of the bonds
is not very clear These bonds are OPP
| tional at the expiration of FIVE years, that
would be on January l. 1897, and they are
due and payable on January l. 1910. The
| refunding of the issue before the option
| expires and reissuing the same at a lower
/ rate OF interest is considered a remarkable
| proceeding.
In the proposition to be submitted this
\ eastern representative asserts that he is
| willing to either take the cash when the
bonds are refunded or agrees to bid on the
new issue. He prefers the cash, however.
Until definite proposition is submitted the
| mayor and council will not consider the
| matter at all. And then the utmost care
will be taken before any move Is made
to offer these bonds at lower rate of in
terest before the tive-year option eX-
| pires.
| =
| . per cent interest This issue is COR 5000
and is optional and due at the same time
These two issues are the only obligations
! Of the city now drawing interest at the
| rate of per cent per annum. All OF the
| balance Of the outstanding bonds have
| been sold at ~ and per cent Interest
! While the city would save considerable
in the way of interest by refunding the
issue OF sl10,SsO. care will have to be eN-
| ercIsed to prevent these bonds from being
thrown back onto the city on account of
some legal techncality.
Sewer Matters Tonight.
! When the city council meets this evening
| the option of the city attorney on the
rights of the municipality in the Mud creek
sewer matter is to be read. Portions OF
this opinion have been published. just
what the mayor and council will do is a
question 1t is evident that something
will have to be done before April /, as
that is the time limit allowed by the fed
eral court in the cases now pending against
the city to abate the Mud creek nuisance.
There is some talk on the streets of hold
ing mass meetings for the purpose of talk
ing over the sewer bond question and the
holding of another special election, when
the proposition may again be submitted
Members of the council do not appear TO
know Just what to do they are daily
being given advice by property owners in
terested. It appears safe to predict that
another special election will he held some
time after January /, when the people
will be given another chance to vote on
bonding the city for the price of a general
sewer system.
Christian Association Rally.
Sunday afternoon there was a rally or
g,,Na tod In thn rE nf
the local Young Mems Christian associa-
ton at the First Methodist Episcopal
church j. p. Bailey, state secretary Of
the association spoke OF the needs Of more
commodous quarters here for the members.
Mr. Bailey told what was needed in the
financial line to bring about the removal
OF the association to larger rooms. No
subscriptions were taken at '.iis rally but
as considerable enthusiasm was manifest
Il is presumed that the pledges Will come
in rapidly today. The seven hustlng COM
mittees have until Thursday evening of this
week to secure $500 This amount Of
money, will pay for the construction of a
gymnasium and also the expenses of NOV
ing and fitting up the new rooms.
Adverse Report on Claims.
city Attorney Lambert has filed a report
for the city council recommending that no
attention be paid 10 the claims of Mar
garet Hogan and Jennie Murray. The at
torney asserts that the claims for dam
ages were not filed according to law. These
women assert that on November they
fell into a cesspool at Twenty eighth and
X streets. sustaining Injuries and running
their clothing. They asked damages from
the city. No amount desired TO be recOv-
cred from the city was specified, neither
were the claims filed within the time specl-
fed by law.
Two suspects Arrested.
! The police have in custody Mike Enright
and John Berry and are holding them on a
charge of suspicion. II is declared by Chief
Briggs that these men were implicated In
the holding up of a saloon and drug store
on West Q street last Friday night. Both
prisoners. so say the chief, are convicts
out on parole. Neither Enrlght or Berry
, will talk beyond insisting that they did no
: commit the crimes charged TO them. A
thorough investigation of the records OF
J the two men is to be made.
Nominate Omcers Friday.
On Friday, December. /, the members OF
the South Omaha Live Stock exchange viii
nominate officers Besides the officers thre
2 directors to serve for term of three years
: are to be nominated. While the nomina'
1 tions are made on December / of each year
[ the election is not held until month later
n As general thing the rivalry for officers
g of the exchange is settled at the nomina
I tions, there seldom being two tickets II
= the field when the election is held. At the
a present time John Fitz Roberts is presi
g dent OF the exchange.
o Magic city Gossip.
}. The new fire hall building at Twenty-fittl
h and l. streets has been insured for 50 900.
Mr.. and Mrs. J. NJ. Guild will entertain
. the Monday Night Whist club this evening
John J. Ryan has gone to the Pacf
! -. NEV.,Ngz a..