Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1905-07-05

board is to be final one, ard must
be accepted by the city fathers. It
required some two months for the three
members to arrive at an understanding
as to the value of this land to the
city, and up to the last meeting of the
board it was an open question whether
any agreement would be arrived at.
Member Frederieks was the representa-
tive chosen by the city, and Jerry Sui
ivan was the choice made by Duke
to look after his interests in reaching
a valuation on the land. After these
two arbiters had held many meetings,
and had failed to get even close to-
gether on the point in issue, and it
was made plain that third member Of
the board must be selected, Stephens
was chosen.
His addition to the board was at
first expected to mean an early agree
ment, but after numerous meetings it
was announced that even with the
three members there seemed little pro-
spect of reaching an understanding.
Sessions were held behind closed doors
day after day, until finally business
affairs compelled some of the board
to drop the daily meetings. Upon Sui
hvan having recently been compelled
to leave town on business, it was re-
ported that upon his return final action
of some sort would surely be taken.
At the last meeting prior to that Of
yesterday it was given out without Sc
erecy that the meeting held yesterday
would certainly decide whether an
agreement could be reached or whether
on the contrary the matter would have
to be adjudicated in the courts. The
fact that price for the land has been
decided will prove of satisfaction
throughout the city.
Details in connection with closing
the deal under the terms agreed upon
must of necessity be delayed, chiefly
from the fact that John Duke is now
in Chicago, and that he must be here in
person to sign the deeds to the prop
erty the city is to purchase at the
figure compromised upon among the
members of the board of arbitration
1t has been agreed between Duke and
the city that he will accept in pay
ment for his land, water and sewer
la 1f IL ~.
not been sold. Such bonds are, of
course, to represent the amount to be
paid him for the property.
Now that the matter has been prac-
tically settled, the question of the
sale of these bonds is of especial in
terest, and it is reported that a deal
to have them taken up in the east il
about to be consummated Duke has
been notified by wire of the findings
of the arbitration board, and it is ex-
peeted will return home at the earliest
possible day to close the deal. 1t is
understood that the expense of the
board has been about 1925, and that
the sum allowed for the land included
that amount, leaving to Duke $4,000
net as the price of his land
Representative citizens last night
stated that the price fixed by the ar
biters was eminently fair to both Duke
and the city. Had there been no com
promise the city would have paid
much more for the land, it is declared,
while on the other hand, Duke would
not have netted such sum as has been
allowed him, after dedueting his at
torney's fees and other expenses of itl-
cation.
The land consists of 1000 acres, is
fenced throughout, and possesses water
rights which are especially valuable
to the city.
There are two suits now before the
courts, instituted by Duke against the
city, and these will be dismissed.
1t is understood that one of the ar
biters held out for long time for
$4,000 as being the price to be fixed
for the property.
In the end, however, the decision
was unanimous, and the trio signed
the agreement yesterday afternoon, af-
ter an all day session, there being many
minor details to be first arranged.
All the arbiters were representative
citizens, and men of good Judgment,
and their conclusions will undoubtedly
be endorsed on all sides as being the
happy solution of problem that at
one time promised protraeted and e1-
pensive litigation
Miss Theresa Frederieks, of San