Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-06-30
LETTER SCORES
COMMISSIONERS
Taken 10 Task for Their Action
In Regard to the Bond
Bids.
FROM CLEVELAND SOCIETY.
Claimed That Saving Company's Bid
Nas Plain aud Definite and Also
The Lowest

4 letter was received by a county
official today from the Society for saw
ings Of Cleveland, which was a bid
der on the recent rtfundlng bond is
sue in which they score the county
commissioners FOR their action In
awarding the bonds 10 a lower bidder
than the society The bid Of the So.
ciety. the letter states was clear and
definite and had Il had a representa-
tive here when the bids were optnd u
would have carried the matter into
court The soci .ty claims that its bid
was higher than Rollins 4 Sons 10y
Sl.7i5 which 20 regrets very much
that the taxpayers have lost. The
letter. which follows in fun. will be
considered by the county commission
ers az a meeting which will probably
De held this afternoons
THE LETTER,
we have received your letter OF
June II and we note your statement
that !ho county commissioners reject
ed our bid f1r ihe $4,000 OF refund
Ing bonds. and that they accepted the
hid OF +. H. Rollins a Son. although
a Was a loss 20 the county of Sl,7l5
in premium You add. as u by way OF
explanation rour bid was go am
biguous the commissioners were un-
able 10 tell whether you oherfd a
premium or offered 90 purchase as
per cent bonds
"In the ordinary course. not being
AZ this particular lime iu The market
for securities possibly we should not
have bid f1r these bonds. 40 ih" care
nest solicitation of one Of your come
missioners however. who called upon
ms al our office here .1 good faith
we submitted written n'1 reiling
The Society for SAVINGS .r the city
Of cleveland will accept and pay for
$3.50 ono. ~ per cent lnnnl- on 81
per cent interest-pay.n basis. mat Us
10 say, at price which HI make ne
bonds yield the Society Cor savings At.
per cent
There Is nothing ambiguous about
this. II is put in about as plain Jane
euage as We could well use Your
advertisement Of sale sets forth that
bids Will be entertained 10 docs not
outline any particular formula ioi pil-
ding. and Il does NOT say tnat me
amount Of premium to b. paid must BE-
stated On dollars and cents The sum
We agreed 90 pay Tor tho bonds 1s
slated On our bids is definite ana
certain, and Il Is very quickly REDUCE
bic into the exact amount ~ dollars
and cents by common mathematics ur
tables: and no one could fairly au1
honestly advise you 90 the contrary
TOO MUCH HASTE
As indicating % you thit there
should have been 30 question as OBJ ths
exact nature Of our bid "a report suh-
mittcd by letter by thc representative
OF a bond house here. present no tre
sale. written after the opening of tfe
BIDS describes the highest hil as fhat
81 the Society for the SAVINGS. $1,000
premium The only means which ilis
man had Of knowing what our f.i WAS
came 10 him through the medium of
our letter 10 the county commissions
our bid II % was patent
To this man What our language meant
why was Il not equally 30 to the cone
missioners. and n they lacked ihe
knowledge sufficient TO enable them lu-
telllgently 10 oonstrue our bid might
they not have taken counsel with those
Who were Informed ana well mtcu-
toned and have arrived AZ this same
conclusion instead Of passing with
such most unacoouniahle haste uuon
this matter of the gain or loss 20 salt
Lake county Of $500 without giving
the society an opportunity TO defend
It's POSITION
WANT FAIR TREATMENT.
The Society for Savings owns &c.