The Montgomery advertiser., 1906-12-01
Good Name of Munici- pality Involved. EFFORT TO REFUND EoNDs Usual Flow of oratory in counei.
 Without Action.
 s--. Richard Tinis Has Made .-roposal 10 Tide Menteomery over a Dirlsuit PIace--veIIed Criticisms of
 Mayor Teague.

Mayor Teagae.
 Unless some one can be found who Wa reaIeVe tn. csty oI Montgomery ut the responsibility of meeting the pay nsnt o4 s4oo.JvJ city ponds, wn.cn falls due January l. or unless a pur7 chaser can be found now who wili as ee to take the refundIng ponds or the city provided the Supreme Couc, decides they can be legally issued. sued ton of failing to meet It's obl. z ations.
 This. in few words. is the position of the city as 1t was outlined by mem bers of the City Council iast night ia oratory which lasted through tw' hours and a half, without dennite ac- ton being taken. During the orationr of the city fathers, there were many Council was indebted for being In th position in which t is now placed. There were criticisms, some yelled and some more point d. on the cause of rluus proposition coming before the Legislative body at the eleventh hour. lnouiritE and criticisms alike or"u4 nt remained unchanged. Either Mont Eomsry hlust take. steps immediately to provide for the payment of tue bunds. or the bonds must be repurla- etd. and the city be placed on the b.ac nst of every company In the country which makes practice of i pu4SnaS ng city bonds.
 Gunter Sounds WarniBg.
 Tt Is the most serious question that has ever laced the Clty Council sad President Gunter in enc of his ad- dresses to the Council. Tt IS quhs- tion we cannot get around. ThF condi- ton is before us. and we have to do means to pay up, or go on record as q city that repudiated it's debt If we dc the latter. we shall give Montgom- cry a black eye from which # will not recover for fifty years
 One possible means of securing the money to save the city's Feputatiot was suggested by the special commit tee appointed some time agc. by the Council to consider the refunding bond matter. A resolution was offered by President Gurter authnrizinS the May or tG sell at private sqie ths tne Oonds ' During the course ot the argument it developed that an offer had been made by the firm of Tillis and Com. take up the bonds and to withhold d demand for payment until March l. & sufficient time for the answer Of the Supreme Court to be received, and for for their pavment-for considera ton which would approximate 5000, This offer the committee had refused, and the members last night were nn-
 
 s.reeI RaIIway Again.
 The primary object for which the special meeting of tne Council WIS or- dered last night, according tn the call. was to consider the matter Of street railways The refunding bond issue was put on the call. also but the tm- portant place 1t was to take in the deliberations of the body. was not in- dicated until after the r1eeiing was called to order. It is understood that several ordinances and resolutions h ! i been prepared and were in the hands of Aldermen who proposed to spring question of the bond issue was intro duced. street railways dropped iron the minds of the Aldermen Street raii- ways. and things pertaining thereto were eclipsed. and 1t was not until the end of the meeting that the attention of the Council was called to the fact that a difference of opinion h once existed between the Council and the Montgomery Traction Comp ny. Then the question came up on the initiat we of the street railway people. in the ger W. H. kagland of the Traction Company. that a committee be ap- pointed to confer with representa- ives of the railway company in regard to these differences The matter was dis posed of in short order by resolution offered by Alderman Holloway that the railway company be referred to the Committee on Fra1chises and PrlVl, conference might be held with the view of having the Traction Company com ply with the ordinances of the city
 A Critical Position.
 The critical poslt-on in which the city is now placed with regard to the payment of the city bonds. was placed nf the meeting had been read ny the Clerk President Gunter speaking for Alderman Lobnan. Chairman of the Finance Committed, who was late ar ek fvRa F,1n osition before the body by lntroducln one of two resolutions, which he said he had. Prefacing the resolution. he ciple opposed to 1t. but as a matter Of eXpediency he intended to vote for it The exigencies of the situation, he thought. demanded 1t.
 The e~st resnlutinn was as follows
 "A resolution-t0 authorize sale of the refunding bonds:
 Section One-Be It resolved by the City Council of Montgomery as fol- lows: That the Mayor Is hereby au- thorized and empowered to sell at prl- Vate sale the refunding bonds of the city, which we're authorized t0 be ls- sued bv an ordinance approved No. Vember 6, 1906, provided that said bonds shall not be sold for less than par. ......- -,.. That the Mayor IS hereby authorized and empowered to give an option pn said bonds but that said option shat not provide for a. sale Of said bonds for less than par"
 While stating his opposition, to the principle of a private sale, Alderman Cunipr said he would vote fol the resolution.
 Is in Severe straits.
 ''The city is In severe straits," he said We cannot get z decision from inc Supreme Court before Christmas. We can't sell tne bonds on the maI ket until we dc get such e decision. because we cannot get any lawyer to pass q favorable oplnicL on their val ue. Even if the decision of the Su. preme Court ls favorable when handed down, 1t will then be too late tD ad- vertise the bonds in time to secure a