Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1906-01-26
AGREE TO WAIT
TILL TOMORROW
Banks to Have Bonds
Before the C0mmi;-
sioners Saturday
BOARD SAYS " CAN'T WAgT
Fight on Between Banks Ready 70 P~
Interest on County Funds and
Commissioners, Who Want
TO Withhold Game for
Time.
BOARD SAYS " CAN'T WATT

The board Of county commjDDionoHD
will hold open till tomorrow noon ~
receive the bonds OF the Commercia1
Trust Bank and the First Nationan
Bank. and these institutions have de-
cided II their surety bonds are not hex9s
they Will offer personal bonds and force
an action on the distribution of thes
county money under the terms OF the
law.
II the commissioners refuse to ap--
prove these personal bonds. the county
money cannot commence to draw tn.
terest until a future meeting.
Refuse TO Wait Until Monday.
When confronted with the fact thas
| the county Is losing SO per day by noa
| having Its money on interest, the COM
| missioners agreed to wait until nOqw
tomorrow. but refused to wait until
Monday. at which time they were as
sured the bonds would be available
Had Planned to Adjourn.
At o'clock today the commissioners
gave 1t out that they expected to a0-
journ today and that they would n0G
| act on the question Of passing on thas
bonds because no bonds were before
them for action. and they had no pnsf-
tive assurance that there would be, aHd
| that they meant to adjourn till sOmDM
fixed date In the future to act ON tina
Shoshone county matter and suc1n
other business as might come up.
| But by 2 o'clock they had changettl
their mind and have given out the sSs-
| surance that they will wait till tOm0UL-
row at noon before adjourning and wtl1
act on surety bonds II they are pro-,
| sented.
This second chapter in the fight for
the immediate distribution OF thG-
county money began shortly after \:
o'clock today when w. p. Hurlbut, pro-
sident OF the Commercial Trust bank.
and w. H. Batting, hts attorney. ap--
peared before the board and asked for.
a decision as to whether the boar9'
meant to wall till Monday to pass upon
the bonds the banks would Olfer Or
whether they expected to adjourKa
| sooner.
Chairman Hollenbeck replied that an
there was nothing before the comnnS--
sioners they had decided to adjourn.
We are not refusing to act on theaE'
bonds" said he, and would act II they
were before us, but they are not arscf
we cannot sit here from day tcs &ax'
to wait for them"
Earning SIS . Day.
But" said Mr. Hurlbut do you no,
think 1t Is of sufficient moment To tirs'
county that its funds should begin Gs
draw interest at once and that your
would be justified In waiting over unniN
Monday These funds will begin draw
ing interest at the rate of from SO To-
SIS day, and that Is surely WORTH
your while We will absolutely fravs
our bonds here by Monday and do nOt'
ask for longer extension Of Time
I'VE could hold omen II we saw fft."
answered the chairman, but II we
held open for you till Monday and Nm
other banks would then come I'm xx
would he forced to give them time ana
this would be prolonged indefirfuety.
We thought we would fix a time In the
future to consider this matter
Mr. Hurlbut and Mr.. Batting Dutk'
rreed that the hanFs were acting un.
the suggestion of the commissioners
and had gone to the expense and rrrSu-
BILE Of securing bonds and that SUCH
bonds were on the road and would bE
here Monday.
). I'VE are here to ask the board to- nU16
p omen till Monday" said Mr.. Batting
1T may be that our bonds viii be fler~
in the morning IL not we might fur
!, nish personal bonds"
: Eair Erouch for Watson.
THAT proposition is fair enough fEs
a me-" said Commissioner Watson. we
cannot leave till the afternoon rfTiiN
tomorrow and see no reason why we
could not remain open to consider your
!. bonds II they are offered.
Chairman Hollenbeck favored ifnfne-
diate adjournment and said the Wof1
! had been sloughinc along now for .
X waiting for word from Boise arm
he wanted 10 close the session TO
ht IN order To make arrangements u
h his home tomorrow and did ucs
to miss a train
,der an urgent n'eo made Nv Ntfor
Batting followed hv promise U
either the suratv bonds or pT1
bond for consideration by ny@s
Irrov Chairman Hollenbeck ar ias
ented to hold open the sessi'r- q