Los Angeles herald., 1908-11-03

about a private sale?" asked Judge
Works.
Patterson and I believed it would
be all right to sell privately If we could
get enough We spoke OF the city's ex-
perience. We said the ciIy had made a
f1zzle of it by not having enough
money on hand"
without further consideration than
what was held out on that day you
decided that private sale was good,
II you could get enough?"
Eyes"
"Was anything said about the ad-
Visory board?''
mo. And I want to say right here
that never agreed to consult the ad-
visory board about the sale of bonds,
but would consult them In regard to
contracts"
The August 81 meeting was taken up
and EIdridge volunteered the state
ment that Alexander on that occasion
had gone SO far as to say Martins
argument was a good one, but he OBJ
said, also liked Martins argument, but
did not like the idea of private sale.
Gives Pattterson's Views
Manning also told us Of the city's
work. Patterson said he had talked
with several people and they told him
| If he could get fair price the bonds
was w ]. Washburn, president of the
Equitable Savings bank. 1 reasoned
that II the city got Y OF per cent we
would be doing well IL we got the
same, especially as we were just
emerging from panic. Besides the
city had to pay all expenses"
'Will you explain why you did not
put the question to a test and see what
could be got for the bonds?"
simply because waS acting at the
suggestion of Mr.. Shaw, a man whom
I trust"
what did Mr. Shaw say when you
| went into the room?"
HE said there was to be PROPOSE
tion by Martin to buy the bonds at
private sale"
"Why was the question OF printing
the subject of a private session, rather
than of public meeting7"
Same as before. It was at the sug-
| gestion of Shaw"
Martin, he said, told him he had tried
to get Manning to attend the Labor
day secret meeting, but was unsuccess-
full. 81 was surprised when a lower
offer was made than at the meeting a
week BEFORE" said Eldridge, land re-
marked. I wonder how the other boys
(Manning and Alexander) will take it.
I wanted them there to hear brakes
and Adams statements. Mr.. Adams
was positive that 1t was the best offer
he could make, and I thought the
county was making a good sale. I still
think So"
Ibid Adams say anything about be-
ing unwilling to take the bonds unless
he could take them at an earlier date
than named in the deliveries, at his
option?"
"We spoke of the bonds being all
taken up and 1t was mutually under
stood that, in case of panic, they could
take them"
County Needed Money
"You didn't know when the money
would be needed?"
'T thought the county should have
100000 or $1,000,000 on hand in two
months"
"Then why did you think the county
should have all the money on hand
at once?"
''Well, think the county could spend
all the money within q few months
later"
What was the object of appointing
the advisory board?"
ITO keep the bond matter out of
politics. 1t was first started by Alex
ander. But 1t was changed before he
got through with his way of doing it.
He couldn't carry 1t through as he
wished. He wanted the City club rep
resented, and was the man who OBJ
J6CIeQ 10 LHdL pIOpDSlLlOH.
"Is the City club a political organ
ization?"
us it? Well, rather think it is.''
The supervisor told Of the acceptance
of the bid September and of the
opposition expressed by Alexander and
Manning. Eldridge said he was first
called before the advisory board. to-
gether with Patterson and Wilson,
September 10 or II. II told them point
blank" he said, 'that they were not to
be considered except in the disposal of
the proceeds from the bonds, Mr.. Bev-
eridge was honest enough to say he
looked at the matter as I did. The
argument was quite heated. What got
things a little fiery was the statement
of Patterson when he told one of the
advisory board members that he be-
lieved he and others wanted to act as
supervisors, and we to act as the ad-
visory board Mr.. Adams was present
and stated that if the advisory board
would prove anything like conspiracy
he was wiling to withdraw. Patterson,
Wilson and myself agreed to that"
Laughs at "soIId Three"
three'9"
'T don't know. There is no solid
three that know of. Yet the papers,
in their audacity and smallness, will
say solid three even IL four of us
vote on a proposition. 1 have heard
;solid three SO often pay no more at
tention to it. / wake up In the night
and see a big 81 in front of me. 1t
makes me sore"
The supervisor said speaking of the
printing bid by the w. P. Jeffries COM
pany that after the withdrawal of the
Los Angeles Trust company and James
H Adams & Co. from the September
sale, letter was received by the board
addressed to the two companies by JEFF
fries in which he said a certain expense
had been incurred in preparing the
bonds, and asking toN be reimbursed.
The letter was carried to the board by
Martin. other bidders for the printing
were present, but Jeffries' bid was ac-
cepted, the price being $2500, OF nearly
$1,000 higher than the sum for which
the Security Bank Note company Of
fered to do the work in equally as good
a way.
''Why was this done?" he was asked.
Simply because the board thought
the bid OF $2500 was superior to the
s1725: The Jeffries company is home
concern, and I am for home industry
Tt was said, also, that the Security
company had failed at one time to fur
nish bonds to the city on time. That
was another objection to 1t. Jeffries
had the time, material and place in his
favor. The Security company's. offer
f. o. b. Philadelphia, and that might
cost some hundreds of dollars, perhaps
$3.50" :.