Los Angeles herald., 1908-09-26

sale Of the bonds and done erything
possible to bring about vacation of
the transaction.
Just a minute; don't go so fast, 7"
remarked Alexander. II have some-
thing to say. Here is q resolution that
has been submitted to the district at
torney, and he says 1t is proper TO
bring 1t before this meeting"
Alexander then read his resolution,
as follows:
whereas, There seems to be an un-
certainty in the minds o. the public as
to the rights and policy of the board or
supervisors to sell the good roads bonds
at private sale without advertising the
same In the usual manner; and
Whereas, It is our desire to remove
all suspicious and doubts in the minds
of the public; now, therefore, be 1t
Resolved, That the board of super
Visors hereby pledge ourselves to ad-
vertise all good roads bonds at public
sale at least thirty days prior to re-
ceiving bids for the same, and further
submit all matters pertaining to the
sale of the bonds and the delivery of
the same to the advisory committee be-
fore acting"
The resolution acted like bombshell,
the solid three and the opposition,
voting unanimously a few moments
before, were again split.
II move that it be placed on hle'"
said Wilson.
Second that" shouted Eldridge, with
some heat.
81 want to say that have done this
on the advice Of the advisory board,
who are looking after the interests OF
the public. I think 1t Is more to the
interests of you three men than any
one else that it be not fled" remarked
Alexander, with much earnestness.
Eldrldge BaIks
"I am perfectly willing that the bonds
should be advertised either twenty or
thirty days in advance" replied Eld-
ridge, land I was going to suggest
that such action be taken on Monday.
'Well 1 think we can take care OF
those things" replied Eldridge. The
proposition he expects to make on Mon
day, said Eldridge, Is for the adver-
tising for bids with deliveries as fol-
lows: $350,000 November /. 1908: $35O,00O
March 1, 1909; 100000 November J.,
1909; 100000 July 1, 1910; 100000 Janu-
ary 1, 1911, and 100000 July l. 1911.
when the campaign was made for
the good roads," persisted Alexander,
'It was understood the advisory board
should be considered in their DISPOSE
tion.'
"Yes; and you heard certain mem
ber of the advisory board at the first
meeting say that board had nothing to
do With the, sale of the bonds" retort-
ed Eldriidge. They can come up here
at any time, but don't porpose to run
after them. l won't play second fiddle
to the advisory obard."
"Well," remarked Capt. Manning,
'tyou know that when these bonds were
provided for 1t was understood they
would be advertised"
"And you also. know" broke in Alex
tf&I Ia 11ofc
take in many years when you made
that SALE"
"This meeting was called to give
back that check. 1t has been given
back. Now I say Alexander is out OF
order" broke in Eldridge.
Alexander Persistent
Alexander persisted that his resolu-
ton should be acted upon, but on sug-
gestion of another member of the board
he offered an amendment, asking thai
it lie over until Monday. "Now," he
said, 'I move we adjourn" and the
private sale OF the good roads bonds
was a matter of history.
Following the action Of the board ths
Los Angeles Trust company and James
FL. Adams & Co. addressed the follow
ing letter to the good roads advisory
board, through its secretary, T. w
Blanchard:
"In accordance with the attitude TAX
en- In regard to the purchase of the Los
Angeles county highway improvement
| bonds as evidenced in the communities
! ton of the Los Angeles Trust compan.
| to your committee, dated September 18
we have this day addressed a letter II
| the board of supervisors requesting {
withdrawal Of our bid.
"Following so closely upon the dis
posal of the city bonds at private sale
| It did not at the time occur to us thai
our purchase of the bonds at the price
agreed upon, which comfares favorably
with the price which has recently been
obtained for similar issues of bonds
would meet with any criticism or OBJ
lection on the part of the public.
Upon the first expression of dissat-
isfaction we, realizing the danger OF
possible legal complications causing de-
lay in the carrying out of your prof.
ect, urged that this whole matter be
thrown into the hands of your COM
mittee for investigation.
'"rhe report of your findings, by
which the transaction was entirely le-
gitimatized, placed us in a position be-
fore the public which we were entitled
to and without which 1t would have
been impossible for US to withdraw
from what we believed and knew to be
a legitimate and legal contract.
"When put in a position to do so by