Arizona republican., 1909-06-20

has ever been paid for like securities
 in the southwest, or possibly on the
 coast. He said he did not claim his own house to be a particularly large one in the bond buying world. but he
 had no hesitancy in saying that the
 reputation and standing of the two large companies with which it was af- filiated guarantee that any undertak- ing they might be connected with would be fully and easily carried out, and when the city had any bonds to sell in the future he wanted a chance at them. He would either buy them or make somebody else pay a good price for them.
 The bonds were noJ disposed of, however. without lively competition. As usual when Phoenix has anything to sell there were buyers galore. The next highest bidder was Lee Higgin- son X Co. of Chicago. whose bid came within $63524 of the Blanton bid. Other bidders were as follows: Otis & Hough of Cleveland; A. B. Leach X Co. of Chicago; James H. Causey & Co. of Denver; Well, Booth & Co. of Cincinnati: Commerce Trust co. of
 NtAllSciS AiNs Y 4ANil lAiAlN -NciAApAlciA Bank of Cincinnati: s. A. Kean & Co. of Chicago; Prevalent Savings Bank & Trtst CO. of Cincinnati; Mccoy X of Chicago; John Nuveen & Co. of Chicago: J. R- Thorpe of Denver; Un- ion Savings Bank & Trust O. of Gin cinnati; James II. Adams & Go of Los Angeles.
 The bonds bear , per cent and run for twenty-five years with the option that s25.000 of the issue may be re- deemed annually any time after fifteen years.
 On petition of citizens the council ordered an electric light placed at the intersection of First street and Port land place. this being but a block from sharp turn in the car line, which is quite dangerous on a dark night.
 Ordinances were passed establishing street grades in Montgomery addition and Central place and also a general ordinance covering grades of streets, lawns. street parks, Curbs, etc, the adoption Of which makes unnecessary the repetition of much of the general statements in all grade ordinances to be passed subsequently.
 An ordinance was also passed relat- ing to telephone and electric light poles. posts, trees, hitching rings, avn ings, porch posts. conduit pipes. etc. The purpose Of the ordinance is large ly to tell which side of the streets and alleys shall be devoted to the censtruc- tions of the various franchise holders, that there may not be later conflict, and also to insure the city the use of the alley centers for sewers and to cover a multitude Of similar small but important points
 Then the council passed an ordi- nance requiring that all ordinances be- fore passing must be read three times, to a committee after first reading. reported and read the third time not less than one day after read ing the second time. If amended they must also be returned to the commit tee before final reading
 A communication was read from the Consolidated Telephone company offer ing free telephones to the mayor and councilmen and other officials. and re- ducing the rates charged on other tele- phones to be used by certain of the city's employees. It was explained that some years ago the city by arrange ment had sixteen free telephones; that later the company began charging for some of them; that still later free serv- ice was given in many instances on a sort of unwritten understanding that the company was to have quite liberal powers in chopping the limbs off of