The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-08-10
TAKE BONDS HERE
Local People Win Buy All
Present Issue.
Outsiders Fail to Submit Any
Bids.
MANY ALREADY SOLD.
Rest Will Be Disposed of as
Money Is Needed.
The Elmhurst Park Proposition
Is Submitted.

Last night a special meeting of the
citv council was held especially to open
bids on the city's Improvement bonds,
but when the city fathers had gath
cred together for this purpose it was
found that the bids were a minus
quantity. The bonds had been adver-
tiSed for sale but not extensively as it
was thought that at least a fair pro-
portion Of them could be disposed of 10
cally, and as Mayor Green asserted thu
other day, even if 60 or 20 thousand dol
lars worth of the script was not sold
until November or December it would
mean a saving in interest for the city.
Il took up the matter of bonds with
the Prudential Trust Co." said Mayor
Green last night, anticipating that
there would be no bids. and they as
sured me that they would all be dis
posed of within so days"
There are in all $215,O0O worth of
bonds to be sold. The Prudential Trust
Co has already placed orders for $780,
600 worth in round numbers locally, the
city waterwOrkS has asked to be allow
ed to take out bonds to the value OF
20,0O0 and the Bank of Topeka has ex-
pressed a Willingness to handle bonds
aggregatir~ at least $4,000 This would
make a total of $4,000 of the $2l5,OOO
worth of bonds for disposal which have
alT6aOV
placed, leaving a balance of less than
$50 900 which remain to be sold. How
ever before bonds are turned over to
the bank the people Will have the hrSU
chance These are all from one to ten
year bonds bearing 515 per cent inter
est, and represent a, good solid invest
ment as the bonds are nontaxable.
As was stated in the State Journal OF
Saturdays issue since the question of
the extension of Huntoon park has be-
come a thing of the past there was
likely to be a renewed effort to BRING
about the Transforming OF a portion OF
the ElmhurSt property into public
park in spite of the fact that petitions
have been signed against such move
At the meeting of the city coun9n last
night DR. G. b. Van Horn submitted
several petitions with about hundred
signatures attached requesting the CITY
to create a benefit district to purchase
the land for the park The proposition
was referred to the streets and walks
committee.
That such park would increase the
value of real estate in the district sur
rounding is shown by the fact that one
real estate firm has been directed by an
out of town man to purchase several
lots In the Immediate vicinity OF the
proposed park should the matter go
through but otherwise make no deal
This is not the reason, however, that
the signers of the petitions have for en-
terine enthusiastically into the idea. The
chief object is to beautify that portion
of the city.
Another matter that came before the
council last night was a petition from
some North siders asking that the city
have drain pipes laid under the Santa
&c grade at the crossing of Fairchild
and Kious street to prevent stOCm
waste waters from accommodating. The
petition was the result of meeting of
the North side drainage board. 1t was
sent to the streets and walks commit
tee for serious consideration.
A number of petitions for sidewalks
came up last night and were all refer
red to the committee on streets al
walks. The first of these asked to HIVE
the walk on Lincoln between Twelfth
and Huntoon streets raised to grade.
Another asked the city to construct a
cement walk on Clay street west of
Buchanan street. and a third petition
asked for a walk on the west side of
Buchanan street from Twenty-third TO