The Montgomery advertiser., 1909-04-17


 ditoas. when he had left sick bed to attend a business meeting.
 Tn contradiction, MT Moritz said . quorum had not been present
 Mir { Sullivan then said a quorum had, been present. that he could name the Aldermen who had attended. but be. cause of the delay he had left. and oth- CTS had gone with him.
 MT. Moritz said the quorum must have been present at time when he was discussing matters in the May
 Albert Strassburger. local bond broker, then asked for the privilege of the floor. A hearing being granted him, he said he had just heard of the bond proposition and wanted chance to bid on it. Mr. Straasburger said he had local people ready to furnish the money. and could make good on the proposition. He said he did not know there was such an Issue of bonds un- der consideration. and that he had the capital available, for many local peo- pie had asked him to secure good bonds for them. considering the pres- ent bonds exceptionally secure and good and would be glad to take them.
 At this Mir. Sullivan again took the floor and asked the chairman of the Finance Committee why the local bond dealers had not been consulted as we'll as the banks.
 MT. Moritz said he was not looking for hot-air. to pave streets with, for 1t took money to do the work
 Mir. Sullivan interrupted him by asking if he had received hot-air when the chairman of the Finance Commit tee visited the office of F. M. Kohn & Son.
 MT. Moritz said he had not, but that hr ool r.o ox,1z ho. half the bonds, or. provided the chair man of the Finance Committee secured $100,o00. the Kohns- would furnish the rest.
 But what want for the city" MT. Moritz said, 'is one concern to handle the entire issue. I am bond broker and 1t was only as a last resort that. contemplated handling the bonds with MT. Kohn. had gone to local capitalist. interviewed MT. Pelzer." he continued. "but on neither occasion sent to South Carolina To get the work under way. I took the subject with foreign financial institutions. The Mayor will not sign bonds unless he sees where the money is coming from"
 Alderman Thompson took the floor and said that the only way to do the thing properly would be to advertise for bids: Let the whole financial bond bidding world know what's going on." he said, "and then we will have our pick of the best. We should ad- vertise for all classes of bids. whether the works is to be done by the con tractors, the money secured in ad- vance. or the bonds fioated after the work js done The highest bidder ought to get the contract for the bonds.'
 { <.
 Mir. Thompson then moved that the entire subject be deferred for con- sideration to the Council meeting Mon- day night.
 At this motion. Alderman Johnson said that there was mot enough time between now and next Monday night to secure bids and the matter should be postponed to still further date. Then MT. Johnson asked Mir. Kohn point blank if he could secure the money if he secured the bid, and asked for "yes' or no answer.
 : MT, Kohn declined to answer In so brief a manner. and was sustained by several Aldermen, who moved to let him explain his position. Mir Kohn said his bid was already on the table. and there for the con- sideration of the entire Council, as all bids should be considered. He said
 
 Committee of the City Council. of Mont gomery9 for four years. and that in his time of official service bids were sub mitted to the City Clerk to later be opened before the entire Council and not opened by committees Then Alderman Johnson asked MT. Strassburger if he had the money. MT. Strassburger said he would. If given anything like time, submit bid and finance the work, and finance 1t with local capital. and when. he said he would do thing. he meant 1t. Cons tinuing. he said he had handled Mont somery bonds for many years and had secured the money and was willing to stand on his record.
 Alderman Johnson moved that -the city ask for written bids. each accom- panied by certified check for $1o.o0O, to be in no later than noon Monday. April 19, and that the same be opened by the Finance Committeesat meeting