Omaha daily bee., 1911-12-24
AFFAIRS AT SOUTH OMAHA
Bond Firms Compete for Big Issue of
Magic City.
CHICAGO COMPANY PUTS UP CASH
Physicians Of city Examine school
Children I'm search of Detects
street Commissioner Collects
Donations for Poor,

street COmmissiOner Collects
Donations for Poor.
! Notwithstanding the fears and threats
anent the failure Of the city to float a
renewal Issue OF bonds amounting 20 SiiO q
$50 at a 4% per cent rate, Speer 6 CO.
OF Chicago last night met the city's offer
and deposited a 81 600 check as evidence
OF their good faith. In order to make
themselves thoroughly certain as TO the
standing Of the bidders tie city council
took an adjournment until this afternoon
at o'clock, when the award OF the issue
will be made final IL the company is
found TO be thoroughly responsible.
Since the notice that the city fathers
would not offer more than ga per cent
for the new issue there has been an ef-
fort on the part OF certain bond houses
to instill the council with fear that the
issue could not be made under a per
cent rate one representative OF bond
company called upon the mayor and in
sisted that there would be no competition
at the az per cent rate and that the fail
ure OF the sale of the bonds would entail
a loss OF the city's credit, 1t was also
represented that advertisement OF the
sale of the issue in eastern papers would
bring no bidders at the a& per cent rate.
Such advertisement was characterized as
a loss OF money to the city.
The mayor and city clerk, however, be-
gan to send out notices OF the sale to diff
ferent bond houses the country over. In
NEARLY every case immediate answer was
received At the meeting last night four
companies were present as bidders, Well
Roth & Co. of Cincinnati, Hoehler *
Cummings and Spitzer-R Rorick Of Toledo
and speer & Co Of Chicago. Another
company was represented but offered 10
bid
OF the bids received, Splitter Rorick,
through their agent, w. J. Long, made
a fiat bid of per cent and $50 premium
on the whole issue of Sl10,SS0. Hoehler q
Cummings offered to take the bonds at
AZ per cent, but asked $500 as commits
sion for selling the bonds. Wcil-Rot
took the same method of getting by the
"a per cent rate. They offered to accept
the AZ per cent rate. but demanded s., 500
as commission. speer & Co. offered "a
per cent rate and put up certified check
on their own house as security.
Bond Men Alert.
When the Chicago offer was read the
city councilmen Immediately began to
show signs of lhe-also the different
bond men present took a more lively in.
terest 1t was represented to the coun.
Gil that the certified check OF the Speer
house was not reliable and that by no
possibility could the sale be made at a.,
per cent.
Mayor Trainor, the council and the city
attorney concurrlng, an agreed TO accept
the Speer bid in case the house proved
reliable and OF good repute.
In the untoward event that the deal
should not be consummated Mayor Train.
or and City Treasurer John Gilin yester-
day made arrangements with the Local
banks to carry the issue until such time
as a purchaser can be found. This
viii allow the work of Improvement tc
be carried forward and at the same time
save the credit OF the city. OF the banks
that have agreed to sustain the credit
of the city, the Live Stock National, the
Union Stock Yards National and the
Packers National banks are all South
Omaha banks.
Examination of Pupils,
With the conclusion OF the week ends
the first trial Of the medical examina-
tion OF the children in South Omaha
schools.
with the concurrence of the school
board and superintendent Graham
twelve physicians volunteered their serv-
ices in the cause Of the children in the
public schools. The examination was
set for certain hours convenient to the
children and teachers and the physicians
of, the city without thought OF reward
or emolument put by their private busi-
ness to work for the physical and in
some cases It may be, the moral welfare
Of the children.
The examination was for the most
part confined to the eyes, ears, throats
and heads OF the children, though In some
cases, where circumstances warranted
the examination was more thorough.
According TO the report of the ply
sicians, the condition OF the children was
found to be very good. One OF the ex-
amining dictors rated the number OF
children affected with disease at 2 per
cent which Is regarded as remarkably
low in this community.
1t is hoped by the physicians and
school authorities TO make the system
OF medical examination and treatment in
the schools more thorough.
Collecting Donations.
over $500 worth OF food and clothing
was distributed to the poor OF the city
yesterday afternoon by Mayor Trainor
and his office force. There will be an
other distribution today to those who
have not yet received anything.
All day yesterday Street Commission
Johnson with team and wagon pa
trolled the business district and packing
house reservation collecting the donA-
tions for the mayors poor.
Nearly every merchant approached
contributed, and some even called IN
on the phone to notify the mayor that
they wanted to help. His honor. In order
20 reach the worthy ones OF the Door
called on the pastors of the city 10 sug-
gest the names OF families I'm need. A
crowd responded and the executive office
did rushing business in the afternoon
and evening.
Il wish the packers and merchants who
gave these things were here 20 see the
JOY I'm the faces Of the poor who have
benefited by the generosity" said the
mayor.
POstoffice Open sunday.