Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-12-19
AFFAIRS AT SOUTH OMAHA
Letters Come in Connection with
Sale Of Bonds.
NUMEROUS BIDDERS EXPECTED
Problem of DispoSinE of Money Dur.
ing Months Tn which Improve
ment Must Bc Delayed
stiu Remains.

Letters arc daily coming 10 tho o,eycr
and city clerk In response 70 uh9 recen.
announcement OF the SAFE or bends if,-
volvlng Sll0Spo. Whsn the notices Vur1
first sent out u was fsarud tbst OpstsrD
bond buyers would not have ti;ns 70 ~;
IN their bids before tho date c. ss;s>
December 20.
Mayor Trainor and City Clerk Franz
Good, in order TO expedite rnatteN, In.
closed a financial statement in tho LISTERS
sent TO each bond buyer. Ns n result e
Is expected that there Will DO quito a
number of bidders at the sale
There stit remains the question oe dis.
posing OF tho money In depository Fvr
;he months OF tho winter, dCrtnE when
time the improvement work ueocEssrily
must be delayed. Heretofore The loca,
banks have been accustomed 10 pay
per cent on the deposits. Recently
move was started to obtain tho raise over
the old rate OF interest. The local banks,
It IS understood, are unwilling TO pAy
more than the original per cent. which.
they maintain, is all the money IN worth
under the circumstances. Ono bank Is
understood to have made an offer OF
per cent on the deposits but the offer
was never made formally.
spltEer & Co. of Toledo have sisnifiee
their willingness TO pay per cent on
money realized from Improvement bonds
during the time that the money Is not
actually subject TO tho clty's call. CRy
Attorney II. c. Murphy favors this last
plan and has advised tho council ot hts
stand. on the other hand. the office ot
the city treasurer objects to the transfer
OF the money 10 a foreign corporation
because OF the fact that they would DO
liable for the money taken out OF It's
charge for the time OF its deposit. Tho
treasurer in the event that tho council
adopts the Toledo plan will ask to he
relieved OF his official bond insofar az
the funds in question are concerned.
Another program contemplates the
Withholding OF the sale OF bonds until
such time as they are In absolute need.
II is maintained that by such en- arrange
ment the city would not be called upon
to pay interest during the four or six
months OF winter and early spring iIz
which the work cannot be carried on.
Thomas Powers Dies.
Thomas Powers, aged "a, died Saturday
evening at the residence OF his son, Peter
Powers 296 South Twenty-fourth street.
Mr.. Powers had been retired for several
years. lie was the father OF Peter
Powers, formerly captain OF police I'm this
city. Tho funeral will he held Tuesday
morning at . o'clock at 81. Agnes church.
lnterment will be in st. Mary's cemetery.
Magic city Gossip.
William Nash of the postoffice Is recov-
ering from a sick spell.
The local national banks win hold their
annual election OF officers some time In
January.
John J. Ryan and Jack Hyatt returned
saturday from n three weeks trip 70
California and other western states
Phone Bell South s6s--Independent T.
1858 for a case OF letter Gold Top. Prompt
delivery TO any part of city. William
letter.
Mr.. and Mrs w. c. Bronson have gone
TO Brush. Colo, where they will spend
the Christmas holidays with Mrs. ,Bron-
sons parents
A union service between the Hebrew
schools OF South Omaha and Council
Bluffs took place yesterday at o'clock
In the Jewish synagogue Twenty-fifth
and streets. The occasion was tho
Lighting of the Candles" with Hebrew
teacher, s. Weber, in charge. The pro-
gram was carried out exclusively by the
children OF the two congregations. much
20 the admiration Of a large audience OF
grown folks.