Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1914-05-19
ing Oafit BY Attempting T Dispose of City Scrip At
Less 7kan Pay-Says Cs&nty Made Bad Deal
1913 TAX LEVY FINALLY PASSED.
WHAT THE CITY FATII ERS
DID AT YESTERDAYS
SESSION AT 4 GLANCE

EESSlON NJ n y LANtE
: Sought to delay scrip deal I.
week. and succeeded in getting deaar
: called off. -
Passed tax levy Of sl.O2 l. for.
= 1913. .
Heard years report water and !.
light department.
Civic league gets permit 10 i'm
prove Washington park. .
Street and bridge committee gets .
. permit for lcycc work. 9
Tax collector authorized 10 en- 9
: ploy assistant to expedite compla .
tiOn of tax rolls q
INSTRUCTED building inspector e .
. enforce building laws. e.
Traffic ordinance passed to strcc'I
. committee. e
Mayor authorized 10 set aside : q
cleanup week.
Authorized adjustment Of market .
: rentals. .
SSSSS SSSSSSSs SsSSssss !.
Claiming that city scrip is notbine
more or less than IA city bond. and i:;,'
the members o; the city council w0 ld
violate their oath il they sold this So
for less than par. +. w. kibbc ycStcr'' .
afternoon informed the city council ~ Y
II was acting hastily in the IIamill-'e
scrip deal and suggested II delay un'.R
he could put the city in touch with suis~'
other firms who he believed could offs
better terms for a similar deal. The IVY
tion Of the council in accepting the sIE
gestion of Mr.. Kibbc resulted in j. FL
Hamilton. the prospective purchaS..,F,
later informing the council that his p -
of the contract is cancelled and that a.
the city desired 10 again take the me-
ter up with him il could communici 4
} with him and offer him "a proposiiicis
Mr.. Hamiltoa was not in the city L. \
mt the time Mr.. kibbe made his adldr,sS
to the coun"il. and did not appear uBiii
some few mines after the council bal
decided Ia delay the matter for at lea
another week. His announcement Ia h.
council was net received altogether W. a
glce by some 0f the councilmcn who -.
licvcd that his proposition offered tl,a
best opening for a way out of the cit :
present financial affairs. II is said als
that councilm,n who have been worklT
ON the matter for n considerable lcD.fh
of time will have nothing further To -
with il.
In addition 10 charging that il = 9
illegal for the city to sell its scrip ar
bond. as he termed il, AT eighty cents sn
the dollar Mr. Kibbc stated that il { a.
very bad business deal the city vsS
becoming "a partner 10. He said tLfrc
was not a municipality in Texas tsat
was selling IDS bond at less than lar.
and many of them sold their bonds3at
par and accrued interest. lie said Dat
the city in issuing scrip takes IApn
itself the same obligation Ia pay for taat
scrip as il il we're bond issue and l'iat
il is secured by the credit and good faith
of the city.
Mr.. Kibbe said that one of the wnrsl
transactions Cameron county ever mode
was when il turned down road bend
issue. which was voted on late in 1'la,
and permitted the county commission r.
Ia work the roads by issuing warr.slts
which were sold Ia J. q. Hamilton I 4
discount. He declared that this sals ~
warrants by the county had been in'dc
a laughing stnak throughout the conni ~
In explaining his appearance brf ,re
the council Mr. kibbc said he had not
done 81 in the hope of receiving any Zee
but had gone there upon the rcqursl oi
several tax payers who were not alto
gcthcr satisfied with the deal that il s-a>
planned Ia make for the sale of the sdsip
lie said he had written io several sell
known bond houses and that he hopes a
hear from them az least by the time thf
next meeting of the council il held. Al
that time he feels certain the infnrma
tion he will receive will enable him q
place the city in touch with a more sat
isfactory deal than that which has lust
been preciptatcly ended by Mr.. Ham
ilton.
II. 4. O'Brien. secretary of the Caam
Der of Commerce. appeared before IN,
city coupril in behalf of The Brown>vill,
Ladies' civic league requesting the coun
ellis permission Ia improve and bcautif,
Washington park. The request Wa,
granted without hesitanc, on the part %
the council. one Of the councilmen addin: