The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1914-03-28


Young.
Reading of the minutes of the previ-
GUS meeting were Oh motion dispensed
with.
The purpose OF the meeting being to
receive and act on reports OF the COM
mittee appointed at the last meeting to
negotiate the sale of the bonds and
make loan TO fnance the leyee con-
struclion it ,his District.
REPORT OF COMEITTEE
March II, 1914.
To the Board of Commisioners for the
Fifth Louisiana Leyee District.
Gentlemen:
To carry out your Instructions, COM
mittee went to Shreveport on the 9Th
list. We consulted Hon. l.. E.Thomas,
who said he would be glad to do any
thing possible to assist us in placing
our bonds, but did not think there was
any chance OF us dIsporing OF them al
this present time at par and recon-
nended placing them with a good bond
house. He advised us to see Mr.. Jur-
don, OF she Red River Bank, who is ii
member Of the Caddo Levee b, aid ano
Mr.. Lyman Denkins, whom ne coh-
sidered the best posted nisn on bonds il
the State.
We ssw Mr.. Jordon at his suggestion.
and wrote a letter TO the Caddc Leve,
Board, stating the facts Of our bon.
issos which he prosissd ~ deliver to d
! call meeting of tnei, board and said il
they had any surplus funds he would
advocate the investing Of them In our
bonds.
We then visited the Commercial Ma
ftionsl Bank anA NIT its President, MIR.
Smith. After stating our mission, he
said. 1--WE have the very man here now
you should see," ard introduced US to
Mr.. shepperd. representing Coler &
Co., the leading banking house OF New
York. We went into conference with
him, giving bim concerning our bonds
and he promis q 10 submit bid at this
Injecting but Discouraged Hs in expecting
ito place them at par.
From Shreveport we went to New
Orl, ans, saw the Attorney General an6
stated our position to him, submitted
the question of the legality of our pay
ing a fee or commission to broker tc
PLACE bonds for us in the accompanying
letter snd have his answer attached.
We saw MIR. Denkins, OF the Inter
state Trust CO. officials Of tire Iouisi
ana Canal, Whitney Central, and thu
Hibernia Banks. None ofthem though
we could place the bonds at par, bu
would submit bids, based Oh our paying
commission TO handle them.
| Respectfully submitted,
| &c. RHODES
y. }. HAMLEY)
Ito the Beard OF Commissioner, Fiji
Louisiana Leyee District:
tGentlemens
Pursuant toyoHr instruct IONS, we me
Maj. Kerr In the meyning OF the At
inst, ard examined the cof1ition Q
Reid Biggs. There was no change /
the situation the past few days.
Mai. Kerr ordered a baguette to b
built on the river side berme srontin
Ithe settling, sir feet nigh 80 feet crow
and 200 fee. bong, in view Of She slide
resulting FROM Placing she toppin
first. Orders have been Issued fror
Engineers Ossice that the dir. IN bias
Of ievee mast be placed first, thas a
, read topped TO have the base pus in &
l. SOON az possible and the slides cut o,
ssrd refilled.
n Respectfully submitted,
r. e. c. RHODES
d TT KEEL.
3" PRESIDENTS REPORT
:, Gentlemen:
y saw the officials OF the Merchan
4. National Bank and made satisfaction
arrangements VII eitCtu iC6dtoifB- u
Ia extension OF their tosn,
4. IN view Of t&s tWeers6in tsme
c. &hieh ne vii be abe - sake it u
u. they sgyse6 10 Hsske demand no
Z. havfbs ssase rate d insessss sd vii
same ssssrty, .. "a paeAEs u u
revenues Of 1874. They stso cypress
interest in on, bo1ds ana requested VI
We send them iHtoTEseio ressfsil
h them and they wovsd inves+iE&se N
rst ~ know what they could do wi
Them Respectfully.
E C. RHODE
Of NessFs. Scott b Clements, consrN
4. srs for the Willow Feikt Lsep Levee
4, East Carroll PARISH at ne request
10 the Board, being present, agreed 90 a
at cent in payment for the balance d
them on said contract certificates OF i
~ Of indebtedness, fo' which the follows