The Barre daily times. (Barre, Vt.) 1897-1959, 1915-02-24
Barre Is Enabled to Borrow
$47,500 at 1926 Dis
count Rate
OF FARM LOAN &
TpaNe 20, NEW YORK
,oNt
-Four Other Bids, All from
Boston Banking Houses,
Were Also Received

Barre's issue of temporary loan notes
in anticipation of the 1915 taxes is to be
taken by the Farmers Loan & Trust Co.
of New York City at discount rate OF
3.25 per cent, it being the lowest of five
bids submitted to the board Of aldermen
at the regular meeting last night. Notes
aggregating SAT 500, to be dated Feb. %
and due Aug. 10 Of this year, have been
certified by the Old Colony Trust Co. Of
Boston and will be forwarded to the New
York company at once. Other bids We're
received as follows Bond & Goodwin of
| Boston, 81; Loring, Tolman g. Tupper
of Boston, $40; Blake Bros. & Co. of
Boston, 3.97; Curtis & Sanger Of Boston,
345.
! That the city can negotiate time
| loan of such magnitude at the low fig
urc Of 325 speaks we'll for the city's
credit; that considerable number of
reputable financial houses should see fit
TO bid on the loan tends to emphasize
/ the fact that Barre loans are readily
| negotiable. Most everybody about the
oak table, and most every means every
member of the eitt administrative body
who was present tAldermen Keefe and
Hoban being ABSENT. was highly salts
fed with the result of the advertisement
for bids. The motion to accept the low
est bid was made by Alderman Cook and
variously seconded
1t may be interesting to note that the
second lowest bidding house. Curtis &
Sanger, received the 1914 issue Of loan
notes, although the successful bid was
good deal higher, comparatively, than the
bid which brought the issue to the New
York house last night. Last year the
notes were later sold by the Boston
house to the Farmers Loan & Trust Co.
of New York.
Cemetery Legislation Fails.
The proposal of the cemetery commits.
sioners to legislate for the care and
maintenance Of municipality ceme-
teries to the exclusion of burial grounds
otherwise controlled has been nipped in
the bud. The nipping process was sum
marily accomplished when the eommis
sion forwarded from the city attorney
proposed amendment to the city charter
which would permit the city council or
aldermen to appropriate annually sum
not less than 81 600 or not to exceed So
600 for the care and maintenance OF
cemeteries controlled by the city, ex-
cepting in the maintenance clause, all
lots that are covered by perpetual care
funds. Each year the residue of the
fund voted by the city fathers was TO
be returned by the cemetery commission
to the city treasurer 10 be invested IN a
sinking fund the income Of which was
to be used for care Of the same ccmr-
teries whenever needed.
Whoever fathered or framed tho pro
posed legislation failed 60 take judicial
notice of its consequences, apparently.
No sooner had the clerk finished the ten
tative amendment when the aldermen.
severally and individually, began to eN-
ercise the prod with a vengeance. That
the commission did not intend 10 ask
the council for an appropriation in the
present wear did not tend 10 soothe the
feelings Of the fathers, for they attacked
the measure viciously from the outset.
When one had declared that the proposal,
ii il should be legalized by the present
general assembly. would compel taxpay-
ers. who are now paying for the support
of what may be termed a private GENE
terv. to maintain a burial ground fT
which they have no particular use, some
one else was ready with an argument
that both of the municipality owned ccme.
teries appear % be- quite well supplied
with incomes already Il was Alderman
Cook who moved that the proposed
amendment be laid on the table and
after Alderman Kcast had seconded The
motion. il went through in = hurry.
The Town Clock Again
Tho calcium lluht shgne for q few mo.
mputs once more on the old town clock
Reporting on the proposal 20 have the
ancient tim6piece regularly wound and
oiled. thr property committee stated tnat
NJ T Aiken. y ieWeler. haa offered o. 10
those Httle chores fm s25 pFr annum,
-fralirr for thr trustee Rev. J. D.
HearIru bad promised tie ieHelcr arcess
fo ere church tosef aieHetff b. fflt lite
oiIirg aud winding Whea intefrogatri
Is Alderman Cook as e. whether il
,nrritfrr BAD seIteIted h3s ~ To- task.
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mars urfi1r o. rpt Nas aerfr4
~ a aarfrrlf uriarrl esHtea tt t
property fte
mar7gi.n1uus Ntitsrs
t us maftrs
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