El Paso herald. (El Paso, Tex.) 1901-1931, 1915-01-12
BONDS ARE SOLD
T0BUILD SCHOOL
Concordia Trustees and che
Commissioners Court
Dispose of Them.

Accepting the bid Of James M. Wright
& Co., Denver, Colo, for the purchase
of the 900 worth of Concordia
school district bonds, rejecting all bids
for the purchase of the S36O,00O court
house and jail bonds, and disposing OF
several routine matters, the county
commissioners court adjourned Mon
day afternoon to meet again at
o'clock Saturday morning.
The first matter brought up at the
afternoon session was the considera-
ton of the five bids opened at the ses-
sion Monday morning. 7. NJ. herkhoII,
representing Field, Richards & Co, ad-
dressed the court, claiming that the
bid of his company amounted TO SS.4O
percent which was the highest legiti-
mate bid submitted The bid of the
First National bank, of Ell Paso, which
provided for paying One-thlrd OF the
total in six months, another third in Il
months. and the remaining third in IS
months. was not a legitimate one, he
contended, because the advertisement
called for a cash bid
Contends Bid Is Highest.
James G. McNary, vice president Oh
the First National bank. spoke in be-
half of the bid of his company, show
ing that it would pay the county about
1928 percent. or nearly par.
The question arose as to whether
the county could keep the money III
any depository other than the county
depository. c. n. Bassett, vice presi-
dent of the state National bank, the
county depository, stated that his COM
pany would be willing to give up the
depository, as it did not wish to stand
in the way of the county taking ad-
vantage of the best bid. After some
further discussion commissioner J. NJ.
Walling, after stating that he did not
think the county should sell Its bonds
below par, made the motion that all
bids be rejected. The motion pre-
vailed.
School Bonds Sold.
Bids for the ConcOrdia school district
bonds amounting to $65,000. were then
opened. Two bids We're submitte6 as
follows:
James n. Wright & Co, Denver,
Colo, par and accrued interest; COM
mission, 1920.
Continental & Commercial Trust &
Savings bank, Chicago, par and ACQUIRED
interest; commission, 4.9S percent.
The bids were referred to the Con-
cordia school trustees, who recon-
mended later that the bid of James n.
Wright & Co be accepted. An order
was passed accepting the bid when ap-
proved by the school board and the
county superintendent. 1t was also or
dered that the commission of 1920 be
paid to Charles P. Sidlow, representing
the company
The bin Of c. n. Bassett Of $500, for
the building Of the road through the
Ascarate grant. was presented for pay
ment The bill was ordered paid I
when Mr.. Bassett straightens one pOr-
ton of the road, after approval by
commissioner George PendelL
1t was ordered that the county road
from Ysleta through SOcOrro to San
ElizariO and Longs ranch be graded.
To Appraise County Property.
1t was also ordered that an appraise- |
ment of the cOunty's property, exclus ]
i've of roads, be made, and A P. Coles. I
W. H. Austin and II. B. Stevens were !
appointed to make the appraisement.
A resolution was adopted providing
that a COPY Of all orders and resolu- |
tions passed by the court be furnished |
offices and officers affected by such /
orders or resolutions. The order was /
made retroactive from November p, /
1914.
It was ordered that the allowance Of /
Jesus NUnez and his wife, as paupers, .
be discontinued. and the county treas (
urer was instructed to return to the (
such money as he held to /
their credit
jail Guards rs Jail Guards Only.
1t was ordered that sheriff Peyton /
J. Edwards be instructed TO use thu
four Jail guards, who are paid by the 4
county for the purpose of guarding the 4
jail ana prisoners only, for those duties
only, except in cases OF emergency
The court then adjourned to meet [
again Saturday morning at o'clock.