Pine Bluff daily graphic., 1915-10-15
fte10,ls inanciers Ready to Ian $50,000 or $100, ,O00
 on Scrip.
FREDDY GAINS l BY ARRANGEMENT
Nill Receive More for Its Money, #Wfll Be Enabled to Effect Ad- |onal Saving in Paying Less to
 Employees Who Will Get More.

len the city council ms'ets in ar session Monday night, it will ked to put the official seal of it's Wal on the action of Mayor Bloom and City Clerk William e, in ccnducting ,o-a succe ssful asion the negotiations w'l 2reby lty borrows $$50,000 for two with ,wa rants due and payable Is as security. Ire is no doubt whatever the il will affix its seal to the matter here is every indication that the will be here, the warrants de- and the money deposited to tedit of the city in its banks, in Tor the city to begin making it's ents in cash the approaching fly payday.
 kfly stated, the money will cost ty slightly over z per cent, De, This includes all the first costs. costs will not be necessary in lent the city should make further of- this nature in future years.
 city will borrow only $50,000, is all the meney it will need Try on it's business on cash for the year. This will give the loney enough to pay all it's ex- without issuing scrip to any nt the Pine Bluff company, and cmpany can finance it's scrip, it cheaper than the city can. . stated also, that should the esire to borrow another $50,000 Fear, it can do so, gatting the from the same Eastern bank the same discount or interest but cheaper because of the fact here will be no "first costs" ay> to the loan.
 Is Considered Victory.
 completion of the Negotiations loan is considered a great vic pr the city of Pine Bluff, inas- as the money is obtained on lone, which is nothing more or pan the city's promise to pay. cates that the credit Of the city Id, and that Eastern financial ts have confidence and trust in y's ability and intent to pay the Pdness when it becomes que.
 a financial victory also. in that ans a considerable saving in to the city, and gain to all pployes Of the city, as we'll as se from whom the city makes ses. Most important of all is ect on city employees of the to the cash system, because rplcyes will not have to "ped- heir scrip, and will receive money than they have in the Less Pay, But More Money.
 lradox comes to light as a re- the negotiations, in the effect employees, in that the em- will receive a lower rate of pm the city, but will get more oney for their labor.
 w scale sof wages will be adopt the city council for the city es. The scale will mean a de- In the wages paid almost every e' but the wages will be paid instead of in scrip. For the mo- in the past has been getting scrip. provision will be made Tn cash. The city thus saves
 month on this man. On the Pasls, the man has been getting cash for his scrip. So the man tuaiiy get $S more money each City and semploye both gain, re- under the new system.
 same rate of decrease in pay carried cut in all departments. police department, it is esti mat although there will be a e or about $2,00O a year in pay icemen will receive about $1,- le per year in money. The 5. It is expected, will share s@Soo per year more in real
 Paners are Signed.
 ueM E2s virtually concluded ay' shen Mayor Simon Bloom Clerk Lee received. by mail
 papers. which they signed and 2 to the New York financial which will furnish the psen expected a representa- 'ne New York bankers would
 rine Bluff today, to person se the deal, but instead, the