Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1916-10-28

suance of bonds, these being the
printing of the bonds, the cost of the
legal investigation, and other such
.npdentals. A certified check for
Sl,oo0 was depositee with the board.
as guarantee that the contract will
be carried out
Ihe board held a meeting and dis
cuSsed the proposition earnestly and
from every angle. The matter was
considered with local bankers, and
without exception, the opinion was held
that the proposition was exception
ally good, and the price offered bet
ter than could be obtained elsewhere,
l DO not know Of any issue of
bonds Of any kind, in this state, which
has brought a better price. 1t must
be remembered, also, that the money
market even row is tighter than it
was early in August, when the pro-
position was made and adopted, and
| doubt if as good price could be OBJ
tanned now for the bonds, even from
the same people,
Board Prompted BY Desire to Serve
People.
Mr.. Coleman said further that he
knows of no law demanding that the
bonds shall be sold publicly or thru
competitive bidding, and as to any
question OF the legality of the action
of the board. he said the bond buyers
were the only persons who stood to
lose anything, if ever the courts
should decide the issue was not valid
Certainly. he said, the board did not
stand to lose anything.
at is the one object of the board
and all its members individually" he
said, "to get every possible benefit
and advantage of the schools, and in
accepting this proposition for the pur-
chase of the bond issue which is con-
templated, the board felt that it was
doing the very best possible thing for
the schools. The board would like, 10
be sure. to see local people make
profit on any action by the board or
by other Pine Bluff institution or
people, but the board certainly would
not want to see any Pine Bluff man
OF men make a profit. if it was at the
expense of the schools"
No Desire to Avoid Publicity.
Mr.. Coleman stated that there was
no desire or inclination on the part
of the board 20 keep its action secret
I'VE merely gave no thought to the
question Of publishing our action.
considering it merely one of many de-
tails whidh are being handled in the
advancement of our plans for the
erection of the new school building"
he said.
Architect Mitchell Selligman is
working on tentative plans for the
new building, and is including in his
drawings and specified tons the ideas
obtained during the recent trip by him
and Prof. Junius Jordan, city super
ntendent. TO the most modern high
school buildings of the progressive
ejentral west.
'FUntil we have received and studied
those plans said Mr.. Coleman. the
board has little idea of what it will
decide upon. nor has it any clear Idea
Of the probable amount to be eNperd-
ed. The matter is Still most indefln-
lite. because we are unable so far 80
even estimate the amount Of money
We will have TO raise for the build,
ing and its equipment. Because Of
this condition. it is impossible 10"
the board to even approximate the
the amount of the contemplated bond
issue"
Judge GOuId's Statement.
Following receipt of the infornla-
ton that the board had accepted
bid for. the bonds. and inquiry that
showed this information correct,
Judge GoulS gave out the following
statement:
1.-The school board of this city had