The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1918-02-28
TO BUILD TWO new SCHOOLS
Finance Committee Is Directed to Ask
City to Provide Fund of $3.50, 900 for
New Buildings on North and West
Sides of City to Go Up at Once.

The Board of Education in adjourned
session at the City Hall on Tuesday
evening increased the real estate hold
ings of the Board by the purchase of
twenty acres additional of the Bonney
Hame property for use for future
school purposes and at the same meet
ing voted unanimously to proceed at
once or as soon as possible with the
erection of two new school buildings
at an estimated cost of $4,000 each.
The troublesome question of provid-
ing funds for the erection of the two
new buildings is to come up before the
council at the meeting on next Monday
evening and the members of the FL
nance committee of the Board of Edu-
cation were instructed to meet with
the council committee before Monday
night in order to submit to the al
dermen the demand Of the schools.
The purchase of the remaining
twenty acres of the Bonney Hame pro
perty was a matter for vigorous dis
eussion on the part of the Board Mem
bers. Five members bitterly opposed
the proposed purchase on the SO
ground that the property was not we'll
fitted for high school site and f .the
further reason that there was
mediate demand for the property in
keeping with the original agreement
made the city will pay $4,000 for the
twenty acres and from a real estate
standpoint the purchase is regarded as
an excellent one.
When the question of the purchase
of the property finally reached the
board for a vote the vote was, for
the purchase Commissioners Glerum,
Wallis, Celander, Whitbeck, Nieman,
MeElwain, Flad, Joerndt John Rode
and Adolph Rode Against the pur-
chase Commissioners Degen, Jacobsen,
Scheafer, Meier and Leonard.
The whole tract of land now owned
by the city is composed of thirty FIVE
dCICo' ~ was dulHlbb6u bHdG GnGf6 is
no plan to utilize the property for
high school site but members who
favored the purchase insisted that the
land is an excellent buy for future
school purposes.
Members of the Board were agreed
that there is need for the immediate
construction of the two new school
buildings. 1t is planned to make them
combination Junior High and grade
schools. One will be located on the
Gillet site on the North side of the
city and the other on the site of the
present Orchard Knoll portables.
The estimated cost of the buildings
| is $280,000 this being based on figures
made some time ago and many of the
members of the Board fear that the
completion of the two buildings will
! demand larger expenditure. The
fund for the building Of one school
| building has been made part of the
budget for the coming year but it is
going to be difficult thing for the
council to raise money to provide for
school expenditures other than the
regular operating expenditures of the
board.
With no money in the City Treas
ury or in the school fund to provide
for so large an expenditure the only
way that the money could be raised
would be by the issuance Of bonds.
w. A. Heath, Chairman of the Sub
Committee on Capital issues for the
Federal Reserve, Seventh District has
sent letter to all banks and. bankers
in which he declares that the commit
tee will seek to limit issues of NUM-
loipal bonds in any city in the district
! to an amount not to exceed 800, 900
for any one year. While the Federal
Reserve Board might not be able to
stop the issue Of bonds to larger
amount it is pretty certain that it
could largely influence the market for
would find lot of trouble marketing
bonds in excess of $4,000 OF course
the bonds would have to draw at least
five percent interest in order that they
would not conflict with the government
lIiberty Loan bonds
The city may appeal to the commits,
sion for hearing IN regard to the
issuance of bonds in excess Of the
hundred thousand dollar mark but it
~~-~~~--~-o~~-~~o-~-
lCnntinued on PAGE Eival