The Birmingham age-herald., 1919-02-25
H0RNADY'S TRIP ID
 NEW YORK WAS NOT WHOLLY SUCCESSFUL
Five Per Cent Bonds Sala- ble, But AZ Issues Will
 Go Begging, Is COm- missioner's Opinion
Of Birminghani, Ala. Statement December 31, 1918
 

T believe we will have no trouble in selling our per cent bonds for the Gen. tral High and Woodlawn High schools ' said Commissioner of Education and Health John R. Hornady yesterday, upon his return from New York; where he had been for the past week on business for the city of Birmingham, relative to the disposal of the anticipated issues of city bonds which have been approved by the people at the polls.
 T do not see any hope for the Az per cent bonds at present, however, in view of the government issues at like rate and the possibility of a still greater rate oe interest being given by Uncle Sam." said MT. Hornady. We may have trou- ble in disposing of these bonds.'
 "As 1t is well known, the people of Birmingham have authorized two bond issues for school purposes; the first issue being for $2,000000 bearing AZ per cent interest, and the other for 1000 900 bearing 5 per cent interest. The pri- mary purpose of the first issue was to build a number of new grammar schools and additions to existing buildings. The purpose of the 5, 1,0oO,0OO issue voted later, was to replace the Central High school and to erect new high school in the eastern section of the city.
 HOPES FOR HIGH SCHOOL
 Ieel tudI lIlo QTOSpeClS TOT lIle Setic of the last issue of bonds is encourag ing. believe that as soon as the gov ernment'a next issue of Liberty Bonds is out of Inc way that a profitable mar ket can be found for our per cent bonds. The outlook for the AZ per cent bonds, however, is not so encouraging. In fact, there is little likelihood of a market being found for securities of this character in view of the fact that the nos1f haS much interest, and has an issue forth coming which may bear even a larger rate of interest, so I see no prospect of our being able to begin work on our grammar school programme this year. am hopeful, however, that we will be able to get our high school under way.
 T was gratified while in New York to find public sentiment against the eff forts that are now being made by cer- tain republican congressman and sen ators to make capital out of the com paratively small number of mistakes that have been made in the manage !. ment of the war, and at the support be- ing given Mr. Wilson's programme to establish the league of nations. The feel ing seems to be general that the accom- plishments of our country in ending the Europen horror in so short time are so colossal that it is rediculous to offer criticism of mistakes that are inevitabl in handling so great an enterprise. As tS a league of nations, the people I came in contact with seem to feel that any thing which will insure the peace of the world is worth making the sacrifice for. and they seem to feel that under the leadership of President Wilson, we will not fall into error. In discussing this sub ject, pr. Fosdick said: We have learned to speak of this nation as ours, and now we must learn to speak of the world as ours and be prepared to cooperate for the common good And this seems to be the dominant sentiment of those who are thinking of the welfare of our country and of the race, rather than trying to make capital for the republican party