Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-08-04
COUNCIL ALSO LISTENS TO
LA SALE STREET
CONTROVERSY

At the regular August meeting o
the city council held Tuesday evening
the committee on final ce reported tbs
sale of the Si50,000 waterworks i'm
provement bonds on a joint bid o
Gilbert. Evans and company OF thi:
city and the Harris Trust & Savings
bank of Chicago The original inten
ton Of the committe was to issue siH
per cent bonds but 1t was found tha'
the bid of the above companies fol
five and a half per cent bonds at a
premium of $3.50 would effect saving
of S13,050 in interest during the TWEEN
ty years of the life of the bonds. The
next highest bid was for six per cent
bonds at a premium of S9,457.5O, but
the committee found upon examina-
ton that the bid of the Gilbert, Evans
company and the Harris Trust * Saw
ings bank saved the city about $4,000
more than the other high bid. About
sixteen bids were received.
Are Fortunate
Alderman Paul C. Zielsdorf, address
sing the council on this subject, said
that the committee considered them
selves extremely fortunate in getting
the bonds on the market at this ime
and being able dispose of them so
readily "One city in Wisconsin" he
said, advertised for the sale of bonds
and did not get single bid. Our sue
cess speaks we'll for the money market
here. In addition to the immediate
saving of $4,000 there will be an adj
ditional saving for the purchasing
power of the dollar Is on the increase.
While private corporation bonds may
L.. II e. 90 IS fsaNA Eaf
low as four per cent, municipal bonds
generally command at least five to
six per cent"
The La Sale street dispute in which
the work of putting in a curb and gut
ter had been stopped last week by an
injunction issued in municipal court
was brought UP in a report of the
board of public works, which said as
follows:
I'VE, the board of public works, re-
specially report to you that Oscar
Weinberg, a resident owner of prop
erty abutting La Sale street, in com
pliance with the city ordinances, had
made application for a permit to con
struct a concrete curb.
when taking survey, by your city
engineer, preparatory to the construc-
that beautiful American elm tree
which has stood near the center of
La Sale street nearly half century,
might have to be sacrificed for the
purpose OF widening the driveway on
said thoroughfare
Plan Drive
when the resident owners of real
estate on La Sale street demonstrated
against the removing of said magni-
ficent elm tree, written notice to
each and every property owner as
they were known to us, had been sent
inviting them to meet with your board
of public works under said tree on
the goth day of July for the purpose
OF attaining an agreement according
to which La Sale street between JEFF
ferson and Franklin could be made
one of the most beautiful residential
sections in the city Owing to the
contour of La Sale street the idea
had been advanced to establish six
foot boulevard on the east side of said
street and twenty foot boulevard on
the opposite side of same with
twenty-foot driveway curbed on both
sides of the now existing driveway of
La Sale street In proposing IA twen-
ty-two foot wide driveway for the
heretofore mentioned street we are
guided by the fact that the eighteen
foot concrete road on south Grand
avenue accommodates more vehicles in
one hour TAT night at that than La
Sale ever will in twenty-four hours.
also saving to the taxpayers OF the
city many thousands of dollars which
filling in by changing the contour
would cost them and setting an APP
pealing example for other hillside
streets.
"A temporary injunction issued in
municipal court which. after hear
ing before said court had been sus-
tanned and made permanent, thus de-
nying the authority OF the board of
public works in said matter
We therefore recommend that your
honorable body take such action as
may be necessary to definitely settle
said matter of which the court holds
you have the authority.
I'VE also desire 10 call your atten-
ton TO the fact that after the PROPOSE
ton had been thoroughly discussed by
the property owners present at said
meeting vote had been taken result
ing In unanimous consent"
hS budiu presented resolution
to the ,effect that 1t be authorized TO
view the premises. make estimates of
the damages that will result to prop
erty owners and the benefits that will
accrue to property owners and report
10 the council
.g-",- All But Three
Alderman Borowit2 asked IL every
property holder but one, owning land
on the east and west sides OF the
street approved Of the change. Mayor
Platter said that every property own
er had received notice and all were
present at the meeting but three. The
assembled owners and the board OF
public works walked up La Sale
street from Jefferson 20 Franklin and
after inspecting the highway voted
unanimously in favor OF the proposed
alteration. Replying to question OF
Alderman Zielsdorf, he stated that
the twenty-five foot driveway was TO
extend from Jefferson to Franklin