The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-08-12

The price at which the Of this school district
The bonds recently authorized perhaps a. much
may bond market h, time for these bonds
cannot be denied that the price con-
dollars of the of the taxpayers
f .h school denied will be- that bond
.ye $4,000 of the tranaeton through
supposed nseessse they will make this much
of the bond buyers the daily
and have yet where they Offering the bonds
municipality the Of which bond boar SIX per cent
this in fact only ninety cent
the bonds the cent being paid by the
Abbeve in which the Trustees deposit the
cney Of the High School building
IF the deposit money National Bank Of Abbe.
$500 then that belongs to the Trustees and
district and should mot be considered part OF the
buyers, reality G'eoun6ng
per and throwing of the of the
s.1payers Of this district the of $4,000,
proposed con6scates $4,000 Of the
Of this school district but it illegal and the Board
should have entered into it. The Act of the General
Assembly bonds proposed be issued specific
NY bond. be sold not less than In
circument this provision of the law bid made for these
agreement will
for the sale of bonds the National Bank
the of tho until is needed We
this shee for other than to evad the law
and do understand that the Trustees dispute the statement
heretofore been charged for selling
bonds this State commission of onehaf of
generally considered ample remuneration
f dispose of stocks bonds Therefore, eoneedng
eoeed that the Board of Trustees has right to
commission for the sale of these bonds and to for ar
- having approved again that the
yed commission to illegal
of Abbevle School District
the right throw $4,000 of the of
taxpayer. expressly declares
dat they shall lot do ~
But will be said The High
other the with which do the
s< We that The $4,000 which be
E..r bondbuye induce them buy the bonds
somebody and the this school district
fool hem.elve.hey the That $4,000
be paid from by the of this school dis
s and therefore, tho going to lose the if
skis proposed sale is contaminated
the above and the going to
$4,000 somebody $4,000
great deal for them give tho to
the bond buyers in Atlanta Gin
si other Plsee-Sond buyers whose interest h to
kp the down order that they pro6eer at the
Why only bid before tho Board of Trustees
eon.dsr.ton anyway? Does tho fact that the Board left
bid suggest consideration and manipulation
song ths bond buyer.7 going play their gamer
Thero hundred in Abbevls who able to buy
each Of bonds We had trouble last ia
E people subscribe Home Building Corporation i'm the
$4,000 and the people Of this have civic
Re patriotism really deserve school building
education Of their children they should bs willing buy
- bonds and thus give the school district in Abbev
nsed the full purchase price of the bonds tho benefit of
they rather other
who tho welfare of the
doubt, that the people would be willing
the bonds but hey have with which to buy We
willing admit there little the and that
w people could buy bonds and for he without
But the banks of this hed the people buy 100000
and financed the purchase
Of tho and the banks
Certainly should be able finance the
bonds Of 100000 for tho benefit Of tho
times Of peace they
Tie trnh is that the bans will make
undertaking. If Mr. A. the Farsrs
Rak and 81 200 with which for bonds i'm that
and eight cent for the the
be withdrawn, and should be withdrawn but
bank there left until is needed
tho bank of the borrower the full Of interest charged
should for the Of the
withdrawn 1t certain that Of this
thirty appreciable it will
from the banks for The architect
May
position finance loans subscribers the