The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1921-03-04

/, to large sums during the year which
would go into the pockets of the
laboring men of this city. There
never will be question as to Man
kato having the right to use the arm
| ory for conventions, should an arm
DRY alone be built. The officers OF
the regiment are as anxious to per-
NIT the use Of the building for such
purposes AS the other citizens
Should nothing but the armory be
built at the present time, the com
handing officer and the city mayor
would have charge of the, armory,
DIR. c. j. Holman favored the arm
DRY movement and P. M. Ferguson
called attention to the fact that at
present the payroll of the military
companies in this city amounts to
$4,000 year. H. A. Patterson said
that the erection of the proposed
building would mean that labor
would receive the benefit in wages.
William Van Ness said that he
was authorized to state that the
Sohmer & Holbrook corner could be
obtained as site for $4,000 and
! that one half of that amount would
be taken back in city bonds.
Proposition For Site.
August Paegel said that he could
| beat that proposition all to pieces
He could secure the corner of North
Front and Vine streets for site al
$4,000. and what was more than that
second street, and that 5000 or $40,
OF Main street TO pay for it so that
it could be donated to the city. He
was ready to offer another site al
the corner of Spring and From street
for $4,000. Joseph Blissenbach said
that he was authorized to offer the
property at the corner of Main and
Second street, where the Wegner
dairy was formerly located for $33
600 should not stand in the way of a
corner could be secured also. August
Paegel said that he did not think
that the armory should be in the
residence district. This was also the
view of Peter Esser. F. W. Kruse
thought that the site should be some
place between Maine street and
second street, and that $4,000 or $40
600 should not stand in the way of a
desirable site. Robert Haedt said il
they woud build the community
building on his farm he would don
ate ten acres for the site.
Councilman Steiner asked Mr.
Streater what he had to say as to
the manner Of raising the necessary
funds. Mr.. Streater said that he
thought six percent bonds could be
sold. Continuing. Councilman Stein
ersaid that he wished to state that
the present bonded Indebtedness OF
the city is $375,0G0 with $4,000 out
standing in certificates of indebted
ness, which brings the total nearly
up to 100000. He stated that the
mnro hnndc iccuoH tho ,,oaro +oUoc
will have to be paid. He said that
ii would be very nice to have an
armory and community building and
the proposed new school but what
he would like to know if there is any
limit to this bonding of the city. "If
there is no limit let's go to it," said
Councilman Steiner He wanted il
made plain however, that he favor
ed the building of a armory and new
chools If it can be done within the
bonds of reason from a financial
standpoint. IF we want to run this
bonding UP into the millions, let's
hop to it but wanted to Let you
boys know that if all of these i'm
will have to foot the bills"
Councilman Hammet asked w. w
Davis of the Commercial State bank
II he thought the bonds could be
sold. Mr.. Davis answered that he
thought six percent bonds could be
sold. This was also the opinion of
Emil Schoyen, who said that if the
bonus OF one percent were made on
the five percent
that they could be floated.
Councilman Steiner said that all
propositions like the proposed in :
creased taxes of the small tax
nd fIo& I,
should have voice in the matter.
''If the game is worth the powder. .
said Councilman Steiner again Tets
hop to it, but want you to know that
the public will have to pay for it."
H. A. Patterson was of the opin-
ion that the small property owner
would not object to the increased
taxes. Mr.. Patterson said that he
would guarantee the extra one per
cent on $4,000 of the bonds, and
Louis Salet said that he would guar
antee the same on like amounts
Louis De Rosia said that he is a
small property owner, but would not
object to the extra taxes.
Taken Under Amusement.
On motion of Councilman Steiner
consideration for one week. Mayor
Waters explained to those present
that this was to give time to con-
slider number of sites offered. He
was in hopes that great deal bet
ter terms could Re secured.
1t was decided at last nights meet
ing to advertise for bids for the ex-
tension Of the water mains on Fra
zier and Givens streets in West
Mankato.
On motion of Councilman Ham
nett it was voted to have City En-
gineer NJ M. Rexford make plans
and specifications for the paving of
Pike and Exchange streets and the
Will Pay Bond Bonus.
ii a. Patterson and Louis Salet
stated last night that they will "dig
down" in their own pockets to guar
antee the extra bonds of one percent
on $4,000 each Of percent bonds
rather than see the proposition O.
building the armory go by default
This announcement was greeted
with great enthusiasm. 1t had been
explained previously that five per-
cent bonds to which the city is lin
tied in issuing do not find a ready
sale on the market.
Ted Karp and F. M. Currier,
voiced the sentiments of former
speakers in favor of the proposition,
and laid emphasis on the Importance
of making Mankato the convention
city of Southern Minnesota.
alleys adjacent.