The Waterbury Democrat., 1938-03-17

Associates
 Associated with the lowest of the four syndicates which bid on the bonds are the First Boston Corpor- ation, the Harris Trust and Savings Bank, and Eldredge and Company The call for the bids, as approved by the Board of Finance, allowed the bidders to set the interest rate and the award was made on this basis as well as on consideration Of the premium.
 The other bidders and their bids were: Halsey, Stuart & Co.,, Ban- camerica Blair O., Goldman Sachs & Co.,, and R. F. Griggs Co.,, the lat ter of this city: $1,O88,971 for both issues with an interest rate of per cent; Phelps Fenn & Co.,, $1 ,085,- 683 with interest at 4 per cent on the $245, ,OOO bonds maturing from 1889 to 1850 and 2 3-4 per cent on the $840,00O bonds maturing from 1851 to 1858; Lazard Freres & Co.,. B. J. Van Ingen & Co.,, Hemphill Moves & Co.,, Washburn & Co.,, and Boatsmen's Bank of St. Louis $1O86,616 and interest at the rate of per cent.
 Baldwin Street Project
 At the special meeting, called primarily to sell the bonds, a reso- lution presented by Democratic Aldermanic Leader Thomas P. Kelly by which Mayor Hayes enters into agreement with the State Highway Department for the Baldwin street paving job, was adopted unanim- ously. This project, to be done by the state out of part of the accum- ulated annual state grants to the city, now added to about $66,00O plus the sum appropriated out of the bond fund last night, calls for joining Baldwin street to South Main street at a point on Route ( about 400 feet south of the present entry, termed dangerous as a traf- fic hazard"
 Bond Funds
 The proposal also includes the project for which $196,000 was ap- propriated from the bond fund, for paving Baldwin street between Washington street and Pearl Lake Road, by the estimate of City Ensi- neer Charles A. Root, who outlined the projects for which the bonds will be spent as follows: The board appropriated $685. ,OOO for the paving of Baldwin street from Washington avenue to Pearl Lake road, Bank street from Center street to Porter street, and Watertown avenue from Carter avenue to Aurora street; also for sewers, water mains and other underground WorS preliminary to paving North Man street and South Main street. The state Highway Department has agreed to pave North and Soutf Main streets this year.
 The aldermen also appropriated $5,OOO from the WPA golf course fund to the WPA municipal stadium fund to allow continuation of tht work there which, currently, is em' ploying 61 men and for which there are S1 ,5UU or IeQerdI-DOuSII ouPPAAe' on hand, more to be forthcoming City Engineer Root had reported to the Board of Finance, which rec commended the procedure.
 Transfer Approved
 A transfer of $1,OOO from th' school departments boiler insurance fund to the electrical supply funt was voted. This will provide em ployment for several WPA worker by allowing leeway as regards equip ment to be supplied by the city fo the work.
 A tentative appropriation wa! made of $827.50 to continue a sew ing project, provided Controllel Sherwood L. Rowland, as he reported to the Board of Finance yesterday can find the necessary funds. Th' controller stressed that the approx innate $4,OOO balance in the WPf bond funds may not be adequate leeway" and held up the approprla ton pending examination of thu fund. The project seeks to add 2 women to the sewing work Of th' WPA group, women presently re