Show NO O HEAUWA MADE YETI i I I I I the Negotiations to Sell the I I City Bonds Cit I THE MAYOR IS DISGUSTED I i WITH THE EFFORTS OF THE BUY ERS COMBINATION The Arneit Creel Gold Mining Company Com-pany Xcw Business llloclc to Uc Ejected on JIain StreetThe Loin her Market Business anti Mining Rotes Mayor Baskin and the members of the finance committee will hereafter work under cover pending the sale of the 800000 bond issue and as the mayor expressed i will not allow their left hands to know what their right hands doeth This will be especially the case with his honor who has decided de-cided to keep his own counsel and only make known to the other members mem-bers of the committee what he considers con-siders absolutely necessary When seen by the newspaper men last night the mayor stated that negotiations were now pending for the sale of the bonds and they will not go for less than par Should any house desire to bid it may do so and the offer will be given every consideration but the negotiations ne-gotiations will be carried on privately Regarding the proposition of Devan Rutledge of Los Angeles whose certified cer-tified checlifor 25000 was expected to reach the lior ciy yesterday morning the mayor was silent He has received the letter and rumor says the certified check came with i Of this no one on the outside has information and the probability is that nothing will be known on the subject for several days There may also be other responsible parties in the field in fact i is said the are several prospective purchasers purchas-ers The committee was hurriedly called together last evening by the mayor and held an hours session in the council chamber all of the members being present I was n decidedly executive session and the situation was thor oughly canvassed After the adjourn ment one of the members stated that nothing was accomplished but the mayor had told enough to satisfy the committee that the sale would be made without unnecessary delay His honor did not give the entire case away however how-ever even to the committee but with great candor announced that he would do the negotiating for some time to come and only call the committee together to-gether when the occasion demanded The bondmen are still in the city although al-though four of them last night announced an-nounced their intention of leaving for the east this morning Whether or not I they will do this remains to be seen In either event the result will be the sameit is as easy to manage a deal of this magnitude through four men as through a dozen The gentlemen of bonds do not feel that they have been fairly dealt with and contend that it was an Imposition to force them or even ask them to compete with straw houses Then again they hold that the courtesy due representatives of bond I houses of national reputation has not I been shown them by the officials of I the city They are still confident that the bonds will be sold to one or the other of the members of the ring despite de-spite the determination of the mayor and other members of the committee Speaking last night of the situation the mayor said he wasthoroughly disgusted dis-gusted with the scenes of the past two days and copsidered the entire affair i a huge farce The bondmen he afair I combined on the start and expected to be able to squeeze out any competiter I not in the ring The committee made a mistake in ever giving its hand away before the time to play had arrived is the opinion of the mayor and hereafter here-after he will deal with the buyers one at a time and in a business like manner man-ner He is firm in his determination not to allow the paper to be sold below par and ays the city can still carry on the government with the aid of warrants war-rants In the event of a failure to make a sale at this time it is very probable that the warrants will be made interest bearing This is the largest bond deal ever negotiated In this territory and its progress is being watched with the greatest interest by the general public pub-lic |