| Show I THE CIT OND ISSUE I RECORDER BACKMAN I RECEIPT CEIPT OP TvrATJy INQUIRIES Evidently There Will Be No Lack of Bids Next Tuesday Hon Thomas Kearns Judgment In Buying Lawful Money Bonds Justified From the number of Inquires constantly con-stantly coming from the east to City Recorder Backman for information relative re-lative to the issuance and sale by the city of 500000 worth of 20year 4 per et I cent lawful rriqney refunding bonds the opinion is gaining ground that there will be no lack of satisfactory bids when the time comes next Tuesday Tues-day evening for considering proposals Notwithstanding that the city council by a significant vote substituted the lawful money clause for the words payable in United States gold coin contrary to the advice and entreaties of the scheming gold bugs both local money and eastern capital will be on hand to compete for the desirabfe and secure investment offered at not less than par and accrued interest from Sept 1 THE CROAKERS SILENCED The success of the state board of loan commissioners in contracting to sell Hon Thomas Kearns an issue of 15000 in state bonds due in 20 years at 3 5 per cent annual interest on a basis of lawful money rather than gold was an assurance to the municipal authorities authori-ties that a similar effort would yield the desired results for the city All along the local advocates of a gold bond issue by the city have emphatically emphati-cally declared that lawful money bonds would not be saleable in the east at any price OFFERED 2500 FOR HIS BARGAIN HoW sick these croakers will surely feel when they know that Mr Kearns has been offered by a New York financial finan-cial institution a premium of 166 23 for the state bonds Mr Kearns bought the state bonds for an investment and to vindicate his belief in the principles of a bimetallic standard He knows he has a good thing and would not think of parting with his bargain even if It would net him 2500 profit at this very date NEARLY A THIRD GO TO FRIENDS Mr Kearns characteristic unselfishness unselfish-ness has however enabled his Park City associates in the Silver King bonanza bo-nanza to become participants In the investment in-vestment on Sept 1 when the state bonds will be executed and delivered David Keith will take 25000 worth of the bonds and Mr Kearns will transfer to James Ivers and John E Weber a block of 510000 each |
