| Show SALE OF BONDS TO 10 BE PO POSTPONED SIP ON ED School Board Will Not Act in inc I c Matter Until the Market Grows Stronger WILL SOON PICK TEACHERS r EXPECTED EXP QUESTION Q STION WILL BE CONSIDERED MONDAY The Tite sale salo of ot o the school bonds b m s re ro recently C tenth authorized at a c a special election be postponed until the market for such euch securities Is 1 strengthened red Tho The mat matter matter matter ter was wa to have come up before the te board of Qi education at its meeting next neit Tues Tue Tuesday day da nIght but yesterday it was wall decided to postpone action until a later date As 8 already stated In The Herald the eastern money market marlet Is la rather tight just justat justat at lat present and bond Issues are not bring ing the tho premiums they should The ex ml experience c of the Granite district was wa an example to the tho board of ot how the local I al bonds bondt might sell liell The Issue baue of ot that district bears 4 44 4 per percent cent interest but notwithstanding this fact they Ute only brought 99 9 which 1 Is II considered u a poor price I If the market for tor these securities se was good or even fair such fluch bonds should bring lW while the local bonds bearing 4 I per percent percent percent cent should bring loi Iii If f they were offered for sale at the tho present condition of at the market It Is la doubtful whether they would bring over oer i The rhe state board of land commissioners intends to bid biu on o them but hUt would probably not pay fIn any an more than par at any time as the tho board can Invest its money to better petter advantage elsewhere No has been taken by the board h ard ardor of or education as ai to where the schools which are ore to be b built with this money mone are ure to be located Of course the members in a general way have a notion as to where the structures are most badly needed and It probably will not ot take long longto to t determine their location If It f the bonds are ure not sold soon none of ot the new build buildings buildIngs ings tugs can be completed much before the fall tall of IMS ios The board will III hold bold an important meet Ins ng next ne t Tuesday at which it is 15 expected the list of ot teachers for fo n the tho en ensuing ensuing suing year ear will be given out This matter watter will be discussed in n a committee of or the whole me meeting to be held Monday even evenIng evening evenIng Ing It will undoubtedly be a 6 star sar cham chamber chamber chamber ber session as the hoard board seem to be afraid to let the public know what it la Is doing In these matters The teachers have been complaining of at the th inactivity of the tho board In making out the list for next year jear and it is thought that the protest made by them the will force torce the consideration Monday Mondy if Ir nothing else will u |
