Show I SCRAMBlE TO 1 WARRANTS City Contractors All Trying to 1 Get Out From Under Before Crash MORAN BOOSTING HIS PRICE II COULD WORK CHEAPER BEFORE CREDIT WAS IMPAIRED The rapid decline in the credit of the city and the wild panic among contractors to get out cut from tram under and dispose of at their special Improvement warrants be he before beare fore are the crash comes was illustrated yes yesterday yesterday when S Birch and M 1 OConnor presenting James P Kennedy Kenned appeared before the state board of 0 land commis commissioners commissioners and asked that body to purchase their warrants Mr Birch has already sold the board worth of ot these the e alleged securities at ati atia j I ja a It discount of ot 5 per cent Kennedy has hot had to resort rello r t to this practice as yet but Is now trying to find a market for his I warrants and hence the visit of Mr lr OConnor He will ill have about worth before the end of ot the year elir and amI Wants to get rid of ot them as soon as pos Uble tible apparently The effect that this failure to sell the contractors warrants at anything mor moN than a 5 per cent discount has another an at 1 r I feature which was illustrated yesterday esterday f at the tho meeting of the board of public works when that body rejected reject Id th the Moran bids on paving extension No Xo IS 18 because of the excessive cost This ex tx extension extension tension consists of at the th following streets North State street from tram North Temple to Second North West est Canyon anon from State to Second North Hillside avenue from State to West Vest Canyon Canon First North from tram Main to State It was proposed to pave pae this district with macadam but the price was Vas H ro FO per cent higher than the bid for forthe the Second avenue macadam let last year rear Bids on this work were opened three weeks ago Morans offer being the lowest The reason renson for tor this Is that Moran has finally discovered that he cannot dispose of his warrants except at a large dis discount discount discount count and not because the price of labor and material has advanced materially This was acknowledged by Charles D of the board last evening as being one of the causes for the increased cost Moran foran has recently advertised his war warrants warrants warrants rants for tor sale and has h s declared in his ad advertisement advertisement that they are arl a 8 good Invest Investment I ment meat He says S S he has them In all sizes and shapes When en this fact tact was com corn commented commented on the administration persuaded the contractor to cease advertising as it hurt the campaign prospects and he ap has heeded the advice Here Moran has made the boast that he did not have havo to sell his warrants at a dis discount discount discount count and that he would rather hold them than do so 80 Now he has had to Join the clamoring throng of contractors In the wild scramble to get rid of off warrants and andas andas andas as a result has Increased his prices In or der to make up for tor the loss he will wUl sus SIlS tain In cashing his pay checks |