Show BIDS FOR CITY BONDS Six Received but None of Them Acceptable ALL ASK FOR 4 PER CENT Councllnien Not Satisfied With the Offers Made as They Desire nn Interest In-terest Rate of Not to Exceed 3 12 Por Cent Tho Bids With the Exception Ex-ception of that of Harris Co Referred Re-ferred to Committee of the Whole for Action Friday Evening Combinations Combi-nations Suggested There were Severn anxious representatives repre-sentatives of big financial houses oL the country in the City Council chamber cham-ber early last evening and they are with one exception Just as much In doubt as to their fate now as they were nt the beginning The bids called for were for 230000 of the bonds of the city to be known as Salt Lake City water bonds payable In twenty years and to bear interest from August 20 19CO at a rate not to exceed 4 1 per cent The money obtained from the bonds Is to be used for the purpose of Increasing the water supply and Improving the waterworks system of the city SIX BIDS RECEIVED There were six bids In all opened and It was remarked as one after the S s 1 I tl of the Council held last evening thai each of the bidders had not seen fit togo to-go under the maximum of 1 per cent interest The bidders were Parson Leach Co New York and Chicago par value and any Interest that may accrue prior to delivery leas 500N N W Harris Co par 260 premium pre-mium and accrued Interest Lainprccht Bros Co Cleveland par value 1160 and accrued Interest to the day of sale E H Pwolllns Son Boston par accrued ac-crued Interest from date of sale to date of delivery and 303 premium Trowbrldge Mler company par value accrued Interest and premium of j 207Hayes Hayes Son Cleveland par value COMBINATION SUGGESTED There was not a little surprise manifested mani-fested by the Councilmen that nono of the bidders had gone below 1 per cent and some desultory debate followed Harttfnsleln was of the opinion that 3Vf per cent was ample Hewlett gave It as his opinion that the bidders had formed a trust agreeing agree-ing that no matter what other offers they might make for the bids they would all demand A per cent Interest Robertson wanted nil the bids turned down Cottrell was In a like mood Ilartenstcln wanted to advertise again and thought that the city could wait another month for the money If necessary Finally after much discussion It was resolved to refer all bids to the Committees Com-mittees on Finance and Municipal Laws with the City Attorney asso elated they to report to the committee Vbf thewhole 4tt which capacity the Council will meet on Friday evening at 730It It was urged by some that action should be taken at once but when the Council convened In open session a motion made by Thomas to the above effect was carried HARRIS BID WITHDRAWN < II C BaIler of N W Harris Co represented that he could not remain hero that length of time and asked that he be allowed to withdraw the corn ipanys bid and thathis certified check of S126CO be returned to him c The request on motion of Robertson was promptly acquiesced in and seemed to take Mr Bailor by surprise Let cm all go If they want to said Ferns trom That action leaves five bids to be considered con-sidered on Friday evening |