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f HAS THE AL'THORIT Y
Best Legal Authority Endorses the
Action
’OF THE CITY COUNCIL OF ROKE
As to the Sale of the New City
Bonds
NEW YORK LIFE INSURANCE COMPANY
Wirts That the Bonds Were Purcherfed in
Good Faith and That the Aproavl of the
4 Attorney and Compliance With
• tf»e Terms of Sale, the Negotiations Will be
Closed and the Question Settled*
The matter of the Rome bonds was
a leading topic of conversation yes
terday, and many were the criticisms
passed
Yesterday’s Tribune told of the
telegram sent by Col. I. D. Ford to
the JJew York Life Insurance com
pany, and of the subsequent pro
ceedings. As told in yesterday’s
Tribune, the New York Life wired
Mr. Hughes that “City Attorney I.
D. Ford” had wired them that Rome
'had no authority to issue gold bonds.
It is needless to say that no one be
lieved that Mr. Ford had intimated
that he occupied any official connec
tion with the city, and all felt that it
was simply a mistake of the New
York parties in speaking of him as
city attorney.
However, to make matters perfectly
clear, a Tribune man saw Col. Ford
yesterday, and got from him a copy
of the telegram sent by him. This
copy reads as follows :
“Rome, Ga., May 23, 1896.—New
York Life Insurance Company, New
York City.—City of Rome not au
thorized to issue gold bonds. See
Georgia statutes of 1895, page 278,and
decisions of various courts on such
acts. I. D. Ford.”
Mr. Ford stated to the Tribune
man that he was sure the council had
not secured the best terms possible
trade, and he was certain, in
his own mind, that gold bonds would
be illegal. He feels that the council
have not acted in good faith with the
citizens and with the other bidders.
That seems to be his position.
Here is a copy of a telegeam sent
yesterday:
New York Life Ips. Co., N Y. City :
I did not telegraph y ou about Rome
bonds as city attorney, but did so
under competent legal advice.
I. D. Ford.
’ Rome Has the Authority.
But that Rome has the authority to
issue gold bonds is the unanimous opin
ion of the members of the city council,
and of such attorneys as have been seen
by a Tribune man. *For the informa
tion of the citizens and others, the
Tribune gives below the act referred to
in the telegram of Mr. Ford. It will
be seen that the city may sell the bonds
for ‘ ‘money,” and it will also be seen
that the mayor and council “may pro
vide for such additional provisions in
the face of said bonds as may be neces
sary to the negotiation. ’ ’
This seems to make it plain that
Rome can issue gold bonds, and it is to
be hoped that the telegram of Mr. Ford
will not have the effect of making timid
the New York Life, and thereby break
ing the trade. It is not believed that
that this will be the case, but under any
circumstances the action is generally re
garded as unfortunate.
In Good Faith.
Yesterday Mr. B. I. Hughes received
the following telegram in response to
the one sent by the city attorney Mon
day night:
New York, May 25.
B-1 Hughes, Rome, Ga.:
We bought in good faith, and will
gladly take the bonds if our attorney
approves, and other conditions are
complied with. E N. Gibbh,
Treasurer New York Life Ins. Co.
The following is the act referred to
in Mr. Ford’s telegram :
Section 1 Be it enacted, That for
the purpose of paying off or funding
tjie bonded debt of the eity of Rome,
which matures on the first day of
h July, 1896, the said city may issue not
exceeding one hundred and sixty-nine
thousand dollars of bonds, in such
k denominations and bearing such date,
’ and such rate of interest, payable
semi-annually, as the mayor and
council of said city may by resolution
direct. The said bonds shall mature
thirty years from the date thereof,
and the said bonds and the interest
thereon shall be payable at such place
or places as said mayor and council
may by resolution direct.
Bkc 2. Be it further enacted, That
said mayor and council may, by reso
lution, provide for th* incorporation
of such additional provisions and
stipulations shall be and become a
K part of the contract as if the same
I had been herein set forth.
Sec. 3 Be it further enacted, That
“ the city of Rome may exchange said
bonds, or anj r part thereof, with any
holder or holders of the bonds of said
that mature in the year 1896, and
I settle the difference in the interest
j account with any such holder or hold
ers, on such terms as may be agreed
L on by said city, and such holder or
of said bonds. The said city
may sell the said bonds or any part
■ thereof for money, the said money to
be held and used only for the redemp-
■ of the bonds of said city which fall
[ due in said year.
Sec 4. Be it further enacted, That
B the old bonds so retired shall be
■| stamped paid and from time to time
■ and within thirty days after the same
Mor any part thereof are paid, be can-
by the clerk of said city in the
■ presence of the said mayor and conn
B cil, and description of said bonds, in-
■ eluding the numbers and denomina-
F tions thereof so cancelled shall be en-
tered on the minutes of the said
mavor and council.
Sec. 5. Be it further er acted, That
the sinking fund of $5,000 provided
for, and required to be annually raised
for the retirement of the bonds of the
city by sections 51. 53,54, 55 and 56 of
the act of the general assembly of
Georgia, then Known as the “Charter
of Rome,” approved September 25th,
1883, and contained in the correspond
ing sections of the present city code,
from and after the year 1895, shall
apply to and embrace the bonds au
thorized to be issued by this act, as
well as the remaining bonded indebt
edness of the city now amounting to
$120,600, so that said sinking fund
shall be available for the retirement
of any of the bonds of said city.
Sec. 6. Be it further enacted, That
the coupons of said bonds shall, on
and after the maturity thereof, be
received for taxes due the city.
Sec. 7 Be it further enacted, That
said mayor and council shall, from
time to time during each year, pro
vide for the payment of the interest
on said bonds at or before the ma
turity thereof, and for the payment of
the principal at maturity thereof, by
the levy or levies of sufficient taxes
for such purposes on all property
subject to taxation by said city.
’ SIFTED SIDEWALK TALK. \
i
i “Talk about two heads being better
than one,” said the man about town yes
terday, “but the one J had yesterday
morning was quite sufficient for me,”
and he dragged himself into the drug
store and called for a bromo-seltzer.
I
I The coming bicycle races are creating
quite a lot of enthusiasm an ong the local
wheelmen. Every afternoon the bluff
road is crowded with a lot of cyclists
who are in training. “Talking about
I bicycles,” said a scorcher yesterday,
I “there is one evil that demands instant
1 attention of wise legislators. No one
I who has walked the streets of Rome can
be blind to the fact that there is increas
ing on the part of the walking minority
! an apparently studied purpose to qnnoy
I and haras the subiquitous wheelman.
! Daily the news columns of the papers
offer testimony to the recklessness of
, men and women who plant them
selves ahead of the swift wheel, with
1 the result that the costly machine is,
i perhaps, ruined, and its rider counted
lucky if he gets off with less than the
loss of his life. This must stop. It is
time that the man who gets in front
of a bicycle, endangering thereby the
rider’s life and property, should be
severely dealt with. I do not care
1 how severe the law shall be; I only
’ insist that it shall not be so light as to
be inoperative.” And then when
someone suggested that the pedes
trians had some rights that ought to
be respected by the wheelmen, the
speaker moved off with a pained ex
pression on his face.
“I would love to go across the
ocean,” said an old soak yesterday.
“Why?” asked a friend.
‘‘You can drink all you want to and ,
everybody thinks you’re only sea- j
sick.”
' Yesterday was el big day at all the !
soda founts, and the “jirkeTs” were]
kept busy all day. It was the hot-'
test day of the season, and great
crowds sought relief in this beverage. ’
“We have done the biggest day’s
work of the season,” said a soda
water man last night,” and if this
keeps up much longer I’m going
ing to get me a job driving an ice
wagon or something else. Yes, it has
been a very dull day—nit. ”
If I ever get to heaven and don’t
find all the Rome people there,” said
a commercial traveler, who hails from
up North somewhere, Sunday, “I will
be the worst surprised man there.
Why, a man can’t even buy a cigar
here on Sunday, much less a glass of
beer or something stronger,” and he
walked mournfully over to the ice
cooler and gulped down three glass
fuls without stopping. Rome is the
most moral and most religious town
of its size in the state and that’s a
well known fact, and the recent re
vivals at two of the most prominent
churches have tended to make it more
SO.
Dick Aycock was in town yester
day, and says he found fourteen dead
candidates the other day. They
never will be missed.
Have you seen that elegant dis
play of Reservation goods st
Thos. Fahy’s? My, they are
pretty, and the most stylish things
ever brought to Rome.
Don’t
Go against your own interest.
Don’t . .
Buy any but the purest,
freshest and best groceries.
Don’t
Forget the place to buy them,
go to L G. TODD,
333 Broad St., Rome, Ga.
Don’t
Forget that this store house is
full up with everything in the
way of Flours, Hams Break
fast Bacon, Coffees, Sugars,
Mince Meat, Pickles, Crackers,
Candies, fruits of all kinds,
Butter, Eggs, Chickens, Vege
tables, Strawberries, etc.
Don’t
Forget that his prices are the
lowest.
L. G. TODD.
B. F. ROARK,
The
Jeweler,
No. 317 Broad St.,
Rome, Ga.
THE nOME TRIBUNE, WEDNESDAY, MAY 27, 1896.
COUNCIL MEETING
The Official Account of the Proceed
ings
DETAILING OPENINGS OF THE BIDS
f
| For the New City Bonds and How They
Were Finally Disposed of to the
New York Life.
May 20th.
Present, the Mayor, S. S. King and
councilmen J. Branham, Thompson
Hiles, George F. Chidsey, J. A. Glover,
W. J. Gordon, S. D. Hanks, J. A. Gam
mon, T. L. Cornelius and Lindsay John
son. The council proceeded to consider
the question of the sale of bonds for the
purpose of refunding the bonds of the
city which fall due July Ist, 1896.
There were present Mr. Ober and Mr.
Samuel Funkhouser, who proposed to
negotiate the bonds with the Fidelity
and Deposit company of Maryland.
The offer of Mr. Ober was for the
whole issue of $169,000 at 95 cents net
to the city for a currency bond, bear
ing 5 per cent interest The offer
was verbal without deposit of check
required by the advertisement.
Mr. W. H. Patterson, of W. H.
Patterson and company of Atlanta,
put in a sealed bid as follows: To
buy from the city $169,000 30 year g
pei cent gold bond at par, and 92
cents for a 4 1-2 per cent gold bond,
and offered to deposit the check re
quired by the advertisement if their
bid was accepted.
Mr. W. P. Simpson, president .of
the Exchange bank of Rome, en
closed a bid for another party with
the understanding that the Exchange
bank would be allowed 1 per cent
brokerage if this bid was accepted-
The terms ©f the bid are not stated,
as telegram containing it with
drawn. ,
The bid of S. A. Kean, banker of
Chicago, was read for $169,000 30 year
5 per cent bonds at par, subject to
legality and satisfactory statement.
Check not deposited with bid. Mr.
Ober protested against this bid upon
the ground that Mr. S. A. Kean was
not responsible. ,
The following telegram from Ed
ward N. Gibbs, treasurer of the New
York Life Insurance company was
read: “B. I. Hughes, Rome, Ga.
We accept, subject to approval of our
attorney, city’s offer of bonds to be
issued according to letter of the 12th.
Legal papers written fer today. ”
Terms of letter of 12th inst. as fol
lows: ‘‘We are ready to take the
Rome bonb on terms offered by Mr.
Richards, namely, 30-year gold, en
graved, registered 4 1-2 per cent at
par, subject to the approval of our
counsel as to legality. If this propo
sition is accepted by the city, we will
have our attorney examine the ,
validity of the issue and prepare the
necessary ordinances to be passed by
the council and have them sent at
once.”
The minutes of the meeting of the
15th inst. were then read and ap
proved, with the addition made by
direction of council. Upon this mo
tion to approve there was a call for
the yeas and nays, and a vote was
taken as follows: Yeas—Councilmen
Hiles, Glover, Hanks, Gammon and
Branham. Nays—Councilmen Chid
sey, Gordon, Cornelius and Johnson.
It was then ordered that a record
be made of the votes cast at the meet
ing of May 15th upon the bond reso
lution, and the vote was declared to
be as follows: Ayes—Councilmen
Hiles, Chidsey, Gordon, Hanks, Cor
nelius and Lowry. Nays—Council
men Glover, Gammon, Johnson and
Bianham.
It was moved that it is the sense of
the council that the option tq Mr. B.
I. Hughes begun to run at 11:30 a. m.
on the 16th inst., when official notice
was given to Mr. J. H. Reynolds for
Mr. Hughes. The motion was de
feated by a yea and nay vote as fol
lows: Yeas Councilmen Glover, •
Hanks, Gammon and Branham. j
Nays Councilmen Hiles, Chidsey, i
Gordon, Johnson and Cornelius.
It was then moved that it was the |
sense of the council that the option
of Mr. B. I. Hughes lasted until 6
o’clock on Monday, the 18th inst.,
which motion was defeated by a viva
voice vote.
Upon motion it was resolved that
the contract with the New York Life
Insurance company under terms as
stated in the minutes of the 15th inst.
be closed to wit: That the city would
sell to the parties whom Mr. B. I.
Hughes represent $169,000 of gold
bonds at par, and allow Mr. Hughes
a commission of 2 per cent for selling,
and also the sum of $250 to ay for
printing the’bonds to be issued. All
other expenses of every character
connected with the issue of the bonds
to be borne by Mr. B. I. Hughes and
those whom he represents. This mo
tion.was carried by the following yea
and nay vote. Yeas Councilmen
Cornelius, Hiles, Chidsey, Gordon,
Hanks and Johnson. Nays—Coun
cilmen Glover, Gammon and Bran
ham. It was added to the foregoing
resolution that Mr. B. I. Hughes was
to handle the old bonds and exchange
them for the new ones without any
charge for exchange.
Council adjourned.
Halsted Smith,
Clerk Council.
Council Meeting, May 25th.
Present, the mayor, S. 8. King and
Councilmen J. Branham, J D.
Hanks, Thompson Hiles, S. M. Low
ry, W. J. Gordon, Geo. F. Chidsey;
J. A. Gammon and Lindsay Johnson.
The minutes of previous meetings
were read and confirmed.
Petition of W. F. Carter and com
pany for permission to change their
place of business to 318 Broad street,
granted. The next door neighbors
having consented thereto.
Bond of John M. Quinn as city
treasurer for $15,000, with I, D. Ford
and G. J. Briant as sureties having
the approval of the finance commit
tee, was accepted by the council.
Petition of E. T. McGhee and others
to have Second avenue and adjoining
streets sprinkled, was referred to the
chairman of the street committee
w’.th authority to contract for the
work or any part thereof that he
may see.flt.
The following telegram was read
to the council, to wit: New York,
May 25th., 1896. B. I. Hughes,
Rome, Ga. City Attorney Ford wires 1
Rome can’t issue gold bonds. We
are therefore compelled to discontinue
these negotiations. E. N. Gibbs,
Treasurer.
Upon the reading thereof it was re
solved that the following telegram be
sent by the clerk of council to the
New York Life Insurance company,
to-wit:
Edward N. Gibbs. Treasurer New
York Life Ins Co.:
City council of Rome had nothing
to do with the telegram of 1. D. Ford.
He has no official connection with the
city. Council claims to have sold
you bonds in good faith, subject to
bona fide opinion of your attorney as
to legality Council holds that the the
city is authorized to issue gold bonds,
advise Hughes by wire opinion as
soon as practicable.
The city attorney was authorized
to settle the suit of F. A. Wynn
against the city for $25 and costs.
Petition of Mrs. M. A. Nevin as to
rock wall in cemetery, was referred
to the cemetery committee, with
power to act.
Ordered that the hog ordinance be
rigidly enforced.
Ordered that the Rome Railroad Com
pany be requested to make provision
for the passage under its tract of sur
plus water at the foot of Third Avenue,
and th£ chiirman of the street com
mittee is authorized to take such steps
for the city as will carry off the surplus
water.
The invitation to the Dalton Fire
Company’s to the council to be present
at their celebration was accepted with
thanks, and resolved that such mem
bers of the council as could attend,
would do so with pleasure.
The chairman of the Fire Committee
Was instructed to have the Bell Tele
phone Company pay the bills of C. E.
Woodruff. The New Gaynor Electric
Company and others, incurred in re
pairing the Rome Electric Fire Alarm
on account of damage done by the
falling of the wire of the Telephone
Company.
Financial statement of the clerk was
read and the following accounts were
passed and ordered paid.
David W. Curry, Cemetery $ 35
New York Herald, Contingent 46 80
H H. Wimpee, Police 10 00
T. L. Talbert, Police 10 00
Amanda Persona, Police 8 00
R H. Copelan. Police 6 67
Will Treadaw >y, Public Building 8 00
S. 8. King & Co .Public Building 6 70
C. R * C. R R , Relief 1 94
W. J. Gordon,Relief 8 25
S. S King & Co., Relief 1 40
Amanda Persons, Street 4 20
Cundell Lumber Co., Street 6 33
E. L. Bosworth, Street'.. 869 95
Mrs. B Neely, Street 14 25
S. 8. King <S Co., Street 31 88
J. F. Greene, Contingent 3 00
Lowry Bros., Fire 100
W. ,1. Gordon, Fire 92 26
Cundell Lumber Co., Fire 15 37
New Gaynor Electric Co., Fire 17 00
C. E. Woodruff, Fire 6 60
Council adjourned
Halsted Smith.
Clerk Council.
The prettiest and most stylish
things ever urned out by the In
dians are displayed atTbos. Fahy’s.
See them.
Paul Berket, Piano tuner
will be here soon. Leave your
order at Tribune office.
Seem The Shadow
Ere the Substance Fate
-AT
Garfield’s
Electric Light •
- PhotograpMc Studio
Wark done in all its branches
Satisfaction guaranteed.
B.N.GARFIELD,
No. 329 BROAD ST.,
Opposite Masonic Temple.
Rome, Georgia.
J3®”open Wednesday and Satur '
day evenings until 9 o’clock, |A m
Pictures taken at that hour »r»
as perfect as those taken duliug
the day.
Process Entirely New.
Guarantee Position. Accept notes fnr tuition, or can de
posit money in bank till position is secured. Car fare paid.
DRAUGHON'S
PRACTICAL
NASHVILLE, TENN., nt) 6 TEXARKANA, TEXAS.
Indorsed by Bankers, Merchants, and others. Bookkeep
ing, Penmanship, Shorthand, Typewriting, Telegraphy,
etc. Four weeks in Bookkeeping with us equals 12 else
where. Novacation. Enter any time. Board 510. To order
our books for home study is next best thing to entering our
schools. Write us at Nashville. (Mention this paper* 4
Big line new laces just re
ceived from 17 1-2 cts. a yard
up at Thos. Fahy’s.
CRACKERS
jbIFIM biscuits.
The D. F. Bremner Bakery, of Chicago,
Make the Finest Line of These
G-oods in the U. S-
The Saratoga Flake,
Butter Wafer, Vanilla,
Ginger or Chocolate Wafer,
Boston Butter,
Are a few of their many brands. They can
be had of the good grocers in this city.
Try Them and You Will be Satisfied.
Biggest Thing in Rome.
bicttoles.
We will sell you a Bicyc at factory prices—no other
dealer can do it.
Wheels S3O, $35, S4O, $45, SSO, S6O, $75 each.
- CLEVELAND BICYCLES are the best made, light,
stong. beautiful, easy running—large tubing gives great
strength—combination aluminum and wood rims gives
strength and lightness —$100 each.
Refrigerators
We sell the best. Siberia keeps ice longer than any on
the market. Cheap, poorly made Refrige ators will cost
more in ice one season than we will sell you a Siberia
Hammocks.
50 cts, 60 cts, 75 cts, sl.oo—-just half the price other
dealers are charging for them.. We buy 1,000 at a time.
IXZEeftting;
, buying is an art. We have acquired’it by long experience.
YVe buy 25 per cent cheaper than anyone in Rome. Come
and let us prove it to you by our prices.
12|c, 15c, 17|, 20c, 22|c —other dealers are selling 2|c to
5c per yard higher than ours.
J cl pan ZEtuLgfis
wear like iron—just the thing for Summer Rugs.
3x6 sl*7s, 4xß s4*oo, 6x6 $4.00
6x9 $6, 7ixlO 12 $9, 9x12 $12.50
CZb.ildx’enzL’s Carriages.
$4.50 to S3O each. See our SB, $9, $lO and $12.50 car
riages. We sell the Whitney. They won’t wear out. 100
to select from.
Sideboards* Ghiffonieres.
100 patterns to close out for season at 50 cts on the dollar.
$lO, $12.50, sls. Never such bargains shown before.
Don’t miss the opportunity of a life time to nuy one.
McDonald-Sparks-Stewart Co.
Coffins, Caskets and Undertaking,
Third Ave- & Broad St. Rome, G-a.
THE ATLANTA
MUTUAL LIFE INSURANCE CO
333 and 335 Equitable Building, Atlanta, Ga.
Our Seven-year Option Security Fund Policy rates are as low as any,
besides which we give a Guaranted Annual Dividend of not less than 20
per cent., half of the face of the policy in the event of total disability
and is incontestable from date On our combination policy for $1.50 a
month we give you Accidental Death indemnity of SIOOO 00. Natural
Death indemnity, a maximum of $500.00. Sick Benefit. 8 weeks indem
nity of $5. Accident Benefit, 8 weeks indemnity of $5. And for $3 a
month double the above. In addition to our Mortuary fund we have put
ud $50000.00 ia securities which have been accepted by the Commusioner
c Insurance to guarantee the payment of our losses.
DR- W. EL. MURDOCK, Agent.
No. 325| Bmad Street, ROME, GA.
FIVE YEAR LOANS
JXrXIGOTI A.TED
On Choice Improved Farm Property
AT REASONABLE RATE OFf INTEREST.
For Terms apply to T. W. BAXTER CO,
210 Norcross Building, Atlatan ,Ga.