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The Court House Loan Bonds

The Court House Loan Bonds image
Parent Issue
Day
15
Month
June
Year
1877
Copyright
Public Domain
OCR Text

Uu faaturday evening last the Mayor and Recorder opened the proposal for the purchase of the Í20.000 of bonds to be issued'by the city in aid of the new Court House. The bonds bear interest at the rate of 7 3-1 Oth per cent, and are payable in annual installments of $2,000 each, the firat installment being payable February 1, 1879, and the last installment February 1, 188S. The interest is payable at the office of the City Treasurer, on the first day of February in each year, on presentation of the proper coupon. TweWe bidders mad offers for varying sums as follows : Bidder. Amounl. Premium. Ann Arbor Savings Bank, 820,000 .0100 First National Bank of Ypsilanti, i,f00 06.50 John Delany, Ann Arbor, 1 00 0100 William Wagner, 4,000 'orso Ann E. Burnett, adm'x, Ann Arbor, 2,000 par Fisher, Booth A Co., Detroit. 6 000 oioo Fisher, Booth 4 Co., Detroit; 10,000 'oi5O Philip Bach, Ann Arbor, 5 000 0150 gliiliPjach, 500 '.0215 ■ipBach, m o.m Fhll.pBacta, ' 500 .1)200 First National Bank, Ann Arbor, 9 500 nnin First National Bank, Ann Arbor, 2 500 0100 Chas. R Latimer, Ann Arbor, 'son itöOO David Preston & Co., Detroit, 20 Ano 03J t. D. McKendree, 20,000 par The whole loan was awarded to David Preston & Co., the aggregate premium being f525. The credit of the city is good - with everybody but the Board of Supervisors. - David Preaton carne out from Detroit Wednesday, handed over the $20,000 and the $ö2ö premium, received his bonds, and returned rejoicing. The Mayor turned the $20,000 into the county treasury, and th county, owing to the wisdom of the Board ot Supervisors, is now paying the city interest on that amount. - Before Mr. Preston left the city he was offered 4 per cent. premium for five $100 bonds due in 1882, which offer he deolined. Commenting on the suggestion made by Judjje Huntington that he might requeat another judge tohold ths coming term of court iii this county, the Lansing Republican takeB occasion to vent ita spleen concerning the Begents of tha University and others who don't accept a legislativo committee as immaculate and legislativo action as final, nd concludes : " Now let the court do its full duty, and let the delinquent, whoever he is, be compelled to pay up without delay. Any further cowardice will be very much hke crime." The Republican's fling about " cowardic " is entirely uncalled for. Judge Huntington has already been covered over with slime, to promote perBonal ends and make capital with the public, and he knowa that if h ahall enter upon and conduct the trial with the wisdom of Solomon and with motives as pure aa purity itself he will be charged with partisanship from the first, and at the last, in the vent of a decisión unsatisfactory to our neighbor of the Courier and his blowers and strikers of the Republican stripe, will be seized by the nape of the neck and the most accessible part of his nether garments and hurled into outer darknass. He, tberefore, reasonably deaires that a judge who has had nothing to do with any of tha preliminary proceedngs, or with any other case in which the parties are involved, shall bear the laberatory defalcatiou suit. And not even Judge Huntington' s revilers in this section have charged him with " cowardice." That was reserved for the Republican. By the way, at the risk of being conaidered uncharitable, we must ask a queation : Isn't the Republican' t intena p&rtisanship in the University matter the offspring of a desire, not to say arrangement, to induce Mr. Beal to withhold a bid for the State printing now advertised to be relet, and which at repeated and successive lettings has been a thorn in the neen of the State printing contractors, - ideiitical with the publishers of the Repulican. II i II - I John B. Howard, Esq., formerly, of this city, died in San Francisco, Cal ., on the 7th inst., agel 39 years. Mc. Howard was a brother of Frank Howard, of the Ann Arbor Agricultural Company, and was educated in the schools of ttiiu city, having been at oue time a student in the Law Department of the University. Before the rebellion ha was engaged in business in New ürleana. but came North, entered the army, and made a good record as an officer in aa Illinois regiment. After the war he engaged in the profession of the law at New Urleans, and some three years ago he was sant to San Francisco as a special attorney for the United States in the ettlcmont of some Spanish land claims, in which work he was engaged when he died. The public exercises of the Chosophic Society will be held in the High School Hall, ïuesday evening June 19. The programme is as follows : Oration, The Augustinian Ag of America, by J. J. A. Murphy, of Lyons, 111. ; Impromptu, J. ü. Thomas, Brewsteri, N. Y. ; debate, Resolved, That Commerce is mor conducive to the best interests of the State than Agriculture ; affirmative, F. O. ülayton, West Liberty, Ohio ; negatiye, E. Mack, Ann Arbor ; essay, The Father of Printing, Misa Lizzie Otley, Ann Arbor ; select re&ding, Wreek of the HesperuB, Miss Ida Cook, Ann Arbor; declamation, Rum Maniao, F. L. York, l)uchanan ; Urucible, Nat (iuutsr, Shtrman, Texas.

Article

Subjects
Old News
Michigan Argus