City bonds bring premiums and low interest rate on sale
City refunds bonds at a favorable price with good premiums and a low rate. The council decided to permit the telephone company to operate without revenue implications or additional charges.
09 Dec 1898
Page 1
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Newspaper
Mitchell Capital
Location
Mitchell, South Dakota, United States of America
Date
Dec 09, 1898
Page
1
City refunds bonds at a favorable price with good premiums and a low rate. The council decided to permit the telephone company to operate without revenue implications or additional charges.
Mitchell city council held its regular session Monday with Mayor Fullerton presiding. Ten bids were opened for the 19500 refunding bonds. Minnesota Loan and Trust Co. submitted the lowest bid at 4 percent interest with a 100 dollar premium. W. A. Durst attended and vouched for approval by the company. Other business covered police court results and city finances. The council rescinded a long distance telephone revenue, then granted five years of free street use in exchange for the company’s lines. they postponed electric light bills and discussed artesian well progress, adjourned to January.
The Mitchell Building and Loan Association held its annual meeting with stockholders. J. O. Walrath was named president and a slate of directors including A. E. Hitchcock and H. P. Beckwith was elected. The group reviewed property holdings totaling about $2,700 in city properties, with roughly $4,400 in property sold this year. The note mentions plans for a Dorumeer payments series starting January 1.
Dispatch from Manila reports officials in readiness amid anticipated tensions with local natives. Authorities expect possible clashes and prepare measures to maintain order while monitoring for signals of unrest.
A 1898 letter from Frank T. McLain describes a hostile Manila outpost situation with insurgent movements near the city, plus reports of sickness and a death in the regiment. The piece also notes insurance adjusters arriving in Spooner and Nordaker fire loss matters with a roster of involved agents and companies.
Mitchell High School faced the University third team in a season closer on a snow covered field with a northwest wind. DU dominated scoring six touchdowns in the first half and four more in the second, while Wells, Harris and Reid starred in DU backs and James and Miner stood out for the high school. Final score 34-0 with DU strong in back play and minimal fumbles despite poor footing.
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