Saturday, February 21, 2015
Thursday, September 17 1908 -- Usually when government swindles are unearthed, the rats go scurrying away. Not so with the "Solid Three", who are holding their heads high regarding the sweetheart bond sale thus far.
The situation in a nutshell: County commissioners Patterson, Eldridge and Wilson, dubbed the "Solid Three", put together a bond issue for the county and sold it off, probably to favored friends, at a high interest rate. They did this without proper public meetings and without going through the normal channels to determine a fair interest rate. On discovering this breach of the public trust, Angelenos were, not too surprisingly, up in arms.
Labels: Herriman's LA Examiner Cartoons