Friday, September 18 1908 --The "Solid Three", still defiant, are digging their hole ever deeper as the courts get involved in the bond sale.
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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.