Tt is averred that in fact the Dollar bid was the highest and best bid. The board's answer sets torch that the initial cash payment to lo by, Dollar is $1,875,000, whereas the cash payment to be made by the Pacific Mail interests was tobe $1,260,000; that Dollar reed to the payment of $3,750,000 remissory notes spread over the years from 1927 to 1937, inclusive, 201,250 being payable in the years 1927" and 1986, and the balance in 1937, whereas the plaintiffs proposal for payment, was. to. be_ $5,500,000 fat the end of 18 years. The answer fse alleges that Dollar agreed.to zzive a $1,000,000 bond as guarantee for the operation of the ships for five years, while the plaintiff offered no security but gave a promise.
Referring to. the statements sued by Commissioners Plummer, Benson and Thompson, the dissent-{ing members of the board, it was averred that the law does not contemplate that the board act by tin-Animous vote, nor that. the opinions of the minority shall control An inquiry addressed to Chairman O'Connor of the board has been made by the President for details of the split, within the board over sale of the tonnage, but responsible authorities regard the. Preside interest to be more in the direction of ascertaining the real facts re-Tative to the sale than a request for data on which he might possibly base a demand for the resignations of any one of the three dissenting Commissioners.—"Nat cal Gazette."
Text read from the printed page and cleaned; old type leaves the occasional error.