Jasper County Democrat, Volume 8, Number 24, Rensselaer, Jasper County, 9 September 1905 — Page 5 Advertisements Column 5 [ADVERTISEMENT]

STATEMENT OP THB CONDITION OP THE FIRST NATIONAL BANK OP RENSSELAER, IND.. AUOUST as. 1905. KISOUBCM. LIABILITIES. L0am......... ... ...<283.979 #5 Capital Stock. $30,000 00 U. S. and County Bonds... IS,WO 00 Surplus and Profits 18,588 08 Bank Building: 8,000 00 Circulating: Notes.,.. 7,600 00 Cash and due from banks 115,667 SO Deposits 810,948 23 $373,0*7 15 $373,047 15 DIRECTORS. A. PARKISON. JOHN M. WASSON, B. L. HOLLINOSWORTH, President. Vice-President. Cashier. JAMBS T. RANDLE. 080. B. nURRAY. | fan umis a swan niue pi tout wronone is soiiciiai. |

THE IROQUOIS DITCH. Mr. Editor: I am often asked, what ia a working section of “The Iroquois ditch?” My answer is “the whole ditch,” and it oan be so let to one or more persons. (Sec. 8.) The petitioners asked no division. (Sec. 2.) The viewers estimated the number of cubic yards and cost per cubic yard for the whole work. (Sec. 3.) It iB a section not less “than the number of feet apportioned” to any tract of land. (Seo. 8.) The individual land owners have waived any right to divide the ditch under the proviso of Sec. 9, hence said proviso has no application to chop up the ditch. The words of section 9 commencing, “The surveyor or engineer shall sell or offer to sell first,” and ending, “as each section is completed,” have no application to the sale of the Iroquois ditch, because the land owners’ opportunity to divide into less working sections “shall be deemed waived.” (Sec. 9.) The nature of some indefinite division of a ditch into indefinite working sections, by some indefinite officer, all comes from possible action on the proviso in Sec. 9, but which is waived as to the Iroquois ditch. The words, “no contractor shall be prosecuted on his bond until the working section next below is completed, and no upper section shall be accepted until the outlet (section) is completed,” (Sec. 10) have their application here as to the Iroquois ditch. (152 Ind., p. 247.) The application may also extend to parts of the ditch when let to different persons for such become by consent of all the owners present at the sale quasi working sections, that have their origin in the necessity of the case. The division of the Iroquois ditch may on the letting come from either one of two necessities that may arise: 1. The whole ditch may be too large to complete in a year, and additional time oan be granted only on a division of the ditch. 2. In the receipt of all bids (Sec. 8) bidders for parts, or a summation of their bids, may do the work cheaper than any bid in solido, and the command to sell to the lowest bidder created the necessity. No division of a ditch can be made without individual demand (Sec. 9) or collective assent of the laud owners. All land owners are conclusively presumed to attend the public auction, and to direct any necessary division of a ditch that helps to a lower bid or a sure sale. S. P. Thompson. September 5, 1905. Read The Democrat for news.

List Your Farms With Me IF YOU WANT TO Exchange Them for City Property OR MERCHANDISE. i also a vy EQVirys /jv fahms. Can Deal Your City Property CALL OR ADDRESS F. E. MA. *R Tl/f. McCOYSBURQ, IND. 1