Jasper County Democrat, Volume 14, Number 95, Rensselaer, Jasper County, 9 March 1912 — Will Ask Purtelle’s Bondsmen to Liquidate. [ARTICLE]

Will Ask Purtelle’s Bondsmen to Liquidate.

At a meeting of the county commissioners this week the county auditor was directed to notify the bonding companies in the Purteile forfeited bonds that a settlement p. d. q. would be appreciated. The forfeited -bonds,, it will be remembered, were given in the Purteile subsidy railroad elections in Marion and Carpenter townships. In the former the bond was for $5,000 and it guaranteed that the Purteile company would commence active work on the line in Marion tp., within 30 days after the election in 1910 if the subsidy carried. In the case of Carpenter tp., the bond was for SIOO, and guaranteed to pay the expenses of the election held there if the subsidy did not carry.

While there is some doubt regarding the $5,000 bond—the instrument itself failing to state just where the “Banker’s Surety Co.” Is located, and is otherwise weak, The Democrat has learned that there is a bonding company of that name in Cleveland, Ohio, and it is likely that it is the company that purports to have signed the bond with Purteile. The Carpenter tp. bond is no doubt good, and the company will very likely liquidate when demand is made upon them. Purteile gave a personal bond—or, rather, pledged his hot air company, of which he holds the empty honor of president—to pay the expenses of the election in Newton tp. —should the subsidy not carry. But, Hke Purtelle’s checks, this promise is n. g. and. it would be useless to waste a 2-cent stamp in reminding ’Gene of his promise to pay this election expense.