Jasper County Democrat, Volume 23, Number 19, Rensselaer, Jasper County, 2 June 1920 — BOND ISSUE FAILS TO SELL [ARTICLE]

BOND ISSUE FAILS TO SELL

The SIIO,OOO v?orth of fair ground improvement bonds offered for sale by Auditor Foland on Monday went begging for bidders. Not an offer was received, which is the same fate other county bonds bearing four and five per cent have received the past few months. Money Investors are out after bigger game to such an extent that the condition Is alarming and Is holding back public improvements. The fai r ground bonds bear five per cent and were widely advertised among the financial concerns, but the low rate of Interest apparently was not alluring to Investors, even to the fact that the Issue Is non-taxable. It had been hoped that the bonds would sell on Monday and that the Improvement of the fair ground would go forward this summer, but the prospects now do not look at all flattering. —Lake County Star.