People's Pilot, Volume 6, Number 2, Rensselaer, Jasper County, 2 July 1896 — Farewell Old Court House. [ARTICLE]

Farewell Old Court House.

The following order was issued by the commissioners yesterday: “It is ordered by the board of commissioners that Wednesday, July 8, 1896. at 2 p. m,. is set as the day and hour when the old court house shall be vacated and placed under the control of the contractor for the erection of the new court house, for demolition and removal.” It is proposed by the citizens to have the county officers, officers of the court, and all other citizens including the mayor of Rensselaer and. staff, take some approporate action to com memmorate the event, and they are consequently invited to meet in mass convention, in the court room at. 2 p. m. on Wednesday next, and take such action and pass such resolutions as may be deemed wise to spread on record. The commissioners have rented for the court house proper the banquet hall of the Odd Fellows, at a rental of 8200 for tne year. The clerk’s office and vault will be moved east across the street onto the lot owned by .the county, the contract for which has been let for 8150: All the other offices will be located in the jail. Sheriff Hanley moving into his own residence, the county being thus put to no extra expense on that account: The contract fqr building the new court house was’let last Fri day to Heinsman &Bro., Noblesville, Ind., for $89,182, the lowest bidder. The bonds were sold to M. B. Seitz of Chicago at a premium of 816,900. the face of the bonds being 882,500. drawing 6 per cent interest, dated July 1, 1896. $50,000 of the bonds are due July 2, 1926. and payable at the option of the county after July 1, 1916; $32,500 are due July 1, 1921. and payable July 1. 1911. If the county pays the bonds at the first optional date the interest will be $89,250, or S6B more than the contract price of the building, through by deducting the premium paid on the bonds, $16,900. the real interest ’s but $72,350. However if the bonds are not paid until due. the full interest will be *8138.750. less premium $16,900 leaves the modest net interest cost of sl2l, 850; to this sdd 882,500 and the total cost of the courthouse, unfurnished and without extras, is $204,350. Work of demolition will begin next week. W. J. Imes returned to Chicago yesterday after a few days at home.