People's Pilot, Volume 6, Number 10, Rensselaer, Jasper County, 27 August 1896 — The Court House Bonds. [ARTICLE]

The Court House Bonds.

The commissioners and county auditor were busy Monday and Tuesday signing up the bonds which have just been received from the lithographer, Win. Buford of Indianapolis. There are 82 SIOOO bonds and one SSOO bond. The engraving of the bond is very beautiful, though it is doubtful if the tax payers of Jasper county will find them any easier to pay on that account. The price paid for the blank bonds was $55, said to be a very low figure. The bonds were finally sold at private sale to Trobridge& Co., of Chicago at par, 4£ percent being the rate of interest. This arrangement reduces the interest charge $1237.50 per year, but the county receives about $17,000 less than it would under the original plan of selling 6 per cent bonds at a premium. The county loses nearly SSOOO by the failure of the first bidder to take the bonds at a premium of nearly $17,000, and as no forfeit was put up by the bidder the commissioners were obliged to make the sale on the best terms obtainable.

The first work done by the contractors has been rejected by thfe commissioners and architect as not complying with the specifications, and a portion of the stone in the foundation will be taken out and replaced with larger. The county is interested in having this building put up in the best possible way, and will sustain the architect in insisting on strict compliance with the specifications. It is to be regretted that the contractors should begin the work by an attempt to evade the provisions of I the specifications, especially as the stone was laid after it had been rejected by the architect and the commissioners.

James H. Chapman has plenty of money to loan on personal security, Call and see him, A thousand or two out of date newspapers are lor sale at this office at 10 cents a hundred. See Rinehart about your cement walks at once. Now is the best time in the year to build. Beauty, durability, price, the trinity of merit in C. A. Roberts buggies and carriages, opposite Makeever house. Positively, going to quit the clothing business. All goods are going at cost at The Model. Lots in the Leopold addition adjacent to the court house are the choicest of any in the city.