Rensselaer Republican, Volume 26, Number 36, Rensselaer, Jasper County, 3 May 1894 — The Gravel Road Bonds Sold. [ARTICLE]

The Gravel Road Bonds Sold.

Thp county bonds for building Marion Township gravel roads were sold Tuesday afternoon, as per advertisement. They were bought by Lamprecht Bros., <fc Co , of Toledo, Ohio, for a premium of S7OO. This is the same firm which bought the Wheatfield ditch bonds, a few weeks ago. They were represented by Mr. Hawkins, of Indianapolis. Their principal competitor was the Indiana Trust Co., of Indianapolis, represented by G. K. Hollingsworth, of Austin & Co. Other bidders were Spitzer & Co., of Toledo, Ohio; Deets, Dennison <fc Pryor, of Cleveland ; Seasongood & Myer, of Cincinnati; and two bids were received by letter. One from N. W. Harris & Co., Hartford Conn., and one from S. P. Townsend, Chicago. The bonds will not begin to draw interest until Nov. 15th, and the purchasers are allowed to retain the interest until that time, from the amount paid for the bonds. At the amount of premium paid for the bonds, the net interest will be a little more than 5| per cent.—five and fifty-seven hundredths, to be exact. The highest bid by mail was $468, and but for the competition of Mr. Hollingsworth, this would have been increased but very little.

J. C. Porter & Son. New cash grocery. Prices the lowest. Goods all new and clean. First door west of post office- ■ We will start the Threshing Machine Works Monday, April 30th and invite any work in our line. 35 2 mo.