Rensselaer Semi-Weekly Republican, Volume 19, Number 44, Rensselaer, Jasper County, 4 February 1898 — The Last Bonds Sold. [ARTICLE]

The Last Bonds Sold.

The last issue of court house bonds, $3Q,000 in amount were sold Tuesday afternoon by County Treasurer Gwin. Seven sealed bids were received, some coming by mail and others being handed in personally by the agents of wouldbe buyers. The following were the amounts of premium offered by the different bidders, over and above the face of the bonds and accrued interest. N. W. Harris & Co., Chicago, $1,830. W. J. Hayes & Son, Cleveland, $1,825. Larson, Leech & Co., Chicago, $1,520. Lainprecht Bros. & Co., Cleveland, $1,507. Seasongood & Mayer, Cincinnati, $1,353.75, Mason, Lewis & Co., Chicago, $1,260.

Deitz, Dennison & Price, Cleveland, $1,020. The bid of N. W. Harris & Co., being the highest, the bonds were closed out to them. The bonds run an average period of 14 years and draw interest at 4£ per cent, annually. At the rate of premium paid, the interest will actually be only about 3 and seven eights per cent.

This makes a total issue of court house bonds of $152,500, and this sum, it is now believed will fully Icover the entire cost of the building, with all furniture, fixtures &c., included. Some of the bidders here Monday were disposed to be quite wrathy at their failure to procure the bonds. The agent of the firm which bid within $5 of as much as the successful bidders, was especially wrathful over his disappointment. and was disposed to charge a put up job against him un.til he was shown the actual bid of Harris & Co-, when he subsided. Another big bluffer whose firm had in one of the unsuccessful bids, but who himself arrived after the sale wasover, was especially rantankerous, and had to be fired out bodily by the treasurer. He was here a few weeks ago and tried to palaver Mr. Gwin into selling him the bonds for about S3OO premium, and his failure at both visits made him very wroth indeed.