Rensselaer Semi-Weekly Republican, Volume 36, Number 85, Rensselaer, Jasper County, 17 June 1904 — BANK BUILDING IS SOLD [ARTICLE]

BANK BUILDING IS SOLD

Knocked. Off To Delos Thompson, Frank Foltz and Charles G. Spitler. Tuesday at two o'clock p. m. was the time finally fixed by Assignee Chapman, when ttie McCoy bank building w< old be sold for the highest bid then before him. Up to that morning the only Did

was that of Wm. B. Austin, whose offer was $20,003. Today Delos Thompson Frank Fol z and Charles G, Spitler foimed a combination and raised the Austin bid $25, their offer bdug $2,0025; Mr. Au Vin was notified h/ telegraph that his bid was raised, but declined to bid any higher. Therefore at two o’clock ths pirties ahjvs named were notified that their bid was accepted. 1

Mr. Tuompsin buys a hJf interest in the property and each of the other two a quarter in’erest. The entire building has bun leased to the new S ata Bink of Rensselaer for $1,5)0 par yea-. Tne bank will-sublet lha seunl story and the Tuteur store room bslow,

to the present tenants. N-<tu-ly Foltz & Spitler for the second ckury. and Isaac Tuteur, the d >uble front store, down stairs Mr Austin dao had in a bid of .SI,OOO for the McCoy bank fixture which the B’ate Bank ah > ra s d 125, thus securing the cu fit. By universal it is conceded that the« Oa'uk property has brought a gilt-edged price.