Rensselaer Semi-Weekly Republican, Volume 38, Number 3, Rensselaer, Jasper County, 15 August 1905 — Hanging Grove Roads In Trouble. [ARTICLE]

Hanging Grove Roads In Trouble.

And even yet the long struggle of the people of Hanging Grove township to get a system of stone roads, is not at an end. They voted for a system in the fall of 1903, but the estimates of the viewers were so low that not until this present year were the commissioners able to let a contract for the kind of roads required. Then Stewart & Son of Kokomo took the coutract, and bonds were prepared to tin amount of about 815,000. These were bid off by the Fir«t National Bank here, for the Fletchers of Indianapolis. They have now sent the bonds back, having found several alleged defects in the proceedings. Some of these can be easiiy cured, but at least one of them seems to be considered pretty serious. This objection is because such a long time intervened between the time the roads were voted for and the contract Anally let. It is hoped however, that when the unavoidable natnre of the delay is set out in the record, that the bonds will be accepted. Ex-Attorney General Miller, of Indianapolis is the attorney for the Fletchers, and whose objections caused the bonds to be sent back. Iu the meantime Stewart & Son had their machinery all installed and their rock quarry stripped of soil, aud had it not raiued expected to start their or usher this, Monday morning. This circumstance strongly bears out Attorney Wilson’s assertion, in his Iroquois Ditch opinion, that bond investiment companies are exceedingly careful in their scrutiny of bond propositions. And it shows also that even slight technical defects can easily defeat their sale.