The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-06-16
WAKES CREDIT
is G|LT-EDGE
Her New Bridge Bonds Sell
for Nearly 124.
BOUGHT BY HOME FOLKS
HALE THE BIDS CAME FROM
OTHER STATES.
AN OHIO FIRM CAME NEAR GETTING THEM
Its Bid Was Only $58 Lower than The Success
fulBid. Money ia the County Treas
ury -Four Hours After Bids
We're Open.

AT noon yesterday, in the County
Treasurer's office, bids for the $4,000
Of Wake county 6 per cent. bridge bonds
were opened.
OF the fourteen bids received and
opened, that of Grimes 4 Vass, of this
city, was found to be the highest and
the entire issue was accordingly award
ed to them.
Their bid was 121.11 and accrued in
terest or 1886 fiat, which is S9.6SS.S0,
and the interest up to date. The inter-
est up to date being 1910 makes &c.
9OS.S0 for the $4,000 of bonds, or a
premium of S1,9OSS0.
The bids ranged from $123.S6, by
Grimes 4 Vass. of Raleigh, to $111.G
by w. ]. Hayes 4 Sons, of Cleveland,
Ohio.
Exactly half of the bids, seyen in
number, were from capitalists in this
city. There were no others from this
State. Of those from outside the State,
three were from Cincinnati, Ohio; two
from Cleveland, Ohio; one from Barnes
vile, Ohio and one from Chicago, Ills.
North Carolina, it will be seen, fur
nished seven bidders, Ohio furnished six
and Illinois furnished one.
The bids were opened by committee
consisting of County Treasurer Will
hanson, Register of Deeds Hood and
County Attorney Jones. The chairman
of the Board of Commissioners. Julius
Lewis, was also a member of the COM
1.,,f L.
The bids, in the order in which they
were opened, We're as follows:
II. L. and r. L. Gray, Raleigh, 119
fiat or $500 for the entire issue of
$4,000.
Grimes and yass, Raleigh. 12111 and
accrued interest. or $123.S6 fat-S9,-
9OS.SO for the whole issue.
Rudolph Kleybolte & Co, Cincinnati,
Ohio, and New sAYdrk, s11SE Hat, or
$9.4S0 for the whole issue.
Ernest Haywood, Raleigh, 121 fiat for
three bonds, or a smaller number.
Ernest Haywood, Raleigh, 12Oh fiat
for five bonds
Ernest Haywood, Raleigh, 1904 fat,
or $500 for the whole issue.
Commercial and Farmers Bank. RAJ
leigh, 12O.S1 fiat, or $1,000 for the whole
issue.
Seasongood & Mayer, Cincinnati. O..
12O.3S and accrued interest, or $9. $50
and accrued interest. or 1913 fiat,
which is $9,S5OSS for the whole issue.
w. J. Hayes & Sons, Cleveland. Ohio,
1892 and accrued interest, or So, 1876 and
accrued interest.
First National Bank, GAINESVILLE,
nd mt 6
no check was enclosed with this bid,
il was not considered.
Denpison Prior & Co, Cleveland,
Ohio. $9.704 for the whole issue. This
firm offered, in case its bid was accepted
to furnish bonds without cost to the
county.
S. A. Kean. of Chicago, ia fat, or
112 and accrued interest for 5 per cent.
bonds. As such bids were not asked
this could not be considered.
Briggs, Todd 4 Co., Cincinnati, Ohio,
$500 and accrued interest for 5 per
cent. bonds. This bid was not consid-
cred. No bids for 5 per cent. bonds
were asked.
Frank X. Ellington, Raleigh, 113. or
5000 for the whole issue.
Three bids were put in for AZ per
cent. bonds and two bids for per cent.
bonds These were not considered as
bids were asked for only per cent.
bonds. and the bonds had already been
executed for 6 per cent. The highest
of the AZ per cent. bidders was Ru-
dolph Kleybolte & Co., Cincinnati, Ohio.
1t will be noted that though the bonds
were awarded to Grimes 4 Vass, Of
Raleigh. they had close competitor
in Seasongood and Mayer, Of Cincinnati.
Grimes and Vass bid 1886 or S9,g)S.SO,
while Seasongood and Mayer bid 1913,