The Denison review. [volume] (Denison, Iowa) 1867-current, 1908-05-20
THE BIG BOND SALE.
Treasurer Evers Offers County
Bond on Open Bids.
CRAWFORD co. STATE BANK
Makes Highest Bid, Beating The Big
Chicago Buyers.

some lively bidding when the treas
urer put up fifty thousand dollars
worth Of bond at auction. 1t did not
need the persuasive eloquence of Auc-
tioneeer Smith or the veteran Jess
McAhren to make the bidding brisk
and interesting. The citizens of
Crawford county will be proud to
learn that one of the Denison banks
stayed in the game to the end. out
bidding banks from Chicago and else
where with millions of capital. Mr..
George Neave of the Crawford County
State Bank was not mucn in evidence
at the beginning but came in on the
home stretch and gained the full bond
issue. of $50. 900 for his bank. bidding
thirteen hundred dollars premium.
There were seven Chicago firms
represented; one from Davenport: one
from Minneapolis; one from Cleve-
land: and the Bank of Denison by
Mr.. Kuehnle. the w. A. McHenry
bank by Mr.. Sears McHenry and the
Crawford County State bank by Mr..
Naeve. The interest was intense as
the treasurer said he was ready for
bids. There was a sealed bid of
81 ,005 from the Chicago firm of A. B.
Leach & Co. of Chicago. Some
dropped out when so high pace was
set. The buyers began making mod
crate rise in their bids and when they
got up to sll7O. 90 1T was tie first bid
of the Crawford County bank. 1t
again bid S1ls0 and did not bid again
until the price was up to s1272. The
Chicago firm of Dewitt. Tremble &
Co., went fifty cents more and Naeve
said sl273. The Chicago bank came
bacxsivith sl275 and Naeve raised that
bid ST.. Chicago said fifty cents more
and Naeve came back with even n.
Dewitt Tremble Co. gave up and
new Chicago firm of N. W. Halsey &
Co. bid $l277. so. but old Crawford
went fifty cents better yet. Halsey
Co. said s127s so while other bidders
stood back, distanced. and the tension
became intense. Now the Crawford
County State Bank to cinche the
thing. bid $1,000 premium. There
was lull and chance given for
further bids but none came and the
fifty thousand dollars worth of county
bonds were declared sold to George
Naeve representing the Crawford
county State Bank. We give here
list of the highest bids of certain
firms. One went as low as $3.50. 90.
Crawford County State Bank. Den
ison. Iowa. $500. U0.
N. W. Halsey & Co., Chicago,
Illinois. sl27s SO.
Dewitt Tremble & Co. Chicago.
Illinois. $l276. so.
Mason, Lewis & Co.. Chicago. Illi-
nois. $ll65 90.
E. H. Rollins d Co. Chicago, llli-
nois, sllOOo 90
Geo. M. Bech.el & Co., Davenport.
Iowa $1O15 90.
A. B. Leach & Co. Chicago, I'LL
nois, $lOo5 90.
The bonds bear date of June i,
1908, and are at four and one half
per cent. After eight years $4,000 of
bonds will be called in and on the first
Of each October and June thereafter
$4,000 will be paid until all are paid.
Considering the premium the bonds
will bear interest at four and one-fifth
per cent. The bridge warrants TAX
en- 10 drew FIVE per cent so there is
q saving to the tax payers. The bridge
fund now has about $l3, 600 on hand.
This means that the farmers of
Crawford County. through their popu
lar agent. the Crawford County State
Bank will loan the money to the
county. Depositors will have this
as added security although this bank
needs nothing more to improve its
credit among the people.
The most interesting feature is that
it is second Declaration of Inde-
pendence Denison has Issued as q
financial center. During the October
panic the Denison banks were among
the very few that went on with their
business as if nothing had happened,
and now on account of the misman-
agement Of the board of supervisors
the county needs money, it is home
institution. the Crawford county State
Bank that offers the highest premium
and thus keeps the bonds at home as
an investment for our own people.
There is rest for the weary if
you have supplied yourself with one
of those nice Hammocks at w. A.