Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1910-10-20
BRING
BIG Premium
T0IHECO|
SALE OF TWO ISSUES THIS MORN
ING IN COUNTY TREAsuRER's
OFFICE REAPs GOOD RESULTS
TO LOCAL TAXPAYERS,

What is considered in the minds OF
local bankers as the best sale OF
county bonds ever made in the history
of Wapello county was completed this
morning, when County Treasurer
James v. Curran accepted the bid OF
N. w. Halsey & Co. of Chicago, which
topped the other ten bids by a good
margin The premium secured by the
sale of the two issues Of bonds amount
ing to $4,000. is $3,5O4.60. The sec
ond highest bid was that made by the
Iowa National bank, which offered q
premium of $2,845 for the two issues.
The bid Of N. w. Halsey & Co. was
presented by its representative w !.
Sleep, who with numerous other bond
house representatives were at the
treasurer's Office at 10 o'clock when
the sealed bids were opened by Treas
5urer Curran. The county by this sale
has realized fully $4,000 and in the
opinion Of j. C.Jordan of the Iowa
National bank, the county could have
sold four and. one-half cent bonds ana
then made good margin Of profit.
The flrst issue Of bonds is for the
sum OF $4,000 and is for the refund-
ing OF the county bridge warrants. me
issue is dated September |, 1910 and
fall due In the following amounts and
dates:
SIG, 900 due October /, 1916.
900 due October 1, 1917.
II $1,000 due October l. 1918.
The second series Is for $4,000 ana
the issue is to cover the county and
poor farm fund warrants These also
date at September 1, 1910, and mature
as follows
$4,000 October i, 1913.
Y 5000 October 1. 1915.
$4,000 October 1, 1921.
$4,000 October l, 1922.
$4,000 October !. 1928. .s
"A Splendid Sale:
John g. Jordan, whose bid for the
Iowa National bank was the second
highest, congratulated Treasurer Cur
ran this afternoon on the sale, saying
that it was d splendid one. Later IN
referring to the sale. Mr.. Jordan said
.These bonds sold this morning are
not as desirable as the former issue,
the sale OF which was stopped by the
Injunction proceedings instituted by
local business men. The first issue
was for longer maturity and In the
minds OF any bond concern would be
fp1ired more valuable The county
viii easily make $4,000 on this sale OF
Treasurer Curran this morning, and
the men who had the interests OF the
county at heart in stopping the former
sale are to be thanked for their action.
Our bid was a good one, but the
.,,o-o9,,,,,3 nAforod NV the HalSey people
was better. The county could nave
sold four and one-half per cent bonds
and made money, as the premium Of
fered by Halsey and company really
reduced the per cent to fraction over
four and a quarter.
The bidders for the bonds and the
premium offered by each, follows:
Il. w. Halsey & Co.. Chicago. $3, ,5O4.60
Iowa National bank, OF
tumWa ...s.s...... Z,S45.Uu
George NJ Betchel Co., Dayen-
port .........s...s.....s ..s...s.. 1,oUu.VV
The Investors Securities Co.,
Des Moines .......s.... 2,49l.OO
First Trust and Savings bank.
Chicago -. s... ..:......3... z, 2,46o.zV
C Chicago 2,s2s.oo
IFarson. Son & Co., Chicago. 2,022.00
p. H. Rollins & Sons, Chi
cago (by j. B. Sax) $780,. 2,105.00
C. E. Denison & Co., Cleve-
Il land l,S4o.oU
F. B. Hitchcock, Chicago 1,825.00
Seasongood & Mayer, Cincin-
natl (for $4,000 issue) )..... 957.00