The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-03-11
BOSTON FIRM GETS
RICHMOND BONDS
Finance Committee Sells $780,
600 Issue to Rollins & Sons
for ST 1882 .24S.5O.
FIVE RICHMOND BIDDERS
Offers Regarded as Splendid
Tribute to Financial Con-
dition of the City.
FIVE RICHMOND BIDDERS

Faith In both tho honor and re-
sources OF Richmond was nevor moro
abundantly displayed than ii was yes
tcroay afternoon, when some OF the
most responsible firms of Richmond.
| New York. Boston, Cincinnati and Bal
timorc. WED with each other In biddin,:
for the Si,500.o00 bond issue recently
authorized by the City Council out
of eleven bidders for the whole, or a
portion OF the issue. the Finance Con,
mittce made the award to T.. H. Rollins
~ Sons. oC Boston, Mass who bid
SA2.li?? on .he 500 for tho whole Issue.
Inc highest bidder was the Life Insur-
ancc Company Of New York which put
in hid OF $4,000 on the 800 for $780,
90" OF the Issue. This offer looked ut :
troctive to tho Finance Committee, but.
after mature consideration in cyccu-
tive session, II was determined that
the bid OF the Boston firm, which Of
iercd To take over the whole issue.
would be better than to award third
To one bidder. and then offer for sale
the remainder Of the amount
rrihutr tn CitH'S Stability,
Tho hid OF T.. II Rollins * Sons Tor
the whole bond issue At S92.ll99 on tho
500 was St.3So, 2iS.50 ana II was
AWARDED to them in that sum This il
the hrst time that this firm. an old
i'ne house of Boston, hns ever bid on
any bonds in Virginia 4 cashiers
check for S22.500 was filed with the
bid AZ evidence Of good faith and vii,
he used as part payment for tho issue
Iha concern was represented ut the
meeting of the Finance Committee By
Charles i. Batchcldcr.
Fiat so many responsible conrorn.
should bid was considered tho great
eat compliment that has ever been paid
TO the financial status OF the city and
the Finance Committee was almost as
surprised az IT was pleased to lind that
the credit of Richmond Is so thorough
~ established. The bond issue was six
and one-half times subscribed
The ISSUE is for per cent cuuvcrti-
bic registered coupon bonds. the sale
price Of which Is to bo used for per-
mancnt public improvements chief
among them being the converting of
Shockoc Creek ana Bacon Quarter
BrancH Into closed sewer. the repair
and reconstruction OF parts ut the
Free Bridge, erection of new schools
and opening M new streets.
Five Uichmond bidders.
Five OF tho bidders were Richmond
firms. Those who fled bids for tho
whole amount OF the bond issue were
Scott * Str'ngfellow, Richmond, ut
S9l.3al; Thomas Branch N Company,
Richmond. ut S9I4123: Old Dominion
Trust Company. Richmond, at S9l.6S9;
j. u. Leach ~ Company. New York.
at s91.513: Estabrook and Company. OF
New York, at $91.93i. and +. II. Rol-
Inns &. Sons, Boston, ut S92.1i99.
Other bidders were:
The Life Insurance Company OF Vir-
ginia, ut $9l.95, for 100000 OF the to-
tai amount of the bond issue; Season
good & Myer. of Cincinnati! at SOL
326. for 100000 OF tho whole amount
tho New York Life Insurance Company,
at $4,000. for 100000 OF the whole
amount: Baker, Walls & Company, OF
Baltimore, at S91.5iG7, for 100000 OF
the whole amount: Rolfc L. Glover. at
sol, FOR $4,000 Of the whole amount
Negro Found Dead
Anderson Cooper. Colored. found dead
yesterday At his home In tho rear OF 81
East Grace street. Coroner Taylor pro-
nouuced death due To natural causes.