Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-01-09
KENDALL'S BONDS
SELL AT PREMIUM
Next Step Will BE Admission
U "pv floIoos lu,IIo,s,u
of Greater luiSa.
OKLAHOMA CITY MEN BUY
Union National Bank Makes
Possible High Rate Paid
by Pierson Brothers.

In the open market. with Il field of
eight bond buying companies bidding
at auction, one bidder raising his offer
by telephone from his downtown Of
flee. the $4,000 OF civic improve.
ment bonds recently voted In Kendall
sold last night at a premium of sl,7SO
or almost on "A par with the bonds
which In the past have been sold by
Tulsa, of which Kendall soon will be
come part
II was n spirited scene In the pub
lie schoolhousc at Kendall last night.
when the board of trustees of the vii
lage announced their readiness To open
the bids OF the eight bond buying
companies who sought to purchase
the issue OF Sl2J,OO0 to bc used in the
erection and construction of water
works system. "A sewerage system, a
park and modern fire station.
ricrsoI Bid opened.
one cf the first bids opened was
that of the Union National bank OF
this city. The bid of the only Tulsa
bidder was $l,377 above the par value
AID accrued interest. The next opened
was that OF g. W. and j. H. Piersol
OF oklahoma city. the latter being for
Sl,1j0 above par value and accrued
Interest. Others ranged downward to
par.
As soon as all the bids had been
received and opened 1t was agreed
among the bidders that with the per-
mission Of the ho1rd of trustees their
bids might be raised in ease they saw
III. Then followh ID the spirited auc-
tion. the bids OF Kendall bcing placed
on the block to bring the highest
premium.
4 representative OF the tnion Ma
7 tional bank was not at the opening oi
/ the bids. bat was called by telephone
| and Informed that an Oklahoma CIT,
/ bidder wished to purchase the bonds
/ and had bid more than tho orlgin'l
OFFER of the Union National bank,
Bidding spirited.
Well. In Just boost our origina
lid" was the reply from the down
town office. and his offer was posted
Seeing that they were not able to ge
the bonds at less than a premium o
! $500 the two bidders rapidly bi,
above his figure. First the I'nio'
National would make an offer onlv t.
have It exceeded bv Picrsol brothers
At last the local bank made an offc
OF par. accrued interest and a premium
OF Sl.776. Immediately the Pierso
firm boosted this 81. or to Sl.7s0. an,
J there the bonds were sold.
The bonds sold last night will pro
vide funds with which to construc
a $4,000 sewerage system. S45. .00'
watcrWorks system, pump station
or boost" plant
No Hitch Likely.
While the assessed valuation o
Kendall is nothing to compare will
that of Tulsa relative 10 the bonds f.
sued by this city, the readiness an,
eagerncss with which the bond buyer
sought to purchase the bonds las
night indicates that there Is little. /
any. probability Of "A hitch arising II
the immediate absorption of Kendall
by the city OF Tulsa.
"ln fact" said one of the mem
bers of the Kendall board of trustee
last night after the sale Of the bonds
the bond buyers declared that th'
sale was but another step before Ken
dall became part of Tulsa. We ar,
going right TO work on the anncxa
ton proposition" he declared, "an,
within "A short time will call for al
election to see how the peple fee
abut this matter. We people OF Ken
dall are sure that the people wan
us as part Of Tulsa"
The following is partial list O
those who last night sought the pur
chase OF the Kendall civic improve
. ment bonds: w. A. Brooks, X.
Edwards. G. Edward lGonnold X. j
McMan. George |. Gilbert. all of OK
/, lahoma city. Sidney Sltzer of To
Kansas city.