Daily capital journal. (Salem, Oregon) 1903-1919, 1917-08-08
STATE HIGHWAY
BOARD SELLS BONDS
Also Let Contracts For Road
and Bridge Work In
Many Places

At an all day session yesterday the
state highway commission sold the
first 100000 bonds for the $6,OOO,,
900 highway bond issue, as listed in
yesterdays Capital Journal, awarded
number of contracts for highway pro-
| jects, awarded contracts for 10 CON
crete bridges or crossing on the Co
lumbia river highway in the Beaver
Creek valley, and listened for tive
hours to residents of Yamhill and PL, k
counties interested in the location of
the west side highway between Nc
Minnvile and Dallas:
The bonds were sold to the Lumber
mems Trust company of Portland for
$471 300, which members of the high
way commission figured allows the
buyers approximately Az per cent in
terest. The bonds, which will be issued
in serials, will bear four per cent in
terest.
Control Board Also Acts
Meeting in conjunction with the high
way commission, the state board of
control opened bids on 100000 bonds
to be issued by authority of the Bean
Barrett act to match the federal funds
AOA IOApSt BOSG IOdu5. he
mems Trust company was also the best
bidder for these bonds, but as the bid
was under that offered for the $780,
900 issue, the board of control reject
ed it and decided to readvertise for
bids on different basis
For the 100000 bonds, the Lumber
mems Trust company bid $32,72O. There
were three other bidders in both in
stances. These proposed )ond, were to
run 20 years, with the orsil ~ of retir-
ing one half at the end o. IL years.
The board decided to readvertise for
bids on short term bonds, 100000 to
be retired at the end of five years and
100000 each year thereafter until the
100000 is taken up.
Salem Man to Build Bridges
In addition to bids on highway work,
bids were received for both wood and
concrete construction of 10 bridges
along the Columbia highway in C5luln-
bia and Clatsop counties A bid of
$36,959 for concrete by L. o. Herrold,
of Salem, was accepted. The bid was
$4,000 under the estimate.
Fol highway Improvement the com
mission rejected in all cases wacro
there was but one bidder and let the
contracts by force account. Contracts
were let as follows:
Awarded on lowest bid: Coast high
way in TillamOok county, five miles
grading and bitulithic paving, Oskar
Huber, Portland; $110,644.64; estimate.
$97 1924.
Columbia highway in Columbia coun-
ty, from Multnomah county line to
Scappoose, two and three fourths miles,
bitulithic, Warren Construction ecm-
pany, $36, 6,6675.5; estimate $39,730.
Contracts Let by Force Account
Columbia highway in Columbia coun.
ty from Clatsop county line to Goble,
II "a miles, macadam, Clark & Flip |
pan, of The Dalles, $109,891; estimate
$92, 500.
Awarded on force account; John Dav
highway, in Wheeler county, three and
one half miles, crushed rock macadam,
Warren Construction company, bid ot |
Sl9, 9,179.40 rejected and contract award |
ed the company on force account; es+i- |
mate $15,714.
Columbia highway in Clatsop county, |
between Svenson and Westport, 16Hs
miles, macadam. Warren Construction
company S bid of 1924, ,576.30 rejected
and contract let to the company on
force account; estimate $S4,737.
Dcschutes county, Bend to LaPine,
II miles, cinders. Warren Construction |
bid of $47,S10 rejected and |
county allowed to expend $4,000 ap- |
on project by force account