The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-06-06

actions from start to finish and closed
with the affidavit of the county clerk
that all of these thirty pages were
the complete and correct abstract of
the transaction.
Important Information Compiled
In addition to all this County
Clerk Fisher compiled information
about how many acres of agricultural
land there are in the county, how
much live stock, how much taxable
property, gave information about the
canals in the county and the irriga-
ton systems; the lack of crop fail
ures at any time under these sys-
TENS and the lack of grass-hoppers
and other pests; the certainty Of
crops and the kind of crops raised.
Letters bearing this kind of infor-
nation were sent to the bonding
houses.
Wealth of County Made Bids High
By the time the attorneys for the
bonding houses got done reading the
abstract and reading the statement
of the resources in the county, not
ing it's unusual wealth and the al
most unanimous support given by
the people to road bonds, they we're
impressed with the advantages of
making loans to such county, and
they authorized their buyers to make
low rate of interest and high bids.
No Opportunity, for Combines
In some of the counties of this
state combines have been made
among the~ bond buyers and they
bought bonds at their own prices.
The Bingham county commissioners
did little interviewing and much
studying of all things affecting these
transactions and Unanswered the
bond sale in such a way that If
there was combine to govern the
sale in this county, the combination
was shattered at ten minutes past
twelve Monday, when the board an
nounced that they would reject all
bids and sell By open bidding at an
auction to be held two hours later.
Fisher Abstract, Meant Money
At this auction the prices went up
to the figures heretofore state and
the buyers who were the best in
formed from the Fisher abstract
were the ones to bid with the most
confidence. After the sale was over.
men talked and chatted rather freely
over the matter and all agreed that
the Fisher abstract was the reason
for much Of the high price paid.
One bidder said the abstract had
easily brought the county $4,000.
Another bidder, commenting on the
matter, put it at 1000 and another
said $4,000. Certain it is that we
received high price for the bonds
and according to the statements of
the bond bidders there were several
things that were responsible for the
high price and the county commits
sioners and county clerk come in for
a generous amount of the credit.
The people hemselves-the people
who voted the bonds, and especially
the people in those precincts that
voted 100 per cent pure, did much
to put money into the treasury, when
marked their ballots. Every
body that influenced voters to vote
Eyes" on the bonds was by that act
putting money into the county
treasury.
Case of Twin Falls
When Twin Fails county voted its
1ad bonds last March, we announced
that they sold at 1903. We UNDER
stood this to mean per cent above
par, and it was generally understood
so. On a bond issue Of $1,250,000
this would have made $37,50O pre-
MUM, but It was not as people gem
orally understood 1t. The bond sale
at Twin Falls county was for 5h
per cent interest and the bonds sold
at par, plus $103 on the whole issue.
This was higher interest rate and
q lower premium than Bingham
county received. The reason for 1t