The Chandler News. (Chandler, Okla.), Vol. 13, No. 42, Ed. 1 Thursday, July 9, 1903 Page: 2 of 12
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THE CHANDLER NEWS: THURSDAY, JULY 9, 190.3.
THE RATES WILL ADVANCE
A Leading Firm of Bond Dealers States That
Five and One-Half Per Cent, is the Lowest
Rate at Which Municipal Bonds Can be
Sold at Present and That They Cannot
Long Find a Market at That Rate.
During the administration of J. F. Collar as mayor he had
correspondence with a number of bond houses with a view to learn-
ing what it would be possible to do in ths way of selling water-
works bonds, and as a result of this correspondence M. F. King,
representing John Nuveen & Co., of Chicago, bond brokers, met
with the city council on May 25 and submitted a proposition for
the purchase of an issue of waterworks bonds bearing interest .at
the rate of Sy2 percent. The proposition was not accepted, the
council still hoping to be able to sell the bonds at a lower rate ol
interest. After repeated efforts to secure more favorable terms
the council concluded that 5# per cent, was thfc best they
could do, and, the time before the making of the tax levy being
short, a contract was made with another house for the sale of
bonds bearing interest at 5/z per cent. The Nuveen Co., not
knowing that the council had taken this action in the matter, wrote
a few days ago concerning the proposed bond issue, addressing
the letter to Mr. Collar, who they supposed was still mayor
The letter, which we print below, gives an interesting statement of
the present condition of the bond market.
Chicago, July 1, 1903.
J. F. Collar, Mayor,
Chandler, Okla. Ter.
Dear Sir • *#
Our Mr. M. F. King was in your city on May ^>th
and reported to us that he made an offer to take the$35,-
000 water bonds of yqur city bearing 5 % per cent, interest
but that you would consider no better rate than . pe
We would state to you that it is impossible for your
citv to get a 5 per cent. rate. We purchase more bonds
in Oklahoma than all the other bond houses put together,
and we consequently have the best market and can give
the lowest rates of any bond house. We would not con-
sider your bonds at all at 5 per cent, and doubt whether
at the present time we would care to renew Mr. King s
offer of last May and take the issue at 5 >4 per cent.
Money rates are advancing constantly, and as the
time comes for moving the crops rates will advance still
more and 6 per cent, will be the very lowest rate at which
we would care to consider your bonds.
We would therefore advise that if you wish to issue
bonds at all that you do so at once, as you will not be able
to get as good a rate in a short time as you can at present.
We have just had an instance in Indian Termor)
where our representative offered a large premium last
March for an issue of bonds, but they refused to do any-
thing, thinking that they could do better by waiting.
Our representative visited this town again a few days ago
and refused to take the bonds at $500 less than he offered
three months ago. We cite this instance, as it will be
the same in your case.
If your council is ready to sell the bonds at the Pres"
ent time and will consider 5 % or 6 per cent, we will be
pleased to have our Mr. King visit your city again and
close matters up with you. Otherwise it will be a waste
of time for him to do so.
Kindly take this matter up with your council and
us know whether they are ready to make such an arrange-
ment at the present time.
Awaiting vour reply we are
Yours truly,
Di B John Nuvef.n & Co.
The above letter is not written as a bluff by a tirm who
know that the bonds are already contracted, but is written m
good faith by people who know what they are talking about.
The facts which it states are worthy of the careful consideration
of the voters of Chandler, especially those who may doubt
whether the pending proposition is as good as we can get
CERTIFCATES GRANTED.
One Hundred and Eight Teachers
Who took Examination at
Close of Normal.
The examination held at the close
of the normal institute resulted in the
issuing of certificates to one hundred
and eight teachers, five first, 47 sec-
ond and 56 third grade, as follows :
FIRST GRADE.
Gertie McCormick, Parkland.
Theo Watson, Sac and Fox.
Jessie L Stack, Chandler.
Gussie Ward, Chandler.
Darwin Stiles, Rossville.
SECOND GRADE.
Millicent Cloud, Stroud.
Lenora Harrison, Stroud.
Mrs Rose M Staubus, Chandler.
Bessie Lippert, Stroud.
Ollie Pryor, Chandler.
Robt. C. Shirley, Kendrick.
Ollie Tompkins, Guild.
Ella Thompson, Lydia.
Pearl Cox, Chandler.
Henry Collark, Langston.
Sara'l E White, Sparks.
Alfred Fent, Fallis.
J H Brown, Lambdin,
Stella Alspaw, Cushing.
Bettie R Scott, Sac and Fox.
Effie Burr-is, Chandler
Flora White, Sparks.
E A Dickinson, Chandler.
Mattie Meyers, Baker.
Ada Williams, Perkins.
Clarke Benson, Warwick.
M E Coleman, Chandler.
Lena Smith, Stroud.
Gay Blake, Stroud.
Bessie Baker, Stroud.
T A Colbert, Chandler.
E M Castleberry, Arlington.
Florence Fent, tallis.
E F Hurlbut, Ida.
Fred F Martin, Tryon.
Irene Koch, Wellston.
May Lightfoot, Sparks.
S J Foster, Chandler.
Edward McKim, Chandler.
Pearl Haskins, Cushing.
I W Bragg, Chandler.
Mattie Newton, Stroud.
Inez Nash, Stroud.
F M Foster, Chandler.
Crete Hogan, Davenport.
Charlotte Lowe, Guild.
W S Jones, Wellston.
Mrs W A Robinson, Stroud.
Mamie Lowe, Guild.
Bertha Lennington, Parkland.
Blanche L Barr, Parkland.
THIRD GRADE.
May Henry, Stroud.
Minnie Denyer, Warwick.
Nellie Lake, Sparks.
Jas Farrell, Rossville.
Loreno Watson, Sparks.
Orpha Anderson, Carney.
Grace McCurry, Sparks.
Mary McCurry, Sparks.
Eva L Donegan, Chandler.
Thad Slaughter, Chandler.
Carrie E Bre\ er, Rossville.
Bertha Matteson, Baker.
May Black, Stroud.
Perlee Irwin, Wellston.
Clyde T Jones, Wellston.
Roy Knack, Rossville.
Harvey Hostetter, Chandler.
Enos A Waychoff, Arlington.
Kate Thome, Cushing.
Bessie Wilson, Bristow, I. T.
Edna Keeler, Stroud.
Elizabeth Cook, Tryon.
Marinda Abernathy,|Handley.
May Warren, Stroud.
Jennie Funk, Chandler.
Ora Winar.s, Parkland.
Grace Brock, Kendrick.
Lillian Dixon, Tryon.
Audrey Wilcox, Carney.
Maud E Nash, Stroud.
Alice M Jones, Chandler.
Maye Schaffer, Stroud.
Eulah Thompson, Lydia.
Lillie Thompson, Lydia.
Mary Anderson, Centralia, 1. T.
Mary Bragg, Centralia, I. f.
Cora Trask, Stroud.
Grace Tompkins, Guild.
Otto Geiser, Rossyille,
Elma Noel, Lewiston.
Calla Layton, Parkland.
Emma Macy, Parkland.
Glade Burton, Stroud.
Genevieve Mears, Parkland.
Kittie Wells, Chandler.
Maud Cody, Chandler.
Leona Gaylord, Chandler.
Dixie Benson, Stroud.
Ethel Huston, Chandler.
Mamie Haynes, Stroud.
Alzina Curry, Kendrick.
Carrie E LaBrue, Ellis.
L E Todd, Ellis.
Kate Ferguson, Parkland.
T D Paddock, Avery.
Jennie L Slack, Chandler.
Miss Jennie Slack made the grades re-
quired for a second grade certificate but she
had not had the requisite experience to en-
title her to a second grade.
Cora Gee, of Carney, and Mabel Burton,
of Stroud, both made the grades required
for a third grade certificate but neither
them is old enough to entitle her to a cer-
tificate.
MEEKER.
Why won't the city marshal brush
the dust off the doves' wings?
Ellis & Gillard are putting the
roof on their new store building.
Why don't the Parnell people
start a soap factory? They have
natural advantages.
F. Ward & Co. are putting in a
short order house and bakery, on
the Odd Fellow lots.
The Q. V. News says all roads
lead to Rome. Some of our roads
lead to cussing and that leads to h—.
John Augustine is in the real
estate business and has some farms
for sale at prices to suit. See him.
There is talk of organizing a G.
A. R. post at Meeker. This is right;
things will move along smoothly
when the old boys get together.
The editor of the Meeker Herild
made the eagle soar so high on the
Fourth that a Kragg-Jorgesen
couldn't touch a feather. The old
bird hasn't come down yet.
House moving has commenced
from Clifton and you can begin to
see the effects on the town. These
shacks ought to be disinfected,
whitewashed and left in Clifton.
J. W. Augustine is trying to sell
that Clifton block to Meeker for
'fraid holes and a place to keep the
scrappers, swell heads and other
criminals that are getting numerous.
The house of Tolbert White was
robbed of clothing, silverware and
everything loose. The house of a
tenant on Mr. White's place was
also robbed of clothing. At White's
place they left an old coat with
matches and some bread in the
pockets.
One man shot and two stabbed at
Prague ; one sent to grass at Meek-
er, the wires are down and the death
list from Peyton and Sparks cannot
be ascertatined. The fellows that
will long remember the Fourth are
the ones that paid excessive prices
for stand privileges.
W. C. Culver late of Co. "D"
12th Georgia C. S. A. was the first
man to ding Old Glory to the breeze
in the city of Meeker. Culver has
medals for bravery in active service
but he surrendered 40 years ago and
stayed. Now if he will present th.it
flag to the post to be organized in
Meeker, they will hoist it every
4th of July for the next one hun-
dred years or until the last ravel
ing in it has been borne off on
bosom of the gentl' iJi'h wind.
A.
the
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Gilstrap, H. B. The Chandler News. (Chandler, Okla.), Vol. 13, No. 42, Ed. 1 Thursday, July 9, 1903, newspaper, July 9, 1903; Chandler, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc117690/m1/2/: accessed April 23, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.