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Evening Journal
Wilmington, New Castle County, Delaware
What is this article about?
In Wilmington, City Treasurer Howard D. Ross announced the full subscription of $35,000 park loan bonds, the first public offering of its kind, with backups in place and potential for $100,000.
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City Treasurer Howard D. Ross announced to-day that the $35,000 park loan had been subscribed for in full, but that conditional subscriptions were being received, so that in case some of the persons who have subscribed for the bonds fail to accept them, the city will have other subscribers to revert to.
The offer of the bonds at popular subscription was the first time such a thing was ever attempted in Wilmington, and the result is gratifying to both the city officials and to the Sinking Fund Commissioners.
There is no doubt in their mind that $100,000 in bonds could have been disposed of.
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Domestic News Details
Primary Location
Wilmington
Event Date
To Day
Key Persons
Outcome
$35,000 park loan subscribed in full; conditional subscriptions received as backup; $100,000 in bonds could have been disposed of
Event Details
City Treasurer Howard D. Ross announced that the $35,000 park loan had been subscribed for in full, with conditional subscriptions being received in case some subscribers fail to accept the bonds. This was the first time bonds were offered at popular subscription in Wilmington, gratifying to city officials and Sinking Fund Commissioners.