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Ingram, Orrin Henry, 1830-1918 / Autobiography, Orrin Henry Ingram : May, 1830--December, 1912
(1912)

Selling the city bonds,   pp. 60-65 PDF (1.2 MB)


Page 63


ORRIN HENRY INGRAM
the bank had advanced) ; then, if we could get $10,000 or $15,-
000 a month until the amount was fully paid, it would serve our
purpose. He asked where the bonds were, and I told him, with
the Importers & Traders Bank, and together we went there.
I had been in New York a year before that and had made the
acquaintance of the president, Mr. Perkins, and he seemed to
have formed a good opinion of me and of the bank I was con-
nected with, and treated us very cordially. I told him we
wanted to see the water-works bonds Mr. Clark had deposited
there. Mr. Bellew looked them over carefully, said he would
take them, and wanted me to state to Mr. Perkins how they
were to be paid. I told him I wanted him to deposit $40,000
to the credit of Clark & Ingram and take enough of the bonds
to cover that amount; and that he could get the bonds from Mr.
Perkins as fast as he paid the money to the credit of Clark &
Ingram, also that I had proposed to Mr. Bellow that after he
had paid the $40,000, $10,000 or $15,000 a month would answer
our purpose until all were paid for. That closed the deal, and
meeting Mr. Leland in the evening I told him what I had done.
"Well," he said, "you have done a wonderful stroke of busi-
ness. I didn't believe you could get an offer for those bonds,
from what I heard from Mr. Moon and Mr. Gleason."
   I took a return train that night and was at home in less
than a week from the time of my departure. My expenses were
less than $75. I telegraphed Mr. Clark a night message, tell-
ing him what I had done, and that was as great a relief to him
as anything that ever occurred to him. This was early in the
fall of the year the dam was built. We had an exceptionally
mild winter and the work was pushed rapidly.
   I should say here that the plans for the dam were made by
Mr. Douglas of Minneapolis, who was an assistant to Col. Far-
quahar, the government engineer at St. Paul. Mr. Douglas
was very partieplar that the work should be done according to
his specifications, and in order that it would be so done he hired
a young man named Johnson, who was in their employ in St.
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