[Volume XXV
THE CHICAGO BANKER
99
An Extraordinary Bond Issue
Yielding nearly six per cent. We own and offer
$330,000 Idaho (Municipal) Irrigation District 6% Bonds
BINGHAM COUNTY, IDAHO. Dated July 1, 1907
Principal and semi-annual interest (January 1st and July 1st) payable at tiie Chase National Bank. New York City.
Denominations, $1000, $500 and $100. Maturing as follows :
$16,500 July 1, 1908	$23.100 July 1. 1920	$29,700 July 1, 1922	$36,300 July 1, 1924	$49,500 July 1, 1926
19,800 July 1. 1909	26.400 July 1, 1921	33,000 July 1, 1923	42,900 July 1, 1925	52.800 July 1, 1927
Price to yield nearly six per cent. Special price will he quoted on blocks of $25,000 and upwards
These bonds are payable from taxes levied against the real property of the entire district, which tax liens are collectible the same as School District or other municipal taxes; issued under an act of the Idaho Legislature, approved March 9. 1903.
The Idaho Irrigation District lies in the Snake River Valley in Bingham County. Idaho, and comprises an area of 37,000 acres of land, 85 per cent of which is under cultivation and producing annually net earnings ranging from $10 to $100 per acre. The market value of the land is from $50 to $100 per acre, $75 being a fair average. The debt of the district, therefore, is only Nine Dollars per acre, or one-fourth the average cost per acre of a water right for irrigated lands in other localities. The farmers borrow from $35 to $40 per acre upon these lands from conservative investors.
This issue of bonds amounts to only $9 jfer acre, or one-fourth of the amount represented by an average farm loan, and is a tax lien prior to all mortgage liens.
SUMMARY OF STRONG POINTS
Payment of principal and interest assured by tax liens upon all the real estate and collected in the same manner as in School districts and other municipalities.
A copious supply of water permanently assured.
An old, settled country, improved with stone and brick houses and barns (some of the barns alone cost $3,000). eight-school houses and two churches within the district boundaries.
Three sugar factories accessible to all the farms in the district.
The bonds represent an indebtedness of only $9 per acre, while leading insurance companies loan $35 to $40 per acre upon these same lands.
Estimated value of property in the district—$3.000.000—or nearly ten times the amount of this issue.
Legality approved by District Court and also by ^Vood & Oakley, attorneys. Chicago, whose opinion we furnish.
Orders by telegraph may be sent at our expense.
TROWBRIDGE & NIVER CO.
MUNICIPAL AND CORPORATION BONDS	First National Bank Bldg., CHICAGO
which it will be difficult to equal.
The plot of the original play, “The Man from Home,” was closely followed, but the characters, costumes, stage business, etc., were uproariously caricatured. It was one long laugh from the moment the curtain rose on the servant. Marascino, cleaning־ tableware while an organ ground out “My Mariutch,” to the grand wind-up when the villain gets his, and the hero and heroine get together.
The cast w־as excellent in all respects. Ben Bellows as the Yapp, in an Uncle Joe Cannon outfit, and the accompanying political Smalltalk seemed to be particularly fitted for such a part and he certainly made good with a whoop. Everett Mann as the disguised Russian grand duke had Joe Weber skinned to a Theodore Roosevelt frazzle, false ־whiskers, padded stomach, dialect and all. J. W. Brown’s portrayal of Marascino was really a piece of art. He played a difficult part with intelligence and tact. J. W. Hayes, as Edith, “the sweet young thing” looking for a titled husband, was too cute to live. He wore three gorgeous gowns during the course of the performance and altogether made a very acceptable heroine. He and LePelley, who played the part of Lady Screech, reminded one of the Russell Brothers with their glad rags and rough voices. One of LePelley’s costumes was an up-to-date direc-toire gown which certainly kept the house in a roar, especially when he sat down. Hans Wuehrmann made a very discreet Army of !Monaco and was on the job when needed. George J. Doyle’s delineation of the role of the Countess was of such a high-class standard that we understand Ivlaw & Erlanger will star him soon as a female impersonator. Hi:' Spanish dance in the fourth act made as great a hit as it did in the last minstrel show, which is going some. L. E. Brockway, as Ivacoff, resembled Dave Warfield in the Music Master.
Des Moines Chapter News
The Des Moines Chapter of the American Institute of Banking is slow־ in getting started for the winter. While it was intended to resume meetings after the summer vacation early in September, nothing has as yet been done. It is not proposed, however, to permit the organization to die out and the leading members are preparing to organize again within the coming fortnight.
Chicago Chapter’s Annual Show
. By Thos. J. Nugent.
“The Yapp From Home,” an original burlesque on “The Man From Home,” written bv
S.	E. Kiser. Staged by Frederick Karr. Presented by members of Chicago Chapter, A. I. B.. Thursday and Saturday evenings, November 12th and 14th at the Y. M. C. A. Auditorium.
The Cast:
T.	Sycamore Yapp.....Benjamin B. Bellows
Grand Duke Vasaline.....Everett B. Mann
Marascino....................J. W. Brown
Edith Gudgeon-Simpkins.......J. W. Hayes
Countess de Champignon...........Geo. J.	Doyle
Army of Monaco............Hans Wuehrmann
Ivacoff...................L. E. Brockway
Harry ......................Harry Boyell
Lady Screech............Franklin LePellev
Earl of Hardscrabble...............H. B.	House
Riberino......................H. C. Grier
Mike..................Charles E. Johnson
Albert Sweet-Auburn......E. N. Shrosbree
“The Yapp from	Home” was a glittering
success, artistically, socially, financially, or from any standpoint one wishes to view it, and Chicago chapter has again established a record
Shreveport Chapter Organized
The Shreveport Chapter, American Institute of Banking, has been organized with 30 members, this being the second chapter formed in Louisiana. W. J. Bayersdorffer, of the First National was instrumental in the organization. Officers elected are:	President, George John-
son, First National; vice-president, C. F. Haywood, Commercial National; secretary, J. C. Baker, American National; treasurer, E. A. Conway, of Continental Bank and Trust Com-
Minneapolis Chapter Meeting
In his first lecture before the Minneapolis Chapter on “Bankruptcy” Prof. H. J. Fletcher of the University of Minnesota said that the law of 1898 was on the whole a good one, embodying the two principles that should underlie bankruptcy legislation—an equitable division of the assets of the bankrupt, and his discharge from debt after he had turned over his property to creditors. A smoker and cards followed the second lecture.
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Salt Lake City Chapter
An enthusiastic meeting of the recently formed Salt Lake City chapter of the American Institute of Banking was held at the Commercial Club November 5th, when arrangements were made for carrying out a series of attractive entertainments during the ־winter including a grand ball in January and other social affairs.
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Portland Chapter Re-organized
Portland Chapter, of the A. I. B. has been reorganized and starts off with about 150 members. O. F. Stratton is to be credited with the work of the organization.