Quasqueton guardian. (Quasqueton, Buchanan County, Iowa) 1856-1858, 1857-07-18

only way that railroad can possibly be
built in this section of country, unless it
has land endowment. This does not
involve particle of risk to the county,
if the securities are good, and yetsecures
to her immense benefits. Without her
help the road is lost, which was not the
case with the other road ; and with her
help she suffers no risk that was attend
ant upon the other project.
We have only time to note another OBJ
lection, which we have but lately heard,
and upon which Judge RoszELL. through
the columns of the Civilian, which at
this late hour we have received, bases
charge of swINpLrNG against the COM
pany. There is point in this objection
of the Judges, and we meet it at once.
But first, let us give the proclamation,
which is as follows:
Sssra ss IG COUNTY $.
NThereas, o petition to me addressed, and
w signed by two hundred citizens and voters
of said county, has been duly presented asking
25th day of May 1857, in the several townships
of said county, and at which election to submit
to the voters Of said county the question whether
said county will loan its credit, to the amount of
two hundred and fifty thousand dollars, to the
Wapspinicon and st. Peters Valley Railroad
Company" in aid of the construction of the
Wapsipinicon and st. Peters Valley Railroad
through said county, by issuing to said company
the bonds Of said county, to the amount of said
sum of two hundred and fifty thousand dollars,
the principal sum of said bonds payable in twenty
years from the date of said bonds; said bonds to
bear interest at the rate of ten per cent. per an
mum, and payable annually in the city of New
York; provided said railroad company shall, at
the time of the issuing of said bonds give to the
County Judge of said county, satisfactory secu-
rty that the proceeds of said bonds shall be used
exclusively in the construction of said road
within said county, and that said Railroad Com
pany shall pay theinterest accruing on said bonds
as it becomes due.
Now l, O. H. P. Roszell, County Judge of said
Buchanan County, do hereby order that special
election be held in each Of the townships of said
county, on the 25th day of May, 1857; and at
the usual places in said townships of holding
elections, to determine the question whether said
county will loan its credit to the amount Of two
hundred and fifty thousand dollars to the Wap-
sipinicon and st. Peters Valley Railroad Com
pany, in aid of the construction of the Wapsi-
pinicon and st. Peters Valley Railroad through
said county, by issuing to said Railroad Com
pany the bonds of said county for the amount of
two hundred and fifty thousand dollars, the prin
cipal sum Of said bonds payable in the city of
New York, in twenty years from their date, and
said bonds to draw interest at the rate of ten per
cent. per annum, and payable annually in the
city Of New York; provided said Railroad Com
pany, shall, at the time of the issuing of said
bonds, give to the County Judge of said county,
satisfactory security that the proceeds of said
bonds shall be used exclusively in the construc-
ton of said Railroad within said county, and
that said Railroad Company shall pay the inter
est on said bonds as it becomes due; and it is
also submitted, whether a tax of one per cent
upon the taxable property of the county for the
ultimate redemption of said bonds, and the pay
ment of the interest thereon, it being understood
that the bonds shall not be issued by said county
until said company shall give satisfactory secu-
rity for the payment of interest accruiDg ON said
bonds.
The form of the vote shall be 'sFor the Rail-
road" and Against the Railroad" Every vote
cast for the Railroad, shall be considered for the
proposition entire, and every vote cast against
the Railroad, shall be considered as against the
proposition entire.
WITNESS my hand and the seal Of the County
aforesaid this 18th day Of April, A. ID. 1857
III 81 Q. Il. P 1 BoS{zE .Ind,,,s
There certainly is nothing said in this
proclamation about securing to the coun-
ty the principal of the loan. The COM
pany contend that the error was a cleri-
cal one, and majority of the Directors,
in card which will be found in another
column, declare that they never expected,
and will not ask, the bonds without pro-
viding security for principal as well as
interest. This is the declaration of hon.
orable men-men who have as much at
stake in this county as the judge, OF any
others in it-men who are pronounced
reliable upon every and all other matters
whose own interests are affected very
sensibly by everything that affects the
county's interests. Then. again, we
have the clear, emphatic declaration of
Mr.. TABOR, that if elected county judge
he will never consent to issue the bonds
without security, ample and undoubted,
for both principal and interest. But Mr..
RoszELL calls these outside agreements,
and says they would be of no binding
force upon him (RoszEIL.) This is on
ly an additional reason why Mr.. TABOR
is more reliable man upon this point
than Mr.. RoszELL.
Mr.. RoszELL says that this proposition
is swindle. If this is true, then he, too,
HAS ATTEMPTED swINDLING. 1t is well |
known that he supported the proposition
of the county taking stock in the Dubuque
q Pacific road actively and ardently. In
the same paper from which we extracted
his proclamation in favor of that compa-
nv. we find long address to the people |