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

err, as will be seen by comparing them
states what return the companies are to
make to the county for the bonds, and if
the expression issue bonds to aid in the
construction" involves the necessity of
some return from the Dubuque company
to the county, assuredly the expression
loan its credit" in the other PROPOSE
ton equally demands an equivalent re-
turn from the Wapsipinicon road. This
is no garbled statement. We give the
two proclamations, and any one can COM
pare them.
But this objection is not valid one.
There is no room to doubt the good faith
OF the company. Said one Of the most
bitter and unrelenting enemies of the
road to us yesterday, There can be no
reasonable doubt that the company ex-
pected and intended to give security for
the principal" The terms of the proc
lamation, "loan the credit Of the county
mot make gifi) to the Wapsipinicon,
&C., road" involves the necessity of such
security. Besides that, the known views
of both candidates for the judgeship. and
the following card from the company,
"makes assurance doubly sure -
OFFICE OF THE WAPs1P1NrcoN & ST.. Pc
TIERS VALLEY RAILROAD COMPANY,
Quosquetom, buchanan co., July 16, '57.
Whereas, 1t is currently reported by
the enemies of the W. & st. P. V. R. R.
Company that it is the intention of said
Company to cOnstrue the late vote of a
loan of credit by Buchanan county as a
gift of the principal sum Of Two Hun
dred and Fifty Thousand Dollars, and to
ask for and receive the same without any
return on the part of the Company and
this is offered by them as reason why
that vote should be rescinded at the APP
preaching election in August, the under
signed, Directors of said Company,
being all the members of the Board who
can be consulted at the present time, deem
it proper to make the following statement:
The omission to state explicitly the
purpose of the Company to issue Stock
to the County, in the proclamation order
ing the election of May 25-which is
now charged as an intentional and fraud
ulent omission-we believe to be sus-
tanned by the precedent of similar propo-
sitions heretofore submitted in this and
other counties, when no such charge
was made.
The terms of the proposition, az stated
in the proclamation of the County Judge,
viz; Whether the county will loan its
credit" would seem clearly and COM
pletely to preclude the construction
suggested, and effectually to prevent the
carrying any such purpose into effect, if
any such were entertained.
The Director of this Company are well
aware, as every rejecting man must be,
that the bonds of the County so issued,
that is for no onsideration-would be
invalid and worthless in law and in the
market.
But aside from all these considera-
tons, the Directors are free to declare,
and do hereby declare, that they neither
have now. nor ever had, any other pur
pose than to issue for the benefit and
security of the county, separate and aside
from the security for the payment of the
interest AS it accrues, an amount of full
paid stock equal to the amount of the
bonds issued by the county for the use
of the Company.
L. w. HART,
E. B. OLDER,
f. G. PATTERSON,
RUFUS CONABLE, JR.
P. A. BROOKS,
S. V. THOMPSON,
D. s. DAVIS.