Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1866-12-14
GUR COUNTY CREDIT.

As there is soon to be meeting OF our
County Supervisors, we desire this week
to draw the attention of the members
to very important matter, deeply in
.rolving the public interests. A few
weeks ago, we saw in the Waterloo
Conrier an authentic statement, that
the County warrants of Black Hawk
were atloat on the market, bringing
but seventy to eighty cents on the dol
lar; and that in some cases it was diff
cult to realize even the lowest of those
figures for the paper. We have since
inquired both in official and private
circles, and we find it even so. There
may be temporary advance this win
ter, during the paying of taxes, for
which purpose alone the warrants are
available. But this will soon be over
and the prospect is that by spring it
will be difficult to get two thirds of its
face for the paper of the county.
This is state Of things not only I'M
pleasant, but unnecessary,-noto only
causing serious loss to individuals, but
working untold damage to the county.
1t lis unnecessary; for never was there
more prospecting county, more favor
ed in its location, its resources, its
wealth, or having a more promising
future Of abundance and prosperity
The less favored counties around US
have no such depreciation of their war;
rants. The paper of Hardin on one
hand, as we are told by high authority,
Is good as wheat. On our other
hand, the warrants of Buchanan, I'M
Fortunate as she was in the large rob-
berry of her safe, never went below s.
per cent, last winter they were up 10 30,
and now probably are at par.
Let it not be thought, that it is the
holders Of warrants only, wholose 10y the
depreciation. The credit las we'll rs the |
good name) of the county is thereby |
greatly damaged; and most of the Ia
bors and contracts required by it are
either refused, or charged higher in
proportion to the deprecated value of
the pay. Thus arc The expenses of the
payer is saddied with q heavier load to
be borne hereafter. There is nothing so
detrimental to any community, as to
have its credit impaired, and its paper
hawked about the streets for song
Let us not allow any such reproach to
settle down upon lis. 1t need not be
and, public spirited fellow citizens OF
Black Hawk, it must not be.
But what is the cause, and what the
remedy? We are not sufficiently ac-
quaintcd with particulars to pretend 10
give specific Instructions or advice in
the matter. Some say that the de-
probation is simply owing TO the failure
or inability OF the Board to tax sufli-
GENTLY for the liquidation of outstand-
ing warrants, SO that the amount of
them has become undu!y enlarged, in
The form Of & county debt. If so, the
cure would seem 10 he a speedy assess-
ment TO meet the case. it may be out
of the power Of the Board, to make such
assessment at:Ee approaching meeting;
but still they could indicate by resou-
ton what they would do when the pro-
per timc should arrive, and might thus
prevent further sinking Of the public
credit. ..-. |,
AT any rate, whatever the defect may
he, let it lie carefully sought out and re
paired hy the SUI ervisols. And let Us
soon he able TO quote with pride the
warrants of this county, as at least
equal in value to any in the state.
Its surely matter deserving the ser- .
Gus consideration of tha Board.