North Iowa times. [volume] (McGregor, Iowa) 1867-current, 1868-04-15

les MOIneS Nailey nallrOld company
from all present and future liabilities grow
ing out Of or incident to any Of the matters
by lease or other wise pertaining to the
Croton Dam. And before said o. II. p.
Scott shall be entitled to receive the war
rants coming to him as hereinbcfore pro-
vided. he shall surrender to the State of
Iowa, and release the State of Iowa, and
the Dcs Mones Valley Railroad Company
from all liability upon the original con.
tract of the State of Iowa, and all supple
mental contracts for the building Of Il lock
and dam at Plymouth, and shall also sur
render to thu State of Iowa. all rights aris-
ing hereunder, and release the State and
the Des Moines Valley Railroad Company
from all past, present and future liability
upon or on account of the contract or lease
Of water-power originally made by the
State to Jonas Houghton, for twelve run
of stones at Plymouth, and from all liabi-
ity present and future growing aut of or
connected with said dam and water power
at Plymouth, ard shall also file in the Re-
gister's Office satisfactory evidence of the
assignments of the same to him, and shall
complete the same at Plymouth at his own
expense and cost, within five years from
the passage Of this Act.
SEC. 4. Upou the execution of the re-
leases provided for in section 3 of this Act
to the State of Iowa, and the Des Moines
Valley Railroad Company, and upon filing
satisfactory evidence of such releases in the
Registers Office of the State of Iowa, the
Governor shall upon written request of the
said railroad company, execute convey
ance in the name of the State of Iowa, to
said Wells and Company, without warran-
ty of the lock and dam at Croton, and of
the lands appurtenant on either side of the
river, and the water-power thereto belong
ing. And when said O. II. p. Scott shall
surrender to the State of Iowa the original
and supplemental contracts aforesaid for
the construction of a lock and dam at Ply
mouth and shall discharge the State and
the Des Moines Valley Railroad Company
from all liability arising Hereunder, and
when he shall discharge the State and said
railroad company from all past aid future
liability upon the lease of water power at
Plymouth aforesaid, and from all past and
future liability growing out of or connected
with said lock, dam, water-power or leases,
and shall file satisfactory evidence of such
releases and discharge and surrender in the
Registers Office of said State. the Governor
shall, upon the certificate of the Register
of the State Land Office of the completion
of said dam, execute conveyance without
warranty in the name of the State of Iowa,
to said o. II. p. Scott, of the lock and
dam at Plymouth, and of the lands APP
purtenant on either side Of the river.
bought by fhe State of Iowa for the use of
mill-yards, being about eight acres in all,
with the excl .sivc right to the said Scott,
to use the water-power created by the con-
struction of such dam, and any other pri-
vileges connected Herewith, and the State
of Iowa is hereby released from all liability
to keep said dam in repair.
SEC. 5. Whereas all liabilities past,
present and future of every kind and des-
cription growing out of or connected with
the water leases or water-power, and with
building of the locks and dams ut Keosau-
qua, Bentonsport, and Bonaparte, have
heretofore been adjusted and settled, and
the State of Iowa and the said Railroad
Company have been released therefrom :;
noc therefore, this act is intended to be,
and is Il full, complete and final settlement
of all claims and liabilities present and iu-
ture against the State of Iowa and said
Railroad Company, growing out of or
connected with the water leases and build
ing the locks and dams at Plymouth and
Croton.
SEC. 6. This Act, being deemed of i'm
mediate importance, shall take effect and
be in force from and after its publication
in the loca Stale Register, and Ioua STATES
man, newspapers published at Dcs Moines,
Iowa.
Approved March Is, 1868.
hereby certify that the foregoing Act
took effect by publication, as required in
section thereof. on the 23d day of March.
A. d. 1868.
ED WRIGHT, sccy Of State.
Surprising it be true that poor men and
laboring IN n, directly, or through savings
banks and insurance companies of various
kinds, have inves ed largely in United
States bonds. How does this fact affect
the obligation Of the government to pay
the bonus?
The question is not whether the MAORI
ty of the bondholders, or. rather, those
holding the major part of the value rep
resented by the bonds, be rich or poor
The pecuniary circumstances Of the public
creditors do not touch the bargain made
with them. If the government has con-
tracted 50 to do, it is as much hound, in
honor and law, to pay Belmont or Astor
one dollar in gold as if the contract was
between the United States and a wood
SAWYER.
While this is true, it is more natural
that the people should resent an effort of
capitalists unlawfulIy and dishonesty to
extort money for the taxpayers, than that
they should resent like effort by laborin :
men. Governments. as well rs individu-
ais, ''should be just before they are gener-
GUS" Simple justice to the taxpayers of
the country requires that no more shall be
exacted from ''the bond.'' As a question
OF fact, probably three fifths of the FIVE
twenties are held by capitalists.
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