The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1869-09-02


nance wuz passed, and it so happened
that he returned the very day that his
interest wuz due. Immejitly he pro-
Ceeded to the Trezrer's office, wich is
Captin McPeter's, with his coopons
Captin McPeter received him blandly,
and, putin the coopons away, rendered
him in loo thereof a receipt for $500
taxes on them sed bonds.
"Wat is this p ejackilated the aston
ished Polock
Taxes" returned McPcltcr smilin-
ly. We hey assessed tax onto our
bonds Nv eight cents onto the dollar,
wich, it happens, is just what yoor IN
tcrest is, We skorn repudiaiion--we
Ehel pay principal and iuterest-but We
bey the rite to tax bonds and tax EN-
we will"
Is the tax eight cents on the dollar
on all bonds w the corporasheu!" askl
Pollock.
"Trooly it is, - sed McPcltcr.
/ II hold also the bonds ishood year
before these for buildin lookup, bat
wich only bear six per cent The tax
pays the interest and two percent over
what viii you do with the two per
cent?"
DO with it7' exclaimed McPcl.ur
"Wby, we shel apply it to the pay
ment NV the principal, NV course. The
entire revenoo NV the corporation is
pledged to the extinguisbment uy It's
debt, and we shell not be recreant to our
trust"
Pollock went away, but McPelter
he'd a new idea. He immeiitIy called
the Council together, and sejestel that
the tax on the bonds ought to be twelve
instead nv eight per cent, II that tax
would not only pay the interest Oh the
per cent bonds but wood extiuguish
the bonds themselves The six per
cent bonds wood not only be eaten up,
but would leave Pollock in debt to the
corporashen long before they wuz doc.
The way NV escape from our troubles
wuz SO very plain that the Council to-
wunst acceded to it; and notis wuz
given Pollock NV the new ackshen.
ImeiitIy the craven wretch wanted
to sell the bonds to the city at half laer
face, but the proposition wuz rciectil
with skorn. The Council passed. res
olooshn rebookin him for intinatin that
the Corners wood not live up to It's
obligations
''Ez much ez we Ioathe 700" re-
marked Elder Pennibacker, the Munici
pal President, we shall pay yoor bonds,
dollar for dollar, principal and interest
requiring 700, however, to bear sich
taxation ez may be levied QUITO yoo."
"But ez the tax eats up both princi-
pal and interest, what do l get for my
money!" askt the stiff man.
"The protection ay our laws" thuu-
dered Pennibaeker.
The people was so indignant at this Alb
lishnist meddler for his obiectin to so
ekitable proceedin that they mobbed
his store and wood hev hung him. but
fer the interference Nv Joe Bigler, who
is alluz where he aint wantid Ez it
wuz he wuz arrested for breediu distur-
Dances and fined $40. He rendered, in
payment NV his fine, a corporashun
bond, but the Justis refoosed, very
properly, to take it, and held him till
he shelled out a greenbsck from his i'll
gotten boards.
Pollock feels sore, but we don't. Re
lieved from these bonds, the Corners
will hev no taxes to pay, and we conf
dently expect a return NV the prosperi-
ty to wich we hev bin so long a stran-
ger.
Yours with affeckshun,
EMGER PoGRAM.
P. S.-Ef you do get into a good
thing, and kin spare it, do remit por-
shen at least Nv wat you owe me. Times
is tite here. E.P.
Ez finisht his movin epistle, | Good
not help thankin the Lord that in one
spot at least, the Democracy practis
wat they preach. Thank heaven for
Kentucky.
PETROLEUM V. NAsBY,
(Wich wuz Post MASTERY
-. -