The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1869-10-08


DEER LODGE CITY, FRIDAY. OCT. 8.
COUNTY DEBT
H.! Our independent contemporary the
Nkw NokTn. W EST, has m article In liz Inst
Issue, unHcr the above caption. In which IL
Eoe. lHyond the principles Of the Demo.
cratic party rs applied IN the payment of tho
national debt, and proposes scheme for the
s''lutiOn Of our local financial question which,
amounts u reputation pure and simple.
a. A better suggestion would have been
70 wirc Out the county debt entirely.
49, The plan suggested 10y our coienpo.
rary looks fair on paper. and ut first view
seems plausible; and, II consistent with good
faith and not void, We should sanction such
y movement. But there seems to be insur.
n'OuntatIe obstacles In tho way: first, it
would be bad faith towards the holders of
cOunty warrants to make any other dispOsi-
zion Of the county revenue than to l,ay the
bonds IN their regular order Of maturity, to
which the faith Ut the county stands plcdg-
I'D. and which il u part Of the original con-
tract; tlse''.. under the decision Of the Su
prrnie Court at its December term. IN the
ssse Of Thomas &C. Smith. we are at loss
10 conceive how bill could he framed TO
meet the objections Of tho Court to the Fund
ing Inv. and to make such an appropriation.
a. The regular tax ~ II now stands
might be imposed will, sn addition thereto
Tor the PURPOSES named. which the courts
might sustain; but II would be 50 burden
sot,'c rs to meet opposition fwm the people.
~ Wud complaints arc now made about heavy
taxation. We opinc that any other mode Of
would be void and. # not 80. Il would lie
very bad faith, such rs the tax payers Of the
county would not wish 10 practice. While
political corporations can, 10 n limited dc.
gree. control their finances. in other respects
Shcv differ hut little from individuals.
a. What business man Of honor. hon.
sssy and business integrity would ~ com.
pound with his creditors The law itself
would stop such an attempt on its very
threshold. and the insolvency laws deny him
Shcir benefits II he docs. To tho contrary.
oil obligations should I've paid to their hold
be collected
(6) We feel inclined to encourage any
spte,pe that may hc devised for thc welfare
OF the county by the new party and not ct.
tempt to thwart II. We anv. give them full
swing.-IadYcndent, Oct I'd.
We give our ncighbor the benefit %: tho
sbovc. We like its temper. and enjoy the
convolutions that arc necessary II raise tech
meal objections. They are worthy OF Phil.
!adelphia lawyer. And now.
/. If We only go 1ryond the financial
principles Of the Dcmocn.ic- party" why
should you object? Yon misunderstood the
proposition. il you think there is rcpudia-
ton in it. 1t Is \ proposition to 1"y. some
thing that never could hc done in the world
II our county affairs should be continued rs
they have progressed for two years past. 1t
y wholly voluntary on the part of scrip hold
~ to surrender it or retain 1t. The county
officers would merely say, Here is $1,000;
who will give the largest amount of county
scrip for it. on certain lay. we retaining
she right 10 reject any and all bids!" 1t is
uigh.y poor logic thss can construc that into
svpudiation.
81 That Is your proposition, not ours:
You show your hand too early in tho game.
T. Your first objection is the only one in
teui article that has merit. and it il most ut
eS0, 900 debt Of this county being redeemed,
Rhile the administration is spending twice
or thrice its income. a. this one is? And
~ould not the AZ prccis:ion Of scrip, BY the
plan of redemption proposed inurc 10 the
benefit Of every scrip.holler; and ray him
better than tho possibilities under the pres.
snt re,rograde plan? If the plan il illegal,
do not adopt il. But before you make rash
assertions on that point, consider that Cali
Sornia In 1866. with debt of $500. 900 or
$500 900. adopted the plan. and through
Il, the only possible means. rcst"rcd health
lui state Of dnanccs Remember that Nevada
did the same thing tor humboldt and Story
counties. Read the Idaho papers Of to-day,
and ace the advertisements Of the County
Commissioner, under Democratic admin
istsation, for the surrender Of scrip on the
Very plan that is "rcpudiation" aad ''unlaw.
ful" to you. in Montana ..j .8t
L We'll! We owe CSC, 0o0 The interest
on portion Of It Is Is per cent per annun,
On the remainder 10 per cent. per aunum Is
soon - registered. and it must be registered
- soon - presented. Our scrip is worth 20
cents ON the dollar We pay the market
value In interest every two years, or lcss.
The county has to psy five times the value
for everything. and then II Il reieens is
paper, pay i've times for what It received for
it. How long can this 60 ons There will
b over 81, 900 paid into the Treasury for
ihs entry of Dccr Lodge town lots. Tha,
would take up ts5, 900 Of tho County Debt,
end save, besides. the payment Of q, 900 In.
sereG within twcnty.four months thereafter:
Who would lose by It! Not holders that
cell, for the bargain must be cansum,nsied
BY item; not those who hold, for their pa.
pr Increase in value, and wc savc 90. 900
a. the county by the Transaction. Can It be
devoted to better purpose!
8. Il 10 dono every day by honest men.
swiodless carry high head, llll their pock.
- and pay nothing. Men discount their
aeses, by agreement with the holders. IL
Shss d'shohestl d.. y . 49, 3d. .". %
& We ore glad to hcsrit But Il our plan
= bad. suggost good one. We rrpca,, that
2 l.. - 80 ia go -