The Placer herald., 1870-05-28

ment of debt before it is due.
| 1t is true that tie Act of 1866 places this money
| in the RAILROAD Fund.-" but that was passed sub
scquent TO the issuing OF the bonds, and therefore
! q question may be raised whether the county can
compel a surrender of the bonds. The Auburn
! papers are therefore acting directly, whether
they so intend or not in the interest oil the enc
| mics of the county. by publishing uniounded
/ rumors and encouraging litigation against The
! Supervisors, anl thereby prejudicing the public
! mind against them,
The HERALD finds fault with tie price for
| which the stock was Sold
| This is little strange Before the sale | could
| hardly find man that did not express himself
satisfied il we could get 20 cents on the dollar
! Frequently was eered at for asserting that the
! stock could be IN de to bring par.
Alter the passage of the Act OF last winter,
! had determined to negotiate with parties in the
East for the sale of the stock, but was waiting TO
! consult with Messrs. Kinder and Pratt. In the
| meantime receivedia letter from Judge Hale sign
ed also by Jos. Walkup and W. NJ. Crutchtr, stat
| ing that a gentleman was ready to bid for the
! stock at par, in ninety days, or perhaps thirty.
and deposit S25, 900 TO bind the bargain until
! that time If not taken at the end OF that time
! TO forfeit the 5000. The letter also advises
me not to commit myself to less favorable bids
without first seeing the parties mentioned.
! went to Sacramento Immediately to see Judge
! Hale and learned from him that the, above was
! the extent Of the gcntcmans bid. | then went.
! in company with Mr.. Kinder. TO Attorney Gene
! raj Hamiltous Office, and he advised us, II we
could get rar value for the stock to sell imme-
! dately. Mr. Pratt then arrived. and we went to
Judge McFarland's Office. aud Edgar Wis came
! in aud offered sXy-6ve (65) cents on the dollar.
| replied that | would not consent to sell the
stock for less than par. He went out, and refused
! to bid further We then informed Chas. Crockcr
that We were going to sell the stock, and iha: il
! he wanted il he could make bid. His highest
bid was G8 cents. Mr. Craig. Mr. Mills attorney,
! wa, present. ana we informed him that he stock
could not he sol for less than par, and that we
would sell it if we could get that in less than ten
DAYS He then desired that Mr.. Mills mi ght have
another bid Edgar Mills then came in and bid
! S243 0O0 being sufficient to cover the outstlnd-
| ing bonds. We decned after which he offered
| $3.50 600, and we accepted the offer. Mrllamilton
had told US before this that the conditional bid,
above referred to, was the extent OF the bid made
| by MIR. Lombard the person referred TO i'll Judge
! Hale's letter
Taking all things together, and act ing from
my knowledge Of the wishes OF the people of
! Placer county. thought at the time it was
duty to accept Mr.. Mills olfor, and get the money
ut once. ii was certainly better TO get $3.50 900
down. than TO get S25 900 down, with the uncer-
! tainty OF getting the remainder at the end oil the
time mentioned. Besides, the law did not allow
us to sell on credit. The county has redeemed
! 81 600 of her bonds, so that the money we got is
some 81 600 more than the bonds outstanding.
If we committed an error in selling it was
| from our zeal to 10 the best we could for the
county. We thought it our duty to accept at once
of certainty, because we did not know but cir
cumsiunccs might occur soon which would pre-
vent our doing as we'll. Who will not say that in
this matter we were compelled to shoulder great
responsibilities. 1t was forced upon us. Is it
! not severe then to find tha. we have suddenly
become The Objects OF such bitter attacks?
1t is even reported that we were paid for SELL
| ing the stock to d. O. Mills & Co. This is false.
Not a cent did we receive and we dealt with d.
| O. Mills as any man would deal with another,
forcing him to the best bargain we could.
Now ask. is not the compensation VIC have
CHARGED reasonable? dc not think an agent
could be found who would negotiate and sell
mining claim worth 100000, who would not
charge s. 900 for his services The suit com
menced against US has been commenced by an
/ AUBURN banker, who has been buying county
| Scrip at great discount. The Supervisors this
| spring determined to levy the taxes sufficient to
cover the county expenses az we went alorg so
| that iurymcn aud others could draw their cash
from the treasury, and thus encountered the hos
tilily OF this banker. The 800 which the Su-
pcrvisors have charged does not amount TO the
81 900 which was received for the stock, over
and above the outstanding bolds.
The Office of the Supervisor is q laborious ore.
! with very small compensation. The entire amount
received for services does not pay much eX-
] DenScS. DeSTlcS tue VI II ulhu ictN-
1 ing his business. 1t is said by the Herald that
but three days were spent in selling this stock
| will say that ia this he is mistaken; besides,
! have spent considerable money out OF my own
pocket But as the matter is now before the
Cour, Tor litigation, do not think it proper to
argue this quest on here. II | erred in going to
Sacramento at the time this stock was sold. it
arose from the letter OF MeSsrs. Hale, Walkup
and Crutcher. 1t has been said 10y the HERALD
| that went to Sacramento on a special tHin.--
This is mistake. | started from Iowa Hill TO
consult Judge Hale in regard to the subject OF his
letter. and paid my fare. On arriving at Auburn
| learned that Judge Hale was aboard the cars.
bound for Sacramento. | then paid my fare and
went on the same train with Judge Hale TO Sac
ramento. Soon after | arrived in Sacramento
Mr. Kinder came up on the train from San Fran
cisco. Mr.. Pratt came down on freight train in
| the afternoon. After the trade was made it be-
came necessary that special meeting OF the Su-
pcrvsors should be held to ratiiy the trade. Mr..
/ Mills desired us to come early the next morn.
ing and as the regular train did not leave till
/ the afternoon. he Procured special train to
bring us up. Before we let Sacramento we had
/ the certificate of special deposit on d. 0. Mills
& Go S bank for the $3.50 600. Was there any
| thing wrong in accepting Mr.. Mills proposition
to ride up on \ special train, alter the trade WAS
made?
1t his hecn reported that Mr.. Lamhar1, the
gentleman who offered par. aud $4,000 down.
has stated mat lut SupelN tsoIH lCC'lNtu u,UOO
each for selling the stock to d o. Mills. | will
say in reply that il Nh. LAmbard made this state
ment. it is n deliberate and malicious lie. We
received not dollar. either in money or prom
ses, rom any human being. And if we get moth
ing from the county, we shall not get dollar
from any source.
Now would ask il the people of Placer conn
ty whom have cndeavored TO serve faithfully
and honestly in my Official capacity, are going to
stand by and see my reputation, which trust
has hitherto been good, destroyed Ivy these foul
slAnders? Though | have the satisfaction of
knowing that have honestly discharged my du-
ty to the people OF Placer county in this tronsac-
ton that the S250.000 now lying in the bank OF
d. 0. Mills Il CO.. subject TO the order of Placer
county. is every cent that was realized for her
stock, and thirty per cent. more than ninc-tcnths
OF the people expected aud though feel assJred
that am more justly entitled TO the allowance
made for this work than similar allowances made
TO my predecessor, yet it the courts decide that
am not legally entitled to it, l am content, bat
hope that former members of the Board will be
,in IA laru II ~ ho thnu nd thnv