Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1872-01-26
Proceedings Of the Special Session
of the Board Of Supervisors OF
Iowa County, Wisconsin.
COUNTY CLERKS OFFICE,
ndnnuilln Wiz Mnnuau Ian ID lSr 2

COUNTY CLERKS OFFICE,
Dodgeville, Wis.,, Monday, Jan. %, 1872.
The Board ofSupervisors Of Iowa Coun-
ty convened pursuant to a call from the
Clerk, issued upon the following written
request:
''To Orville Strong, County Clerk of Iowa
County, Wis:
You arc hereby requested to call a spc
cial meeting Of the County Board Of Sup
ervisors of said county, to convene at your
b office in Dodgevile, on Monday, the 23d
day of January, a. ID. 1872, at one O'clock
p. m.
James Spensley, VIM. cambridge,
ThoS. NJ. Jones, VIM. Robinson,
Tracy Loekman, S. w. Reese,
Davits tIumbert, David Mcfarland "
john W. Edwards,
Called to order by the chairman at two
o'clock, p. IN. Roll called all the super
visors present except Mr. Barnard,
The chairman stated the object OF the
sneetiag TO be to consider proposition
from one Tweed, Of New York, to settle a
portion Of the Iowa County Bonds held by
him. at fifty cents on the dollar.
VIM. I. Henry, by request appeared be
fore the Board and submitted the follow
ing letter:
SO WALL STREET,
New York, December II, 1871. (
DEAR SIR.-Your favor of the 23d ult
was duly received, and would have recclv-
cd an earlier reply but for The absence
from town Of my client We have bonds
numbers "a, 25, GA, rs, SO, 70, 80. 81, 80
90, 81 ia, ll6, III, ll8, l24, l46. l4S,
l49, upon which interest is due from Ju-
", 1857, at s per cent, and if the matter
Can tic closed Immediately, that is to say
during January, 1872, we will sell them
at the price you name, to wit: One hall
os the face and interest to date, to be COM
puted as follows: Take the bonds and
figure up the interest at s per cent from
July, 1857, to date of payment; add that
sum to the face of the binds, (Sl9,OOO)
you to pay us one half of the total thus
arrived at; the transfer to be made in New
York, where the bonds will be ready for
delivery upon receipt of the amount |
will have ethm here at any time you may
ggest. We do not wish to have,this of
fer regarded as continuing, except during
the time have suggested, that is to say,
during January, 1872, as we wish to sue OF
sell without delay. believe that we agree
upon terms Please inform me as early as
possible when | may expect to conclud,
the transaction by receipt of the money
and delivery Of the bonds.
am yours; truly,
CHARLES H. TWEED.
HIM. z. Henry, Esq.
Mr.. Henry also made statement rela.
4Tsrn 10 No r L..
submitted some plans for raising the mon.
ely necessary t. close the transaction
a free discussion then ensued, relative
30 said proposition and the manner Of rails
ING the money to meet it.
Mr.. Lockman in the chair.
Mir. Spensiey intr, duced the following
resolution and moved lis adoption:
Resolced, That this Board issue the sum
of SCI, 500 III County orders of Sl00 each
bearing interest at the rate of ten per cent.
per annum, PAYABLE on the lst day of Feb
Euary, A. D. 1873, and,hat said orders be
distributed pro rata smong The several
towns in the county and placed in tn,
hands of eacf Of the supervisors for sal. :;
said sale To be made OH or Before the Isl
proxi,no and that the money dtriv, d from
the sale of said orders lie appropriated for
the purchase of the bonds. mentioned ia
the proposition of Charles f. Tweed upol
the terms of said proposition proeidfd |
that said orders shall not be sold for less
than par.