The weekly Shasta courier., 1872-12-28
THAT CONTRACT.
Shasta, Dec. oath. IS'

/ Shasta, Dec. 24th, 1872.
| EDITOR CoURIER.-Dear Sir AT the risk o
trespassing upon your good nature, send yo,
a few lines in reply to the communication o
Justice in your last issue.
In response to his long statement, to show
the necessity for building Cow Creek Bridge
| have only to say, that such necessity is moi
denied by me.
If Mr.. Justice had read my former article
carefully he would have seen that | did moi
charge the Hon. Board, with Intentionally
discriminating between creditors, or imposing
upon tax payers, but that that is the effect o.
all such transactions, think any one upon
careful review of the subject, can draw nc
other conclusion My chief object was tc
draw attention to the practical workings Of
such contracts, as well as to their illegality.
think from The gingerly manner in which
he alludes TO that point, that Mr.. Justice i;
clearly convinced OF the fact; and if the Hon
Board had consulted their legal adviser as to
the terms of the contract, he would undoubt-
edly have advised them, that there was but
one way, in which they could legally fulfill its
terms, and that would be in issuing Warrants
to the amount of $1,000.
He asks: 'sWill Tax Payer say that $1,000
in scrip, is the equivalent of $1,000 in coin ~
Tax Payer will say to him most decidedly, that
so far as the Hon. Board is concerned it is,
and that every dollar issued over and above
that amount, is an illegal issue and that in
making and fulfilling the terms of a con-
tract by such an issue, they place the holders
OF such scrip in a precarious position.
Ii would appear from his article, that the
Bulls and Bears of Shasta had much to do
wish this transaction; strange that such coun-
sellers >houid be chosen, to determine what
discount Shasta county scrip will bear, even
a owing the Board have the authority to dis
Gun il, instead Of consulting dsinterested
parties; but even Bulls and Bears are sometimes
sinsed in st ok jobbing operations.
suppose the afore mentioned animals had
sided tha, scrip was worth but fifty, or even
tw ntYtye cents according to Mr. Justice
line q sIgument, the Hon. Board would have
been compelled tn issue Warrants to the
aonsi of twice or four times $1,000. as the
case niight be, ior if the, have the authority
10 fix the price in one case at 62t cents, in
another case they would have the same author
iiy to fix the price at so or 40 cents, or at any
figure, or at any price tire Bulls and Bears in
solemn conclaye met. should decide upon.
By very simple figuring it will be seen that
if this scrip natures, in about the usual time,
seven years, it will amount to S7128 l6-l00,
a nice little profit for the Bulls and Bears on
an investment of $1,000.
fail to see wherein the County has saved
S2l6, for the simple reason thatI cannot un-
derstand, why the Hon. Board were compelled
to accept the Did offered if they thought
$4,000 in warrants, was too high figure, it
was in their power to reject it, and advertise
for new proposals, and at the same time advise
the bidders, that as far IS their authority ex-
tended, Shasta county warrants were the equiv
alent of Gold Coin-that warrants wara tho
currency of the county.
have written more than intended, and
did not anticipate when sending you my few
remarks of the 2lst ult to be obliged to saw
anything further in the matter.
Yours Respectfully
TAX PAYER.