Rock Island Argus. (Rock Island, Ill.) 1871-1872, 1872-03-13
SEVENTEEN THOUSAND DOL.
LARS!
what are the Court House Rats
noing with our EGonev?
THE COUNTY TREASURER EXPECTED To
RISE AND EXPLAIN!

the very ominous fact that ID. o.
Risd, our couaiy treasurer, is in the habit
Of doc,oriog bis books To s1it the occasion.
During the campaign be was appropriate
termed "Ried the eraser" aud while NE
people laughed at the souJ1iquei, Others
were inclined to view our discovery with
grave appreLensions. Nowadays, II is q ate
necessary for taxpayers to be CONSTANTLY 90
the alert. With all their vigilance, they 70
aseced frequently enough, But here 10
smother little matter We desire to ventlls ..
Ga the Sab OF July, 1870. the county b r.
rowed Of Mnehsll 4 l., nde the sUp Of II T.
teen thousand dollars, 1T the iuserest rate
Of ten per cent. far which a note sas gwen
payable on on Jef',re The frat day Of June,
1871
Somewhere about the tenth OF Sep'em
Der, 1870. the sun of one thousand dollars
more was borrowsd BY the county Of the
same bankers. ~ ten per cent, for which .
note was givsu PAYABLE on or before the
6rs, day of June, 1871.
Add ia October, 1870. three Thousand
dollars more we're borrowed of the same
6rm, on the sima terms, aud payable on a.
before the same date.
The total amount OF these loans payable
oa o. before the frat Gay Of June, 1871.
was Seventeen THOUSAND Dollars, all at the
ia,erest rate Of ten per cent.
Ga Friday, Dee. l5sh, 1870, the Board
of Supervisors passed q resolution instruct
iDg the towa collectors TO pay over their
collections to the County Treasurer at the
earliest po sible date, in order that the
heavy interest on this large sum might be
stopped, aBd saved TO tax payers. Here i,
the official record Of the action Of the
Board:
The committee on finance n axe the
/ allowing rpJr. which, on uOtiJD OF Super
visor Wainwright, is received aud sdJ pied
to wit:
! The finance committee respeetful!y report
| that they have borrowed large sums of mon.
ey tor tie use OF the county aud have given
notes bearing ten per cent interest payable
IN or before the first day OF J ane mex. We
have the privilege Of paying at any time
knd step interest,", aud have instructed the
,oluty treasurer to spply money from his
collections ms fast as he cen ia payment Of
these notes:
We ask the board OF Super .isor4 To pass
the following resolo,i,Ds:
ReSOlCed That The several township col
lectors are earnestly requested to pay over
the money TO the county treasurer As fast ne
they make collections Of taxes so that he
may apply the same 10 payment OF the debts
Of the county which sre now bearing inter-
est Dec. l5,n 1870
Respectfully submitted
X. NJ. GSEYELL. I'm e.
LOUIS WILSON. 0'''' y"
It's very dith ,ult matter to Investigate
any doubtful and intricate proceeding Al the
Court House, for obvious reasons. This
vas sufficiently illustrated when We made
the attempt to ascertain WieR Beardsley
paid bis Eleven Hundred Dollars over to
Riel. Bat We have ample groutds for as
sorting that. sltboulh Ihe town collectors
made their payments over to Ried ia the
prompt msuu-r in which they were directed
TO do by tha Board, Red did not STOP the
interest on the tes As he vss ordered TO
do. He did not pay them of uut,l their
expiration, AND 1T /, EVEN EXCEEDIyGLY
noUBrFuL II his mas EvtE PAID THAN OF
AT ALL. We would De ~ lug TO baz .rt D..
assertion that Mitchell Il L,ude still ho d
q ties against Ih- county 10 the RuouLt u
seventeen Thousand DJilsrs or t1rreAbDuis.
indeed. ~e publicly eLaieI ge Red or tue
R-publicAG organ 10 deny abe Tact We
farther elaiu, that Red should b. held in.
i.viius!ly responslb!e for tie interest On
b Ise notes from the frat Of January, ISL
10 the 6rst Of June. ISL, AUD If the not, $
We're not paid of at the latter date, that he
sboIid De held responsible for the Interest
on the notes from the 6rst u January,
1871. 10 the present time. which would make
lutte item TO Taxpayers Of ueary trC
thousand dollars
a NattHAJ W u iostious suggest toebsei'e,
in considering this subject and every tax.
payer il iuterersd in sri'ing a, the isutb
The main question is. - WHAT is Ried doing
With oil our mouey? Our taxes duriag the
past year have amounted to a quarter Of q
million dollars. II be has not paid OF
those notes, what has be ben doing with
ell this money? Where is ali this money
II it is No longer 10 his hands shat has be
done With III We invite him to silent,
plead guilty. to irregularities, or to defend
himself through the organ of his party
Nos and then CLEAN of light manages iC
sorry through the gloomy rscessss of tina
old crib in the Court House Square.
STAMPING COUNTERPART NorEs.--A hill il
pending 10 congress to compel the oficeIi
Of national banks to stamp counterfeit Eo,tt
whenever such are presented We thitl
/ this course will do mu. n In cheek tho hDs,