Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1872-10-09
WatertOMn Union Leayue.


ed minutes read and approved. The By.
Laws of the League were then read by
Sec Spence, and unanimously adopted
ID. WILDER moved that the BYLAWS be
printed in German. Aiopted
New members were then admitted and
dues collected. The reports of the wards
| were given and all satisfactorily. Members
stated to the meeting that there are several
individuals in Milwaukee and elsewhere
holding bonds who are offering them at less
figures than heretofore. The time has been
when the railroad bonds were sold for S, 8
and 10 cents on the dollar, and the time
Will come when these bonds will be worth.
iess' "hen the people are awake to their
own interest and do not stand a,oof from
joining body whose sole object is to benefit
them Individually, and the city at large
We only ask a thorough and careful investi-
CATION Of this important matter. We have
to grappe with facts that are recorded
against Us, illegally and for dishonest ends
facts that are and have enacted, and, unless
they are met with determined resistance,
they will hatch into evils too many and
strong to be overcome. 1t must not come
to such pass. We must be up and battle
with those who are ready to take advantage
ofthe undue confidence placed in them. All
men must look to their own interest or they
are sure to be cheated. The affairs of a city
are the same as of a state; imposi tions are
sure to creep in where the chance is given.
Now is the time to do our best to arrest the
evil that threatened US. We invite all who
are interested in the welfare of our commu-
| nifty to give serious attention to this matter
and not be content to bear only one side of
the question. Hear both impartially and
judge for yourselves.
Vice Pres't Devy rose and expressed the
satisfaction he felt at finding SO many firm
and determined members in the League.
When he remembered how few good and
true men had for years fought against the
intrigues of those bondholders, and kept
them at bay, how can we for one moment
doubt our success when our strength is so
increased Do we feel less determined than
of old? mol Much applause Are our
chances of success less2 No. Unity of the
people is all that is wanting. We have it
to a large extent and we shall eventually
get it entirely. The world was not made
in day. We have to persevere in the work
we have begun. The circular containing a
full and entire statement of this railroad
bond Indebtedness is progressing, and will
in a short time be broug bit before the pub
| lie.
Mr. Pres't-There are many honest and
well disposed citizens deferred from Joining
the Union League under the impression
| that our city bond Indebtedness can be set
tied for 1920, 900 or about 10 per cent of
our assessed valuation. We challenge any
man that will make any such statement to
produce ibis figures and show to the citizens
how it can be done for the above stated
amount. Our outstanding Indebtedness at
the present time is over $700,0G and any
person that will take the trouble to examine
I for himself, will see ut glance that those
judgments rendered against the city in
Milwaukee aud Madison must be disposed
of before any hope OF a settlement can be o.,
tanned.
1t is no use to talk of the gradual plan of
exchanging and taking up scattering bonds
while those judgments alluded to, stand
out in bold defiance and menace the city
certain ruin. 1t is time the people of Wa
tertown would wake up and see their pres
emit condition; they will find on examination
that there has been no terms offered at any
time by those holding judgments against
the city, that fifty per cent of our assessed
valuation will be sufficient to wipe out the
debt.
There is another rumor current in the city
that detached coupons six years past due,
pertaining 10 bond not ye. du., Is invalid
4 h. 7
ould like to be informed by what court,
when and where the above has been decided
According to thr recent (what is it?)
given in the Sapreme Court held at Madi
son, in The case of James Rogan versus the
City of WATERFOWL, We are at loss to know
how coupons came to be so unfortunate.
1t appears. according to the c. urt above
mentions ed that railroad bonds OF every DIES.
cription are valid. These bonds given with
out an act of the Legislature, the second is
sue) as binding as those given in accordance
with the act of the Legislature. The Union
League would therefore suggest to whoever
is the victim of detached coupons to bring
his case to Madison to have a trial, either
in the Federal Court by jury of prairie
farmers, or in the supreme court of the state
and there is reason to believe his chances are
good for collection.
Mr.. Winkenwerder explained the above
in German
Mr.. Lembkie moved that the. same be
printed in German.
Mr.. H. WILDER seconded the motion.
Adopted.
Mr.. McMillen drew the attention of the
League to the coming election of Senator and
Assemblyman. This gave rise to many
Pres't remarked that the matter should
meet with serious attention at the next
meeting, when he hoped to have a full at
tendance. The Prest then adjourned the
meeting to met Saturday evening, Oct
l2th at Bolts Hall, Main St.
w. SPENCE, Sec'y.
n. B.-The question of who the League
will support at the next election for Senator
and Assemblyman will be discussed. Let
there be full attendance