The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1872-12-06
THE OTHER SIDE.

ENPoRIA NEWS: i notice. IN the
last issue of your valuable paper, o
proposition for an election to au-
thorize our county commissioners
to issue 100000 of county bonds,
and the transfer of railroad stock
now in possession of the county,
and for which we arc indebted, a
sum not exceeding $500, 600, for the
construction or the Kan sas City,
Emporia and Walnut Valley rail-
road through the county. / am,
and have always beep, friendly to
the introduction, of, railroads, and
voted for the last bonds issued, az
an Ultimatlsm; believing that, as we
then had no direct competition east,
though at great cost, it would be a
benefit to the people, We have
now two direct lines of communf-
cation with the east. What need
we more? 1t is claimed that in
creased competition will secure re-
duced freights, ETC.. This theory is
correct, yet the reduction of freight
age, and fare that will be consequent
upon the construction Of third
road Will, in my humble opinion,
be so slight as. scarcely to be felt by
9 great majority of those who pay
the bulk of the taxes; besides, il
Emporia be an eligible peint, the
road will as surely pass by that
route without the bonds as with
them. II we were ont of deb. the
proposition might be seriously con-
sidered. Let US glance ct a part of
our Indebtedness; aud that portion
only which results from -0ur rail-
road operations. .. ...---
The sturdy Taxpayers of Lyon county, DIR.
To bonds issued to NJ. n. & T. and A. e
7 II. 4 s. i. roads .- -, 5 400 900
To Interest on same at per cent for
- years (the rate and time speciied) $4,000
Making for principal and int SI,islOOO
Add for the new bonds proposed to be
issued IS 10000
cent i11'H'5 " 10000
Total amount. .- -.s. FL. 81, 4O4 900
Quite snug little sum to be cam
celled by the Taxpayers, and their
heirs, OF the already tax-ridden
county of Lyon. L understand
there is a written proposition in the
banda of our commissioners, where
in certain parties give assurance
that, for one third interest in the
stock of the II, h. & T. road, they
can render said stock worth its par
leaving TO the county $I33,-
S33, thus enabling Us to cancel
bonds to that amount; whereas, if
we transfer them to the new COM
panywe will receive not less than
33h per cent. of their par value,
and that only in stock Of said new
Surprising its stock to
be worth, at some time in the far
distant future, 20 per cent. our
stock, for which we, aud our chill
dren must pay Far value, will be
worth just S1s per cent.-quite a
operstion!' In this show
ing 1 have said nothing of our
high State, county, road bridge and
school taxes. In the older States:.a
Iax of one per cent is. considered
ruinoRs, while we are paying from
three to fire. To see the trne state
Of the case we have only to glance
1t our enormous delinquent tax-list
from year TO year, as set forth in
the columns OF your paper. and no.
tiee the great number of Sherif1-s
sales I'M the same. Remember, also,
the volumino1s petitions sent Up to
the last legislature praying for a
respite from tax.paying, that the
people might be enabled 10 meet
their enormous tax-bills.v e,i. !
d Why, We seem to be on the very
verge of bankruptcy, and for all 4
know, what is Worse-repadiotioR!
Il we indulge in any more bonds.
Friends and neighbors, farmers,
and merchants, all but
ipsculAtors and adventnrers, come
put on next Tuesday, December
10th, and vote G9aSnss the bonds.
Let there be pnblic meetings called
D Ievery school diatrictS and let the
/. $ssss be posted before it be Eor-
YER zoe late Let every, voter be
I the no. &c and be there early. 4
= ALLES CREEK,