Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1872-03-15

OF the Legislature, nave aooPteo VIC io'io
ing resolution by majority OF all tue
members elect
p.o,r>i b., dfs Assembly, the Senate concurrtng,
~. Lotion three of article eleven of this constitu-
,on of this state be amen ded by adding at the END OF
lid section the following words:
.'Ncp county. city, town. village schooi dlsrict Ut
otber municipal corporation shall lie allowed to be
come indebted in any manner or for any purpose 10
rnv amount including existing Indebtedness, IN the
,ssreruts exceeding i've per cehtum on the value OF
Ale txxs BILE property therein TO be asceitahed ny
me last assessment for state anc county taxes prFl
ous to the incurrihg of such Indebtedness
Any county city, town, village, school dlstrTt %
other municipal corporation mourning any lndeD'ea
ness ~ aforesaid shall before or at the time OF 40
ing so provide for the collection of direct anh'.
80 .uRciant to nav the interest such debt as II
falls DUE and also to pay and discharge the primer
nal thereof within twenty years from the time Oh
contr acting the same.
The following are the ayes and noes
upon the the question of the adoption OF
the above resolution:
AYEs-Messrs. Albert B. F Adams John Adams,
N. Adams, Atwater Bailey, Baldwin, Black, Bonan'
Brace Brown, Burdick, Cabanis, o. A Casweii, a. d
Caswell, Cheeyer, Comstock. Dimond, Dixon, fel'
Fowler, Hixon, Horn, Hubbel, Larkin, Lee, Low
Maxon, May, Moore, IL f. G. Nichols, Rourk, rem
gra Peterson, Phillips. Putnam Richards, robinson
Rowe Rudd Scbott, Sharp, Shaw. Winfield Smlth,
stafford. Stone, Walihan, White, W@lz, wood ana
Mr.. Speaker Hall-52.
EOEs-meSsrR, Allen,
BscKwith, Brockway, Bushnell, Chase, Coman, Eel
Ienz Ferrin, German, Gri INNER. lIosklns, JENKINS
o. III. Lamoreux, S. W. Lamoreux, Lewis. Neeves'
Patten, Perry, Powell, Ringle Sackett, a d. smith,
spooner, Swain. Walber Walters, " eeGeh ana " inN
lor-2l.
Absent or not voting-Messrs Bates Becker, Car"
Corning Cory, Gown, Graham, Gurnee, Hobart
McNamara A. Nichols, Rankin Reuthtr, solon'
Etraehan, We'll, Wroe and Yorty-lS
The above amendment is one of TIE best
t:I.oa Lo,-o orar attarnfed to en-.
act for u.s. It has long seemed import
ant, nay, absolutely necessary that some
measure be taken, whereby the people
could be defended from the rapacious nav
of the railroad kings and unprincipled
bond holders. tits we'll known that the
railroad system of the States has become
frightful monopoly, in some sections gov
erning both the money market. religion,
and politics. This state of things has
gone SO far that our legislators see that it
has become necessary to put some resting
ton both upon the people and the rail-
road men; and wher this amendment
comes before the people, we have no doubt
there will be unanimous vote in its favor
Communities, like individuals, are prone
to rush into debt, without any possible
show of ever paying, provided they are
offered term of years in which to make
their payments.
Iowa county has had sufficient expert
ence in this matter to know that VIXEN a
plausible story is trumped up by fluent,
interested man or men, that the people be-
come excited, losing control of themselves
altogether so enthusiastic that, whatever
the demands of the railroad men may be,
they aresready to meet them, thereby IN
curing trouble and pefplexity for many
years.
Such has been the experience Of our
county for m&ny2years past, and not only
our county, but Watertown, Racine, Ken
, osha, Beloit, and many others are in the
same boat.
But the adoption Of the above amend
ment DOCS away with all this kind Of
trouble and humbug, inasmuch as it disal-
lows any city, county or town, becoming
indebted beyond its means to pay its in
debtedness with ease, viz: five per cent.
Of the valuation Of the property contained
in said city, county or town, and no more.
This we think is wise law, for there is
no county or community, but what are
abundantly able to pay five per cent of an
assessment, if by so doing they can secure
a railroad. 1t will form basis from which
to make eur calculations. Both parties
will know how far they can go and when
to stop. 1t will act as a sort Of safety
valve, for no matter how disorganzed and
excited the people become, they cannot go
beyond the five per cent. taxation, and
every county in the state will be able to
meet all their obligations promptly and
satisfactorily.