Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1873-08-21

verbally, at your last meeting, placed this
matter in your hands to be delt with as you
will, stating that considered the judgments
uncollectable, but they were just and right,
and do not deny but that | believed the
Board would pay for them, as they might for
any other of the debt.
l make this statement without intent or
wish to eyade it, or To construe it to mean
anything but what il plainly SAYS and pledge
myself legally and morally, and every way to
be entirely satisfied with whatever your Board
may do in regard to il, and that if this paper
Is not sufficient and satisfactory, | will sign
any other you may wish.
In regard the objection to about issuing
new bonds, | wish 10 say TO the Board that
only one of the bondholders, to-wit: Luther
Bcechcr, has asked for new bonds The
amount of Mr. Bcechcr's debt has not yet
been definitely ascertaincd, consequently we
do not know the exact amount of bonds we
may have TO issue to him.
Edward Dodge, who is the next heaviest
bondholder, through his attorneys, Messrs.
Sleeper " Wilton, object To taking new bonds
or prefer to fix it in some other way. The
other bondholdels who have agreed to settle
have not as yet notified me of the manner in
which they wish 10 arrange it, and think the
tears entertained about Issuing new bonds are
entirely eroundless, because the manner Of
consunMatiug the compromise is still an
after, by signing the necessary stipulations
and agreements, to carry the compromise
into effect and l have no doubt but that Mr.
Bcccher Gas 1t was distinctly understood be-
tween u.s. as well all other bondholdcrs,
will consent to have any fair and reasona bic
condition inserted in the new bonds, or in
some other way SO arrange it, to save our
rights, and guard absolutely without cayil OF
doubt, and protect us from any possible LA
bIlity to pay the new obligations in the hands
of Innocent holders, or the judgments over
again. In this connection another great ca
lamlty Is unprecedented from Mr.. Mariner, who
refuses to compromise, tying us up with a
Inandamus, 50 that We cannot collect taxes
and meet the compromise payments, and that
then being in default, we will lose the benefit
Of the 30 per cent. discount on the whole
debt Now the worst that could bctall us in
this respect Is that we might be Obliged to
pay Mr.. Mariner his debt, which is only about
Sol 900 in iull thus we only risk 50 per cent
on his debt OF SOL 600 and not, as they try to
make you believe, lose the whole compromise
L deem the chance or possibility, or even re-
mote probability of this settlement or com
promise being consummated so as to in any
way make the county liable to pay twice, SO
improbable, as scarcely to be worthy of con
slderation. AT this time | have the consent
OF threc-iourths OF the county creditors Cess
about S11,O 900 to the compromise, am in ne
gotiaton, and do believe that it will be sue
will make up scven-cights of the whole debt.
and with thrilling exception, all of it EXCEPT
Mr.. Mariners.
Respectfully submitted,
w. T. HENRY.
Mr.. Henry was followed by Mr.. Smith,
in defense OF said compromise.
At ~ clock p. NJ, on motion of DR.
Van Dusen the Board adjourned until 9
CLOCK, NJ, Tomorrow
SECOND DAY s SESSION
Wednesday, August 18th, 1873.
Board met pursuant to adjournment.
Roll caIled-all the Supervisors pres.
ent. Reading Journal dispensed with.
Mr.. Barnard introduced and moved the
adoption Of the following resolution
which prevailed:
Res0Ired That in order to earry out the true IN
tention Of the Board at its last session the record Of
its proceedings be amended by adding the name of
Mr.. Henry after NJ Megs, in the second line from
the bottom Of the 18th page, and by striking the
following words: ION hIotion Of Nr. Barnard, Mr.
Henry directed to assist Mr.. Meigs in Carrying
out the provisions Of said resolution "
Mr.. Strong Mr. Henry and Mr.. Smith
again submitted further arguments for
and against the compromise
MI NOdteS moved lllaG Wnen tile Board
adjourns it adjourn to meet on the 9th
day of September, 1873, at o clock P.
NJ, which prevailed.
On motion of Mr. Coates, Board took
recess until | clock D. H.
AT o'clock p m, Board reassemblod,
and a quorum present.
The Clerk had statement showing
the settlement of the Charles Frost bond
by the Oh IN. and Mr.. Henry, according
to the resolution of the Board, by the
payment of $l5O3 20 cash, for which
County Note No. lOI has been issued,
dated Aug Sth, 1913, drawing ten per
cent. interest, due in one year.
On motion of Mr.. Coates, said report
was adopted.
The following resolutions were then
introduced.
BY Mr. Bainbridgc-
Re>oiced, That the attorney of the county, the
chairman and clerk Of the Board be instructed in
preparing and executing the bonds TO be given
IN the Beecher compromise that here be a clause
Inserted preventing the possibility of said bonds
ever becoming d second claim against the county.