Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1873-05-09
ALABAHIA'S SUBSIDY ExPERI-
ENCE---1 WARNING.

4 nS AAuHtdud is HOW l1tSsiHS luFOuSu Iii
throes Of a great railroad excitement, tile ex
perieice Of old States III the matter Of sub
sidizing railroads may be studied with adj
vantage by the people OF this Territory, who
will probably be called upon in the near fu
tnre to exercise their franchise on this sub
ject. We therefore consider it oIr duty, a.
Journalist, having the common veal 81 oul
people at heart, to give them all the infornaa
ton at our command ina matter of such Vita
Importance. We publish below the expert.
ence of Alabama, which affords d striking
parallel to what tie Ring in this Territory
would saddle upon our people. The names
OF Stanton. Pennington, CleWs and Soutter
have their counterpart in this Territory, and
although not literally the same, they are
readily supplied BY every intelligent person
who las examined list OF the officers $50
called) Of the North and South Railroad Com
pany, a corporation existing only Ia the im-
| agination of the schemers themselves, who
lad pictured in their covetOus visions rich
pickings from the hard earnings OF the Ia.
boijilg masses. Having met with we'll
deserved rebuke from the Governor lin his
late message little expected we imagine, and
strong opposition from majority of MEM
bers Of the Legislature, the Ringists have
modified their wants, and have had intro
duced billless exceptional in its character
which purpose they used the most foul means
in having an extra session called. ilsssas a
Let tax payers ieal what the Southern
Al gus, published at .Selma,t Alabama, says
OF the severe ordeal through which that State
is now, passing. in consequence of giving aid
to bogus raiircad companies. 1t is not by
any means a pleasant picture: 4 assa 45
HI With fair devices and glowing promises
Alabama was aeluded INTO rllinOlls railroad
aid policy, +. .,..s ..,4.-- 8s.s .,s,.f...ese 81
Under, this, wildcat companies, without a
q llar of capital or a sembIancei of credit,
sprung into existence, to checker the face ot
the commons ealth with great thorough
fares. and to develop the exhaustIess re-
sources and bring To light the hidden wealth
OF this fairest and most favored OF lands
Adventurers, bankrupt II purse and char
acter, like Stanton and Penning on backed
BY such jobbeIs and gamblers as Clews aid
Soutter, appeared among us as the ii:rbiil-
gers OF new era eEst@tEtt3tE9sz5 1fis se#tG
" q al AHOW iiOW NIilt. Ii lC.ts Nus
by the million were illegally ,anu traldi,leIl,-
ly Issued by corrupt officials and received by
parties ignorant uf none of the circumsi aIces
making them iilegctimacy; and upon the
capital thus fur lished in the name of The
state, these adventures proceeded to swintlle |
plunder the people generally. |
and defraud whoever was tempted by their |
apparent connection with the state to credit |
them.
ty,ne e&c ~ Il
com Panivs oe-o.lled got ale..ts e-~i...r,iuaiJ,
and the interest on their endorsed bonds was /
paid-our OF the proceeds OF other |
bonds. e4#i itJ f 3r.
The moment they were thrown on their
own resources, their paper went to protest.
;laims which they had undertaken to pay
we're unpaid, and the state unprepared was
embarrassed by t. e liabilities OF roads upon
which she had depended to make her rich,
and powerful. i
9Ihe bankruptcy of roads Whose bonds |.
nave been endorsed in the name of the state,
las DESTROYED the credit Of the state; and the
'ta.e's endorsement is worthless to them
through their own default alone. 2Hf 32 hlIf
Now they. come before the legislature, and,
With ne;y promises ON their lips, ask the state
20 enact new law to repair the effects OF
heir own bad faith and shortcomings at her
They say, in substance, that they, have
raped the state into endorsements which
hem pay atonce or trust them furtheI
md help them more,--that they have made
promises and broken thenl and the, state
must now pay The penalty in tainted name
nd heavier taxation unless she will cdnfide 7
n their promises again and inFoNe herseh
lore IN their behalf h,
The four thousand ollar-a-mfle bill is
ased uron the idea that the state owes it 1
Q those who have, deceived her once and T,
1liose bankruptey has destroyed her credit,ll
D help them further by entering into newJ
Dligations in their Interests and for their
enetit taking Is additional security promises
Ihich. they have proved themselves incapable +
well-considsring Or sacredly respecting. iii