The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1873-11-04

they have not failed, but are estimated to
be worth o75O, 900 that Mr.. Canda, one Of
the 6rm, 10 worth o3OO, 900, and Mr.. Pay son,
preaident of the Fourth National Bank Of
Chicago, has real estate to the value Of
800, 900 or 4lOO,0OO SO that see noreason
for releasing them from their obligation
to build the road.
REMARxs.--Psyson s. 20. have be.
come insolvent. They have not yet been
forced into bankruptcy, but their liabili-
ties amount to one million, Ave hundred
thousand dollars. They can borrow no
more money. This we know, but there is
no intention TO release them from any
obligation to build the rosd--none what
eve, and Mr.. Wilson knows there is none.
They will be held to the letter and the
spirit of the cobtract.l
II 1t will satisfy Mr.. OberIy, or Rowland
and associates, to know my position, will
say that am opposed to issuing any more
bonds Until they comply with their obligH
tions and build the road and am further
opposed to depressing the people by levying
any more taxes to pay interest on bonds
that are not issued, but yet 10 the hands OF
trustee. The maxim 10 as good with cor.
poratfons Is with individuals, that the worst
paymasters are those that pay in advance
and those that don't pay at oil. As Mr..
Oberlys admits that have always been a
warm advocate Of that road, will say that
my feelings in regard to its necessity have
undergone no change; but, believing that a
future issue OF bonds previous to compile
ton would injure its prospects, would be
opposed 70 its issue.
REMARKs-The people are no. OPP
pressed by the payment Of interest on
the bonds. To conduct tho business OF
this county last year $4,000 were re.
quired. The taxes levied wcrc $4,000
less commissions ard Attachments, leaving
q balance, to be applied to the payment OF
tho expenses Of the county, of loss than
$4,000. All the expenses wer, paid.
The county does not owe
one cent Of current debt. How
were $!2, 600 paid with an income of So.
oo0' Inihis way: Inieres, was collected
on the railroad bonds, but Was no, paid to
the company. II was paid into the county
treasury, sad made part Of the S2a 600
paid Tor expenses. If,his in,ere., had
not been collected and thus applied, in
stead Of isvying $iG coo the clerk would
have bssn compelled 20 levy 81, 1000 or
elss have hsi coaa:y orders =. = diseoun.
q =, leAss - PER esa, New where is the
epp-s'siont Ne. cen, Of ia.sras. get.
eGs 81 The csGH,y treasury ana II NJ
Wi,scr <rccks CO tie il ssrsss !. mas, adj
che .uculs krscksi CT 20 ,hs "a, levy i,
,rssa;r way. rus r,a.ssr i, Q, Ssc,i q,
Z Is b;n1
M ~lsaG, n .!,s rarsr-syh .Scrs, :.
isrYf'ii o1 wv siss 4, vggE rcs lss-s. a. '
mrs lun,is prgsGIs az ee1i Pt.sE,c, -,
III t'Ias s1s say ny visrs n rs cs-. Ia:
~ vmtlit $500 .is sqa,is Z the -vat shozli
N iamRisEs.. "a % pliyi,s hi1a-.r4-
sq-sea,i VIII vests.
u. IL M. uoerit says, lu,c1 & 90. Arr
isiifsd1. bcv ~ Il u regard 20 Howard
IIc IssGci;isss' AfRc ti1gsc. izGuirv,
have sils.. % sarc thai NJ. howAci Is re-
.grlasi.s.- e-I.ciA o. csherrtse for auy-
1iE-ir r3r :ic ] lsi-r who the associates
are. E-ltss NJ. Ob<riy himself 10 one. A.
N.ct P:t.Sttr.- Re .ho1ld be able 20 give
.-cA- -A----- --~tAr E4lCl
.sLsEc; The ocly responsible party con.
eecrtt. 80: the purpose OF absiraeiing the
e's-1s frerz the hs1ds Of the custodian. and
EIy.1g them 20 an irresponsible association.
RRMAEKa-Tae ''Assoeia.ssr of How.
lead are q 2 Psysoa And T. Z CAnda,
A.. .hsa@ gs-Ns-.a, M WILSON tsyi
t,a'r.- t't .ezs.-.. vg.:. .s,,ly IaIllioI
y ..:l-s,t W.ts ss.k, Ike s.sA,. rg .hs
8. 7 ,air@.ssoSs patty eoaessas6 WIS
..s isSs ssy;tiax .nyvhsrs or q: any
;las. lAss. 'slssfirg anybody Ard
ags csS.l4 .Es bonis he sta.rsc,ed Nj
SaS0'e, TIE city irEltse, and Judge BroG.
The cogn.y rgs.ss, canno. deliver the
bsns. Eos Ia their posssssion until the
road ia com pls.ed. Doe. Mr.. Wil.on mean
70 Intimate .ha. Col. Taylor, the president
Of the road, will resolve himself into q
tGrglsr and break open the ssfss Of the
two trustess7 II Wilson does, be 10 an ass. Il
he in'ends ~ insinuats tina. Messrs. SAT-.
ford and Bros will become rascals and
surrender ths bonds before they are
earned, he is a liar, By Implication. HI
! don'tknow what he intended to insinuat,
himself, or we are mistaken in believing
him, or this question, prejudiced dolt
Mr.. Oberly, in HIS plea for Payson & Co.
\ gives u some d cures To prove the cost Of I'll,
road, which, by singular coincidence, ar,
are altogether In round numbers, and hay,
the ear-marks Of being fixed up TOR the DC
casion, especially as they are accompanied
| by the affidavit Of Mr.. Canda, who sirnpl,
declines to swear to the cost at all and
the figures were only intended to cover thi
| case, they would have looked about as wei
| In print II they had been made little larger
or, perhaps. there was tear OF oyerdoiD
the thing, you know.
TREMARKs.-We don't know whethe
CandA's figures are correct or incorrec,
He swore they were, and no has neve
been suspected Of any dishonorable ac'
The statement OF cost was made by Can
da without any intention Of being mad,
public-before no or anybody knew Their
would be any railroad issue at this cleo
lion In this county. II the company ha
been overcharged, an investigation
which will of course be made, will sho,
the fact, and as consequence Mr.. Cand
will suffer the pains and penalties Of per
jury. That 10 all.
Let us look for one moment, and see hoy
the account stands: According TO MI
| Oberly's figures, the cost OF the road Ia
been ~, 3g7,h3s, and that $500, 600 more Wi
abuBdsntIy complete II; In all, say S2,G07
5ts, for which there has been issued q 900