, 1873-08-26
that land WORTH cgory nero Of IT, 80 in agricultural
Of prop an viii Fol for moro tllnn tho intercat $50

Of crop will Re for moro than thpintereat on $50
rEnttAvs ONE OF THE onEArEsT DANGERS
| that throaton our now 6tnteH ig tho inclination
to r,ln In tlobt. Wo hnvo bonds iasucd for oyory
| conceivable purpose: Court-IlouBo8, schooi-
housos bridgoH. railroads, Erias-nlila, ,manufao.
torioB mil oyon, III como siRtanoes, BtoreH md
anw-1nlllH nro built with bonilB, II a company
Incl, capital to carry on their enterprises tlloy
| appon1 to tho County commissioners, and got
bonds voted to aid tllonl. 10 common has this
bocome9,, tat nearly oil tho public improyomonts
nlizod from tho Halo Of bonds md consequent
! county indebtedness. Thoro arc not WANTING OK
amples whore private bsainoHs laa boon anlug
glcd in mud oarr'o1 on at tho public oxponso by
new co'tntioa atil exists, arl It is high limo al
onl wap mado Of II. do not dony that many bonds
aro votod By cittoat conntioB md townB, for good
md neceseary pnrnoaos but do say thoro
aro alroady entirely too many Western bonds On
especially in Nebraska, about increasing tho
amount and number Of thoir public securities.
But, IL countioo, cities, and towns will isauo
bonds,
LET THEM At LEAsT ne LEGAL,
and nut tho,n OH tho market In proper and
public maunor. For this purpose there should
Firat--An aet Of tho Legislature enabling tho
corporations, .citios, towns, countios, aud dis
tho municipalities or counties as security.
Hccona--lf bonds aro fBHrlod by county or
municipality in hid Ut rnilzoada cann1s, or
bitches, tho roatlH, canala or ditclleB should bo
ma'o through thu county or corporation voting
tho honda.
Third--Whon bonda nro iaaucd, thoy should
DO presented viii satisfactory proofs Of their
caacs, Registered"
lFourM-Yt should bo mudo thu duty Of tho
stato Auditor to 500 TINT sufficient taxes aro
lowed each year to pay tho intoroHt, mud provide
. sinking fund to moot tho principal, OF all
bo1!dH.
EyJh-Tho stato Treasurer should bo made to
500 thut all tnxeB for bonds aro faithfully col
loctod oach yoar, mt, TINT nl interest is prompt-
~ paid and tho principal whom ino.
Hi1th-Tllo law phonld bo 80 drawn aa to allow
oil bonds to bo "rogiBtered," aud nlado to boar
tor.
seuen0-Tt should be tho duty Of tho Treas-
nror OF tho Stato to keep tho sinkn6-fund In
vested, first, iu tho bondB Of tho Municipality,
in United s!ntcu bonds; third, in stato bonds.
II thcHe rulcs wero always followed, Western
bonds, bearing tho largo rnto Of interest TINT
they do l0 por cent) would bo much sought
after by Eastorn capitalists as profitable and
safo Investment, and they would no iongcr lic
uudor my suspicion Of distraat aB to their iegaI
~ Which 10 now too often the cnse.
MINNESOTA AND NEDnAsKA.
There has boon much talk in your paper about
tho agricultural growth Of Minnesota. It mny
by about l,000,010 mercy.
Tho following oxtract from tho United States
Lantt-O -Oflico Report sllows TINT the comparative
progreBs Of tho two States from tho year No
braska was admitted into tho Union down to tho
latest otlicial tlatoa:
TIE AcEEs ENTERED As roMEsrEAps
In MiHHcsotI. In Nebraska,
Yeur ending Juno 90. 1ef8.... aJa5e8 32iG2G
year entltug june, 1ss9...... SA33lt 3S0UB9
acar el!t.t1l8 aune, 1a70...... $50, ,4G5 45G&30
Year Guiding June, 1S7t..... 46l,IB3 III, ,504
l,53l,607 1870, ,g5a
-.-. MtnHta0ta. Nebraska.
Public landa, ncrcs of, sold in
salno yealn for ca4h. .......... 487,1G3 1.O37Qc2
6ano years, aold for cash, Hcrip,
aud holneAtcAds, ,,..,,,..,,,. 2,323.3l0 344H97g
IOWA AND NEDnABKA,
So, too, your writer's have boastod great donl