Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1874-04-02

- 4. Va ''-N I's'' VIZ eS'e ''i'N -e'->
payers" we regard the only real,
important issue before the people
at the approaching election III this
county to be: "Ale we in honor,
or otherwise, bound to so on and
settle with bondholdols at 90 cents
on the dollar, in accordance with
the Beecher-IIenry agreement; or
aae we at liberty to settle with any
and all creditors on tue best terms
obtainable p
One class Of citizens, who are rep
resented by the Monday night tick
ct, we will suppose, argue thus :
"The County Board having by res
olution ratified the Beecher-Henry
agreement, and Mr.. Beecher, ON the
strength OF that action, having been
induced to withhold a maudamus
and allow the collection Of taxes,
believing that the agreement would
be substantially cdT1ied out, it
would be q breach of faith with
him, at least, to do other than pay
him in cash the same as was agreed
TO be paid in new bonds. Had Mr..
Beecher seen fit, he could have pre-
vented the collection of the tax ::
but he did not do so, and for that
reason the Fund Commissioners
should pay him the amount he ex-
pected to receive"
The other class of citizens, who
we will suppose to be represented
by the Saturday night ticket, rea-
son adversely, thus: What ground
had MIR. Beecher for supposing that
the people would oonsummate an
agreement which the court declared
void, and the law ON which it was
pTedicated UNCONSTITUTIONAL! True.
hey say, our attorney entered into
an agreement to do certain things,
and the County Board endorsed it !;
but the people repudiated it, and iA
a lawful way prevented its consun-
nation all of which Mr.. Beecher
knew as well as anybody, aud it
seems more natural that he should
deem the settlement positively de-
feated than about to be practically
carried out. With the evidence be-
fore him that the settlement. could
not be consumJnased, whereon could
Mr.. Bcecher rest a hope or expect
alton that it would be! When the
S150,OO0 bond tax was levied by the
I Board, and the Fund Commissioners
appointed, they We're by resolution
authorized to faithfully use the
funds placed in their hands sin con-
''summating such compromise or set
'HieDse,@ rs a40y be ugreed upon By
"Mem and said creditors" Under
this authority, as we understand it,
the Fund Commissioners, aud thru
only, could propose or consulnmate
settlements with creditors and
hence, unless these officers intimated
to Beecher that they would settle in
accordance with the Henry agree
ment, he had no right to believe that
it would be done. IF the C0mH,iS.
sio,aers held out such hope to hIm,
they are in honor bound to pay him
accordingly, but not otherwise, as
no other party had authority to ne
goliAte with him, which he must
have known, having read the reso-
lutions creating the Fund Commis-
sionera. and defining their duties
Further: admitting that the action
Of some Of our officers had given
Mr.. Beecher to understand that the
agreement would be carried out by
payment os cash instead Of issuing
to him new bonds; and that the
people are III honor bound by the
action Of said officials, is it unrea-
sonable to ask that Mr.. Beecher or
any other creditor make discount