Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1874-01-22
Third. Whether il was because these

Third, Whether it was because these
wiseacres thought you had not made
, favorable settlement as to amount.
cant think that they seriously
| thought the terms unreas enable.
Fourth, Is the levy of $3.50, 900 tax
which | see from the papers has been
levied, for the purpose of making new
settlement or merely for buncumbe 7
Will it, in other words, be paid, in your
opinion, or is it a put off?
Yours Truly,
Z. MARINER
And Sidney ID. Miller, Esq, Mr..
Beechers district attorney, writes:
"Mr. Beecher says, that considering
that he has had all the cursines, dam
ages, loss of sales Of property, legal ex>
penses, loss of time and personal labor
during the past fifteen years, he deems
himself the poorest paid of the creditors,
and that after careful computation he is
satisfied he will not realize, when the
bonds are paid, over fifty cents on the
dollar, the other creditors getting the
fruits of his time, labor and money; and
he said at the time of the negotiation
that as he had given six years time when
you most need money to settle with
others, be thought it better to you than
.tfty cents on the do1lay"
After the injunction was granted
by Judge Mills, earnest application
was made to Mr.. Beecher for such
notifications of the compromise as
was rendered necessary thereby,
and Mr.. Miller wrote for Mr.. Bee
| cher:
eve both feel quite assured that you
labored in good faith and zealously to
consumate the compromise, and we re-
gret the failure.
Mr. Beecher, however, directs me to
| say, that any departure from the terms
already agreed upon would so compl-
cate matters that he cannot assent to
| any change; but he SAYS that if propo-
sition is made to pay siXty-fve per cent
next spring, instead of issuing new
bonds, he will give you an early answer.
Very Truly Yours, &c,
SIDNEY b. MILLER.
! At the October term, 1913, the
Supreme Court of the State of Mis-
| souri,, in the case of Smith IL Hall
rs. Clark County, wherein Il much
more equitable and stronger defense
was interposed than ever was III our
cases, said:
"If the debtors of our counties choose
to hand over the great concerns OF our
| public Offices TO ignorant and unprinci
| pie administrators they must suffer by it.
They must, themselves, bear the burdens
which they put in the power of knaves
to pile upon them Whatsoever II man
soweth, that shall he reap, and when he
sows the wind, he is apt to reap the
whirl-wind."
"The objections urged against the
plaintiff 5 claim would have force, if the
question were between the county and
the railway companies. But it is not.
1t is between an innocent holder for value
of bond payable to bearer, and the
party who sent it out into the market
or handed it over to others to do SO,
where it has been sold in the course OF
trade. 1t is useless to bring forward
! here, as against the business operations
of this day, abstract dogmas out OF
! Blackstone or the Institutes of Coke
Such instruments as these were never
dreamed of in their days. The laws Of
trade suggest and govern these matters
As | said in the beginning, there is the
bond here is the fact Your promise
to pay is put upon the market You
gave it this negotiable and coupon form,
tor the purpose of facilitating sale and
preventing all questions of equity about
1t, and now, when the promise has been
put upon the market and sold to an in
uoccnt holder, you set up these equities.
That won't do Why did you issue
your bonds if you meant that the holder
should look to the railways 2 Why did
you not leave the railways to issue their
own? For this reason only, that you
knew that capitalists would trust yUu
and would not trust them. esteem the
bold, hardy and industrious people of
the country | feel for them, with this
load of debt put upon them hy the care
less and unworthy persons whom they
have elected to Office, But they have
allowed the bonds to be issued and sold,
and they must pay for them
"
THERE is considerable profanity
among Liberals over the manner in
which the Democrats of the Bour-
hon St,ipp have taken INTO them