, 1874-12-12
MUNICIPAL I0NDg,

1 ---"--.--- ...:-------
H.. - ~ moNloitAL HoNDa'
~ona. cs,,.': ~. 1'nu''S u aoproolated cur
s' ..:'!.,.. .."o"'ns '''e "nmmosh and reckless
of ,n,,o;., " ,1,, "'''' III" peeh Inc creation
for,, ~ 49, ' g. u 'SerS 'l'anhor h''f'
cort.;r;rs .1.a... a os"'u' 'o"l's anu counties
on,1 ,a,,,s @a'"s 49, oAo''l'ta OF 1ho popn'atio1s'
nro,,ort,, - 49, 60. topo'1'oi u sno taS"nlo
croat;o,, ~ x7a..s: .'o. "oso es''"coo 'ato 'ho
inn oho,,t nrtsa ,:," :. - 4'u',o1'" "gereg"'-
m n,oroo. .a.a - ' .', =. oo4''"S' ooaf'1't'
cont VIII ,a.sa , u.etea. u o'ef pef
n;c;no,;,;as :. so T., P.epu't'ou ., 'noso mil
futnro bow t,o ;rto.oat Nv la .,.aas 49,, =. 'no ~
cvrr N ,,o ,,n;.,s 10 ~ .,oa' poa's ~
t1nt !. ,,ant,,,, u, u. g.. ~ Wv pflnclla.'
tv. Simon t,,a aa,..t" -. eno'o toa,o'i.
act Of 1sco ,1,;o 80. ss,... 'n. 4.""aaen' :,
stata rovon,o =, .,a.. 49, ~, poi''o" 49, ~ .,ie
rovno,t oe ~ ,a,.,.;,,., ~ .'- " o'D,'' si'o
l,ecn ron;1orca ,,,oro ,,naaut.; oon' n rs'
ncon]e of 1l,;no;c i, t1,o;. ra,a.;..,.:. ~ ~
ism not on1v ,ro1,;h;,oa H.. a'on s1aa.,a' w "
furthor ;1o1,ts ~ thot ana.aata- uN ,s. " n"y
the croalion of munic;uo1 i1ol,ta - n, 1.;s,,a
md for nj, ,,rnoso. ~ :: ,,nn 49, ~ .,.a
gesscf1 va1ua of tho toxo1,o ,,ronor,,. l.; sas,,
/ pu,,;c;,o1;t. =, ocoo,,a;.,a5,,s. ~ en
| naaacsn,o,,t fou rt... .
tunato Tint t1,;, ,ro1,;,>;t;o,, ,,..x, ~. ,~ =,
lavod # IN. ,,nfort",,at, ...>,'o., w - ~
| wns mt ,n,ro .tr;,,<,o,,t =. - ~. ~
branch of bond.scl;o1, INV o~t,,r;,,a,,, 49,
ticcd frlua a c,,,,,t,, y: t.",
onount of + ,,or oo,,t ~ 49, .aa.u, wv ,' ,"4l
of tim taxo,,o ,,rono,t,, J., -, ar 49, 'a1"o
townships. and then oool to,vn.,,:,s ;msaa ~.
bon,1s II, tho omornt ~ : ,,.~ ~ ~ 80 40
tarab1o nronor.u ,y;t1,;,, a, 1;,,.;.n ~
wov tho f]ol,t- -croo,;,r, ,,,,nau - ...., :" .u'e
extent of 10 ner ccnt n +ha rntmo 80 .1's
tnxah,ca rh;. ,,,or !, III, e'...u. S
cieod bv c;t;o, o1;et;,, ;, ,-;.,,;,. 49, ;,
md bv .s school districts -r,,;a,, ~" p, ~,
smol]ar nol;t;col ;,;v;o;o,, o,a H., L.,. "s4.'
issued. or NAV bo jus,,c1 to tha o~tost , a,1e - =
or oven 90 mar cont of tba yo1,,ot;an xa,:a,
upon to nav the samo o'e"
Tho manio for ;asui,,o 1,on,1s ;a p. ,..,,,. No.
eyer md ,,,3or Tin ,o,,,,ai 80. ~ ~
uic;pal Indebtedness in 111ino;s ,,,rot a,.naaa
g nor cent of tho vot,,o ~ .ho n...ssu...
spousible tberefor those bon,7e oro ,t,,.a},.aS,
in good faith lv ncrsoa IN ro,notn ,,ar,s ~ .,a
country. WIN IN tina xy;11 o,va,o ~ 49, " <u .no
TINT their investment IN not what thov
thought it wns, Another faoturo - ~ t,,;,
muuicpal.bond business ia tho ano,,,,o,a -
tcrest cllowed tbcroon Tn posta, ....sa-
we nof;co nm of7vorj;ro,,a,,t L., ,,.e,.i r"f:
whicI, llo ot7ers 111;roa ,n,,,;c;,o, 1,saaI -
tho followin,, nr;caa q, a. ~ oaat, ~ a. Nv ~
cents, 8s at NJ conte ou3 N, - 1no a....
states Tint dur;np tha ,oat t1roa .,oon. , g. oon
000 Of theso 1,ond. law t,oo. .s,'s',, s',ooo'
in Nav Enolona Aso ,,o,,ona1 ,..,,l r's' '.s,
muuicipa1 hond hov;,o Tron, a." =, "nsA ..
yenrs to rim md boor;,,, IN ,,ou oa,.t :1 ."s.9
is offered for sa1o Mt n f,;.to,,oo f.o,,. t,.a
of issua. tho ;pvost,,,,,t ;g ,,,,. r'Ae.
tl1e nanny mt thoro;,, i, ,,,,t ~ 1,as, '''>N
Tn tho ao,no ,,o,,or ,,.a ,,ot:aa
,nent of q Inn, h., tha r;t,s - r:.',o,,
s1ontron,or,, cornt1 j., 49, c.s.. ~ -
1,onds boor;ro m .,ou a.>t :..I "",o re
ono,nt ofr,roI 3, e,n nm n,,. 4's
f,ol1 in 1s7o Ind 1nr, H., ! nm ~ 4'ls.'-
trlc son,a c;tv l,oa o,,teto,,a;',a as1'4 a"n
oo). at mr. cant vo+oi, ~ "a ~ .onu ~"o'
The ANIMAL c1,o,oo ~, tl,at 49,, .,,es oAe''' e
;ntorost ia er oi1o fr,,a a:,,,44s ~
Titchfe,1 ;v o,,out ~ ,;n.,. ,sa ~ ~. "!.'n
of s5o ooo II oa;;t;o,, ~ H. .s eta.a ~ s ~ st,D'
md ,,,,,,;o;,,o1 towa. 49, ~. o' ,'unts,
Ia i non ;,,i,ol,;t..,.n c,r ooo -o"s'' u
,+oro,t ~, az. 1ni,s u,,' ~ Ht5
vo1na of toxol1o, ~ t,a as,'-.s. :: ''svs'eu ",1
W am nm Wiz ~. a... so"nty 1a "'o"s
,,;s ,,o1o,>a. y, ;..,,na,s "e' p'opo4' wa u
W. rafer -. a 49, W. uo w. Auo"'
- t,,.o,.,,,. 'o Ao' ~ NV !'u.poso
H. ..r... % ' 49, Nou' ~" 'uo ''naty or
w.. - =, p''e ''s 'a example OF the
"e'Asy Win WHICH local governments crcato
'cuts. we suppose these bonds were dcliy- |
rea 10 tle contractor, who sent them East to