The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1874-10-23
THE PREFERRED STOCK
BILL.
The Difference Between n
Political .DOdSer and AN
EHOneSt Man.
Record Of Ihe Democratic
Candidate for. AennEOr.

Record Of IEae Democratic
Candidate for senator.
EDITOR News: ] see the Demo
ratio candidate for State Senator
n this the 24th) district has pub
ished card in the Ledger, the
Democratic organ of this county,
n which he tries to clear up his |
'ecord on what is known as the |
Preferred Stock Bill" passed by |
he last legislature. He says he |
lid not vote for said bill. agree
hat he did not, but would ask
this honest (?) Democratic candi-
late if he voted against the bill.
No. AIr. frey did not vote for
or against the bill, but like cow
ard lodged the vote after having
agreed that he believed it was a
measure, and probab-
~ ought to pass. call the atten-
ton ofthe voters ofthis district to
page $40 of the Journal of the last
House; would also refer them TO
that book to find the list of cow
ardly lodges all through it prac-
ticed by frey last winter. 1 be-
lieve they will find him recorded
there as '!absent and not voting" as
often as any member of the last
House.
/ would also call their attention
to Mr.. Firey's vote on the impeach-
ment of J. E. Hayes. He voted
for three rcsolutions-one to give
Hayes time to resign, one to ask
him to resign, and last, one to i'm
peach him. About the al adj
journment that the Democratic
candidate tried to secure 1 only
have this to say, and L think the
journal will bear me out in it, that
he did try to bring about formal
adjournment by leaving his post
and getting on the cars and COM
ing home as soon as the 50th day
of the session had expired. If we
had few more such Reformers as
he and old Malthy there would
not have been quorum present to
transact business. Patriotism
grows very thin with such good
Reformere as soon as the pay
stops.
/ am also informed that Mr..
frey, the Democratic candidate for
State Senator, or anything else, is
trying TO make political capital
against Hon. VIM. Martindale be.
cause of his vote for said preferred
stock bill. 1 presume that Mr.
Martinda:e voted for the bill, and
am glad to know that he has mau.
hood enough about him to vote fol
all measures of merit, and against
all that he thinks ought not to pass
l cannot see a single point of de.
merit in the preferred stock law
1t is only law TO allow all railroad
companies organized under the
laws OF this state to issue preferred
stock In an amount not greater thar
the accruing interests on theil
bonded debt, for a term of three
years, aud existing indebtedness
Such stock cannot be sold for less
than so cts. on the dollar. 1t pro.
Vides, further, that counties, cities
etc., may exchange their common
stock for said preferred stock, il
an amount equal in proportion to
the amount of common stock is.
sued /; and further, that no preferred
stock shall be Issued only by atwo.
thirds majority of all the stock hold
ers of the company. Therefore, it
cannot do us any harm, and may
possibly do us some good. But the
Democratic candidate is trying tC
make political capital out of this
matter because il has railroad writ
ten in it. This law may do for dema'
gogues to howl about, but the how
is little too thin for sensible men
to believe.
Republicans, 1 ask you which is
the worst of the two, Mr.. Martin.
dale, who honestly voted for the bill
because he believed it possessed
merit, and is well guarded, or Mr
frey, who believed, in hi:
own mind, that it was a good bill
and lodged the vote because it was g
railroad bill, and he was afraid that
if he voted for it his dear constitu.
ency would not vote for him fol
Congress this fall.
But presume he can make hi:
present constituency (lhe Demo.
crats) believe anything. All they
want to know is that he is one Of
the 1tate1Tyfed, and that makes him
all right. Voters before you con.
denim any one for voting for the
above mentioned bill examine the
law itself. You will find it on page
las session laws of 1874. Your j.
p. has il.
ONE Who NEVER VOTED FoR A
RAILROAD BOND.