Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1874-01-22

ty definitely settled that the much
abused and misrepresented Beecher-
Henry compromise" is to be sub
stantially fulfilled, it has occurred
to US that much consolation may be
obtained from the following, mostly
voluntary opinions from both sides
in regard to it, 10y the people who
are now actually bearing the heavy
burden of taxation imposed upon
them. to at once wipe out forever
the big end Of this incubus. We
should probably have done better
but were compelled to this com
promise prematurely, by the malic-
ious opposition Of a few and the
ignorant opposition Of many in the
county, and whatever extra 1t costs
the people, they have those who
abuse and oppose rs, and III a meas
ure destroyed our influence to do
better, to thank for it; the opinions
alluded to are some Of the letters,
and extracts from some OF the let
ters received, Except one) since the
making Of the compromise, and fair
ly represent the general sentiment
in regard to it outside of the county,
many parties who understand 1t,
and the situation of our people IN
respect to said railroad bond debt.
Respectfully Nc,
HENRY IL SMITH.
The following is from the Hon.
Henry l.. Palmer, the Milwaukee
attorney for the county ever since
! the litigation has been III charge:
81 have no hesitation in saying that in
nv Judgment you have secured exceed
! ingly favorable terms, as good believe
AS can be obtained and that your county
| will do we'll to accept them at once; Il
considerable part Of the Indebtedness Is
now in Judgment: the balance may soon
! be in Judgment the determination OF the
| Federal courts as manifested III numcr~
! Gus decisions is to enforce the collection
! of this class Of securities where held by
! third parties, and while payment may be
! DELAYED for Il time perhaps, the cOllec-
! ten will be ultimately made, with IN
| creased costs and accumulated interest
We have judgment in Racine bonds
| for which we are offered 70 cents CASH,
our client does not yet consent To accept
that The city of Milwaukee has hither
to been unable 10 obtain any proposition
! for Il compromise OF her Beioit and Su~
perior bonds at less than par. think
that if you can conclude compromise
of the indebtedness OF Iowa county upon
the terms proposed you will have ren-
dered the tax payers OF that county an
almost invaluable service Hoping you
may be successful IN releasing your
county from further litigation and an
noyunce on account Of this Indebtedness,
am Yours Truly,
Ii l. PALMER"
Afterwards, being applied to for
advice in regard to the suicidal OPP
position to settlement, the following
| was received:
1--WE can suggest nothing for the board
to DO, except TO appeal from the ord er
granting the injunction. The proposed
settlement is, IN our Judgment 50 clearly
| for the interests OF the county, that we
| would not hesitate to advise AN appeal,
| provided the chances are good tor re
versing the order, we are not advised OF
| the grounds on which the application Tor
the injunction was based, and cannot
therefore express an opinion rs to the
result II an appeal we regret that there
should be any disposition on the part OF
the tax payers to interfere w!th the ac'
ton of the board in reference TO the sets
t,ement, and il the settlement should be
defeated we think the tax payers OF your
county VIII ultimately regret it.
Respectfully,
PALMGN, lIAnEER n TIrEIN.
The following is from the Hon. n.
J. Emmons, who has been the Mil
waukec attorney for the city and
town of Mineral Point from the
| beginning of the bond litigation;
Though it will tend to put a stop to
much litigation, | was nevertheless gmd
that YOU had compromised "A large part
of the Iowa County and township ralI-
road Indebtedness understand that
after dcductiug certain allowances for
paid coupons which went Into judgment
fines of officers, Nc, YOU compromise all
the Indebtedness represented 10y Mr..
Carpenter and Mr., Beecher at 90 cents
on the dollar OF principal interests and
costs to the present time. regard this,
Mr.. Henry, as u very judiclons and
profitable arrangement, every means
and needs Of defense had been exhaust
ed every defensive allegation aud suS~
gcstion had been oyerrucl by the court
OF last resort, and the indebtedness con-
clusiycly established as a whole; ID had
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