The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1875-10-30
THOSE BONDS.

OOnds that were voted ny Allen county
to the L. L. & G. railroad company, and
the transfer of these bonds, and the stock
that was given to the county in consid-
Grafton of them, to the said company,
we publish, for the information of those
interested, the following resolutions pass.
ed by the Board of Commissioners at
different times.
When Mr.. Arnold was a member of
the County Board, in accordance with
the instructions of the people, the Com
missioners unanimously passed the fol-
lowing resolutions on the 18th of June,
1863:
RESOLVED, That the best interests of the
county of Allen demand that in order ~
secure the aid of James f. Joy, of De-
troit, in the construction and operation
of the LeavenwOrth, Lawrence and Gal
weston railroad, the terms and conditions
imposed by him in his letter to l. S.
Kalloch, dated May 2lst, 1869, should
he accepted, and that the shares of the
capital stock in said railroad to be issued
! to the county of Allen in consideration
of the bonds of said county heretofore
provided by vote of the people to be issu-
ed to said RAILROAD, should be sold, as
signed and transferred to James F. Joy,
or said railroad company, for the con-
sideratiOn of one dollar.
Resolved, That the chairman of the
Board be instructed to execute and de-
liver to said James F. Joy Immediately,
contract for the sale and delivery of
said shares of stock in said railroad
whenever said railroad shall be complet-
ed and in operation to the south line of
Allen county, by the way of the towns
of lola and Humboldt, making said
towns points on said road; Provided,
that said railroad shall be completed and
operated to the south line of said county
of Allen, on or before the first day of
January, 1871.
On the 9th of April, 1870, when the
Board consisted of Messrs. Wisner, Hor
vile and Long, a resolution was intro
duced and put upon the records favoring
the placing these bonds in escrow" out
side the jurisdiction of the courts of the
State, but was laid over till the Goth of
May, 1870. The Commissioners met the
Goth of May, 1870, but on that day took
no action in reference to this resolution,
but on the 2lst of May, 1870, they pass
ed two NEUTRALITY-SUSPICIOUS. Hor-
vile voting against them. The first
resolution directed the chairman of the
Board to sign the bonds to the amount
of one hundred and fifty thousand dol
lars which the people had voted to issue
to the L. L. & G. railroad, to give them
to the County Treasurer, and by him
they were to be placed in the hands of
the cashier of the First National Bank
of Kansas City, ins:ructing him not to
deliver them to the railroad company
until the said ROAD should be in opera
ton and completed to the south line Of Al
len county. The second resolution was as
follows:
Rcso,cc,i, That the stock in the said
Leaveaworth, Lawrence & Galveston
railroad company to which Allen county
is entitled for said bonds, for anl in con
sideration of the sam of one dollar in
hand paid be AID the same is hereby sold
and assigned to James NJ. Walker, presi
dent of said railroad company, and the
secretary of said company is hereby au-
th0rized to ASST IN on the books of said
company said stock to said James NJ.
Walker president, and to issue to him
certificates therefor; and if any more
formal transfer of said stock is required
than the foregoing the chairman of the
Board of county commissioners for Allen
county is hereby authorized to execute
the same for and in behalf of said Allen
county.
On the 10Th of December 1870 Judge
Thacher appeared before the Bard OF
Commissioners and presented the aft Ia
Wit of the engineer of the road to the
effect that the road WAS in operation and
completed to the south line of the coun-
ty, when the commissioners passed a res
olution instructing the bank to give these
bonds to the company, as explained by
Mr.. Wisner in his card in to-days paper.
1t seems that all that Mr.. Arnoldhas
done in this matter was to vote for the
first resolutions, which at that time we
are informed was the wish of a large
majority of the people, and that Mr.. Hor-
vile had nothing to do with it. So far
as we can see there is nothing in the
whole transaction that can be made a
political ISSUE That mistakes have been
made by the people of this county, and
the State by voting bonds in aid of rail-
roads and other projects, We all agree
now but to hold few men accountable
for what majority Of the people want.
ed done, would be ridiculous.
IEiViNE ruE REEuRN PARTY