Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1876-08-18
One Of Tllden's Reforms.


II the Independents who, pursuant to
the bargain and sale effected at Spring.
field, arc tovote for Tilden, and who are,
TO man, Anti. Monopolsts will but cas-
ually explore his record rs a railroad.
grabbcr, they will find that very extend
ed course of crow diet has been bargained
for for them. The history of his partici-
patton In the Terie HATTIE, Alton a. st.
Louis, and Grand Rapids g. Indiana, and
iCrcdit-Mobilier steals. heretofore pub
lished in the Tribune, will give those In
dependents an inkling of the character of
the railroad grabber they have been sold
ont 10. Ills record in connection with
the Harlem Extension Road will further
enhghten them upon that point. Tildcn
was ono of the projectors of that road,
which is remembered to their cost by the
farmers about his native town of New
Lebanon They, it seems, did not enter
into the enterprise with great alacrity,
and soon it was found that the funds to
keep it from collapsing could not be
raised by private subscription Under
the New York statute, the bonds of the
town could be issued in aid of the road
upon vote of two-thirds Of the property
holders; ana private subscriptions having
failed, of course the next effort was TO se-
cure a round subsidy In town bonds
Upon looking over the ground Mr.. Til.
den found that the requisite two-thirtlS
vote in favor of the bond-subsidy could
not be obtained Thereon he proceeded
to lobby through the Legislature an ACT
dispensing with the, requirement that the
bond subsidy be granted by vote, and au.
thorizing it to be granted instead when re.
quested by the requisite number of prop
orty-holders by their acknowledgment
talSen before a Notary. That done, in or
derto obtain the consent of the requisite
two-thirds of the property holders, after
the consent of part had been obtained the
Tildens executed their indemnity bonds
to certain number of land owners, guar.
antceing them against taxes for the pay
ment of subsidy bonds. In other words
for the sake of getting their nominal con.
sent to the issue of the bonds-subsidy in
aid of his project-the guaranty was that
the taxes for the payment of. the bonds
should be levied only upon the ncighbOrs
of those guaranteed, when those neigh.
bors were left in ignorance of the manage
ment, and suffered to rest under the delu-
sion that they all shared in liability on
the bonds, But as there was no legal con.
sideratiOn for the guaranty, when the taxes
were levied to pay the bonds gobbled
by Mr.. Tilden's Company the guarantee
was repudiated. Michael Farrell, Rich
ard o. 'Brien, Egbert Webster, Horatic
Hand, Hiram Gibson, Russell Wickham
and about 100 other residents at and in the
vicinity of New Lebanon, were thus vic
timized, and "Slippery SAM" with his
associates, slipped out of all liability or
their guarantees on the ground that it was
given without consideration" And
thereon they proceeded to squeeze ou
of the very men they had thus tricked tho
taxes to pay the subsidy bonds. That is
in fraud upon their fellow taxpayers
Tilden procured certain property holder:
to join in signing petitions for the ISSUE
of the town subsidy-bonds to himself anC
his associates, while at the same time he
secretly gave them guarantees agains
being themselves taxed to pay the bonds
That done, he slipped out of his guaranty
on technical plea of "no considera
tion," and, with judicial impartiality
squeezed them all The bonds which by
this swindlc were obtained from the town
by Tilden and his associates are yet out.
standing, and the following is the situa.
ton of the luckless. tOwnsDeople. as de.
York Times:
The town was bonded for onc-ffth of III
valuation, and two per cent of the taxes
paid by the residents is on account of the
railroad debt The town is in some respects
favored. 1t has rich and productive soil
frugal, industrious and intelligent class OF
residents, but, work as they may, they see
their hard earnings wrested from them an
nually by the tax-gutherer. They look upon
this representative as Tildcn's 1.-THE. gather
or, who annually wrings from their pockets
tribute to support the costly luxury that the
Tildens foisted upon them. The "wolf
gaunt and hungry, at the door," is Il terrible
reality TO them. To those with mortgage.
on their homesteads, the burden imposed by
the railroad bonds, bears with double force
and the prospect is anything but pleasing
Property has, in consequence of the excessive
rate of taxation, deprecated in value, and
become almost entirely unstable except al
ruinously low figures. Deep and bitter are
the curses the farmers of New Lebanon hear
upon the head of Sam" Tilden.
And no wonder they do--ChtcagO Trfb
Une,