Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1876-01-08

lOWnSulD,.. u
Sni-a-Bar, East-Cornty......... 81 Il
Township....... Us II
sHi,a- Bar, wes'T4GSsnlya;".:-% =
Middleton, Wayerly-Counly. ....lss
: Township ......lG =!
Dover, DOver-COunty. ...........l2' U
(" Page City F.: ..... 81
Clay, Greenton-County .......... So o
Clay, Wellington ...-.... III y
Clay, Napoleon ......... Ia .
RECAPITULA
Vote for county proposition. .............. l.G4s
Vote against county proposition. At
Majority in favor of proposition....... l,a7:
Vote for Lexington township proposition. 34t
Vote against Lexington t p prOpt sition-... II
Majority in favor Of proposition. ...... 33t
Vote for Freedom township proposition. POI
Vote against Freedom t y proposition. !
Majority in favor of proposition. -. 19t
] Vote for Davis township proposition. $500. 134
Vote against Davis township proposition.
Majority in favor of proposition....... Il;
Vote fol Washington township proposition IL!
Vote against Washington t p proposition. y
Majority in favor proposition. ........ 8:
Vote for sni-a-Bar township proposition. ~
Vote against Sni-a-Ear I p proposition. II
Majority in favor of proposition. ...... III
Vote for Middleton township proposition. l4t
Vote against Middleton township prop. .:
Majority in favor of propo%sition........ L..
Whilst the above votes may appear
small, it must be borne in mind that on.
ly the taxpayers of the county have
voted IN this election, few others taking
any interest in it, and it is a full and
fair expression of the views of that ele-
ment of our citizens.
Believing 1t to be almost, if not n
tirely, impossible to pay the whole debt
as it stands, they offer to the creditors
of the county what they consider to be
the limit of their ability to pay. If the
tax had been levied this year, and the
people ANXIOUS to pay it, they could not
have done so. Impoverished by three
successive failures of crops from drouth,
and the last year from grasshoppers, in
many portions of the county it was not
at all a question of paying out money,
but of providing the bare necessaries OF
life for the women and children. No
one could expect a man to use a small
remnant of money for any other purpose
when it was absolutely needed to buy
bread for his family. The propositions
of Washington and Sni-a-Bar townships
may look low to the creditors, but it
must be remembered that they have re-
ceived not one cents worth Of benefit for
the money they offer to pay, and that
the people in those townships have suf-
fered infinitely more from providential
visitations than have any other portions
of the county, and that their lands are
not nearly so productive. If any credi-
tor of these townships will go there and
see the condition of the people, we are
confident that he will consent to the
settlement. AS we have received sever
al letters from holders of bonds asking
for information on this subject, we will
review the matter briefly in this article.
The people maintain that the entire
bonded debt ofthe county and townships
ID itduOulClG lOl Wi Ou5 lCdSOio.
On this account they in the first place
requested the county court to cease pay
ing interest. Since that time their abili-
ty to pay has been much impaired, but
the courts have to some extent estab-
lished the legality of the bonds, though
that has not changed the sentiment of
the people in regard to their fraudulent
character, and up to this time o n OF
our county cases have gone up to the
court of last resort. In order, however,
to avoid litigation and expense, and to
have the matter settled, the county court,
by request Of 4 taxpayers convention,
and by the advice of Col. M. V. l.. Nc
Clelland, the agent of the county, who
had previously consulted with some of
the large bondholders, who agreed as
far as they were concerned to the pro-
posed basis-submitted to the people the
question as to whether or not theywould
agree to a compromise, ~pledging their
faith to pay the interest on the renewal
bonds promptly, and accepting the new
bonds as legal and authorized, whilst
not acknowledging the equity or justice
of the old, the action being based up
on the law passed by the twenty-eighth
general assembly, known as an "act to
facilitate the settlement of county, city,
or other municipal bonded Indebtedness,
by composition with the holders Of such
bonds;" incorporating in the orders
for that purpose the last clause in the
9th section of the act, which provides for
the cancellation of the old bonds.
The county proposition contemplates
the funding of the old 10 per cent. bonds
and the past due coupons upon them, in.
to renewal funding bonds at so cents or
the dollar, the new bonds to bear 6 pei
cent interest; the funding of the old
per cent.bonds and the past due coupon.
upon them at 20 cents on the dollar, the
new bonds to bear 6 per cent interest.
Lexington township proposes to funt
her bonds to the Lexington, Lake & Gul
railroad at sixty cents on the dollar
new bonds to bear 6 per cent. interest.
Freedom township proposes to funt
her bonds similarly at 80 cents on thu
dollar, new bonds to bear 6 per cent. in
terest.
;. Davis township makes the same prop
osition IN every respect as Freedom.
Washington township agrees to funt
her bonds at 80 cents on the dollar, new
bonds to bear 6 per cent. interest.
Sni-a-Bar to fund her bonds at 40 cent
on the dollar, new bonds to bear 6 pc
cent. interest.
Middleton township to fund her bond
at so cents on the dollar, new bonds #
bear 6 per cent. interest.
All bonds to twenty-five years, in
terest payable semi-annually. The rea
SONS causing the great difference in tn
amounts offered by the townships ar
based on ability to pay, justice of tn
5 debt, prospect Of defeating the holder
in the courts, &C., &c.
The homelv illustration sthe impossi
) bility of squeezing blood out ola turnip'