The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-01-24
OUR BONDED INDEBTEDNESS.

County Superintendent.
OUR BONDED INDEBTEDNESS.
EDITOR TINES Il am glad that move
is about to be made in the direction of get
ting rid of our bond perplexities. i refer
to the bonded indebtedness of Leavenworth
County. 1t is time something was done
besides idle defamation. The bond hold
ers are pushing us with compulsory process
es, and the time for action of some kind is
at hand. Who, of right, should say what
is best to be done? The people, OF
course, who pay the taxes. The plan OF
getting at the popular sentiment by calling
convention OF representative taxpayers
at an early day, looks very much like
business. Let the convention be held,
and let the township meetings at which the
delegates are to be chosen, be attended by
every taxpayer; and let the delegates be
instructed, CONSIDERABLY, and if possible,
wisely, after full and thoughtful discus
sion of the situation.
The uncertainty to say the least, which
clouds all business calculations and pros
poets in our county on account of this bond
ed debt must be removed. 1t injuriously
affects the saleabilitv and prices of real
estate, it repels immigration, it checks the
making of improvements, it is serious
make-weight in divers ways upon our
happiness and prosperity.
doubtless il would be very business-like,
handsomely honest, and nightly crafty
ing to the bond-holders to pay all this in
debtedness at once and at the rate of one
hundred cents on the dollar Estimating
all our outstanding railroad bond liabilities
at $S5O,0O0, which, l persume, is rather
an under than an over estimate, and all the
taxable resources of the county at $780,
600 and it would take 4 levy of ten cents
on the dollar to do it, or one hundred dol
lars tax on every 81 900 assessment Pref
ty heavy, ! should say, though all tax-pay-
ers were out of debt, in thriving circum-
stances, and with good prospects ahead.
But it is fact that large portion of the
taxpayers are carrying about as much in
debtedness of an individual character as
they can well get along with few are in
easy circumstances, and the future outlook
~. ~: i.d, So o"neis anu farmers any
.n.nS o.' snoourashs ~ Is ABOUT al we
can ro " AeeP our neaus ABOVE water WIN
OUT na'ins cent aoued 10 our TAX Dur
'nens ior any purpose:
- ane .iina.Ns Vi paying an Inc ponds
Al onoe a. par, vi ns' iePuulation De upon
an oI I:. even ~, ~ the re'o,
' "a anu M Ji:'ei Gnu. me enforced
payment Vi an 'lls mohstrous deot al once
ana nov, ~ouiu prihg great distress to all,
anu aosoiu'e i"Poterishmeht 10 many.
t.aJ - ~ ueos Hn s one mao no
naiiu m eontrac.ihe' anu rom winch one
n1s uei;'e " 10 oeien' Nha'e'er, may De
ouIous IA lhe eye Oh the law as construed by
pcnu- hoiueis al'orneys anu may seem very
WI. :. '"e e'.s Vi 'neu sieeoF clients,
put niost PERSONS VI ROBUST constitution
oouiu oi up unuef lne iihPutatioh' ana
even gro" at 10" ,a-uays' "neh IL would
80 ,ey, ~ iae' na.aiiy haiu win 'hem, 10
=. uIpp.u vi al 'neif eai'his possessions
put " Iuuioious management, perhaps,
su.u an aiie n,'e may NC a'er'ed: we
oe aoie W set.ie oh d compromise pa-
sie. III oass u ut, per esnt. tue tax on
'nou:"nt uolais Mouid pp' say, MY
uoiiHis' WHICH III ahuuai instruments ex-
sehdins over ten years "ouia amount 10
n' e uoiiaIs PER a.nuh, WIN ABOUT iour
uo.,ars auueu iol interest. II might De
y. yet.er 70 re eA'enu '.e payment twenty years,
anousn inc tie same l'rniuaTie interest," iound
~ouiu uaNe " oe anhuaiiy PROVIDED Ior,
uilnin1u' noNeser, py tne amount OF
feHenue tnal M1uia accrue from inc sinking
!unu, II properly invested. In that case,
lne ailuual SINKING levy woaid De only two
anu one hai, uollars On each thousand.
Pc. nTi our eTui'ois ompronise on
,heaa honds Ala no, naD, moi, ho. Muc es. OF
onn,s ~ ,ha daII,. no1 :, ios' .nein over my
IN, VI .ne et.Dni ~ lac. tha' some OF
!hen were ootaineu a. even lower rates. 1t
IN ian |" p..suns Una. tne average cost OF
an ou. ou'st IIs iainodu oonos 10 ,he
Paru.s 10" hoiuius theh mas NOT exceeded
se,eh', oeu's en 'he uoiia suppose they
- ~ 'ane my oen.', anu lne county pay
:. mem 'ne ieauy money Ieai,1eu py 'ne SAFE
- ne" isSue VI suaia n'esu oonds running
i4e peiIou Vi years, ~ouid NOT tneir sac
linIe ~ r, Una. case " more apparent than
rear me alnerence between tne value or
pulcnasing power Vi money AT the present
lline anu us vaiue at Ine !ime they invest.
gu N nc oonus Mouiu Al iact Almost IL
no. fu''e con Peisate lcr the seeming loss
n. ". i:on IN view Q, ms snd all
.ne 9.ner e.rcI I .I l snouid nor re-
su peuer ~ lne proposeu convention
- even M 'nIN or ior'! ceh's oh Inc DOLLAR
Is A. A. az , Ga' . u ieason
as " .ne Soi'y vi 'aH-payers, am
~. prepared 70 sPeak: put know some,
tn lille 49, y, '"s SITUATION .,S ~ .ne country. AS
naae aileaay s.a.eu, many farmers are car
!ns Aoou' as much LnuASiouai indep1ed-
rs as tney Eau wen s'ano up under. Inc
much longer. The present de.
piession IN .ne gram ana cauie
1865 y SOY ,.,. Sy 'ne iarnes Oh TINS