The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1878-11-01
THE RAILROAD STOCK SALE.
100000 of the County Debt Wiped Out.
Infamous FaIsehOOds of the Bushwhack-
ing Papers,

100000 of the County Debt Wiped Out.
Infamous FaIsehoOds of the Bushwhack-
ing Papers,
Who Lie to Make Votes.
Mr.. SimcOck's Statement.
In brief we learn that the county's
stock in the Atchison, Topeka s. Santa
Fe railroad has been sold for about
S114, 900 in cash. That the money is on
deposit in one of the best banks in Bos-
ton and is being used as fast as posi-
BILE in buying up the county bonds at
from rs to so cents on the dollar Some
$4,000 in bonds, as near as can be ascer-
tanned, have been purchased. 1t is now
Believed that the fund realized from the
sale of stock will wipe out in the neigh
borhOOd of $150,0OO of our county bonds
issued to that road. This will save the.
tax payers of the county from not only
paying the principal, but $1O,5OO annual
interest.
The reason, and the only reason, no re-
port has been made is that ii was deemed
wise to keep the doings of the board
quiet, as, if they had been made public,
the bondhold ers would undoubtedly have
raised the price of their bonds to par.
The whole thing has been managed just
as any careful business man would have
managed for himself, and with only one
motive in view, to serve the best inter-
ests of Lyon county. 1t is true the stock
is now higher than it was when our
stock was sold. 1t is now quoted at "a
cents, and ours was sold at from 56 to 81
cents. But who could tell, or who would
have dreamed that the stock was going
up to its present figure? What would
have been thought had the commission
ers waited and the stock had dropped in
price? The fact is they had to exercise
their best judgement. Even Mr.. Nick
erson, the president of the road, sold a
portion of his stock at less price than
that received for a part of the Lyon
county stock. 10000 of the stock owned
in this city was also sold at less price.
No one could tell that the stock would
advance to its present figure. No one,
not even the president of the road, be-
| lieved it would so advance A full and
detailed statement of the whole transac-
is closed up, and there is no intention to
keep back a single item in the whole
matter.
| Now, the Democratic paper printed
here, and the Greenbacker, also, have
made false representations. They came
here to dead beat" a living out of this
town. They found certain men in their
way. They expect to ingratiate them
selves into the good will of this commu-
nifty by attempting to tear down instead
of building up. They resort to vilifica-
ton and the most unmitigated lying
to accomplish these objects. No state
ment is too vile for them to make to
accomplish these objects. They charge,
by innuendo, that the county is being
robbed. They have each been here but
a few months, and yet they SANDER our
best citizens who have been before the
public for ten or fifteen years They
seem to have special spite against Sen
ator Plumb in their mad rawlings. The
truth is that not cent of the railroad
stock was ever sold to the Senator, and
he was never interested in it to the
amount of a dime. He was going to
Boston, and the stock was sent there by
him. He did not make a cent out of its
sale.
Last week the Greenbacker, edited by
a preacher, and man of loud preten-
sions, dragged the name of J. w. Sim
Icock, of Council Grove, into the transac-
ton. The dirty, little Democratic paper
repeats the SANDER The substance OF
the charge is that Mr. Simcock called
on Ruggles, Scott & Lynn and told them
the Santa Fe stock had been sold to Col.
Plumb, and a lot of stuff generally as
false, and wound up by saying in order
to convince Ruggles & Co. that his state
ments were true he took pains to telegraph
to parties east making certain inquiries,
and that duplicate certificates of the
stock had been issued to Col. Plumb.
This story probably came from certain
hybrid candidate for county attorney, on
the honest ticket, who imagines it his
mission to revoluionize politics in this
county. Anyhow the story is manufac-
tured for the purpose of affecting the
vote of this county next Tuesday, and for
nothing else. We have a reply to the
charge, from Mr.. Simcock, and we are
sorry our columns are so crowded we
cannot give it entire. After quoting the
Greenbacker's charge, Mr. Simcoek says
In answer TO all this desire 10 say:
1st. That did not say, In the Office of
Ruggles, Scott s. Lynn, or any other
place, that your commissioners had sold
the stock held by Lyon county in the A.
/ I. q s. T. railroad TO Col. Plumb. A
conversation did occur in which the Ly-
on county railroad stock was mentioned.
but was not based on any information /
had or pretended to have
I'd. did not telegraph to any person
or persons, from Emporia or elsewhere,
to confirm any. statement in connection
with railroad stock, or anything else.
Sd. did not say that had tried TO
induce Col. Plumb to help me buy said
stock, or that / had ever talked or COM
municated with him on the subject.
4th- / never exchanged a word with
Col Plumb, or communicated with him
in any manner whatever, on the subject
of said stock.
I 9TH do not now, nor did ] ever.
know anything about the alleged sale OF
stock to Col. Plumb, other than what has
been told me by farmers residing in Ly.
on county. Respectfully,
/ j. W. SIMcocK.
| Now, what is to be thought of a set OF
men who viii deliberately utter and pub
lish such faIsehoodss We think the
people of Lyon county know their OBJ
ject, and viii place the proper estimate
pom. them next Tuesday