Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-06-19


Called in our settlement &i3SS0. net, ard
thus bringing the balance down ~ $Go 900, for
winch We have slipu .xtcd that the county shall
issue new bonds, bearing IL terest At per cent.
and 10 become que, $4,000 in 1886 so, OOO IN
1857 $3O,UUU il 1888, and 1900 in 1889, thus
deierring the payment Of my part of the prn-
cipal until the money borrowed from the state
shall have been paid.
1t will be seen by the stipulation with Mr.
Mariner, tha< 10 remove any doubt ~ to the
legality VI the new bonds, the county is re-
CURED to secure the passage Of u special law.
lugalizing the new issue vi bonds, before the
Judgment caH be fully satisfied. Under Ordi-
nary circumstances this would have DELAYED
the final settlement until after the session of
the next Legislature. Being anxious to finally
relieve thc4a serves and the CUfroiN any further
trouble M this matter, the Commissioners
thought II bcst to endevvor 10 get such u law
passed At the late special session Of the egis-
nature. For this purpose Mr. Mariner was ~.
queolcd to draw such an act as would satisfy
himself and Commissioners Vivian aad Bennett
visited Madison, 10 secure if possible, its pas
sage vt the special session. In this Ihcy were
successful although both houses had resolved
to do no business except the special business for
which They were convened. A certified copy OF
said law Is herewith submitted, with copies Of
tue State papcIs in which it is published.
The thanks OF the Commissioners are due to
our senator, Archibald Campbell for its sue.
cesslui passage through The Senate, und 10
Hon. VIM. h. Carter, who chainpiUned It IN
the Assembly.
The Commissioners have thought 1t nnncc.
essary 10 submit their statement of moneys
received and ds6ursed, but have deiayed ii
until they shall have completed til ir iaburs
and thus become "tunctus OtticiO." From the
ocel Information they can get, there are out.
standing yet Ia unknown hands, Que bond and
some coupons. These may bc lost. II pre-
sentcd before the regular session the Commits
sloners will have in their hands sufficient funds
to settle them. Mr.. Mariner also Claims lhut
some errors have crept into his computation.
which will alter possibly the figures OF the Enal
settlement. For these reasons, the Commits.
sloners propose 10 delay The financial settle.
iiient until your regular session, when, having
hhlslled the business entrusted TO them, they
VIII Oc prepared to submit their accounts, and
pay over any balance that may be IN their
hands
They herewith submit account Of travelling
EXPENSES, &c.
This settlement will leave the county indebt.
ed 10 the state, $50, 600 to Mariner, 90, 900
in all, $2l5,UU-a fraction over 3 per cent
on The county assessment ~ equalixcd by tho
county bOard.
By this settlement the county will have TO
levy $2,OO0 OF the principal, and the interest
on The whole debt each year until 1880, In
which year there will remain only $l50OO to
D paid. The xnnual tax for this purpose will
b, htte more than il has beer TOR The last two
years, us tho interest is larger, but the inter.
est Charge will decrease each year US the prin.
cipal is reduced.
The payment for the coming year will be. in
round numbers, t35 900, which Is friction
Over the half Of per cent. on the county as-
sss.mcnt, us cqualiZcd by the Board. This
~ he "A Ia NJ a rt.nt
wi b. steadily reduced each year.
Respectfully submitted,
john II. VIVIAN,
JOSEPH BENNETT,