The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1878-01-10

llIllDa
3
....k;no members Of Boards OF Supervisor 4,
,s,,,,,,S sb6tine over 1000 peepls pes.uIe
rssDSnd blo for p ar9s q nono eQ0d a.
~! sft,,ficnai lmik Il y di1icuN 10 parssiC
- IN 6ilfinckion y nnede IA mattsf n ~
r;.3 6etween counties. II there is any dif|ar.
s .,..,e - an. the overiseue IL the more rer~
49, ira IL ! county where much Of the tsss.
~ 1roperty Is not represented In the counts
Government, But the theory Of this rssponI.
Rite IA 4 rood ono, and u would Be well b
make Il applicable, not only to the overissueof
i.,nds bv an counties, and also by cities, town,
"a 5ss15iofs. bat also to all Illegal and excs
silva erpendftures by the various local autha6
t;ss stringent provision Of this kind wsoN
confribute very much to the reduction Of loul
ernensea
nx01srRATIoN OF BONDS.
I renew the Recommendation Of my prede.
oessors, that provision be made for the regis
tration OF county and other local bonds as has
beeri done by some Of our sister States with the
moet marked beneficial effect. 1t conteu-
plates the certi6cation Of such bonds BY some
Sfate officer. after he shall have SAT- fled him
seIf that they are issued IN compliance with
lsv. Such certificate largely facilitates the
ale Of the bonds to which It IS attached, while
bv Encouraging questionable issues it en-
hsnces both the local and general credit Of the
State having suou 20 - ~ : WIN also
recommend that bonds thus registered be-
plsced on the same footing as Quilted STATES
md State bonds, for investment byinsurance
and other corporations.
The present rtAtutes authorizing the issuance
Of bonds require that they shall be payable at
any time prior to maturity, at the discretion Of
the authority issuing the same, and they may
not be issued without such reservation. This
provision at FIRST thought appears to be judi
cious one, a. II permits the debtor corporation
to free itself from debt whenever it finds itself
able to do 30. In practice, however, the reser.
walton does more harm than good. Obligs-
lions containing Il are much more difficult to
place than those having fixed time for pay
rnent, even though the term OF the latter be
shorter, and either higher rate OF interest
must be paid or . less amount be realized from
THE CENTENNIAL.
Chapter II Of the acts OF last session appro-
yriafed AZ. 900 Tor the purpose OF aiding in
e1h;bitinr the resources, industries and
products Of the State at the Centennial Expo
s;t;nn A. Philadelphia, and made other pro-
yision for securing our proper representation
~ that great gathering. Accordingly Man
aper and eome Assistant Managers were ap-
pointed. exhibits were prepared representing
The agricultural, horticultural, mechanical and
mining interests Of the State, and q house
WAS erected on the grounds. The show Of
frI1its. grains and woods and especially the
sections Of soil and the exhibit of rock strata,
Attracted marked attention, ard advertised
the state and its resources effectively. A
ANAL pamphlet was also prepared, giving the
statistics showing the marvellous growth Of the
state. and 400. 900 copies distributed broadcast
throughout the country. Upon the invitation
Of INV Predecessor, Hon. Charles G. Nourse, Of
polk county. delivered at Philadelphia, on
dav at apart to Iowa by ii q authorities Of the
EInosition. an address devoted to history and
standardization Of the resources Of the State.
The raDer was Of such value that the Executive
Councif caused an edition Of sc, 900 copies to
| he published and widely scattered. The total
smount expended for all the purposes of the
Centennial Exhibit on was $18,4 14 70. leaving
nndrawn al .685. %. The Executive Council Is
now nreparinp a report for your inspection,
wb,cb viii be submitted during the session.
The snhiect al the regulation of the manu-
factnre and sale Of intoxicating liquors il one
Of naramount interest to every citizen Of the
state and especially to those who are called
mon to make its laws, When we consider the
tact FRAT N n the profound conviction of a
large number Of the best thinkers that intern
nersnce h the direct or indirect cause of much
- tha cr;r,a that occnpies the time and atten.