The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1879-07-24

1 manner, and at much less ezpense than We
are liable to have IN The present way. The
! hist thing 20 ID row IS To put the mater IN
! the hands Of some good financial agent,
| or IA conmiite Of responsible lawyers
| ca'l Them syndicate, II Won vantio-mt Il
| vino know how ihIs kind of business j. done,
who know he Taer who bay and sell bonds,
! aud know how 10 put them on the market,
| and they would soon settle II mp. Even If We
should have 10 pay them good round com
mission II would not cost u more In the end
| than We have to pay for DOING tine work in
| the present way, and without sccom pl shing
| anyib ing either Just see what IL costs us;
| There's SIX hundred dollars to pay the
4 expenses of the comm sSioners going To ~ :.
Louis, and trer-'s thirty-thr.e hundred
| dollars for extra services TO the county a tor
ney, and not quite forty thouS md dollars
taken in altogether. 1h9ts ten per cent.
on all the old bonds taken in, and any
| responsible banking hose ia the country
| would DO II Tor five. And then IN addition
To al this is the amount, nobody knows
attorneys o. our creditors and the court COST.
It, n bad business,
80 far as the city is concerned, think we
m de a great mistake when We defeated Mr..
Ummefhun- He was get ing along very well
with The wOry, and had ARRANGEMENTS
made 80 that he could have had the whole
debI ont Of the Say during the prese term.
1 think, in regard To our county bonds, that
our commissioners will s,,"n.r TT later have
to emplOy::a lnancier in some OF the me my
cfnters of the country Ia attend to the bust
ness for them and the sooner they do IL the
better IT will be-"
The next ge-Ieman visited by our reporter
was
Il FLssHER
OF the firm of Flesher & Schnueman. Mr..
Fleshel said his opiuIo1 Were - widely at
variance with those of the puhiIc generally
upon this qus siion that h. did moi ike %
express himself free for publication.
However" ne remarked, Il viii say this
81 believe county o. city shouid meet ITS
obligations just the : me su individual is
r., a a. do For lnuSs. bonds
and our SCI, o bonds We got all W. barga nei
for, and We ought TO pay en- every one in
full. In regard TO our railroad bonds,
however. there Is reason bile ground
for com promise. 1t IL well known that We
have always denied consideration, and for
lat rea>O they have Always been depTe
ciaiei The men who hold Them are geI er-
ally men who speculate in snch securities. |
who o1ght them at very Low rrics - ami did |
not expect To geceive par for them. II We |
rad recognized the fact thst IL takes two To |
make a cOmpr. mise, and had put cur affairs /
In the haGds Of financial agent To consult |
and arr nge with the holders OF these bonds, |
don't think We should have had any q iii. |
entity comproui ling them az nifty cents on the /
dollar, or even AZ lower price. But 10 l
looks 10 me rs though II would he - long
time, at The present raie. beio'e We get out of L
our trouble, and in he meantime, the inter-
->is of our county and city arr suffering be-
cause Of the uncertain and unsettled coLdi-
ton of our affairs.
The members Of the BOARD Of Com n isSion-
ers are alb e, good, honest men. idon'I know
what course theN IL tend Ia pursue, nor what
pro- pert they have OF efi-ciii4g settlement,
but II IL were my | should put the
business at once into the hands of a good
responsible financial ag-n, in New York. /
YOU Il put n, " bonds in his hands with which
Ia take up Old ones, and then have him
idyeT Use extPnsiNeiy IN iinanc ri cirrl' that
he was ready 10 excl aTgs good bonds for the
Did ones In this way I think the work
'ouId be done much more speedily and AT
- expense than in the wsy at y esent rur- |
sued, and think the question Of lime is one |
-. a
nit thst our creditors will III compelled TO |
'ome to us, and ,cei,t our terms In tn" course |
II time. II we only wait, hut rsfn we afford to |
vslt" Can men who own property here and |
ire trying TO do bust ness here afford 10 have |
his rloud hang over u tor an indefinite
me? I think not