Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1879-11-29

Win the eStltnated . [urther Z
penditure Of $500. A recapitulation of all
expenses as estimated produced the follow.
ing figures:
higns OF 200
6OnuS....... 10000
contingencies 2,uOO
Tot ..S2S.o coo
When the depot grounds and right of was
we're secured and paid for the citizens would
have fully complied with the terms of their
contract until the road was completed and
running into the city, when the bonus Of
$s0.0 900 would be due.
The committee desired the citizens to
sanction and authorize q levy of twenty-five
per cent. Of the subscriptions for railroad
purposes aud to urge upon subscribers the
necessity for prompt payment. Subscribers
to the fund were asked to come forward
with the money without waiting to be called
upon by the committee.
Attention was directed to the large
amour: of property in this city held by
non.residents. Residents BY their improve.
ments increased the value of their property.
Non.residents thus far had moi subscribed
. single cent in aid of this railroad project,
and the committee were of the opinion that
! some action should be taken to compel them
to pay their share of the expenses. The
committee regretted to be compelled to state
that there wasalso quite q number o fresident
property owners who stood ready to partici.
pate in the benefits to be derived from the
construction of the road. yet were unwilling
to contribute towards its procurement. 10
conclusion Governor Edmunds said:
II beg to ask the question, with all due
respect to the opinions of this class of citi-
zens, if in all fairness they are not justly
and properly called upon by every sense of
justice and fair dealing, to contribute to this
fund? If so, how shall this be brought
about when they refuse voluntarily to SUBJ
scribe to this fund. 1t being conceded that
they are equally benefited, why should not
this matter be 80 arranged that this ION
resident property and the property of non.
subscribing residents be made to assume its
share of the burden? I dislike to criticise
the acts or motives of my neighbors in al.
ludinR to matters deemed of public impor-
lance and only mention this subject for the
purpose Of referring 10 the general impress.
sion prevailing in this city prior to the exc
cution Of this agreement for the construc-
ton of the Milwaukee road. There was a
very general depression and a very gen.
eral feeling that the town had received such
a blow that it never could recover from the
shock-thst property had become nearly
worthless in the city and many of our
business men were talking of closing out
here and escaping while they could from
the general wreck"
On motion the report of the committee
was adopted.
The following resolution was then pre-
sented and, after discussion, adopted:
WHEREAS, Certain citizens of Yankton
have entered into contract with the Chicago,
Milwaukee and St. Paul railroad company
whereby it is agreed that the city of Yank.
. ton shall furnish certain right of way and
depot grounds within the city of Yankton
besides = bonus of $4,000, to induce the
company to come to Yankton ; and
WHEREAS, The said railroad company
having graded from 10 to 20 miles of said
road between Rock Mills and the city Of
! Yankton, and the time having arrived 70,
raising the amount necessary 10 pay RICH,
of way and purchase depot grounds, &c
: therefore
Resolyed, That the citizens committee, t.
whom the management of this e~nterpris,
has been entrusted. respectfully suggest tb,
assessment and immediate collection of 2;
per cent on the subscription heretofor,
raised, and they ask your endorsement o
q this proposition.
. The following resolution then came ul
y for discussion and was finally passed:
WHEREAS, The extension of the Mil
waukee road to this city will benefit tn
whole people and enhance the value of al
property and,
WHEREAS, It is manifestly just that al
property should bear an equal proportio,
of the burden of the cost of securing III,
: same; therefore,
Resolved, That the chsirman of this meet
ing appoint . committee Of four 10 appea
n before the city council at its next reeula
meeting, December LIST, and make applica
ton to that honorable body in the nam,
Y Of the resident taxpayer s.lof til,
city, to submit . proposition TO the ousljne,
voters. in pursuance with the provisions O
the charter. TO Issue bonds TO % amour