The south Kentuckian. [volume] (Hopkinsville, Ky.) 1879-1883, 1879-05-13


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any extent to be relied on as official.
The Court of Claims will meet on the
10Th day Of Nay, Members of the
Court arc vet undecided as to the poll
icy to bcpursued by-ihat judiciary but
sure it is that the question OF the dis
position Of the county's revenue, with
reference 10 the redemption of our
bonds, will command its serious con-
sideration. We find by investigation
that there is a strong disposition ON
the part of members OF that Court TO
adopt The following plan for the set
Element of this bonded railroad in
debtedness:
Place in a hat all the numbers rep
resenting each a bond for say $1,000
of this 100000 series of 1868. Draw
therefrom fifteen numbers, which
shall represent the afteen bonds to
be redeemed. The court to order
that said bonds shall be within thirty
days thereafter presented for pay
meut and upon said order not being
complied with by the holders of said
bonds the interest entire to cease
from that date. While this method
of canceling the county's Indebtedness
seems out of the order of consistent
action, yet, it can not DO denied nj
that such an oct would be beneficial
10 the comiy's financial interests.
But it should meet the appreciation
of the holders of these bonds. Sure
il is that the county will pay less in
ierest on her indebtedness as it de-
creases by the annual redemption and
as interest on the amount decreases
in like proportion will the annual
tax levy be decreased in the county.
So Tie bond holder will receive their
full face value aud at the sane time
be instrumental in reducing the taxes
of the county and so his own. Chris
iian county deserves credit and con-
fdence in the broadcast sensc for her
honesty in paying every dollar of her
debt at par willie McCracken and
Caldwell counties refuse TO pay but
80 cents on the dollar of their indebt-
edness,and while Muhlenberg refuses
10 pay but %; whilc Tennessee has
refused TO pay moro than 40 cents,
while Virginia refuses TO paw more
han 70. How prond should our peo-
pie feel that nothing save honesty
has been our motto, aud how for,u-
nate those holders of her bonds who
ire now offered one hundred cents
on the dollar and all accrued interest. |
In the event the Conrt adopts tho
plan as above suggested it viii be !
done deliberately aud advisedly aud |
lll contestants Of the authority will
have to resort TO Tie last notch of
higher authority. The bondholder
will be subjected to legal annoyance
md probable loss and can III afford
10 bubble about the Illegally of the
point. Better contribute TO the sue
:css of a worthy act on the part OF
he Court Of Claims TO protect the |
'ounty's interests, than to asplii
hairs in a contest for personal gain, |
in which event the eyes Of debt |
ridden, honest people are open TO |
No bondholder should
desire to take an advantage Of the
county, through any indiscre,ion on
The part of her officers in framing the
words Of her promises to pay. The
failure TO cmbody III the face of her
bonds the power TO redeem after five
;ears from date of issue was clearly |
IN oversight on the part of Christian
county, or rather on the part of those
commissioned to act for her.
But do not understand us TO say |
hat we would urge on the Court the
Of such acton as referred |
10 above. In fact we would advise |
he Court against such an order. Let
al things be done decently, at least
by the Courts ofJustice, and le, there
be no departure from legal action.
If the Court can consclentiously rule
that such is in accordance with the
laws of our land, founded on principles
ofexact justice to all, and. II the Court
can justify itself in any legal precepl
of decision, then all so well and good,
ana SO mote it be, otherwise we
would say apply TO tho Legislature,
that stately incubus, for all proper
relief in the premises,
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