Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1881-04-23

a discounted so per cent. F; the loss would
be toe great:
John-That IS a very posi-
ton. The statement that the discount
IL 80 per cant. crsatssa wrong imprss-
sion. When the federal court decided
that the bonds were not valid, they were
considered worthless by many. and were
bought up-hJL spectators y, from ak %
twenty cents on the dollar Of their face.
Most Of them are held now by this class
of purchasers. Now, we propose to-
At the ratio of twenty per
cent. OF both principal and interest, and
it is sqpalsto s~.hirty-six per cent of the
face of the bondseNow, the last quota
ton OF townshipS%endsl tn. s.. Louis
market that rhsye sssp wasihirty-fve
cents hst chat n. thisty.dvso eHts,aa the
face of & bonds. You viii ssst1ss'ws
are offering one cent more in nav bonds
than they are worth in the market Why
wilt thsy not accept u proposition In
stead Of losing 6o2f5 eseppkss: ~. isrted'
they will. In fact, make money by the ep-
eration. Should they atfirst refuse, and
undertake. 70. force sPsyHents ~ cfg'
through the Intervention Of the state
OBSERVATION-DISCLOSURES ID thsswsy that
will bring them to . of the situa-
ton. We can, BY writs OF Injunction or
prohibition. prevent thS county court
from. making lsviss. We can thus de-
convince them that they cannot
collect any more than We offer them;
then they will scoept.....--....---...
! JsmesrIssHs yossers. ssstdsdly in fa-
.vor OF this. proposition. Your reasoning
appears to be good; I will consider it,
John-Yea, I am. The debt. if esm-
promised. pill BE- s7s, 100 The annual
interest wil DO, 1t i've per cent:. ST.
$50. Now the assessed value!o real
estate IN the !. township ID sel,soo, 900;
The personal property. including nsr.
ohandiss. upon which the taxewould be
LEVIED, Is at least 81. 900. 900 mere: =
tax OF nix csats on the 500 would pay.
the annual intersst.and a. tax of2Q cents
would pay tho Interest and an OF. the
principal in seven years.. MY property
is asssssed 1t SI2. 900; it is-wqrth double
that amount. 1t would cost ms emily
q 10 to pay.my share OF the annual in:
terest. If it should be dssmeds advisx-
BILE to pay the debt of IN ssveasIears, by
levying . taxsof 70 cents each year, II
would cost me $24 annually, or 1913 for
the seven years. Would jenaible
man, who will lay aside his. prejqdices.
say that this il not an easy way to get
out Of this difficulty. i would. greatly
prefer. to. pay my. share rather. than take
the risk Of eyehtualIyz having to pay the
whole amount. -
Janss-Wil the amount be indeed SC
small, Why Lap aaseaishsd The tax
indeed, would amount almost to nothing
I joint il trua.. The only. feaE~l
have is that the people yplhet properly
consider this .q~usstioa and post then'
selves abontsitss Manysdpf not rsfee!
that If this debt is not settled that 1t is 9
heavy weight to carry that presses dowr
the value OF their lands. II settled. I be-
lave 1t would enhance the value Of rssl
sstats at least 8 per acre. There ID. II
the township. about 50. 200 acres. which
at 35 advance, would amount to $3.50,
900. beside the enhanced value of th'
town property All around us. IN oths'
counties. they are making preparation
to catch . portion OF that tide ot.ihlsra'
ton that IL now flowing westward. W,
should also prepare for 1t by holding op
Inducements. With lew taxes We eopl'
peiatsto our iertile lsndsupaureesssd i
prodnefssnsss.teoa sfsellltzesb r rssea
ing market. to eur excellent schools
public and private, to the state of SOC
ETY. In OUT midst; and with these recon
mendatisns We would certainly get GU
share.
Jamss-You are right. l will supper
the proposition. There il yet q brigl
day. ahead for old Lafayette. But 20
} SAY. the tax would be levied upon pei
son.l property 40 we'll AZ real estate.
} thought ersal estate had to pay it al
( was the law ohangsdp
3 Jehn-Yss;s al taxes for this purpo'
will be lsviad on both. and will tn.
] tighten the burdeneupoa real Aatats.
James-Thas is rigtessIAt ~ ha,
: the compromise, and settle ~ matt
d forsver. Then We vii nevsebs ammo!
d ed again. - the new constitution to
n ever prohibits any moro ,pbscriptio'
by tho county or township. Good da
Jehn.
John-Good evening, james. Cor
again -a.lA iDIijBLI