The Canton advocate. [volume] (Canton, D.T. [S.D.]) 1877-1897, 1882-11-30
THE YANKToN COUNTY BONDS.
Final Determination Of the Com
mitte---The Memorial which will
be Presented to Congress.

Final Determination Of the Com
: mitte---The Memorial which will
be Presented to Congress.
e The committee appointed at the public
meeting held in October to memorlallzt
+ congress on the subject Of issuing new
bonds to settle the Indebtedness of Yank
ton county held its final meeting
Yesterday afternoon. At their meeting
the memorial which was drafted by the
sub committee, consisting Of Gov. Ord
way, Gen. Dewey and Mr.. Tripp was
adopted, and the following gentlemen
were added to the committee to visit
Washington to present the memorial and
necessary bills to congress; and to urge
such measures as will secure a just and
equitable settlement of the adjudicated
indebtednts IS of Yankton county Capt.
j. C. McVay, George b. scougal, = Y,
Shannon, AsJ. Faulk, James b. Wynn,
? VIM. III. II. Beadle, Fred Schnauber, >
B. Coulson, C. ]. B. Harris.
The memorial is given below:
MEMORIAL
To the Honorable Senate and House Of
Representatives of the United States:
Your memorialists, citizens and tax
payers Of Yankton county, Dakota terri
tory, respectfully represent that on the
18th day Of April, 1871, the acting-gover-
nor of Dakota territory issued a proclama-
ton calling together the territorial assem-
bly, without due authority of law; that on
the 2lst day of April, the legislative
Z assembly enacted, and the governor
approved, bill under which the county
commissioners of Yankton county issued
two hundred Thousand dollars of bonds
against said county, running twenty years
and bearing interest at eight per cent. per
annum; that thereafter on the 9th day
of May, 1872, congress passed an act vail
dating saio bonds, after which said bonds
were delivered to the Dakota Southern
railroad company, which railroad COM
pany, through its officers and agents,
agreed to do and perform certain things,
! and to make and construct valuable i'm
provemenus in the city of Yankton in
consideration of the delivery of said bonds
| by the officials of Yankton county.
Your memorialists further represent
that the Dakota Southern railroad COM
pany failed to make the improvements
agreed upon, and neglected to carry out
the terms upon which said bonds were
originally voted by the people Of Yanktoa
county, whereupon the officers of Yankton
county, in obedience to an injunction
from the United States court, ceased to
assess and to- collect tax to meet the
requirements Of said bonds
The holders Of these bonds thereafter
! brought suit to compel the assessment
and collection of taxes upon the property
Of Yankton county to meet the interest
due upon said bonds, which suits were
carried by appeal to the supreme court Of
| the United States and decided in favor of
the bond holders.
Your memoralists also represent that
during the period in which this litigation
was being carried on and up to the pres
ent time, the increase of the debt by the
accumulation of defaulted interest, and
on account of the published charge made
by the bond holders that a2ankson county
/ was repudiating its legal Obligations, and
the doubts raised by the decision of the
supreme court as to the authority of
territorial legislature to authorize the
creation of bonded debt by counties, the
credit of Yankton county has become SO
| seriously impaired that new bonds cannot
be negotiated at a reasonable rate of in
terest to retire the outstanding indebted
ness and executions now pending against
the county, unless such new issue are
clearly authorized by congress and en-
dorsed by vote of the people of Yankton
county.
In view of the above recited and other
embarrassments under which the citizens
of Yankton comfy have been laboring,
public meeting of the citizens of said
county was held at the city Of Yankton
on the 14th day Of October 1882, upon
call numerously signed by citizens and
tax payers, at which meeting after full
and free discussion OF the financial situa-
ton, the following action was unanimous
ly taken:
The committee on resolutions presented
the following report:
Your committee to whom was referred
the subject of raising a committee to
memorable congress on the subject of
Yankton county indebtedness respectfully
report the following resolutions and rec
ommend their adoption.
OLIVER SHANNON.
GEo. II. HAND.
VIM. p DEWEY,
Resolved, That we, the citizens and tax
payers of Yankton county, in convention
assembled on this l4th day of October,
1882, under a call published and widely
circulated during the past two weeks, do
endorse the sentiments contained in said
call, and the general expression of senti-
ment in accordance Herewith.
Resolued, Second, that Governor N.
G. Ordway, Hon. John B. Raymond,
ex-Gov. Newton Edmunds, ex-Gov. John
L. Pennington, Rev. Joseph Ward, Hon
Mayor H. B. Wynn and ex-Mayor J. +.
Sanborn be elected standing committee
to take into consideration the bonded
indebtedness of Yankton county and to
draft memorial and bills embodying the
sentiments of the public call and express
sions of this meeting in accordance there
with and that said committee be request
ed to visit Washington and present the |
memorial and bills thus prepared to the
proper committee Of congress and urgently
and vigorously press such measures in
behalf of ankton, as justice, to the tax
payers and the bond holders demands, in |
order to secure just and honorable
settlement Of the legally adjudicated
indebtedness of Yankton county.
The following action was also taken at |
\ Il L n
the legislative assembly and county com
nissioners were nominated, which nomi-
nations were ratified at the recent
November election
The following resolutions, presented by
John l.. Pennington, were adopted:
Resotved, That we the delegates to the |
Yankton county republican convention,
representing every precinct in the county,
heartily endorse the action taken at a
mass meeting Of citizens held this day
relative of the adjustment of the railroad
Indebtedness of Yankton county.
Resolued further, That we approve
and endorse the proposition to memorial
ize congress for aid in the liquidation Of
this railroad indebtedness, believing that
we have meritorious case and that the
congress of the United States should
extend such aid
Resolued further, That we utterly rep
udiate the charge of desire to repudiate
| any honest obligation and only ask at the