Arizona silver belt., 1884-07-26


COMMUNICATED.
Ed. AmzoSA ssLvrp Bklr. On the
18th inst. tabplated statement Of
Pima eoantys total indebtedness APP
peared in the Arizona Citizen as fol-
lows:
County warrants outstanding sloleo0
Court house bonds ................-. 1900
Narrow Gauge bonds ......... 590m
Port Lobos Z. r. bonds. .......-... 5000e
Total. ........... ............ .S2760oo
The Arizona Mining Index, Of the
10Th, in an article headed In Error,
insinuates that parties interested in
county bonds have wilfnlly missassed
the actual Indebtedness Of the county
for some sinister motives Of their
own The Index states it as follows:
Warrants ..........................sl0 i 600
Narrow Gauge bonds ......... 20l.000
Port I.obos r. R.....ss.......-.... 2go00O
School house ............. $1,000
Court house .............. 1900
Total ............. ............ $4,000
Now as the Index so far as war
rants and court house bonds. has the
same figures as tao Citizen. I shall
leave them out Of the controversy.
As IA the Narrow Canoe bonds If
which there seems to Be a difference
between the Citizen and Index state
ments Of Sl50.000. ifsny friends Of the
Index viii refer to tie law author
i1ing the Board Of Supervisors to Issue
said bonds to The Narrow Gauge (acts
and resolutions 1883, p. 62) they viii
find in sec. 2 Of said act, thatth treas.
urer is only authorized to issue to The
corporation City thousand dollars at
first, and that only upon the corpora
ton making a deed If trust Of all their
property to tive trustees, and depos-
iting a Ike amount Of bonds Of the
corporation, bearing a ike interest.
with the County Treasurer. There
after they eaa get no more bonds an.
I'll Ave miles shall have been graded,
laid with ties and iron, aud upon proof
thereof aud depositing again liks
amount Of corporation bonds. bearing
ike interest IS the treasurer author
lied to issue $4,000 mere Of the
county bonds. As the Narrow Gauge
people acknowledge themselves unable
to proceed further with the coustruc-
ton Of said road. and have voluntarily
offered to surrender the first fifty
thousand given them by the county.
upon the cognty reimbarsiug them
Tor some outlay there is no doubt the
hundred and City thousand more viii
never he issued.
As to the Port Loaos r. h. bonds.
they seem to have been issued under
an ~Act authorizing tie Hoard Of SUI
Of Pima county toyledge the /
credit Of the county to assist public /
enterprise, (see acts and resolutions /
1888, p. l75l. Section Of that aei
makes it the duty Of the Board az the /
time Of granting the bonds, to exact
'.fToS6as ttde corporation person Or com
pany about IL receive said AID, such /
guarantee for tue faithful carrying
oat Of the said enterprise within such
reasonable tine as they Che Beard /
shall deem proper. The Bo1rd did
exact a guarantee from the corpora
ion in the shape Of a bond, wbe1 they /
issued The first fifty thclsand oil eoun-
y bonds. said 6ond IS signed by
'ome very responsible citizens Of Pima
county who are now stared out Of
heir wits Tor fear Of having to repay
he value Of bonds issued by the county
o the Port Lobos corporation which,
ana informed, has collapsed Prom
his it would seem the county viii
ave to issue no more bonds to Port
.obos Railroad, and are even secured
or the fifty thousand counted in the
dtizen as a liability.
As to the thiviy-seyen thousand Of
chool bonds which the Index sets
lowu as liability against lbe county
{ they wili only examine the statute
authorizing the issuance Of forty
thousand dollars Of school bonds, they
viii find that il is an obligation Of
chool district No. I Of Pima county,
nd not Of the county At large.
From the above it would seem that
he Index is in error and not The
'itizen. Truly yours,
d. HESpERsov.
aa-~s-aes--e-s.nnaa