Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1885-06-27

the work was we'll executed. The
company has the sympathy of every
body in its loss.
THE TOWNSHIP BOND QUESTION.
The election on the question of com.
the bonds of Lexington
township will take place next Tuesday.
No more important financial question
could present itself to the people. II
is of infinitely more moment to the
people of this township than is any
question of state or national finance.
We are justified, therefore, in saying
to every taxpayer of Lexington town.
ship, that it is his solemn and bounden
duty as a good and conscientious citi-
zen to go to the polls next Tuesday and
vote upon this question.
We have already several times stated
as opinion that the people should
vote in favor of the proposed compro-
mise, and we shall endeavor, briefly.
to point out few reasons for our be-
lief.
If a man has a case in court and he
has an attorney in whom he has conf
when that attorney finally tells
him, 81 have exhausted all legal RENE
dies in your behalf; your opponent,
however, is willing to compromise the
case at issue, and this is your golden
opportunity" what should he dol
the p~roneness of lawyers to
rather than compromise, he
would at once say, "My attorney is
honest here. He might make addi-
tional fees, but he tells me to settle.
He is in the best position to under.
stand the legal status of the case. ]
will follow his advice" That is our
exactly. Mr.. Blackwell says
that all legal remedies are exhausted.
He points out that a failure to accept
the terms offered will put US in a worse
position than we have ever occupied
because the court will be arrayed
us, when heretofore it has been
for us. Beside, it is a fact beyond
dispute that the people themselves are
so divided upon the question of resist
ance, that it can no longer be success
fully maintained. This condition has
been growing for some time, and
has embarrassed the officers of the
than the people them
selves realize.
1t is foreign to the situation to talk
of the injustice Of the bonds. The
principle of compromise has been ad.
mitted by the action of the people
and the question now is
only one between two rates of compro.
mise. One rate, insisted on, fails to
secure the compromise, the other OBJ
it at once and settles the whole
question. Is the cessation of litiga.
ton, its expense and uncertainty, its
upon prosperity, worth the differ
ence involved? We unhesitatingly
say that it is, twice over
The Lexington township uncom-
promised debt, as it stands, is $267 900.
Compromised at 60 cents, the average
that will be required to be paid
under the proposed compromise, the
entire debt, including the s39, 4OC
compromised, will be $780,.
600. The difference between the two
sums is, $67 400, quite a large amount
of money to save in a settlement. That
the total is SO great is largely due to
the fact that we have not reached q
settlement before. Ten per cent. in
interest, eating, eating, night and day
is a terrible thing when it is allowed
to run OF unchecked. The difference
between the two compromises is $40.
900. Should such a sum prevent a set
Element, especially when, as in the
present proposition. all the bonds are
offered, and a settlement means a set.
Element? The fact that all the bonds
are presented is the strongest argu.
ment in favor of the pending PROPOSE
ton.
How hard will it be to pay the
interest on the new debt? There are
many ways in which the county court
when with the people, can lessen the
burden. And it may not be amiss here
say, that the county court, the coun.
ty clerk and other county officers, have
stood by the people throughout this
contest faithfully and intelligently
They will continue to do so. On the
assessed valuation of Lexington town.
$2,250,000, 55 cents on the hun.
.red dollars will more than paw the
$4,000 annual interest, and if the
county court will apply the Sc, GOO
which it collects from dram shops in
towship to the payment OF
townships bonded debt, a
of 25 cents On the hundred dollars
amply suffice to pay the remain
der. The court can do this if it will.
and it would only be just to Lexing-
ton township to let this revenue, raised
her borders, go to this purpose.
If this plan is not adopted there are
others, and we feel satisfied the county
court will do its best to enable the bur-
den to be borne as lightly as possible,
and we are confident that once settled
the court will cause the principal to
melt away more rapidly than the Eco
pie can now realize as possible.
No one act OF the people CO uld do SO