The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1885-03-14
EFFORTs TO BULL COUNTY SCRIP.

Aegislataon in the Interest Of q Few al
the Expense Of Many The Cover.
nOr's VetO-A Final Effort TO Secure
the End Desired.
AS far back as the time of holding
the late party conventions in this
county, it was we'll understood in
certain quarters that a determined
effort would be made by the holders
OF White Pine county scrip to use
every endeavor with the incoming
Legislature to have it bonded and
placed on an interest paying basis.
80 opposed were our people TO any
such scheme that one Of the party
conventions lthe Democratic) re-
solved against any legislation looking
to the bonding OF our floating indebt-
edness. The Republican, though ST.
lent ia their platform, we equally ad-
veerse TO the designs OF the scrip
holders. This general opposition OF
the people left them no show 10 push
their claims in that direction. But
they were not discouraged and put
their fertile brains To work To devise
new schemes TO accomplish their pur-
pose. On the 18th OF January Mr..
Llddle introduced Assembly Bill No.
ii published in the NEwssl'eb. 7thl,
IAN Act 10 amended an Act, entitled
IAN Act 10 provide for the payment
OF certain Indebtedness, ACQUIRED and
To accrue OF " ite Pine county,
approved Feb. 20, 1872
The pro, l>ions of The bill, briefly
stated, were That bids for tho re-
demption of county scrip "being
equal, preference shall be given 10
priority oi date of allowance and TO
the smallest amount, based upon a
syste IN Of allowing tive per cent. per
ahnum upon The par value OF certili-
Gales, which shall he calculated by
the County Auditor, the time com
mencIng with the date OF issuance OF
certificates and including the date OF
the advertised day Tor opening said
bids. That shall be deemed che low
est bid which offers the largest
amour OF certificates for the least
amount OF moneys, after deducting
the foregoing preferences. The bids
anu amounts OF certificates being
equal, each shall be accepted anu
paid pro rata, a. nearly as possible -
Senate Bill No. l02 mas substitute
for the above, and did not materially
dliler from IL. Its i've per cent. al
IowaIce ON the oldest Warrants was
TOO high rate. and that l. the rea-
sou Governor Adams gives for Veto.
ing IL. The nessage says
The oldest of th so war
rants were Issued twelve years ago. and |
supposs mors or Loss 81 them have ben a.
s1ed syefy year sine IN
uudcr ths present las all these warrants,
OF whatever ddsc. have bsfn treated RfiAe as
TO their right Oi fedenpl TO-. ihe cvDsc-
quence u that thew have been worth aboat
the sHnie 10 open mifRei.
Nov the above bill comes and provides
that the county. Ia Ie,i-omiag tho floating
debt. shall allow n bonus oil five per cent. per
year on AL tho warrants.
Hence n warrant twelve years old. is worth
Sky per cent. more THAN n warrant just
issued. Tho manifest injustice OF this bill is
very apparent
By "a simrl. Act Of the Legislature property
worth in open markoi bat ioriy cents l. made
worth 81, aud his nj the expense Of the TAX
payers. party who was shrewd enough 10
anticipate such legislation "a this, eolld by
by the Investment y. ii realize 81 81 Ia few
months.
l cannot give my approval TO such bill.
J. ". ADAMS. Governor
Bnt, nothing daunted, here comes
tho stockholders with more objec-
lionahls mea> sure than that vetoed by
the Governor
Assembly Bill No. 40.
An Act Relating to County Certificates
OF Indebtedness or Warrants. In
trodured 10y Mr.. Li,llle.
The People OF the State Of Nevada,
represented In Senate aud Assem-
bly,, do enact as follows:
SECTION l. Warrants or certificates
of Indebtedness by County Auditors.
as such, shall be paid in the order in
which they are issued; provided, that
when any county warrant or certif-
cate OF Indebtedness shall not be pre-
scented for payment within six months
after notice shall have been given
that said warrant or certificate is pay
able, the money held Tor payIn' mt OF
such warrant shall he paid out aS
other county funds but whenever
any warrant rs aforesaid shall there
after he presented. the same shall be
deemed then due and payable; and,
provided further, that nothing in this
Act shall be- so construed rs TO pre-
vent the transfer of money from one
county fund to another AS provided
by law.
.. a All nto aud narfa nf A els