Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-08-11

corruption with respect TO the bonds issued N
behalf o. tha southwest branch Of the Pacific
railroad is equally discreGitable 10 the party
then Il power
The company having made default il the pay
--o=t O. interest due July l. I,ci. OF the z.50
90 o. bonds issued II lis all AZ act vas passed
AMI approved by Gov Fis..Ee-, February r.
Is56. providing that its property be sold by
commissioners 70 be appointed by the govern
or This was accordingly done May IL, 1885,
10 Gen John C Fremont for Il -3D.Jsa. con-
Girio1 that the road be extended TO the western
boundary % the st1te- as was intended to be
done when Jh7 road was projected within fEe
years Tia requirement was unneeesSa arg. IS
il vas plainly seen that such an extension
would MAZE TIE road one OF the most valuable
lines in the west
By the terms Of the art one-fourfa OF the pur
Chase money was 20 be paid On The pertec.ics
Of the sale and Ths balance II i've annual in
ssalImelts- II June 1850 s3es.0JJ IN boais and
Coupons were accordingly PAID q -ae state
but dafault being made II tEe payment Of the
annual iaStaInents Gov Fletcher 5oE posses
sion o. ths ro2 an appointed Gen Clinton q
Fisk 20 operate i An act was passed and ap-
proved b. Coz Fletcher March L. l>6s the
first section Of which declared the propertF
forfeited 10 the stale Dr. reason Of Gen Ere
mons default AMI vested the title il the state:
and the second section Of with granted this
railroad ana al is frllchiseS. a. free gift to
4 c kingiani & Co. Gen John Is Gra~. Gen
road sbould De EXTENDED 70 IEe we~te-a bour-
dairy Is Gen John { Fremont had agreed 10 do
when he BID 81. po0-9 Tor The pcopzrI=- As a
free gift. and Jet MAJ Warc"r SAYS, 'fhe roads
were sold II opea market He should have
said My friend and patron Gov Fletcher.
vas very liberal man and il a moment Of I'M
ptllSIve generosity he gave Away 20 few OF his
friends little railroad OF which the state had
4 lien OF It. 5931:J~ That would have been
closer 10 the ruth than what he chose 70 delib-
eratel7 say
The state had first lien upon this property
10 secure the payment OF this Indebtedness:
Six per cent bonds $50 Cot
SeTen Per cent bonds. l1-o0]
Natured interest 70 date Of giff----.-- ?, .
Total .....-. ~.
OF this vast sum the state realized only The
15.hj0 paid b. Gen Fremont thus losing So
1e,,770 which TIE taxpayers Of Missouri have
been compelled u pay This property. now
known as the ST Louis j san Francesca rail-
way. with its land grant Of I.94 0)J acres, then
very va-ua ole was by the ac- O March l.. 1s6S
given away 10 the leading republicans named.
OF 1he sole condition that they would cor plete
+ Il 70 the point proposed oy The original compa
~. when Slcl completion vas essential &c
making he road 4 Ta.uab-e a2d relua=rative
r sPe-ty
L has been shown that the republicans
abafeI more than o2e-ila.f o tie states claim
against tie railroad company a. cast 10 he
cOrlp2nE Of sts2 10 TO enable Us u 20 before
the pa-tE inl0rs q by E2en aiGl i. the faith
bl1T The record leaves the people - ctUre
wla- arg I-nertS must have been U<ed 10 induce
. the republican house. senate and governor tc
give AVA. as r. git. valuable property or
which he state held first lien 10 the amount
Of S5523,7.J,
The North Missouri sold For $500. 900
The state rad n len amounting 70 -6sta.0G
+ OF the North Missouri 1ow tae Wabash and