Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1894-11-01

without any option TO pay sooner, the tax
payers would have been saved the paym eL {
of $l72J0 unnecessary interest for the reason
that if these bonds had been so issued. the
total cost to the people would have been
but $35250 instead of S52JO0; difference OF
Sl72j0. On the 1st day of July, 1880, the
$4,000 6per cent. bonds we're called in and
rebonded at 4 per cent. at cost TO the
county of over 5000 to take q the old bonds
payable in New York city and replace the
new bonds which are payable at the Treas
urer's office, Napoleon, Ohio, as they should
be. If these bonds bad been issued to be
paid in installments of $1,000 each year at
8 per cent. for ten yeats as they should have
been instead of for fifteen years, or redeem
able at the end OF ten years from date of
Issue. at the pleasure of the county, the tax
payers would have been saved the payment
of $l2500 useless interest for the reason that
if these bonds are paid in accordance with
the law governing their issue aud payment,
$4,000 il terest would have to be paid before
one dollar of principal could be paid, and to
redeem these bonds at the end of ten years,
in accord with the law governing their issue,
the sinking fund would have TO have at that
time for the payment of these lO0 bonds
alone the vast sum of 100000 which would
be very unsafe accumulation of money.
The Commissioners therefore intend to con-
tinue the payment o. this bonded debt as
nearly in accord with the installment plan
of payment as possible and use all money
available for that purpose as soon as COL
| lected and for this reason alone Levi King
deserves the support of every Democrat in
the county as his name is on the first five
county bonds issued on the installment plan
Jan. 1st, 1893, and paid Jan. 1st, 1894. The
| time has come 10 Henry county that every
tax payer should wake up and support men
who favor the speedy payment of the bonded
debt with the least amount of money pos
sible to pay the debt honorably and Levi
King is pledged to the speedy payment of
this debt and before conclude must say to
you that in all the So counties in Ohio there
is not one candidate in any party asking
the eupport of the people for the Office of
Sheriff better fitted for that important Office
than the candidate on the Democratic ticket,
Thomas Burns, and every Democrat should
vote and work for him. He has been Mar
shal of Napoleon for nearly seven years, and
there is not a better governed city in Ohio
than Napoleon, and it has never cost the
city one penny for any unlawful arrest made
or for any neglect of duty or mistake of any
kind made by him. He has always captured
the right man without delay and is emf
nently fitted for the Office to which he as.
pires and when elected aud installed he will
guard the interests of the citizens of Henry
couuly ldltHluIly anu III Lne INTEREST Vi every
tax payer in the county,
And now, fellow citizens, after thanking
you all for your attendance and kind atten-
tion, will say in conclusion that it affords
me great pleasure to be able to say to the
citizens of Henry county that the full pay
ment of the unbonded debt, and the judiciCus
management of the bonded debt in the early
payment of twenty five bonds of $1,000 each
since Jan. LIST, 1894, has resulted in saving
the tax payers from the payment of $9009. IS
interest and is the harbinger of relief and
conclusive evidence that the sum of deliver
ance from debthas risen and appeared above
the financial horizon in Henry county, and
in six more years from the 1st day of July
1895, will reaca the zenith, and the tax-pay-
ers of Henry county will be free from the
thraldom of debt and high taxation, and tc
the swift completion of this greatly to be
desired result, l. in this intelligent anC
,spectful presence do hereby pledge my
loyal, enthusiastic and unswerving support