The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-09-25

NAVE WE REPUDIATEDp
A number OF the business men OF
Crystal Falls have been IN receipt o.
letters sent out by \. W Harris & Co,
the Boston bankers, asking II the county
Of Iron had repudinied its debt. 1he
letter goes on TO state that Harris "
Co. are the holders Of the interest
coupons on the county bonds for 1879
and 1896, payment OF which il long past
due. That they have repeatedly written
10 the county officers asking for pay
ment Of this interest and have not even
been given the courtesy Of a reply For
that reason it occurred TO them that
perhaps the county bad ropudiated.
A reporter for The DIAMOND DRILL
called upon County Treasurer Fisher
Tuesday morning TO find out the facts
in regard 10 the letters which these
parties claim TO have written TO him,
and found him busy answering a. letter
from the Lamp echt Bros, OF New York,
who had also received letter from the
Boston parties. The Lamprccht Bros.
are the men who placed all the Iron
county bonds, and the letters from
Harris q Co. were great surprise to
them.
The treasurer says that he gets 40
many letters from parties asking about
orders, etc, that it is impossible to
answer all OF them but could not say AZ
TO the Harris * Co. letters.
When asked as Co the cause OF these
coupons not being paid Mr.. Fisher
replied that there il no money turned IN
by the township treasurers TO poy the
coupons with; that all OF the county
tax paid 10 the township treasurers, II
paid in orders and that the county
board does not raise sufficient tax to
meet the county obligations.
Whatever truth there is in the state
monts Of tho county treasurer The DiA-
MoND DRlLL is not in position TO say
but 1t does say and snys IT emphatically,
that the neglecting OF interest payments
by the officers ui this county should be
looked into and the thing stopped. The
time Is not 80 very far distant when
Iron county will want To refund those
bonds. What chances will we ever have
To refund, II the purchasers have TO Fight
every time that the interest IL due in
order 10 got it2 We doubt II twenty-five
per cent. could be realized on the county
bonds today II they were up for sale,
and all because Of the manipulating OF
the finances Of this county and the town
ships thereof by those in position To do
so. The blame for this condition OF
affairs cant bo saddled upon any one
man, as long ~ the Others in power
countenance any such work The idea
OF shislding this man or that mun be.
cause he Is a good fellow, and letting the
public affairs OF this county go 10 the
dogs, has been curse 10 the people OF
Iron county In the past and II IL high
time that some one took up the cause OF
tlle public. The county board has done
we'll la the past few years. The affairs
of the county, IA FAR rs outstanding
liabilities are concerned are all right.
There is no reason why this county
can't meet "a miserable little interest
payment, and Il is the duty OF the
officers Co see that such payments are
met. The DIAMOND DRILL docs not take
UP these matters through any personal
motives. The county officers and the
township officers are all our friends and
the only motive behind these articles
Is the common welfare. Having started
10 to look things up we propose TO probe