The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-18
!. Towns About
welIiagsou.

Welitageon
From the Daily Mail
The county commissioners are In spe-
ciai session today. They met Tor me
purpose Of. making arrangements for
payrus of SIC, 900 OF the county's bonds
issued TO the Santa Fee Railroad COM
pany.
AS is generally known, the law re-
quires that when these bonds have run
half their time or fifteen years. a sink
ing fund levy must be made by the
commissioners 10 create a fund with
which to nav these bonds at maturity.
The first levy OF this kind was made IN
1885 and must be continued each year
until all the bonds are paid on. Up 10
date the commissioner have succeeded
in taking Up and stopping interest upon
81 900 Of these bonds.
The law expressly prohibits the use Of
this fund in any manner except in TAX
ing I'D the county's bonds il they can
be secured. This fund has been accumu-
lating in the treasury and the county au-
thorities have been on the lookout for
bonds OF the county which they could
secure When Myron T. Herrick of
Cleveland, Ohio, was here some weeks
s-nce on a visit 20 his cousin, Judge j.
r Herrick, he said he thought his bank
owned some OF Sumner county's Santa
Fe bonds and that, unless they had paid
a premium for them, they would sur
render them for their face and accrued
interest. After his return TO Cleveland,
Commissioner Espy wrote him and re-
ceived an answer stating that his oank
owned $50. 600 Of the bonds and that the
county could take $4,000 TO $4,000 OF
Them al par and accrued interest. Hence
the meeting today.
The commissioners decided TO redeem
$4,000 Of the bonds To do so. they will
have to borrow about 81 600 from some
Of the other funds than the sinking fund
But by taking up these bonds now they
will save per cent interest on 100000
for thirteen years or total OF s15,6oo.
There is plenty Of money in other funds
that is not needed now, and will not be,
until after enough sinking fund money
can DO collected 20 replace the money
borrowed from these funds
The draf. for the amount OF these
viii De sent tomorrow and thus Sumner
county will be placed $780, coo nearer out
Of debt.
]. y. Short Of Santa re, Haskell coun-
~, Is in the city. He has purchased the
J. ". Porter farm in the northeast cor
ner OF Wellington township for $4,000 1t
is one OF the very best farms in Sumner
county and is a great bargain at that
figure. Mr.. Short will move onto the
farm
John II. Porter was over from Oxford
today and informed US that he has all
arrangements completed for fling a
suit tomorrow to contest the election Of
George ]. Hess as mayor Of Oxford at
the late city election. Cleo D. Brunette
is his attorney, while he informs US that
Hon James Lawrence will look after
Hess defense
A very excellent clue has been obtain
I'd as to the identity Of the burglars who
entered the Foultz and Hitchcock stores
at Belle Plaine. Friday night
The Belle Plaine lodge OF the o. E. S.
has some special work on hand for
Wednesday night and the lodges from
Wellington. Oxford and MuIvane have
been invited.
The county commissioners have taken
under consideration a proposition made
them BY the county commissioners If
CONVEY county for the two counties 70
offer rewards for wolf, cayose and lack
rcbbit scalps.