Arizona republican., 1898-10-29

and are hereby eclaf be valid legal the for which they were issued and ned and all bonds authority of the legislature of said errtef hrenbefore thorized be funded hereby eofrme approved and vad eed and may be funded this iet provided until January first eighteen hundred and lineyeTen: Provided that notnns this Act shall be construed make tie government of the United States liable responsible for the payment of of said bon other evidences of indebtedness by this Act approved confirmed made ad and authorized be funded
 Approved. June $, 1896.
 This bill introduced and passed through the br Perkins California (Repubcan) assisted by Senator White of California (Democat who was member of the com of tie senate and who interested himself
 thoroughly in the The bill introduced in the house by Congressman Hlbo of California, and reported from the committee by Congressman Harris of Oho both Re publcan called mp by Delegate N O. Murphy sepub- can passed under suspension of the rules after brief deate without opposilion tVotrds vote being required Congress Loud and bom of California called on President Cleveland requested him sign the b and later Senators White and Perkins called him for the purpose and Senator hle read Mr. Cleveland the memorial of the Eighteenth Legislature of California because they believed the measure be right and and because their constituents owned terri orial bonds which had been exchanged TOT ancoE county os
 issued to the Maricola Phoenix railway company and they feared repudaon-
 way in his power which he dccs not adny
 Because it was RIGHT thai the bill should be passed be his in lavaa county had promised the pur caer of the bonds their best efforts to see that the bonds paid because they had petioned the territorial legislature and the egae had memorialized congress to pass and Rcpubcanf alike ishonong their obligations. strengthened the territorial credit because Arizona will admitted staeif repudaon encouraged because Yavap unty had recognized the debt by paying interest upon lit f, years: because Yayapai county had accepted from cocsa untTs large money derived from the sale of C. lnty bonds payment of Coconinois proportion of
 had used a large part of that money in paying off cia'is oEtion of bonds, the balance of which evil
 persons irving r.udatc because 1avapa county had by redemption and funding, o its own noo fully accepted liability for quarter of the total issue of these bonds because of the territory demanded that this indebtedness be recognized and paid
 And here let and every upright citizen of Arizona believes justice and honorable dealing take notice, Nl TIER FRANk II: MURPHY NOR \ O MURPHY lI OWN ,,H \ DoLLARs WORTH OF YAy,aPM COUNTY @ BONDS 1 THEY E, DIRECTLY OWNED A DO1LAR's WORTH OF THESE BONDS AND THE STATEMENTS THAT HAVE BEEN REPEATEDLY MADE BY DEMOCRATIC SPEAKERS, AND BY DEMOCRATIC PAPERS, THAT F. M MURPHY HAD PURCHASED THE BONDS AT X NOMINAL PRICE, AND lTHRoUGH CONGRESS- BECAUSE OF HIS BROTHERS OR HIS OWN FINANCIAL INTEREST IN THE BONDS ARE iMMICIOUSIY AND CRIMINALIY FALSE: AND IF THE PERSONS WHO ]IAVF. BEEN CIRCULATING THESE VILE ISLANDERS DO NOT KNOW TT, THEIR IGNORANCE IS HAVE EARNED THE CONTEMPT OF EVERY HONEST CITzEN and they have not helped the Democratic party Wifi reputable and honorable Democrats defend such vicious methods will they repudae the faseoods of some of their woudbc leaders?
 passage the curative Act of Congress of June 6t and in April 1s9 the owners of two hundred and three ot the Yavapa bonds appeared before the loan commission of the terri ftoy which Governor B. J. Franklin chairan and Chas M Bruce and C. P Lech members and applied to have their bonds funded territorial per bonds and refused the ground that the board of supervisors of 1aEa county had not made application to the loan commission III accordance with law have the bonds undd and for the further that the Yaapa bonds of like character the Pima county bons had declared illegal by the Supreme Court of the United States the of Lewis Pima county
 The ignored the Act of Congress of June G. 1896 Notwithstanding the previous applications of 1avapai county made the loan in March and August 1892 the board of supervisors of that June G. 1s96 passed resolution requesting the loan take action wards funding the bonds in question: and again August 6h s96 the board of supervisors passed another resolution revng annung thes resolution of March 9h 1892 but took upon the application of August 22 1892 On November 18th the board passed resolution making demand upon the loan commission fund the bonds, and subsequently, i'll December reversed themselves again
 September 1s9 the loan commission, consisting of Mvron H. Acord and Secretary Charles H. Aker, Auditor C. F. Icc absent) funded 2o3 o the bonds, with cred interest," amounting $26051 per territorial bonds; and from the of the meeting at which these bonds were funded the following extract Is taken
 And whereas appears the said loan that the 18th day November 1S96 the board of supervisors of the county of 1svapai reported the said loan of the bonded and outstanding indebtedness wit the above described bons and teeupon made official de nand said loan that said bonds be funded corance w tIe Funding Act of the Territory of Arizona