The herald-advance. (Milbank, S.D.) 1890-1922, 1906-02-09
FAVORED BONDING.
Vote Was 27j For And AZ
Against Bonding Grant
County Telephone
Company.

Against Bonding Grant
County Telephone
Company.
The meeting of the stockhold-
ers of the Grant County Tele-
phone company last Saturday
was an interesting one from all
sides. To bond or not to bond
was the question discussed by
all, even on the streets before
the meeting. Some favored
bonding because the holders Oft the
bonds could have no say regard.
ing the business affairs of the
company. Others did not care
articularly to see the company
float the bonds as they were
afraid of some other company
getting the bonds. They were
not, SO some said, able individu-
ally to raise the money we're the
sale of more stock the method
used, and it would cause a mum.
ber of them considerable hard.
ship to raise the money. An
other member arose and said he
would hate like everything to
have the, public at large think
that the farmers of Grant coun-
ty were bankrupts as the aboye
talk would be apt to lead them to
believe. And still another mem-
Der remarked that he was plant
ing shade trees and although he
did not expect to live to derive
much of any benefit from them,
others would get the benefit. He
thought that was about the way
with the proposition then before
them. However it went, some
one else would get the benefit.
r. E. Jones of Revillo, was
present. He opposed bonding
the company and thought the
proper way to do, as did nearly
all of the stockholders in and
about Revillo, was to issue more
stock and have the mbers
purchase it, thus confining it's
sale to it's present mem bers.
G. S. Amsden gave the stock
holders Of the company a good
talk. He said that whichever
way it was voted 1T should be the
right way. Those whose ideas
were defeated should join in with
the victorious side and stilltcOn-
tinue to boost the thing along TO
success. No personal feelings
should be carried out in the mat
ter after the vote was counted.
Harmony should rule.
g. K. Mogan of Blooming
Valley wanted to see the ques-
ton settled right which eyer
way that was. He did not favor
bonds but if that vote prevailed
he would do all he could to help
make the rural telephone pro-
ject to better success than ev :
er. He did not see as one man
did who favored bonding, who
said that if bonds were issued
the company would be more in
dependent than ever. Mr..
Mogan had always been taught
that the man indebted to anyone
was less independent than the
one who owed no one a dollar.
And experience had taught a
great many people the same
thing. He could not see then,
if the Grant County Telephone
company owed 5000 in bonds
or any other amount how they
could be more Independent than
they would be if they raised this
money among themselves. That
was new thing to him.
After some further discussion
the matter was brought to a vote
with the result above noted, 275
votes in favor Of issuing the
bonds and A. against.
1t was quite late before the
meeting was called to order at
the opera house on account of the
m Getting being called at the
courthouse and there had to be a
certain mum Der present at the
latter place before they could
legally adjourn to the opera
| house,