The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1914-01-29
PRINCETON UNION: THURSDAY, j ANUARY 90 1919

J, 1914.
] Greenbush township, September /,
4 1915. The town in the mean
] time would have to . paw
this interest semi-annually. The
Repositories for the bonds are
scattered from the Canadian boup-
Diary to the Anoka county line. Sup
1 posing any one of these repositories
failed and went out of business?
What assurance has the town that
IL would be reimbursed for the
money paid in interest 8 if the rail-
road was not built? If Mr.. Wiley
and his associates mean business and
are acting in good faith one RESPONSE
BILE depository would have been des-
ignated for all the bonds. There
are other reasons that might be emu
merated why it is unwise for towns
to issue bonds on wildcat PROPOSE
tion.
If Mr.. Wiley is acting. in good
faith and he believes it is proper and
legal for township to issue it's
bonds to private individual to, aid
in the construction Of a railroad, he
has a fine opportunity to prove it:
The town of Greenbush, Mile Laos
county, voted SIS, 1000 in bonds to aid
in the construction of his railroad bv
a majority Of two to one; the town
officers, acting on an opinion given
by the attorney generals office, re-
fuse to issue the bonds. Now let
Mr.. Wiley mandamus the town
officers of Greenbush and compel them
to issue the bonds. Will Mr.. Wiley
do it? Dare he do it? If he does
he knows full well, if he is man of
ordinary intelligence, that the court
will hold that his proposition was
illegal and void. If he does not in
stitute proceedings it will prove con-
clusively that he does not. expect. to
ever earn the bonds, and that he in
tends to use the bonds as basis for
selling the stock of his proposed rail-
road with the high-sounding title
of ''The Hudson Bay and Mexican
Gulf Air Line!'' ~.. T..
The Union warned it's readers
several years ago not to invest a
dollar in the proposed arrow electric
line between Duluth and the Twin
Cities, This swindling proposition
was extensively advertised in rep
utable St. Paul, Minneapolis and
Duluth newspapers Thousands of
poor people Invested in the Worthless
stock. The publisher of the Union
received many letters from. friends
in Pine and Chisago counties up
braiding him because the Union ad-
,vised it's readers not to invest. Since
then scores Of people have Informed
us that they wish they had needed
the Unions advice That electric
line has not been built few miles
of sand were piled up in spots to as
sist in selling stock. III
In all probability in the near future
a stock-selling campaign will be-, in
augurated and Mr.. Wiley will issue
a glowing prospectus, printed in sew
eral colors, setting forth the i'm
mense profits to be made by invest
ing in the stock of 'sThe Hudson
Bay and Mexican Gulf Air Line,"
for which the towns along one Sec
tion of the route in Minnesota have
voted aid to the extent of 5000, 1000
or perhaps 81, 900, OOO-alI of which
goes to the stockholders To help
along the sale of stock a hasty and
inexpensive survey may be made and,
! it is barely possible that few men
and teams may be put to work scrap
ing few heaps Of sand together
where the scraping is easy .s.$I . s5t1
The Unions sole object oin calling
attention to this chimerical railroad
of Mr.. Wiley's is to warn it's readers.
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