Year: 1870

holder in the Corporation, il has the rights


and privileges of all other stockholders, and


is subject to the liabilities Of all other
stockholders, AND NO MORE. At the time
of subscribing stock, the County pays into
the treasury of the Corporation precisely
the same percentage that any other stock
holder is bound to pay, AND NO MORE.
When an assessment is made upon ALL the
stock the County pays its assessment
like all the other stockholders AND NO MORE
Persons who urge such puerile objections
only show, that they arc either ignorant of
the provisions of the bill. or else willfully
misrepresent matters for their own sinister
purposes.


However, when we reflect that all the
other stockholders, Corcoran, Riggs, Stin-
son, Cass, Bright, Scott, are large property
holders in this place, that they pay very
large proportion of all the taxes levied in
this County, that not only are they paying
up their own assessments upon the stock in
that Corporation, but are in addition there
to compelled to pay their full proportion of
these very bonds and the interest thereon,
while the benefit and advantages of the
road will not 60 to them any more than any
other payer and resident in this county,
in proportion to the property owned by
them respectively, then the proposition that
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county loses much of its seeming hardship.
But no such proposition is made by the
BILL All the other stockholders must pay
every assessment upon every share Of their
stock as fast as the County Of Douglas
paws its assessments. The county stands
merely on the same footing as any other
stockholder.


Why then this opposition, if it be con-
ceded that the advantages TO be derived
from the construction Of that road, will JUS
tify the county to issue the bonds. AS We
said before, the bonds must be sold for
cash or else remain in the hands of the
County Board of Supervisors. The con-



Railroad is the only thing that will make
those bonds valuable. Nobody will pur-
chase those bonds and pay the cash, ex-
cept the other stockholders of that Corpor-
alton, all largely interested in this county,
and themselves the heaviest taxpayers
therein; and they will not buy theE, unless
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the people of this county vote in favor of
issuing the bonds, and it is not the intcn-
ton of the present stockholders and owners
of that corporation to proceed with the
construction of that enterprise, they GER
tainly will not invest their money in the
purchase of Douglas County bonds at
eighty cents on the dollar to any very dan.
cerous amount. The bonds in that case
will remain unsold in the hands of the
County authorities, and the people will not
sustain any loss. On the other hand should
the bonds be sold at the minimum rate
fixed by the act, then it is certain pledge
that the purchasers will forthwith proceed
to make their purchase valuable and pro-
ductivc, and as that can only be done by
the construction of the State Line Railroad,
it secures the building of that line at the
earliest practicable time, for the owner of
those bonds would unite his votes with the
votes of Douglas County, and push the
road to completion.


We are unable to perceive, how Douglas
County can possibly lose by issuing the
bonds, but know that the building of that
road will be an ample equivalent and ad
vantage to every voter and taxpayer.
Hence we are decidedly i'll favor of the
BOND BILL.