THOSE WATER BONDS. TUG Kind ol terity Gales Easier Rail-a-MiHioa ol Stats Money. why- a fa?- A Five-Years' Attempt to Sell Them, and No Sale Yet. Where the $123,000 in the St. Jo Bank Went To. The Cry in St. Louis ta Pay No Moro Taxes. is is to ile he ;,p-peared ot or . sit-tin-; Uis-closeil of of inter-vais, his Boli-tnde. L.- tranla-tion the the tho Mme.Iiu-isnd'a da-(isni) It still appears to be tho general bcliaf that tho State Treasurer's best security for tho monev locked up in the Mi4in Rank is J.loO,-000 in hansas City Water v.orXs bonds. The Post has taken the trouble to examine fnrther into tne character ol lheo Mond-t, and it is evident that they are of but little Immediate value. They have absolutely no marketable worth, and the Treasnrer eoujd not to-day hypothecate the whole lot in his possession for J."o,0oo. A history of tlio Kan.-as City W iiter-works shows 1K.U D Al l. THK WAV THROrOH. The people of Kansas City vtry well understand the meaning oi this assertion. The most violent quarrel they ever bad wan concerning this very matter. To begin with, it appears that th National Water-works Company, of New York, by whom the works nt Kansas City were built, is a yery thin concern. A gentleman herein this city had occasion, a year or so ugo, to ro on to New Yorx to consult with tba oilieers of the company eoueornintj the Kansas Citv enterprise. The company professed to have its orSee ou Pino street in New York City, but it was discovered that they had no oCIeo there whatever, their only place of business b-iing desk-room in the third story of an old building on Broad street. This would lead to the conclusion that the New York end of the company is a very unpretentious alair. The Kansas City end of the company was organized in l-73, and immediately began operation. Au act was pasod through the Lf-jriilaturo is March, 187 1, prrastiuz the Nation.il YVater-works Company the privilege of making a confrae? with the City ot Kansas and such other privileges as were deemed nee, s.-.uy . On the '7tii of October ful'iou iti i ait ordinance passed the ('.minion Council oi the City ot Kansas, authorizing the National Water-works Company to proceed to construct the Kansas City V.'ater- worki. Immediately after tiio. passage of this ordinauco a if.:.t!N.i t-i" tht. WATi:n--.vonss rujtrivy was held, an.l the fo:lovi,iuy resoiutiou oifcred aad passed : ... 'iiv-z. Th.it J--0i,00 ) of the full paid stock of tbia company bo ifftied to John J. Mastin, H. M. Holden. Thomas II. Mastin and Amos Green for the payment for their service and money expeuiVd in seenrinw to this company the franchise for building the Kitaas City Water works. Oa tba SJ'i day of reeembei . 1p73, John J. Mastin was appointed linancial axa"t ot tho company, and Amos Green it alt irney. At the same met tiug a resolution wai passed aatiioriy.ing the is-SHing of $9o,ooi tirst mort jiafc'u bonds on tho actual and prospective property of the company. The mortgage was (f iveu to the Farmers' Loajv aud Trust Compr.ny of New York, and the bonds weie to run twenty years from date. Thera wcro oaly $:-OO.Ck0 of tboso bonds is-sned. Wby tha tull amount was no isued has never been entirely clear. An attempt was iiamediatei" made to negotiate the bonds, and at ono tiuis it was though they had all !x n sold in London at par sterling, but saQia'.hiag leaked out. and the London phonic let them drop la Cue ttvinkiing ol u e. Nov7 as to HUW TliK WORKS WF.itE Bl'M.T. Tiieir on'inni cost could not have been over !jtoi.uo, accotdins lo tie teti-mony of a competent engineer who made a thorough ex am mat ion ol thenv. Their present va'.us is not over $2.V.1,udO. The H'.ocO in b tads iepi senta at least twice the value of all tte property held by tho company, liy a reolut:c-n of the company itself it will bo seen that the Ma-dins, H. M. Holdou snu Amos Green were rec iiiipensed with $!?ou,oo0 in stock lor money and trouble expended iu ttie securinft of a franchise for the worl-ts. Tho money for building tho works came from the Mastin P,ank. John J. Mastin was tho Una acini naent. Now where did ttie m":iey come from with which tho works were built? It vrhl be held in mind that at the time this construe! i n ol these works commenced, the Miatiu Bunk beeaine the chief depository cf the State funds. It is not at all reasonable that these gentlemen went down into their private pockets for flo'j.Ortj to build tbo works with. In fact, they did not have t-oO,-00n for that purpose. The ir.o- t natural bi:p-posltiou in tho world i; that they era ployed the State money fir that p-rpose, depending on a sole of tlio bond with which to ret'irn the miaey. The bonds coiil J not ho sold, aud, consequently, when Mr. J. W. .Mercer tnrncd over the Sta'e Treas-iry to Gates, he could not v t the cash from the Mat-tin Batik cine, the Staie, and gave a check for J"-';', 000 instead. The Kansas City Water-works is. therefore, doubtless the hole into which nearly i:!i.i".OJO of State funds was sunk beyond hope of recovery. These Kansas City Water-works bonds nAVli M-.VKK KKSH SVLAHI.E. Every desperate attemvit po.siib!e has beon made to renlhcu em them. Douneil, Lawson & Co., of Nee. Y'ork, lmvo tried to sell them; tho Masthis have tried to sell them, and Mr. Gates may try to ocil them, but they wili not sell. They wera born in fraud and conceived iu iniipiity, and ara about as worthless a.s the paper upon which they are printed. They have been handed nronnd from bank to bank and from maa to man as a kind oi collateral security now for four years. The istato Treasurer has been duped in taking them as security lor tho half million of State money in tho Mastin Bank. The State Treasurer could do nothing with them, and the Mas-tine knew he could do nothing with them when they gave them to him. It was a very nice scheme to build tho works with the Stato funds, issue ?80o, 000 in paid up stock, divide it among lour, theu issue $300,000 in bonds and divide thwn among the auie four, and whon the State eomes alon and wants her money to any. ' You-take soma of the bonds and wc will keep the money." A SUIT. It may be Interesting to state in this connection that Mesnrs. Shickle, Harrison &C., of this city, hold a judgment against the Kansas City Water-works Company for the sum of 513,000, bal.ineo of a bill for water pire. Ihis i- a matter of record. 1'uder this judgment all tho real estate of the company in Kansas City has beon Httached, aud a fuit is now pending arising therefrom. A LITTLE V.OKE LIGHT. It now conies to the surface that the Masting havo swallowed op tdid ujore of tho t-t.ito moneys than the f Ml.r.00 Gates charges to them. As wns stated In the Post of yesterdav, it is now believed that Gates applied to the Bank of Ft. Joseph l,rth- SVJS.mio he had put in tbero to assist In paying tne July interest, and he was told the money could not be paid. It is more than probable that the money was not in the Bankot St. JoepU at all. Tbert is good author ity for saying that last April, when the Firsts a-tional Bank cf Kansas City -responded and a run began oa tht Mastin Bank, the Mastins dispatched to Burnes at St. Joseph to forward them forthwith a lot of State money with which to tide over. It was expected the Mas-tin Bank would go by the board next mornins, but things were fixed that night. Jim Burnes chartered a locomotive and pent down to the Mastins by a man good and trusty the needful funds. Tho next mornlnjf when banking hours arrived the Mastins sat smiling behind their counters and told the crowd to come on. And thus the bank tided over. Xow it Is further said that the money Colonel Burnes had so generously advanced was never returned and that it was this same $ 12, 000 with which tho Bank of St. Joseph is charged in Gates' July report. If this should be true, the Stato is out 564, 000 through the enterprising Mastm Hank, the Hank ol St. Joseph being responsi ble for $128,000 of that amount. If the Bank ot St. Joseph could not pay up on the 1st of Jnly, when can it Iay up? . It must be remembered that the same in-stitutiou has undertaken to shoulder $H00. 000 ot State money yet locked up in tho National Bank of the Stato of Missouri. A SMALL sritt. The news in tho Tost yesterday evening created a decided commotion auionar tho leading politicians, partieulany Democrats, of this city. Several distinguished gentlemen were at tho rianters' House, and among them Senator 1). II. Armstrong, who immediately telegraphed to the Governor. But the Governor was at that time ou his way tijthis city, and is at the Planters' House to-day. The prevailing sentiment everywhere e.vpressed last ni.ht was in favor of bavins a called session of the Legislature, and it is said a petitiou to that effect addressed to the Governor will be put in circulation immediately. Another opinioirRenerally concurred in, is that r.o more -state taa.es should bo paid until some assurance is given that the State funds will be protected. The State tivxes are not due till January 1st, 1 870 after tlmt there is a penalty of one per cent a month, tine prominent gentleman, at the Planters' iionse last evening openly declared that ho would not pay a dollar of State tax until he had some assuranco " that his money would not be stolen or put into a rotten bank. It is a matter of some astonishment that Mr. llosenblatt should bo ia such great hasto to make his remittances to the State Treasury. Once a month is as often as the law reauires collectors to settle with the E-tate Treasurer, but Mr. llosenblatt is sending up all tfce money he can get once a week. HOIlJi On TELEGRAMS C05DZNSED. Severe rain storm in Iowa. Chester, III., quarantining The Austrian oc upy rcrsv?yo-The Bosnia us repulsed at Pobcj. Five deaths in Memphis ; 13 cases, f lardy nominated ut Sie. Genevieve. A pair of elopurs corraled at Virginia, III. Uorse-thiOTCs troublesome around Danville, 111. Sanitary measures being fallen at cpringfie! J, 111. Four children drotrr.ed at Michigan City, Ind. Mexican veterans rennite at Gaiesbnrpr, Illinois. Forty one deaths and lS cajes at New Or loan-. Five iilicit di.-tilleries destroyed ct Nashville, Tenn. Wm. K. Sbeppard killed by cars at Xewbnrg, W. Vs. J. R. Gray and son arrested at Leavenworth for fir.'oa. A do m'ikes a meal off a trump uear Little rock. Ark. Patrolman Thos. J. Seehorn murdered in Qutncy, III. ( has. Biker kills his w ife and suicides, at Dallas, Tex. Liiiiktninit fri-ikiug aionad in the vicinity of MftustMld, III. Uic'uard fnaimoa murders Mrs. Ella Bice at Waterior.l, X. Y. Kichard Tomer and chil l burned to death nearWas-'ca, Mich. M. O'Hie. pawn broker, of fna Francisco, murdered and robbed. Alexander Fre4and fatally stabbed by P. R. r.ronnan in Decatur, 111. Wm. T. Van Zandt, wealthy New York merchant, accused of aron. Tom Boyd, an inhuman brute, shot dead by Tiji'.an-es, in Versailles, O. A Bit., k Killer sella his wife to another man for $.VK, in Ki-smarek, D. T. Wm. Vauschoick , of Bloominton, III. .wants to be cat loose from his wiie. Knoch Navi.i, colored, and as bad a maa as they make them, kiiled in Nashville. James McDonald and Charles Sharps sea -tone.' ! to Oath at Mauch Chunk, Ta. Geo. Chambers, of Charleston , 1:1.. surprises burglars who try to enter his residence. The body of K. C. Moore found in the lake at Chicago with a bullet wound in the bead. Kxplosion in a well at Ah Grove, Mo., result ing in fatal injuries to J. I.. Hunt and Sam. Stafford. cf H0RXIXU LOCALS C0XDENSED. Short sessions of the Council end House Delegates. Meeting of the Democratic Central Committee at the Laclede. Mr. Henry W. William annonneed himself as a candidate for liecorder of Deeds. Graham Frost, enn-iidaie for Coniress in the Third District, addressed a meet ii, gat Sto'.Pj 8 Hall. He delivered an able speech. The Kntomolo-rical Club ot the American Asoeistion tor Mm Advancement of Science met at tho I.inoVU Hotel. An address was made by the president. and a paper was read by Miss Emiiy Smith on i.ocar.itim Aeericorticus. The Democratic Con.zres.-ion.nl Committee of tho second District met at Jones' Hail. A resolution was adopted roeindiny; everythln-f heretofore done by tho committee, except the or-ranizntion, and then adjourned until the 11th oi September. SECOND CONGKESSIONAL JjISTIUC T. Gossip About the Action of the Democratic Conimiltcc Yesterday. The action of the Democratic Second District Congressional Committee, yesterday, in reconsidering their action in e-alrinir a convention for the nomination of a Congressional candidate was the subject ot considerable comment in nolitical circles this morning. The exact object of the action is seemingly hard to determine, the members of the committee as a rnle beins very reticent, and those who (cave an opinion expressing the most contradictory views. Tho opinion was expressed by some that the intention in taking this action was to provido an opportunity for making a call ou Hon. Erastus Wells. Other members thought thnt the committee intended, br layin? the matter over until September 11 , to afford an opportunity to bring in n number of Democrats from the Third District to assist in the nomination of Gen. Marmaduke. The fact that Billy P.a.vot is supposed to be enfrlneorin-r the Congressional chances of Gen. Marmaduko as well us K. Graham Frost seems to be the principal basis for this supposition. Prominent Republicans ot the Second District entertain tho idea that the committee are simply delayiug all action in order to sco w hom tho Republicans nominate, and on what kind of a platform he is placed! The last supposition seems to be the most reasonable. Matters have Improved somewhat at Parato-go, but there is no dis-rmslng the fact that the popularizing of so many beaside resorts near New York has hurt that fashionable wateriusr-place materially. Vuitor to this city can spend all day at Couey Island or Kockaway, aad reiarn in the evening, alter a short ride, in time to ei.Joy the amusements of the metro polis and luxurious quarters in hotels mbose equals it would be hard to find elsewhera. 'PF.rnypuponlt," as tho man said to his coat whtn lie hoDg it on a pe . 1