The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1858-10-02
STATE INDEBTEDNESS.

The State has no de,ts for which bends have been
ssued excepting to the scnaoL frsp Of the State VI
this fund the following loans have been made, viz:
May LIST. lr40 Bands payable May lst,
lisa, issued under act Of Jan. 18th, lssg. .
Sept. 18Th 1919 bends pay aide sept. 18th,
ls5a. issued under act of Jan. 18th, ls49,
IChAlt ~. 7.0oO 90
March 18th, it57. Bonds pas able Jan. LIST,
ichapt ST. a,ass 70
July 18th, I-s6 Bonds pay able July 18th.
IsGl-issuei under act Of this date Re-
solution sab, 10000 90
January ist. ia57. Amount borrowed Of
sshaol Fund under of December lIth
lso6. [chart 3. for which no bonds have
A vet bcen Issued, r 5l.5O w
Total rrspyp Dett, sisa ,sas Is
To this might he added the interest
on Above tones due January ist,
And Auditors Warrants now out
standing, l5J.N3,96-l9t o4s -
Total LIABILITIES Of the State, S293s43 W
1t will be seen by this statement that
the funded debt Of the State was, last
winter, but sl22, 295,15; and of this
amount nearly $4,000 was standing
against the State when the Republicans
came into power. The whole liabilities
Of the State were S293, $685. Star
ting from this point, the very honest and
unsopListicated eanyasser Of the Slave
Democracy ask" Did not the State
borrow $1,000 last winter2--and if SO
il not its debt thereby increased to near
~ half a million Of dollars?' ry tell
us. We honest instructors Of the people,
whose bowels yearn for fresh onslaught
unon the School Fund, aud an exhibition
in Iowa, Of Washington City economy,
what was $1,000 borrowed for last
winter Was it not to meet the very in
debtedncss recited above, by the Audi.
tor 6f Stateg-and if SO, docs it not re.
ouce lust SO much the Indebtedness there
exhibited? De not the $500, 900 liq.
uidate Just so much Of the previous in.
debtedness? If so, your statement j.
inst 40 far trou. the truth. The Stat1
;ndcbtedness is not one cent greater than
n pas last ointer, when ii was reported
by the Auditor at S293, 843 .9S. The
outstanding warrants have been taken VI
by the loan Of last wiuter which was
made for that express purpose
The record shows then, that instead D
creating debt Of half million Of dol
lars: the Republicans hayo swelled tn,
indebtedness but little over SOC, 900; al
though $500, 900 have been expended il
building the I.unatic Asylum during tn
mast tao wears; over $4,000 have bec'
expended on the Penitentiary; $4,000
for the constitutional Convention; Sl7
600 COR an extra session Of the Legisla
, ture; $4,000 for an Agricultural Col
lege: $4,000 for the State University
! si5 900 for the erection Of Blind AEy
lum: $40 900 for Geological survey an
publication Of report; and 1000 for ex
pcnses Of late Legislature, held year i
advance OF the usual time, in accordane
with the requisitiou Of the New Con
stitution. These expenditures make a
aggregate Of 1910, 600; not one of whic
! Is Of party character
Thus il another shameless roortac
disposed Of, by figures aud facts from th
records Of the State.
1T will be seen BY the passage quote
from tile Auditors Report, that abou
$50 900 Of the State Debt is befrowe
from the School Fund. and can harfl,