The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1859-10-01

time -Sre auditors Report cf apr" ~
1s47, and .Narch II, 1913.
2. In 1s49, a democratic adm'n'stra-
ton again borrowed money to Keep .ne
going, to the amount OF slos-
AZ 05 (act Il Jan. ~ aud
ID, 1s49. and Of so,ooo,ooo'
B In 1851, we again find democrat |
;c administration borrowing money to
nav expenscs. to the amounts OF w.
552 70. (act of Feb 5, 1S51.)
These several, Successive democratic
loans were made in tho face of tax levy
as follows:
In lsl7, 2 mills on the dollar.
In 1882
In 1892
In 1S5o2a +"
In 1878
every levy but one Chat of 1910 being
higher than the highest made BY any Re
publican administration (that of 1850
by % per cent; while the highest dem
ocratic levy was 50, per cent. higher
than the highest Republican levy Their
forrest levy during their first years,
was the same rs the highest Republican
levy during their 5 years.
Further about the same subject.
FALSE CHARGE. NOT.
In the Auditors Report Of Nov. !,
1857, "ho cerlifes the State indebted.
ness to be s293, s43 81 In March 1858
the State borrowed the further sum OF
500, 900 Cast the interest on the sum
rcoortrd due from the State by the 4udit.
or, on the Is, of Nov 1857, and the inter
est on $500, 900 and you find the inter,
est amounts to more than $500 This
shows then the following facts:
Due by State, Nov. l, 1856, s2a3, s43,9S
Add loan by State, 10000
Add interest, $4,000
Total State idehtednes of 5i9,sf3, 9s.'
They then by the most extraordinary
| figures, add another $4,000 to the
State debt, of their own free will, an
call the the State debt NEARLY 5000,
900. 49, See page II ofpamphtet speech.
THE Tarr.t.
The want OF candor, and pal pab'e dis
honesty. of this charge is made apparent
By the following ct:
|. In their preceding statement of
the State debt under democratic rule.
they put it at S7o,705 -, and say not
word about interest paid or unpaid, al
though the Auditors Report OF Nov l.,
1854, contains items OF funded debt and
interest account to the amount of over
SIT 900. Bot under Republican rule
they carefully,-we should say reckless
ly-conjecture an interest account at
$50. 900, Yet that same Auditors Re-
port, in order to make up the total liabili-
ties above, contains this item:
ITO this nigh. be added the interest
on the above loan, due Jan |, 1858, SIG.
54i g." and this very item goes in to
make the total Indebtedness certified by
the Auditor as stated in the Charge
Thus they frs, duplicate, and then COM
pound, their o'.n conjectural interest
2 The fact is the States whole debt
to-day is only $500 900, the Republican
administration having paid of the Phila-
delphia debt of S55, 600, created by the
democracy in 1877. Besides this school
fund which the democrats put into the
State Treasury, as above stated, in add
ton to the taxes raised by their high rats
of assessment, - the Republicans and
Democrats combined, with great unanim
| l.y In 1886, at the Extra Session. took
| $40, 600 more to save it from Ends the
| Democratic Superintendent Of Public In
struetlon, who was sqnandering it So
rapidly as to alarm every honest man in
the State of either party,and this was used
by the State as dlrec,edby law. With the
| balance OF this per cent. Fund not dis
trIbnted to counties to be loaned, a r.
publican Administration paid off the
old Democratic debt aud interest amount.
ing to 81, 800 dollars.
On this amonnt SO retained by the
Democratic and Repuhl can Adninistra-
tons, the State is bound in honor aud
good faith to pay interest for the support
OF schools. | has done 50 and will con.
'lnuc to do so. But the so called deLt is
only payable to ITSELF no person or cor.
poratlon but'itself could bring suit for it,
none but itself can control it, or fix the
time and manner of payment. 1t can in no
constitutional sense be called debt 1t
Is styled debt by these roaming polite
'ans only to swell the magnitude of their
!ofSe charges, so as to make out scem-
Ing color OF case Of violation of the con-
stltution. That they do not believe i,
to be so Is evident from the fact that this
very loan of 100000 dollars which was
effected to give the people of the State
ti'ne TO recover from the crisis of 1857
and pay their taxes at later day. was
supported in the Legislature BY 81 dem.
oerats for it, to 10 againstit there bei;no
a n'aJorny, # Democrap. sworn to sun.
port the Constitution Of Iowa, who sun.
ported it in both House by their votes
" lille these are the facts of the case.
the published certificate of the State
Auditor. dated Aug. II, 1850, shows
that, counting both this State loan and
the School Fund used by the State, and
all outstanding warrant, as So So ;-h;i
ties. the totai alnou. 10 "''-'ooa.9l. !
While the taxes new due /
the State, and the cash in
TIE treasury at tia, date,
amounted to the greater sum
of
" Chi 3s7 SOL l3
W. ae" ' ny l4,so5. %. /
lou Will also observe that "a
publican Administration had IN ~.
years, used only two SIMS f.a1s
ne per cent fund. One was ,alsa,
ave u from being embezzlcd bv d.
'cfafic Superintendent, who il now -
y TIE State for about SO, coo. which ~
~ enoezz'e; and the Other was. ,.l...s
= : -:-.erat.c debt ten wears ala