The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1860-02-28

The Slave Democracy I'm Co.
Inc petro" Advertiser Of the ga IN,
speaking of the line of policy to be sdo,,.,s
the Slave Democracy in their attack ma. :,
Republican party, indulge in the fonovin. 49,.
gent reflections upon the conduct Of tia. p.,,,
when in power Hon. q. V. n Lo,hrOo -.
name appears in this article, has sines :,
written, been placed at the head of N. a,
egation from Michigan TO the Chares,on o
venticn- He is justly regarded bv the n.
mocracy as a Representative man Of their ,....
That paper says:
"Of course they viii dsc'aim, loud and -.
upon Republican extravaganza, incompe,a,,ss
and fraud. liazleton x Cos. mortgage MI
one of the most fruitful themes for the d;s,..
of virtuous indignation and self-gloriicst;o,
viii be the text for such assaults upon the ~.
ent State Administration as have not hesn -
messed since their last convention
Our doughiace friends will, of course. r,a..
stand that we design 10 interpose no ohstsel.s,.
the line of policy they have marked out q, -
day. II they do not, we beg 10 assure IT,.
that nothing would CRAFTY US more than spS :
performance, because some wears experience 4.
taught Us that the people of Michigan ne r., -
widely To differ from them upon all public an.
tons. They only desire 10 see where tbrse 80.
mics of the State stand To know what co,,..
they should pursue. What is denounced n, a.
men who so shsmelessly fieeced the tax.,:,~.
from lsS1 10 1888. is known Ia be right h, a.
people, and what they approve is assumed "a 4.
wrong. The more bitterly they assail RepnE
cansm, the more determined are all homes, r,..
10 support il.
But while We shall not urge an ohise,;,r
against this indiscriminate abuse Of the R,nrA
hcan party, We owe il to these imm.cr,,,.
patriots Ia refresh their memories in rers,i !.
certain transactions connected with The fooo
foco administration of this State As som. !,
the men Who will be prominent actors in N,
pro-slsvery row-wow 10 come of to dav ma,
have forgotten their little fnant ial efnlc;,.
we have no doubt We shall receive their rr.t
tude by rendering them this service. And =.
will Legin with Mr.. Lothrop, as he viii he N.
most eloquent dccaimer against Rsnuhs..,
rascality, besides being the most formidable :.
rirant from this part Of the State for an an
pointmeNt 10 the save-holding National Com.
yention. In point of magnitude the Five Nan.
| ion loan operation by which the State ,o.
! my hmss as much as she would, should n,
liazleton debt never be paid, deserves the fr.
place. But the public, and possibly even
the doughiace Convention, are familiar viii
that transaction. But Co sir. Lothrop's ernlai,.
while Attorney-Genersl Of the State.
We refer 10 the comprc mise of the Sloo a,
due from the Detroit and Pontiac Railroad Ca
To the State. This debt was COMPROMISED \,
Mr.. Lothrop for So, 900, though amply secured
thus losing 10 the State, Sos. Too and twsu,
years interest at per cent. At compound n.
terest this would amount TO about three kssd,sd
and sir'v thousand dollars. II the whole de,s
had been pail TO the State ;hen, and sppro
priated to the payment Of that amount Of the
debt upon which compound inieres, has been o..
cumuiatng ever since, the State debt would nos
he 100000 less than il 10 So much for NJ.
Lothrops financiering. While donouncng r..
publican incompetency and corruption to-dav,
We hope he will not forget this tiiiling matter.
| The next item which we wish afiectioua,el,
to commend To the doughface patriots, is The
private use Of 5000, 600 Of the money for seven
years instead OF paying the public obligation with
it. Upon this sum they paid into the Treasury
no interest, thus defrauding the State out q
So, 1000.
Item Third. We admonish them not 10 force,
1 ehae -S',''' "niNh hhu bSCl ucposittu Win tue
State Treasurer to be cancelled, was re-issued
by Democratic officer after new bills had been
given for the old ones, and that by this swindie
the people were cheated out of that amount
Item Fourth. Mr. Loihrop will do well 70
remember that the State was swndled out Of
s36, 600 for the benefit Of the Phoenix Bank
and other parties, which at compound in,eres,
would amount TO nearly 100000
Item Fifth. During the las, month the Loco
focos were in power, they paid other fraudplen,
claims, besides the PhGnix Bank swndle, Of
over $4,000, which with compound interest
would now be over 100000.
Item Sixth. They defrauded the Uniyersiy
fund out of $4,000.
Item Seventh. They defrauded the Primary
School fund out OF an indefinite sum, ranging
somewhere between $4,000 and S250,ooo
This was done by advertising a valuable sec.
ton Of mineral school lard in an obscure corner
of the Lansing Journal, so rs TO excite no con-
petition at the sale.
Here is a grand total Of nearly S70o.0Jo,
leaving quite out OF view the s., 800, 900 lost by
the Five Million Loan operation, which Locoio-
COS deirauded the State out OF when in power
IL they persist in charging the Republicans
with the $4,000 canal matter, We tru-, thes
will not forget to strike the balance betweer
their side Of the ledger and ours. VIII Mr.
Lothrop look to it.