The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1868-06-17
1863 they had the State LEGISLATURE,
md elected npe John c. Walker State

fnaueiered into the Sons of Liberty.
and left his country for his country
good Yeu did succeed In the end ia
gettinr back your ninety thousand
dollars without interest, after a long
Won recollect that before Walker
day they had elected one Stover. He
issued two millions of fraudulent
bonds of your State. True, you did
not have to pay them we have got a
million and a half Of them up and
burnt them. 1t cost some thousands
of dollars to do that These facts
show conclusiyely that these Demo-
Gratis are good inanciers and that you
ought to entrust them with the e.
nance of your State as well as with
those of the nation.
Here the Governor made an aliusion
to the School Fund ~defalcaiion Said,
while the law required that the sur
plus should be distributed to the
counties and loaned out to the Deople
upon real estate security, the Demo-
I cratic President of the Board of Sink
ing Fund Commissioners took one
hundred and thirty thousand dollars
of it to New York, and started a bank
aud went to betting on gold. When
ever the stock Of the Confederacy
went up gold went up, and when the
~Confederacy went down gold went
down too. Finally, however, Grant
fought it out on that line and they
say your School Fund is suspended so
far as that goes. | should think it
was badly suspended.
ru1eb r. coll .fF,14fOr 20 .ha man
ner in which the finances of the State
have been administered since a Re-
publican State administration came
into power.
The State debt at the
beginning OF the last Demo-
cratic state administration Jan.
1870 to the sum of .----. .-............. 81 zoo, 900
Between that date and the inau-
guratiOn Of Governor Morton,
in January, ls6i, the Democracy
added to this ebt.-~.--..-...---- 10000
Making the s., $50. 600
contract a wan deb5 ofs,.-sy. ~ 100000
with swelied the debt %, 800, Oo0
Since the war there has been paid
on the old funded debt She sum
oS the war 2 .59e,ss5
TotaI... 8.873. 964
Trust funds devoted by the Con-
st tuition to school purpose, have
been tnves ed in the purchase Of
our bonds (for which an Obli-
cation has been issued TO the
schOOi und 10 he amount Of I,Ii4,63S
Making a practical dtminution OF
the debt To the amount Of............ s5,0S7. gg7
Or, n the amount for which bonds
have been issued to'the school
fund be S(il counted as "a part OF =
Tie debt, making the ac,ual.re-
u IctIoh 3,y13 "A
Thu debt stil on standing is as follows:
Old funded debt. ..... s.. -54 238
Internal Improvement honds not
surrendered until the Butler bill
OF 1911 .'..- 1900.
War loan 237 ,006
University bo1ds -~.~..-.~~-...,.-.. $3.50
94.8I0.8i5
Or, if we add the amount for
which bonds were issued to the
IA fund az still constituting
a part OF the ebt..~s....--~A-.. l.l4,6o3
The balance viii be ............--...... s ,425, 1872
And while this reduction hiss been
made with scarcely q p%erceptible in
crease Of the burdens of the people,
what else have we done? We have
carried on the State Government; we
have enlarged your insane asylum 20
double It's capacity; we have carried
1.-THE constitutional obligation which
the Democratic party never intended;
erected a house of refuge where juve-
nile offenders are sent; we have
bought. paid for and built a home for
your disabled soldiers: we have erect
ed a building for your Supreme Court
and officers. All this we have done,
in addition to paying one-half the
public debt. And if the same policy
IS carried out. with the same rate Of
taxation, by the year 1871 every dol
lar CT your debt will be paid without
increasing your taxation.
/ ask you now, whether, after COM
pairing this record with that of the
Democratic party, you are willing
that they should again manage the
purse strings OF the State of Indiana,
or have charge of the financial ope-
r~ations of the State !? | think you
will trust the men who stood by you
In the hour of danger. I think you
will trust those who we're faithful in
the hour of need. If a man is IN
faithful in the time of dagger, how
can you trust him In time Of peace?
| am speaking Of the spirit which
animated this party during the entire
war. 1t was not faithful to the duties
it owed to the country. I ask you
whether it is not your duty and policy
to continue the power in the hands of
the men who have proved faithful?
RESTORATION OFSOUTHERN STATES.