The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1869-04-30

FRIDAY. APRIL; 80, 1869
@Ez-z.i--------- E1. +---...11--nr-----
gAsaitpr's staten ent or state
srv A.aiJ lra Debt. III bsi1Tca !
10 IN u 1868, the State Register.
.9peskipg,of the, financial condition
ii orr, State, said !. + "We see a
State free from debt, and with an
oysrplqs ofmoney lying in her cof-
ferA unused or not, needed This
statement was promptly denied by
US al, the time, aud shown by, the
oHaial statements Of the Auditor to
W Tue Register Of March 3lst 1869,
Tor the first time admits that this
statcment, was untrue, bat claims
that the State, is NOW out of debt,
using the, following languages
y Iowa is out Of debt. We, have
tho figures in black aud white. from
official sources to prove it, lSomes
thing over a year ago "a premature
ennouncement to this j. effect. was
putin ctrculatipn,'"'g ,tp ,,AvIlI
On the 1st day Of April we adj
dressed to the Auditor Of State the
following inquiries ,:ipi 81 .sy1ahs
WhatIis the am CUNT of the bond,
cd debt OF the State 4? .,a Give the
amount due to the School Fund,
and the amount of each other is.
sue, and the law under which they
were issued, What amount of
Iowa war claims have been, audited
srd paid by the general govern.
ment, and when paid 2zgTo what
account vas the Federal tax of
1S62iappliad2 - u,E5! sidi iayia
To which the Auditor, under date
Of April 18th, 1884, replieda:7si
lat. Chapter l6, acts 1851, authorized
100000 Of State bonds to be,issued. Un-
der this act the State authorities issued
and sold $500 900, maturing in 1851
None Of these bonds have been redeemed
3D. There WAS issued "a State Bond
in favor Of. 2 permanent School Fund |;
dated Nov. 18th, 1864, for 1922 ,295.7 in
accordance with Chapter 1874, acts Of 1864
Alsa plAend issYsd II favors Of same Fnnd,
6ll2,2o2p A., Pare Chapter 81 nets Of
18th General Assembly. ,.-,..,s,g rf
"a. Tbs amount Of Federal tax charged
by thegenera government to the State Of
lows is 1854, 274,Sl.1 ty4Gna.ua .taa1et
The State Of Iowa has received of the
us. Government since partial settle,
a
January 18th, 1868 :. $l35,442 ~
Jaansry. 26, 1855 p :':i.s :. ls, l17.lO
Ook JIM Dsney, Commissioner to set
tlethsas claims. informs mo that We viii
receive the further amount Of $l0Q, 900 ~
least, out 81 TIE balance of our unsettled
claln~, arrountfhgt - Sf93, 1873 "a
Yours Truly, To"
III suoaII0HN AlELLIOTT,i 4
- -4+e sTe4 Auditor Of Htate.
Here we havo the official state
ment iof tac Auditor that We have
an actual outstanding bonded in
debtedness Of '$594,49s,o1;: and
while be does not expressly state
that the above ore all the unpaid
bonds, perhaps it is fair TO 50 :. con-
slider it. These are the oficiaf fig
ures that the Register refers 20 as
showing the State to be '"out Of
debit" Here We have definitely
ascsrtiiucd debt more than is au-
thorised'by our State Constitution,
yet We End leading papers in the
State. whose duty it is to keep the
people posted on the true financial
condition Of tho State, undertaking,
to gull aad daceive them into law
ish expenditures Of money, by rep
resenting tho State to be out of
debt. NTH the treasury overrun-:
ming with, money that-they don't
know ,uhxt to DO with. The prop
osition is too simply ridiculous,
and too ridiculously absurd to spend
time in rsfuting it. 12F-} : .@21 I"
Tho only theory upon which the
State soan be shown to be out of
debt, is that the debt exceeds the
Constitutional limits. and there
fore we are under no obligations to
pay it. Perhaps that is the way
the Register proposes to cancel this
debt. = t4gs6s = .a,z ~ @a3
We don't know as we fully COM
prehend the stat ement of the Audi
tor assto the state of the account
between the State and the u. s.
Government. 80 aA5 l. -@'- Z u.
In August, 1851, Congress levied
. direct tax upon the United States,
and authorized the Several States
to assume this collection thereof,
allowing fseertaino deductions when
they did 90. ar3 ~ &.r&3a @.1'
The first act of the 9th General
Assembly was to assume this tax.
and tax of 2 mills on the dollar
was levied on the property Of the
State. and collected. A short time
after the levy of this tax by the
State, il our recollection is not al
fault. Congress- repealed or suspend
ed this law, and Iowa, 50 far as We
know, is the only State that collect
cd any tax under 1t. - Now if ".
understand tho statement Of thu
Auditor correctly, Iowa stand
charged by the. General Govern
ment with 83a4, IA. 81 on aocpun
Of this tax, and these war claims o
tho State against.the General G. v
crnment,, about which SO much ha
been said as . source of revenue tt
the State, have been allowed as
credit to Offset this indebtedness t
the amount. of, 1888. 500, A, an
that there is . reasonable hope tina
claims to the amount Of $lO0. 90