North Iowa times. [volume] (McGregor, Iowa) 1867-current, 1870-05-04

10000, OOO............
$4,000, OOO... lib
100000. .......................
10000, 900. ..lOy
$4,000, NEUTRALITY-SUSPICIOUS.. 10
lOO,OOO,OUO....... ACKNOWLEDGEMENTS @
The Chicago Tribune pronounces this
proposition manifestly, in fact, untrue
some folks would call it false. We don't
use any such harsh term, but we do think
that the most honorable Secretary's
statement, which is simply to the effect
that nine and one'half annual payments
Of $lOO,0OO,OOO each would amount to
-, 5000, 600, OOO-the amount of our ma
tional difficulties, financially-when it only
foots up $3.50, 100000, is something like,
only still more gorgeous than the erone-
Gus statement, circulated for a political
effect throughout the United States that
Iowa is out of debt, when the bond rid
den taxpayers are required each year to
pay the interest upon hundreds of thou
sands Of state Indebtedness.
This sort OF deception may be very
pretty in public officer with his hold
upon the pockets of the people of great
state, Stree Of Indebtedness" to back him
or one who has mighty nation of people
who will tamely submit to any amount of
extortion and pronounce it good, to back
him, but certainly such an exhibit would
net be quite 80 well received by business
firm from an accountant Of the firms f.
nances. The Tribune says:
"The to put before the people as true,
tables like the above, is jugglery. 1t is
nents Of 500, GOO, 900 each will pay your
whole debt, provided you keep paying in
terest for the whole ten years on the part
you have already paid"
But interest amounts to S3O,O0O,O 900
more each year than the proposed annual
payment. Hence we would have to pay
annually, S2aO,OOO,OOO instead of $780,
600, 900, as shown by the secretary. This
is provocative of better feeling than the
facts in the case warrant. The same pa
per pronounces Dir. Boutwell's sinking
fund an exploded notion and thinks this
is why he prefers to keep it before the
people and then adds:
ave are opposed to all hocus- pocus and
receptions. The above table, in the light
of the explanations we have made, is sim
ply deceptive and misleading. The paw
ments therein specified will, of themselves, |
discharge only about two.thirds of the
debt in the times named. The remaining
portion of it will be discharged only by
the interest which continues to be paid on
the portion of the debt which has been
paid.
The payment for ten years of 81 ,OOO,.
600 a year interest and $lOO,OOO,OOO a
year principal, or S23O,OOO.OOO a year,
besides our present expenses of govern.
ment, say. $500, 600, 600 year, would
amount to total national taxation of
$3.50, 100000 annually. 1t would require
a heavy increase of our present rate of
and to continue it for ten years
would bankrupt the country"
Now and then radical, evidently
intent upon committing party sin, dares
to slap some one Of its purely loyal family,
to the great discontinue of those self
sacrificing and noble souls who give their
lives to the humane work of making and
unmaking laws, tearing away long estab-
lished land marks and building up new
and insufficient ones, manning and disfgur-
ing state and national compacts, which it
is their duty to seek to perpetsate intact,
and all the other eutrages, practiced upon
the people, under the name of legislative,
constitutional, congressional ct al en-
actments. The Chicago Post, becoming
tired Of the continued tinkering the con.
in q recent issue says:
"Senator Drake, Of Missouri, had better
give up his sixteenth amendment" which
provides, virtually, that the government
at Washington may take armed possession
of any State at its pleasure. The imam
on horseback" stalks behind it. But. be-
sides its monarchial tendencies, we ought
to- have little respite, from constitution
The amendment factory ought
to shut up"
Waupun.
We are indebted to Col. Watrous, for
an extra Fond da Lac Commonwealth,
containing special details Of che late burn
at the Wisconsin state prison. At the
time of its receipt we already had an
article in type, which will be found else
where in this issue. The Coils report
was more "in full,'' as words 20 now-a>
days, and we are under obligations for
the courtesy of its transmission. 1t seems
strange that the prisoners worked so
"nobly" to put cut the fire, and not one
instance of an attempt to escape. This
remarkable loyalty to law can be explained
only in this way: Radicalism has so ra-
ined the country by the depression of
labor that convicts feel safer at the table
of the Wisconsin prison than to take the
chances of an outdoor roam among the
sharks of civilization. Food and light
in prison dleness and pau
perism outside! Who would not fight
FIRE rather than lose home? The end
of the crushing policy is not yet.
Outside.
Death Of Lopez. How to behave in
printing ofioe!... Romance of Red
Gulch, California. Dane Co. wheat
20. Brooms and carpet sweeping
~. Capitol builders. Iowa Legisla>
lures and their consecutive sessions. I. ;.