The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-08-29

Ivy oA the laH-tO raise funds to pay
the salaries of these hopeful officials,
and to pay the interest on the other
bonds outstandingl
Was not this turning something up
with a vengeance? And yet these
men are to-day the bowling cham
pions of financial reform. No won
der that such fnanciers are in favor
of issuing fourteen or fifteen hundred
millions Of non-interest bearin green
backs and rendering them to our
creditors for like amount of inter-
est bearing bonds. Surely. if mod
ern confederate Democrat cannot lift
himself up by the straps of his boots,
no one else need try the experiment.
But the cream of the joke has not
yet been related. I have given you TO
understand that, after eight years of
financial labor, the Democracy, in
1898, had actually succeeded In taking
up State Stocks to the amount of
1891 $40 90; and that they then put
these same stocks on the market and
sold them to procure funds to carry
on the State Government, and pay the
interest On the bonded debt of the
State, but have not told Won what
1 SAS@O GNONAO HCAC 6OA4 4OIs
| now inform you that these stocks,
amounting to 1891 ,S10,-on some of
which, interest had run from Janu-
airy to April, and others from July
to October,-were sold for the mag
nifcent sum of 1867 .101 97l
For the proof, refer you to the
same Documentary Journal, page 20,
and to the records of the Treasurer s
office to show that pant were sold in
April and the rest In October.
The Republicans have, after paying
interest on them for some ten years,
again redeemed these same stocks by
paying par for them; and we promise
you that they shall stag redeemed ttis
time, unless you entrust them to Demo
cratic officials. in which case you had
better take out policy against accl-
dents
In addition to reducing the lisbili'
ties of the State, nearly nine and q
half millions of dollars, and placing
the comparatively small amount still
outstanding in such condition thai
it practically amounts to no debt a.
alI-for we owe it to ourselves, and
the interest We pay on it is expended
in the education of our own children
the Republicans, since 1861, have ex'
pended more than a million of dol
lars in increasing the number and en-
larging the capacities of your benevo'
lent institutions; in building Reform
atories and other State Buildings, and
Ia the construction and completion Of
the Northern Prison.
The Democrats turned a deaf ear
to the command of the Constitution
which says the General Assembly
shall provide Houses of Refuge foH
juvenile offenders; but we have exc
cuted it by provided an institution al
Plaintield, which now shelters nearly
two hundred boys, most of whom
would, but for its saving influence
grow up to become terror to tht
lovers of good order, and ulcers upon
the body polite.
We have provided the Soldiers anC
Sesmen's Home at KnightstoWn, il
which more than three hundred sol
diePs and soldiers orphans are cared
for and educated by the bounty of The
State.
We have provided the State Nor,
NAL School at Terre Haute, which
predict will ere long be the GRO Rninl
glory OF our system of popular educa
ton; and we have, by liberal appro
priations. placed the State University
In a position far in advance of any
thing it ever knew under Democratic
rule, and we are now erecting a Re
| formatory for Women and Girls
which will soon relieve the State from
the terrible odium of sending women
to the penitentiary. :,
We have doubled the capacity OF
the Hospital for the Insane; enlarged
the Institution for the Deaf and Dumb
aud erected a suitable building foI
the State Offices and Supreme Court,
aud all this without the suspicion OF
fraud in the contracts Or disburse-
ments.
OF course the current expenses oil
these new institutions, and of the old
ones enlarged, and the increased cost
of supplies and subsistence over the
last Democratic decade, has made a
corresponding increase In the public
expenditures; but thanks to the good
sense and public virtue of the people
cf Indiana, they do not object to any
increased burden which the progress
of the age may demand, provided the
proceeds of the taxes imposed are
honestly applied to the purposes for
which they are contributed.
Again: look at the peoples colleges
our COMMON FREE SCHOOLS now as
compared with 1860. The State is to-
day dotted over with nearly nine thou
sand school houses-the exact num-
Der is 1866. or ninety four on an av-
erage to each county.
In 1860 the State school tax col
lccted was $685., 920 q, and the entire
revenue for that year, which ought
to have been distributed to the
counties according to the number of
children in each, was $998, 338 "a
but the amount actually distributed
was only 1914 $50 90, or little more
| than half the amount collected; and.
although the Constitution requires
the income of our school fund to be
sacredly applied to the education of
the children of the State, the De-
mocracy had other uses for it; and,
therefore, they retained in the Treas
ury for the benefit of Democratic Off
Gals the snug sum of 1854, 357 "A
which, In law and In conscience, be-
longed to the children for the pro-
curement of their intellectual daily
bread.
In 1869. the School Tax collected
was 1887 ,563 Al, nearly double that of
| 1860; and the entire revenue collect.
ed and subject to apportionment
among the counties, for school pur-
poses, was $1,496, 1888 30, and the
amount distributed was 81 ,489, 052 go;
the distributions falling short of the
collections only 81 ,325 43; and the
reason why this small balance was
not apportioned, was that it could
not be done without dividing to each
child the fractional part of cent.
The division stopped with cents, and
was not carried down to mills.