The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-09-30

/ School Fund, which, being sacred 70
the purposes of education, must be
repaid, and all the interest was saved
to the State. The loaning of the
School Fund to the State had the adv
vantage Of being safe, as it was owed
to ourselves. and the increase went TO
educating the people, by which means
they were elevated. He wanted this
education to be as widely difused as
possible, and that all children should
have all the advantages that his chill
dren had. whether they were white
or black. EApplause.l
Hendricks thought it terrible that
We had been taxed these ten cents.
but this was nothing for Allen Coun-
ty, or even Evansville, where tax was
and would be greater still, if the poll
icy now pursued in Evansville was
Continued policy neither useful nor
ornamental, and very narrow between
the eyes. Laughter and applause. ]
He showed how the Democrats had
sold 391, 900 redeemed bonds for
1857 900. to get money to pay them
selves and run the government for
one year, and wanted the school boys
to figure out how long would it have
taken them at this rate, TO pay ten
millions of debt. Laughter. In
order to prevent such a thing occur
ring again, the bonds now were
punched so full of holes when redeem
ed that q Democrat could not sell
them again. [Applause.l
Hendricks he said had presumed
to lecture him on what was becoming
a Governor and seEerly criticised him
and yet concerning the matter of the
canal debt. that man Hendricks went
about the State and quoted from Gov
ernor Morton, reading halfa paragraph
which made him appear to say just
exactly the reverse Of what be ac-
tually said, and yet he deemed this
becoming senatorial dignity.
He claimed no particular credit to
the Republican party for doing their
duty faithfully, for after all refusing
to steal was negative virtue, and on
ly honorable by contrast with those
who did, and to illustrate, he gave a
history of the State Agents in New
York, j. 7. Lord. Cravens, Hoover
and John T. Walker. all of whom
failed in their trust, and some OF
whom forged bonds that were still il
existence, and others appropriated
the funds to their own use, and con.
trasted them with the Republican
agents who had faithfully discharged
their duties.
If there is wrong way and right
way to do thing. Democrat was
sure to take the wrong way. if pos
sible, and that was the way the Dem
ocratic Council went to work to es-
tablish Water Works; for. as at pres
ent established, there was no law
that would authorize them to collect
one cent Of any man for water
he might consume. any more
than there was to authorize them
to erect a toll-gato on Main
Street and collect tolls thereon.
But there was a right way in which
they could have been built, and that
was by creating a corporation and
permitting the city to take one hun
dred and thirty-four thousand dollars
Of the stock and distribute the other
q nominal amount among
the people, for such was the law, and
as lawyer ne advised them that no
water rents could be collected under
the present regulation, and the Coun-
Gil knew it, relying on future legisla-
ton to enable them to collect. If the
right course had been taken the Wa
ter Works bonds would have been
gilt edged" paper. and sold at par,
and readily, too, instead of going beg
giug at eighty-fva, for the works as
security would have placed them in
the front rank.
He advised the people if they
wanted authority to collect water rent
to vote for Heilman and Hooker, for
in the short session of sixty days, to
which the Legislature was limited, it
required men of influence to procure
the passage of local laws, and the Leg
islature would undoubtedly be Repub-
ican where the influence of such
men as were on the Democratic ticket
would have but little weight.
Speaking again Of the sale ofthe re-
deemed bonds at two-thirds their real
value bya Democratic administration.
while they permitted State Agent
John I. Lord to make a forced loan
of the States money for one, two and
three years at six per cent. interest.
he said it only found its parallel in
the act of the Water Works Commit
tee in letting a contract of one hun
dred and thirty-five thousand dollars
without advertising for bids, and then
spent more than the value of the old
barracks in advertising for bids to re-
move them. CLaughter.1
Referring again to Democratic State
management he said they deposited
the school fund $4,000 with A.
j. Lyons & Co.. where it was used to
bet on the success of the rebellion.
but the rebellion went up, Lyons
went up, and the school fund went M,
and that was another Democratic