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

provement Bonds have been surren-
dered, and new five and two and
half per cents were issued IN lieu
thereof. Every old bond surrendered
decreased the number of 1nterna!
Improvement Bonds outstanding, put
increased the number of two and
half and five per cents Issued under
the Butler Bill.
In ascertaining, therefore, the
amount of the foreign bonded debt OF
the State at any given period. 1t Is 3
necessary to consider the amount OF
| Internal Improvement Bonds, anu
the amount of two and halt anu
five ner cent. State Stocks that may
he outstanding; and to find the enttTe
| debt of the State, you must OF course
odd IN the aggregate of the foreign
Lordsd date the domestic debt which
rnav he outstanding at the same time,
~ Il must be remembered that we
have had for many years, and still
have. a domestic debt.
DOMESTIC DEBT.
This domestic debt has generally
! consisted, aud still consists, of mon
eys due from the general treas
ury of the State to the Trust Funds
held by the State for Common School
PURPOSES. and of few bonds issued
to the Vineennes University to com
nensate that institution for lands
which were sold by the State, and the
| nroceeds applied to the Bloomington
| University, the Courts having after
wards decided that the Vincennes In
| stitutiou was entitled to these pro-
ceeds.
Now, if any one in attempting to
inform the public how much the State
owed at a given time, shall take the
foreign bonded debt of the State and
REPRESENT it as the entire debt of the
State, when there is at the same time
a large domestic debt outstanding, 1t
| is manifest that he who seeks truth
| for his guide cannot safely follow
| such a leader.
Such, however, is the exact process
by which the indianapolis Daily Sen
| tineL. in its leader of August II, 1870,
made the entire debt of the State in
| 1861, to be 81, nc, 233, instead of $l0,-
179, 267 %, as it really was.
It is a remarkable fact that the
Democrats, who have been attempt
ing to enlighten the people on this
subject, do not refer to the report OF
the Democratic Auditor of State, Hon.
John w. Dodd. made two months
and half before the termination of
the last Democratic administration, to
ascertain what the debt was when the
| Republican administration COM
| menced; but instead of doing this
refer to the report of the Republican
Auditor of State, Hon. Albert Lange.
made November LIST, 1861, nine
months after the Republican admin
istration began 20 find what the debt
was the preViI - January.
In proof, then, that the entire debt
of the State-foreign and domestic
was in January, 1861, SO, 179, 267 90,
/ shall quote from the reports of both
these Auditors of State, and shall
show that these reports are not in
conflict, but In complete harmony.
/ proceed, therefore, to quote from
the report of Mr.. Dodd of the date of
November /. 1860, as found on page
% of the Documentary Journal of
1861, not a garbled extract, but his
| full summary statement of the eondi-
ton of the foreign and domestic debt
of the State.
| IL I6AQS AS AOl4ON5s
SUMMARY OF THE ENTIRE 1HDEBrEDNEss OF
THE sTATE-FOREIGN AND DOMESTIC.
Internal Improvement Bonds
outStanding .............. .........S 393,UU0 OO
Five per cent. Stocks outst2Ad-
Stocks outstanding ...:......s.... 2.O54.77s 50
Fund nissioners............. l,lSs.2ls 81
Vincennes q University Bonds. ia, 5S5 90
Loan from Board of Commits
pay Interest. July /. ISIS. le5. 900 90
neretofore stated. -. - 0s9.Iss 81
l79s 267 O'
Now, here is an itemized statement
of a Democratic Auditor of State
showing the entire debt Of the State
foreign and domestic-to have beer
SO, 179, 267 90 on the LIST day of No
vember. 1860; and if any Democrat
wishes to convince the public that
this statement is not correct, il be.
hooves him to point out the errone-
Gus items; or, if he insists that Gov
ernor Hammond's administration be
tween the LIST day of November, 1860,
and the 18th day of January. 1861
reduced this debt to $7,770,233, be
should inform US how and when this
reduction was made, and which item
of the debt was paid.
If the debt was reduced. and the
reduction took place after the 14th
day of January, 1861, the reduction
goes to our credit and not to that oil
the Democracy, for the Republican
administration commenced on thai
day.
The truth, however. is that nc
such reduction took place.
The Sentinel, In the article before
alluded to. says: The amount of the
State debt November 1. 1861, as re
ported by the Auditor of State
Hon. Albert Lauge, was 81, no, 233.
/ deny that Mr.. Lange, In the Re
port cited, makes any such statement
quote what he does say in his oWr
words on page 205 of the Documenta.
Journal of 1860 81; and you will o6
serve that he says the statement il
furnished by the Agent of State, and
it is well known that the duties of the
Agent of State are confined to the
foreign debt, and he could give no in
formation in relation to the domestic
debt. The language of Mr.. Lange''
report is as follows, viz:
PUBLIC DEBT.
The following statement of the con
dition of the public debt is furnished
by the Agent of State:
BONDS SURRENDERED.
There were outstanding on the
LIST day of November, 1860, as
here ofore reported S93 bonds of
81 900 each CO9
There have been surrendered
since that time two bonds of ST.
OD each
Total outstanding Nov. 1, Is6I..-.-sS9I 900 o
FIVE PER CENT. STATE STOCKS.
There have been issued on ac-
count of bonds surrendered
up to the LIST day of November,
lS60.....
! There has been issued since that