The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-09-01

Internal Improvement Bonds, and
the amount of two and half and
five per cent. State Stocks that may
be outstanding; and to fnd the entire
debt of the State, you must of course
add to the aggregate of the foreign
bonded date The domestic debt which
NAV be outstanding at the same time,
and it 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
evs due from the general treas
ury of the State to the Trust Funds
held by the State for Common School
purposes, and of a few bonds issued
| to the Vincennes University TO com
pensate that institution for lands
( which were sold by the State. and the
proceeds applied to the Bloomington
| University, the Courts haviog after
wards decided that the VincenBes 10
stitution was entitled to these pro-
ceeds.
Now, if any one in attempting to
inform the public how much the State
| owed at given time, shall take the
foreign bonded debt of the State and
represent il as the entire debt of the
State, when there is at the same time
a large domestic debt outstanding, it
ia manifest that be who seeks truth
1 for his guide cannot safely follow
such leader.
/ Such. however, is the exact process
| By which the Indianapolis Daily Sen
| tinel, in it's leader of August II. 1876,
made the entire debt of tho State in
| 1861. to be 81, ITO 233, instead of $l0.-
179 267 09, as it really was.
| 1t is q remarkable fact that the
Democrats, who have been attempt
ing to enlighten the people on this
| subject, do not refer 10 the report of
| the Democratic Auditor of State, Hon
John w. DoGd. made two months
| and half before the termination of
| the last Democratic administration, to
ascertain what the debt was when the
Republican administration COM
menoed; but instead of doing this
refer to the report of the Republican
Auditor of State, Hon. Albert Lange.
made November 1st, 1861, nine
months after the Republican admin
| istration began to find what the debt
was the previous January.
| AMOUNT OF ENTIRE DEBT IN 1861.
In proof, then, that the entire debt
| of the Stats-foreien ADD domestic
was in January, 1861, SO, l79, 267 90,
| shall quote from the reports of both
| these Auditors of Safe, aud 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 1. 1860, as found on page
% of the Documentary journal OF
1861, not a garbled extract, but his
full summary statement of the condi-
ton of the foreign and domestic debt
of the State.
It reads as follows:
SUMMARY OF THE ENTIRE INDEBTEDNESS cB
THE sTATE-FOREIGN AND DOMESTIC.
Internal Improvement Bonds -
outstandlng...... .S dJSfDOO VI
| Five per cent. STOCKS outstAAd" - .
ing................ 0s5zz 0JV "
Stocks outstandi i5 Pc g1 2.O5l77s u
Fund COMM rs -- l,lsS2ls "a
| VIDcennes University Bonds. 66,585 0(
Loan from Board OF Commits
pay Interest. July Z. ISIS; 10000 OF
| Indebtedness of the General
Fund to the other Funds, as
heretofore stated-...........-..-.... 9s9.lSS 81
,l7Ss zoI u
Now, here is an itemized statement
Of a Democratic Auditor of State,
showing the entire debt of the Stare
foreign and domestic-to have been
SO, 179. 267 90 on the 1st day of No
vember. 1860; aud if any Democrat
wishes to convince the public that
this statement is not correct, it be-
/ "a hn
Gus items; or, if he insists that Gov
ernor Hammond's administration be
tween the 1st day OF November, 1860
and the 18th day of January. 1861,
reduced this debt to $7,770,23 to
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 Of
the Democracy, for the Republican
administration commenced on that
day.
The truth, however. is that no
such reduction took place.
The Sentinel, ia the article before
alluded to says: The amount of the
State debt November /. 1861, as re.
ported By the Auditor of State,
Hon. Albert Lauge, was 81, 770, 233 "
/ deny that Mr.. LANCE, in the Re-
port cited, makes any such statement.
/ quote what he does say in his own
words on page 205 of the Documenta-
Journal Of 1860 81; and you will OBJ
serve that be says the statement is
furnished by the Agent of State, and
it is we'll 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'7
report is IS follows. viz:
PUBLIC DEBT.
The foil owing statement of the con
dition of the public debt is furnished
by the Agent Of State
BONDS s-aRESDEHD.
There we're on standing on the
Isf dav % -NOvem Der, 1850, as
mere .gIors reported se3 bonds az
q! UJ4 each 55J5sgUJ W
6ere nave been surrendered
since that time two bonds Of ST.
010 eacn z,uJO W
Total outstanding Nov. l, 1881 .....s39I 900 90
FIVE PER CENT. STATE STOCKS.
There have been issued on ac-
count of bonds surrendered
up to the LIST day OF November,
lS6O..... ,a22.5 $50 90
There has been Issued sincs that
time on same Rccount..-.......... 1000 90
Total Nov. l. O09 60
TWO AND HALF PER CENT. STATE STOCK.
There had been Issued on ac-
count OF bonds surrendered
up to The LIST day OF Novem-
Der. 1880. s205I7s3 50
There has been issued since
that time on same account. 1000 90 /
Total, Nov. 1, IssO.............. s2,O55,7s8 50
Now. let US place these three items
srn-An 1919. - la