Iowa voter. [volume] (Knoxville, Iowa) 1867-1874, 1871-09-07

capital out Of so small thing" But
in this, as you Will perceive, MI.
Irish was mistaken.
And here undeniable facts may be
referred 10. At the session oI the
General Assembly of 1856, the Dem
ocratic Senator and two Democratic
Representatives from this County
not only grabbed and appropriated
every postage stamp, penknife, hne-
tooth comb, newspaper, pencil, eraser, ;.
Supreme Court Report, and sheet OF
writing paper within their reach, but
they also charged, took and carried
away mileage for sir hnndTed and
eiqLfv mites travel from Knoxville to
Iowa City, an actual distance OF oniy
80 miles. This | affirm they did IN
utter disregard of the Constitution
which they solemnly swore to sup
port. This same grab game has been
practiced by every Democratic mem
Der from this County since then. And
some OF them, as / personally know,
transacted their professional and IL
nancial business for months after each
session with stationery thus obtained.
should not have referred to these
matters had not this bold onslaught
uron Republican Legislatures ana
officers of this State required 1t. lave
we any assurance that these Demo
Gratis would do any better now? Hon
esty in public affairs is certainly q
commendable virtue, but it is some
what aggravating to Republicans to
have it preached to them from such a
precariOus source.
Fellow citizens, if you Will turn TO
the exhibit Of expenditures made ny
the Democratic Legislature OF. New
York, at its last session, or read what
Brick Pomeroy says about 1t, you
will find that this body, with less
members than ours, expended Oter
ten times the amount in these matters
of postage, papers, and other perqul-
sites. than the Legislature Of this
State has thus been charged with.
| refer to New York because II II
there that the immaculate Democra-
cy are the most supreme ana I'M
checked in their spirit and rapacity.
Whatmodern Democracy is now in
New York. it would be everywhere
if in power; for the same KIND Oh
reckless extravaganza and criminal
peculation characterized that party
during its administration of National
affairs, as the history of the country
abundantly attests. But have not
time to discuss these matters now.
In my opinion, the Democrats OF
Marion County are in no position to
complain so bitterly about these
small items of Legislative eXpendi-
ture. We tried them some years
ago. and learned something of their
admirable capacity for appropriating
Legislative plumber.
STATE DEBT.
Pursuing their convenient and Ia
vorite mode of Democratic computa-
| ton and argument, this same speech
runs up our State Indebtedness to
"three quarters IF q milton dottdrs''
Let me show you the curious process;
by which this large sum is reached,
| You have already been told that oui
| War and Defence bonds, issued II
| 1861 and due i'm 1881, bear interest al
seven per cent, payable semi-annu
ally at the Metropolitan Bank IL
New York City. Ateach session O
| the Legislature, these instruments o
interest have to be anticipated ana
4 provided for. AS the Legislature
only meets biennially, you will per
ceive that two years or four six
months instalmentS Of this intereS
must be anticipated by appropria
tons for ''interest to become due
This requires $4,000 to be apprOpri
ated at each session, together witt
from two to three hundred dollars
more, as exchange or express charges
in Transmitting it to the place O
payment.
In addition to these War and De,
fence bonds, we have issued, rs re
quired by the Constitution and di
rected by law, bonds amounting tC
the sum of S235, 5GG.O1 to the Perma
nent School Fund of the State. Lei
me eDdeavor to make this SchoO
Fund business plain to you. BY the
terms ofourad mission into the Cnior
in 1916, it was stipulated by and be
! tween Congress and this State, thai
| five per cent. Of all monies derived
from the sale of public lands, within
our limits, should be reserved as {
Permanent School Fund. This FUND
| finally amounted to about two and {
half millions of dollars, and was put
under the responsible and perpetual
guardianship of the State. The prin
cipal was to be preserved, the Interest
only to be used for current support Of
our Common Schools. Now comes 9
specimen of Democratic financiering
and honesty. This magnificent fund
was too large and tempting for Iowa
Democrats TO resist. While they had
control of the State this money was
loaned out among the Counties at ten
per cent. on mortgaged securities
instead of being funded or perma.
nentiy invested as it should have
been. Col. JAS. ID. Eads, a Demo
cratic superintendent, under whose
control his party placed this fund,
loaned about $3.50, 000 of it out among
Democratic editors and crossroads
politicians, on straw security. A
prominent Democrat in Knoxville
got SIS, 10000 Of this money. OF this
large sum of $3.50, 100000 loaned, for
which the State became responsible