Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1881-01-15

" 81 liz I'LL
school at Kirksville, 2s7 at Warrensburg. 1874 at
Cape Girardeau, los at the Lincoln institute, and
II at the School Of Mlnes.
Missouri has also over 100 colleges and acade-
miss not counted in the foregoing.
H LAW ON TAXATION
in this state should command the most careful
consideration. A system should be devised that
will be equal in its operations, making every de-
scription OF property bear its due proportion OF
the burdens of government, and looking to an
equitable and just taxation of banks, railroads,
lands and stocks, SO that capital may be invited
and not repealed from the state, In order that
there can be no war between capital and labor.
Justice always insures peace In society. A re-
ducpon of the rate of taxation in the counties
and state can be attained by wise and equitable
laws, and the natural consequences of such :. re-
duction would be an increase Of population and
wealth, and those factors, In turn, would cause
still further reductions in course OF time. by the
Introduction OF more wealth and stiI greater
population. High taxes provoke discomfort and
evasions Of the laws. and should not exist one
momsnt beyond their imperative necessity. The
state and county debts should be extlnguished
as rapidly "a possible compatible with the pros.
perity and capacity Of the people. A gr eat debt
is at no time q blessing to q state, a couoty OF
an individual, and the same ASST luity ali ouId ba
used to
RELIEVE EACH ALL.
The course OF legislation for the last few years
indicates clearly the popular will. that nothing
should be done to dimish the power OF the state
10 redeem or refund at maturity her eut-stand-
Ing bonds. and to meet with unwaverins prompt
ness every payment OF interest at the places and
times when they may fall due. 1 accord most
unreaPrvAnIv INV GENERALIZATION - n.
esty OF our people, that bids them be Just, be.
lore they consult their convenience, their COM
forts or their growth. The state debt is the re-
suit of great measures, conceived q quarter of a
century ago by wise men. for the development
OF its various sections, and in the fruition and
maturity of those measures. the state has passed
from the rank of the fifteenth tc that of the fifth,
and is still marching forward with great bold
ness and rapidity.
There are two important measures that will in
all probability be brought before this body, the
refunding Of so muck of the state Indebtedness
as is now. or may become due. before the legis-
lature convenes again. The time is auspiclous
for refunding that Indebtedness, and at a lower
rate of interest than the state ia now paving. A
I've per cent. bond would omman a ready snle
1t would be difficult to make u better or surer
investment than in Missouri five per cent. bonds
And the second measure Is to 30 amplify tho Iu-
dicial powers under The constitution as will in
some way
RELIEVE THE SUPREME COURT
Of the embarrassment under which it Is now
laboring. That court has labored for years with
industry, and, under the circumstances, with
much honor to the eminent position 1t occupies.
but has been wholly unable to relieve itself of
Its increased work. That court is so much be-
hind In Its labors, it is simply a denial OF Justice
to litigants to await its action, and it is thought
that some seek this forum as a means of aelay
In the settlement of ~litigated questions.
Credit is the crowning glory of a state and a
county. 1t Is to each what honor is to a man,
what virtue Is to a woman. what faith is to IL
christian; no stain should tarnish one or the
other. There are some counties indebted be.
yond their capacity to pay. The debts should
be compromised upon tsrms alike just to the