Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1888-11-02


viii be pecuniarily damaged by this
lying circular, issued to serve a pOliti-
cal purpose. In brief, this publication
passes far beyond the bounds Of parti-
san politics Is simply the act OF a
public enemy, who ought to be treat
ed as such.
wherever figures have been OBJ
tanned. I have no doubt that the So
called mortgage Indebtedness in
cludes the railway mortgages. For
example, every railroad company IN
the state having mortgage bonds, has
to record such mortgages in all the
cOuntieslthrOugh which its line passes.
If the mortgage is for 100000, and
the cOmpany's line traverses twenty
counties, the mortgage for 100000
Is recorded in the Office Of the regis
ter of deeds for each county. Aggre-
eating all these records and the
amount IS swelled to $6O,O00,OO0 on
debt which Is really one twentieth
that amount, or $4,OOO,OO0.
''Many mortgages, too, are given to
! secure the payment Of Indebtedness
payable by annual installments That
! is, a citizen bOrrOWs $4,000, and gives
/ four notes In equal amounts, one pay
! able in one year, one IN two years, one
! in three years, and the last in four.
The mortgage to secure these notes
/ covers the full amount, and thus, al
! though three of the notes may have
! been paid off, the recorded mortgage,
not cancelled until the last note is
paid, shows an Indebtedness Of 50, 600
when, in fact, the debt remaining is
only $500.
1.-THE mean, malicious, deceptive
| character of this infamous circular is
! further shown by its studied conceal
ment OF facts. In order to make as
bad a showing as possible, it Omits
the assessed valuation Of the personal
property Of the state, aggregating
E$56,441, 1858 And it fails to state the
fact. patent and notorious in this
state, that the assessed valuation Of
the property of Kansas IS not more
than 80 per cent Of its real value. In
other words, while the real estate in
| Kansas is assessed at 1926, $50, 347, and
! the personal property at $50, Al, 263,
making a total Of 1851, 69l, $40, the
real value Of this property IS fully at
| 81, 172, 305,685.
Il denounce this circular as far
| transcending the bounds Oflegitimate
political discussion. / denOunce it as
a crime against Kansas. I denOunce
it as Infamous attempt to destroy the
credit and good name of Kansas in
order to serve a political purpose. !
denOunce its figures and its statements
concerning the Indebtedness Of Kan
sas people as false and misleading.
denOunce it as the act of a public
enemy. I denOunce it as an injury to
every citizen of Kansas. / denOunce
it from the standpoint Of d citizen of
Kansas, interested in the growth and
prosperity of the state, as q SANDER
Gus, lying, malicious attempt to break
! down the credit of our people and de-
strOy the development Of Kansas.
''Ihese slanderers of Kansas al
home find glad and willing allies
abroad. In a speech recently made
by Senator Vest, Of Missouri, at Kan
sas City. he Is reported as saying:
81 saw IN a paper yesterday, as
came on the train to this city, where
| by the recent census of Kansas, Oul
neighbOring commonwealth, that the
; price Of farms had deprecated in one
year $39, 100000, and farmers in west
z ern Kansas were leaving their homes
, drawing s per cent interest.
81 don't know where Senator Vest saw
this statement, but I denOunce it as
/ shameless faIsehOod. In 1887 the as
sessed value of the property Of this
state was as follows:
Lands. 1900 ........ 1852 goo, Sc
) Town Lots ........ ...-..-..... o6,64o.ol
, Railroads Il, % 6d
t Total ............. ...............s 25OO7O, IA
I ''FOr the year 1888 the assessed
c value Of the same property was a
q follows:
Lands............. ......... sos. 55s "a
n Town Lots .....-.-...-. ..-..-.. 1852 IS
. Total. 900. ............... Sos, ESQ 81
Q ''Thus, as is shown by the oficia
[ figures, the assessed value Of the farm
@ property of Kansas has increased L
4 one year $685., 881 the town proper
I ty has increased in value, Sl7,2l5, 26e
4 and the railway property has Increas
q ed in value, 81, 607, 263, making a tC
y tai increase in the assessed value @
: the real property Of the state, in on
/. year, OF S45, 16O, 2O3.
e kansas has been. ever since its OF
It ganizatiOn, a republican state. Ii
Il laws, its institutions have been frame
g and moulded by republicans. 1t
growth and developement have bee
j without parallel in the records G
q American commonwealth. The den
e Ocratic party has hated Kansas 70
# thirty-three years. 1t has defame
r Kansas duriBg all those years. It la
% sneered at It's sentiment, slandered il
\ institutions and laws, deprecated il
= prosperity and growth, invented an
- given currency to all manner of false
~ hoods that cnnId ininra the credit an