Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1888-11-09

payment Of losses by invasion by guerriilar.
| the entire amount allowed by the commits
sion OF 1873 was S6S2, go OF this amount
So Element has been made for 1854 O89 OF
old claims by hsissuanoe OF new certificates
under the Law o. 1857, amounting to $685.
I16 81 principal.
This pays about 20 per cent of the face OF
the old certificates and leaves yet outstand-
ing SlesS01 not adjusted, which will require
/ $3.50 new certificates to satisfy the whole
Some of these claims are in litigation, and
other certificates of small amounts have not
/ oeen presented for allowance. In some
cases parties having claims, had lost or de-
sUroyed their old certificates, and IN all such
cases the parties have fled affidavit of loss,
togetner with bond ofindsmnity as provided
by law IN other cases. On page 464 of this
report VIII be found q detailed statement Of
guerrilla claims audited.
SUGAR BOUNTY.
The law of 1887 providing that a bounty
sean De PAID upon sugar manufactured in
TINS state Is not very clear IN regard to the
appropriation, and should be amended so
a. 20 make the appropriation more definite.
II IS questionable whether any approDria.
tlon exists at present for the payment of
bounty. Section of the law, in any event.
WouId De OF no effect after June 20, 1889,
unless further appropriations be made,
STATE HOUSE.
Your attention isrespectfulIy invited To
the fact that imported iron is bsinq largely
used IN the construction of our srate house.
Ii seems to me that under our economic
SYSTEM laying every other consideration
aSloes no public buildings in the state of
Kansas should contain one pound of i'm
ported iron. All kinds of materials mann
Iactured IN America should be used to the
exclusion Of any others.
COUNTY AND MUNICIPAL INDEBTEDNESS.
The facility with which counties and cit
les issue bonds IS becoming almost alarm
ing. The enormous increase of indebted
ness within the last two years Is q matter
which should attract the attention of the
legislature
1t seems to me that the law of 1879. pro
Nid ng for funding Indebtedness, does not
contemplate the funding of warrants for
current expenses, from time to time, but
was intended to compromise and adjust old
indebtedness, or debts past due, and it
seems imprudent for any county or munich
paiity to create a debt for current expenses
IN excess of the levy for the year in which
the Indebtedness was incurred.
IN the issuance OF funding bonds, am
inclined to the belief that after a certain
number of years from the date of issue. a
sinking fund should be levied to redeem the
bonds, and the same should be issued in
such manner that the highest number of
series outstanding should become due within
one year from the date of the levy Of tax for
that purpose. This would prevent the accu-
mutation of money, and would save the diff
ncuity OF investing ana changing the sink
ing funds.
A bond made payable in installmeuts is
Objectionable to purchasers, is difhcslt to
record, and not desirable.
OF the SIS. 338, 061 of bonds registered
within the last two years, IS, 544s55O have
been issued for the construction of railroads
and the wonderful activity in that line shows
that the Indebtedness has not been incurred
without some compensation in return, as
the total number OF miles of new railroads
placed on the tax rolls are 3, 1913 miles of
main track, to lsy nothing of side tracks,
etc, with an increased assessed valuation Of
railroad property Of $40. 1874, 728.