The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1888-01-20

dated April /, 1885. amounting 70 oSs6.-
600 q part or the debt created by thel
Repu blican Lsgislature of 1855, b6afingIl
5 per cent. interest, and refunded at 32|'
per cent. The bends issued BY the|i
bsmocrats bear q per cent. interest.
and we're sold q premium that reduced
the interest 70 lee than per cent. The|
bonds Issued By the Republicans nearlyll
I'll bear per cent interoet. and no pre-
mium was received on any Of them.
But suppose Il b said that the o31000Ql
borrowed lest April TO pay the interest
on The State debt ought not TO Be charg-l
ed against the Republicans. think I'll
ought, for the reason that II the 6tatel
Owed no interest except the email smouutl
it pays on that portion Of the debt cro-l
|ated by the Democrats, Il would notI
need t. borrow money for that purpose \;
but suppose Ne deduct Ill that has beenl
borrowed since the present Republican
State officers came into ONCE, the $780,
Goo dated April 1. 1857, TO pay interest,
the State University hond or SEQ. 900.
dated February is, 1851, and State Uni
versity bond dated September !, 1857.
lfor $4,000, msking 942l000. That
would stiIl leave o4,62o. 1892 created
by Republicans. The Republicans is-l
sued in 1867 and in 1858, t3,90l. n
I463.29 non-negotiable bonds bearing 81
lper cent. interest, which are still ont
standing, and upon which the State alone
lpays an annual interest Of o23l, ,206.00.
The annual interest on the debt made By
the Republicaus 10 927l, ,76l99; On that
made By the Democrats 10 14l,600. The
entire revenue Of the State for general
Ipurposes II -, and | desire to-
lcaIl especial attention to the fact that IL
,ltakeo nearly one-fOurth Of the revenue
Ito pay the annual interest on the debt
Llmade By the Republicans.
Il The most important question for the
.lcomsideration Of the people ID, what Was
.Idone with the money for which the preo-
leut indebtedness was incurred : The
I people we'll know what was done with
1.-THE money received for that portion Of
1.-The debt created BY the Democrats. The
|. Democratic party can account for the ex
/ |penditure BY pointing with pride to the
!. .luew state House, into the construction
nlof which the o600,OOO State House
sloan went; to the three new hospitsll
eIfor the insane, located at EvAnsviIle
A Richmond and Logansport. institu
e|tions OF which any State might vel
be proud, costipg iu the d6greget'
= sIneariy one million and : hall Of dollars
i and 90 badly needed for the proper treat
d Iment and care Of the helpless snd -
'allortuoale inDane now oon1ned II th
!, ljai:s and poor.bouses. and which inststc
a |tioDs would have bsen equipped Tor %
lf|reception Of inmates had II not bscn 70
allthe outrageous derel.ction Of duty =
II the Republican House Of the last Gen
sf|ersl Assembly. The Soldier Orphan
= Home hss also been rebuilt on . plaI
with the dignity sn'
y Of the State. costing upward
q |of 100000; ffty-6ve acres Of ground :
81 Fort Wayne for the Institute for Feeble
e Minded has been purchased and paid foI
y and other improvements that might b
L mentioned, I'll aggregating not much les
! ethan 62,5O0,000. without increasing th
'oltaxos. and mourning On indebtedness Q
! :lleso than tl.b0O.O00. coating the Stat
1 lless than 3 per cent. interest. That
srl Democratic 6nanciering.
81 Now what did the Rcpu blicaus do VII
,dlthe money they received for the loan
:. made By them. They saddled on q
. State debt Of nearly 6ve million dol
:. s.lars, and left nothing to show for ]
THE Democrats point to the noble instl
,s tutious and Improvements made 2
,e them. What can the Republicans Poiu
1. to2 They erected no public building
o. except the iirst insignifcaut building Z
= X KnightstoWu, under Mortons odmtni'
\. tration, for the Soldier Orphans' Hom'
s-Iand the ungainly looking building
= the corner Of Tennessee and Washingto
3 Istreets, recently vacated BY the State Q
IL ncers, both costing only : few thouseu
:. dollars. This Il I'll that the State b
received at The hands OF the Republican
NJ las an equivalent for the doot o. nearI
ssIfive milIi6ns made BY them. and upc
1 which the people have to pay near
.Ithree hundred thousand dollars annu'
- Interest. The Republican, robbed g
Z, old sinkine fund, which was the scno'
I |. fund, of nearly four million dollar
y J" sQusndered TIE money, and then, 20 =
'.r'limburso The fund, issusd negotiab
I. bonds payable to the State, bearing
r.|por cent. interest; . very easy, uupr
!, cedented and unique way of paying on
- debt. They sousndered The money q
= time when no man dared 70 criticize 3
- publican rule. TO do % Was % b 4
- nouncod q { rebel sympathixer. III
= spoople are roapIng the benedt Of =
6nsnciering By being COZ
- pelled 20 pay nearly three huudr'
ihousand dollars annual interest.
~ What bee the Republican party ev
done il the administrstion Of State
ue' fairs that should commend Il to the :
On Iproval Of The people? i = not :
u author OF any Of the public institutio
s.. or the State its hand is not impress
IL. upon the development Of the State q .
10 stags OF it. progress. Il has saddled
the State : debt u nearly nvo millic
,auand did nothing for the State .
n. equivalent. Every time Il hes utte'
e. failed to accomplish any thing calculsl
az, 70 advance the prosperity and reno'
|3.. OF the state. In 1881 the Republics
Il !. had the Governor and majority in b
/. branches Of the Legislature and utte
ne failed TO accomplish anything except
Or spend the peoples money and signal
nsa THAR control or the state by ouocttno