The intelligencer. [volume] (Lexington, Mo.) 1887-1891, 1888-10-20
al SS6, ,132 sc
In word, the democratic party paid


oHt for the same service in sixteen
years SAT 1897 Is less than the republi-
cans paid for a like service in eight |
years. Does it not occur to you that
any party asking to be re-instated i'll
the control of the affairs of this state or
country should wait until the dust OF
ages should obliterate from view for
ever such record? They will tell you
in explanation of the extravagant ex-
penditure of their general assembly and
the publishing of their laws and jour-
nails that in those days the Legislature
met annually. admit it, Was it for
the purpose of graphing with those
questions then so important to our
Impoverished people? l answer no.
RAILROAD JOBS.
But it was seemingly Tor the purpose
in part of enacting laws that would rob
the state of the railroads that justly and
legally belonged to the people, by
reason of the forfeltures made by the
railroad companies. Prior to the war
the democratic party, for the purpose
of opening up and developing the great
resources of the state, loaned the states
credit TO the various railroad companies
for the construction OF these roads,
issuing bonds to the companies and
retaining first mortgage on said roads.
The conditions of delivery of the bonds
were such that as the work of construc-
ton progressed, for every dollar the
companies invested in the roads the
state loaned them a like amount of
state bonds. The money of the CON-
panies, together with the proceeds OF
the sale of bonds delivered from time
to time, were to be actually expended
in the building OF the roads before
another installment of bonds were to
be loaned TO said companies.
f.! In this manner bonds of the state
amounting to S23,70l, 200 were deliv-
cred to the railroad companies, the
proceeds of the sale of which, together
with a like amount invested by the
companies, aggregated S47 ,402 900 as
the amount expended by said compa-
nies in the construction OF the these
mann line of railroads through the
state. The United States government
also gave the companies, as an induce
ment to have these great thorougiares
built, 1924, ,434 acres of government
land located in Missouri, To recapitu
late, democratic party $23,7Ol 900 ol
our per cent state bonds to the various
railroad companies for the purpose oI
developing the resources of The state.
and at the same time secured this loar
by taking first mortgage on railroad
property that cost S47 ,4O2, 600; also OIL
1,S24, 434 acres of land.
1t was the agreement with these
companies that they should pay the
interest upon these bonds and tht
principal when it became due.
i THE SELL OUT.
The war came along. All business
practically ceased All of the railroad
companies except the Hannibal Il st
Joseph defauited in the payment of the
interest on these state bonds. WheI
the war was over large accumulation
of interest had accrued upon sale
bonds. The republican party, in power
at that time, by its mismanagemen
sold out Or rather give away all o
these roads except the Hannibal & st
Joseph. The defaultIng roads cost owe
S4l ,000, 900 in their construction aut
were sold for the pititul SUN o
Sc ,13l ,496, thereby losing to The taI
payers of the state Sl4 500 ,504 of our
! per cent. state bonds, a part of which
You ore paving interests upon to-day.
The Hannibal 81 ST. Joseph Railroad
Company never defaulted in the pay
memt of interest, and in accordanc,
+ with provision OF the law they pait
into the treasury of the state S3,172,
S42 % in order to have the state releas,
its mortgage on the road for SS 900, 900
! ~, h,N fntn l..
payment of the bonds loaned this
, company. This transaction was CLOSED
up under democratic administration
and not one dollar was lost to the state
The republican party, party whicl
is largely controlled by those holding
. the offices under it, during its manage
, meut OF the affairs of the state permit
ted its officers to enrich themselves on
of money that should have gone int
your state treasury. | refer especial,
; TO the offices of secretary of state ant
I and that of state treasurer. 1t is a fac
that during their reign the fees of tn
secretary of state, outside of the regula
} salary, for some years amounted [,
5 over $40, 900 per aunum, all of whicl
= went into the pockets of the secretary
! When the democratic party took charg
g of the affairs of state it at once put
stop to this method by enacting lav
> requiring all money for fees of secreta
) ry of state to be paid into the treasur,
8 before the services are rendered, tn
| result of which is there has bee
: received into the treasury of the stat
since January /, 1875, the date
I democrat took charge of that office
/ ices aud incorporation tax amountin,
! to the following sums:-
1874 70. ...................$ II ,0O6 S
; lS7T-IS Observation-Disclosures. 2i,3I4 4