Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1889-01-19

coupons falling due July LIST 1859, Al tie 0t1f
Soossnd dollars bs osi 1oi int aoosee
Jsnusss. ,sse The states tiscsi Amt S ' hoiS
sotien shns TAKEN vas nscssss1y to protect =
credit and good name Of the 0tats: and e = im
portant that an appropriation b made. e ono
nois 1 of tSe snS ;S;sv;ns the .isns
The next inst.llment Of intsre.t On the Quan
I'll claim certificates 10 payable On the 1t o
solg; ls y ~ Inc coupons following are for one
on and after the LIST Of February, 1890, and on e.
same date Of each year thereefter. until the Vhol
q ne .Seruncafe is paid. Tho Legislstun
the appropriations necessary to pay To princi
Pal and intersst due on this elias. Of oerti6csts
9GI me year Isso. &c we'll a for the interest du
July lst 1883, and July 1st 1889.
PRIoE-RAID CLAIMS.
In accordance with the provisions Of Hous'
Joint heeolution No. 2, passed at the lat oes
eaon or the Legislature Gen. John @. Caldwell
vas appointed a. Commissioner to report 9
me present session, "a full and complete deal
OF I'll the Price-raid claims which are unpaid
end which have BEEN audited and allowed By any
S%P1 41;on hhs5stOfors appointed and npc.
stc. he ct once began the work aasiened him
has prosecuted il with paiastaking industry anc
enay. and VII be able to present. for Xoul
icompHcated and much audited clsims, as It
possible 20 secure
Your attention Is directed. In this connection
70 the reports submitted By the stete's Agent a
likely to be assumed BY the General Goveenment.
I'm discussions of this subject, it has been, al
amee, alleged that the United btatss win. in The
claims a. the Legislature may ass ume and pay,
This, however. is only partially true Congress
has steadily refused to pay claims for losses OF
during q period Of VA. or ter interest on any
claims allowed. It has always been ready and
willing to assume and psy State claims based on
pay of militia or State troops call ed into the
vice Of the General Government.
These facts should be fairly understood. II
the State assumes the payment OF any war claims
except those based on expenses for the equip.
ment, transportation, subsistence, or pay Of
troops, it alone must bear the burden. The
U9ited States Government will not relieve 1t OF
dollar OF the responsibility.
1t is undoubtedly true that the United States
Cowmission which audited the Price raid claims,
in 1871. improperly rejected a considerable num-
Der because the facts were not fairly presented.
Claims we're made, in some cases, for property
destroyed" which should have been made out for
"proD9rty taken for the subsistence Of troops"
and other errors OF similar nature were made in
ssts to ahs FLAIR asss sm.
from Others, and sustained BY positive proof. the
Ge16rA Government will undoubtedly pay
then: But no relief can be hoped for n 80 fes :.
the State assumes payment Of any OF these. 1t
should do go with full understanding of the
fact that it alone win have to bear the burden:
ceiyed from the United States Government, in
1B7l an appropriation of 1887 %, and of this
amount about go 600 was diverted or misapplied.
The State is in honor bound to repair the wrong
thus done, and to pay to those thus defrauded the
money due them.
SAVINGS BANKS.
During the past two or three years number
OF banking institutions called SAY
our laws, and many of these are inviting
add receiving deposits of small sums, from peo-
pie of limited means. The valne snd impor-
lance OF snch repositories. if the security atord-
eddepositors is absolute, will be generally rec.
ognized. Properly managed, and surrounded
with perfect safeguards. they encourage indus
forded their depositors should be unquestioned.
The Legislature should provide for their orRsni:
Eatlon, management and supervision, and should
surround them with such Safeguards as will
make it impossible for any depositOr to lose q
single cent of his or her hRrd-earned and slowly
accumulated capital.
RATES OF INTEREST.
In my me sssge to the Legislature of 1885 a
rec omu endation was made that the legal rates
OF interest be reduced, and this recommendation
was renewed in my message of 1885 and 1851.
Laws to carry into effect this suggestion were In
troduosd, but failed to receive Affirmative &C
ton.
The rates OF interest established by our laws
were fixed more than twenty years ago. They
are higher than IN any other State OF the Union
excep. one and the penalty they impose for
usu;y is wholly inadequate. Kansas .ecurities
are equal to thoee of any other State The con:
ditions existing when the present legal rates OF
interest were fixed have changed. There Is no
excuse for maintaining the present excessive
rates of interest. They should be materially re-
duced. Severe penalties should also be liked 70
prevent and punish usnry. Our Laws on thus
subject notoriopsly defective, and the penal
ties they impose are wholly inadequate. l sin-
cerely trust that, when Your session ends. it can
@h.&K all oh
contra rate of interest, and imposes 9
smaller penalty for usury, than any other State OF
the Union. And as nearly all the members OF
the present Legislature were elected on plat
form which explicitly declares in favor of re-
duction of existing rates of interest, and the I'M
position of severe penalties for usury, this sub
ject viii, no doubt receive your early and favor
allie attention.
MORTGAGE LAWS.
The laws concerning mortgages need revision
and radical Improvement 1t should require
something more than a mortgage to steal nan
farm, either in this or any other State. Ap-
foreclosure should be surrounded with the most
stringent limitations to protect the interests OF
the debtor, and the right of redemption sh Md
not only be extended but made secure. Our
chattel-mortgage laws invite outrsges on prop
erty rights that are as fragrant as grand larceny,
and the wrong and Injustice that has been done
under the shield of these laws is q disgrace to
civilized government. Our mortgage laws
should be generally remodel.d, so as to protect
the interests and rights of debtors and mort
eagors against the greed and inhumanity of
creditors and mortgages.
-'yRUsTs" AND COMBINATIONS.
The declaration of principles upon which
nearly the entire body of the present Legislat1re
WAS elected afirms that all trusts and combi.
nations to monopolize food suppkee or control
productions are dangerous to the interests OF
the people. and should be prohibited under the
eeverest penalties of Laws; and specihcatly men,
tons, as especially obnoxious aud destructive 10
the iptsrests of ali classes. 1.-THE trust or com.
bination OF the packing houses to drive ont OF
business all other butchers, and thus control the
cattle markets a. veil - the supply and prices
Of dressed meats."
No opbiect that has engaged the attsntion OF
thofsW-makers of the United 6tates Tor . cen:
tnry past - Of such vital Importance 70 gu
olasses Of the people - ID TINT OF supptesslng
the 70 called suusts" or combinations OF cap.
ifal 20 control tho market supplies and pEioee OF
IT, coupiry. The real purpose ana enecs o.
fheee COZ hinations, no matter What ehey may
pesesnd, il on the one hand. TO N the poying
pgice OF raw products without referenoe to ths
7ehts OF interests Of the producer or the pub;
do end ON the other to6x the eoll1ng prioe o.
- urinoipal uroCiuct without reteConco 20 the