Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1889-01-25

!
thls interest and early last sPring the State OH
esu we're confronted with this embaErassmsnt
the Fiscal Agent at New YorL inaIlv made A.
Eangenents Tor the money necessary 20 nay the
coupons falling due July LIST. 1888, all the State
SS-Los.s 1ielh5533g q persona1 note Tor fourteen
Lnou6anu dollars lGl4- 90O). bearing interest at
sanaAEls 1ess Inc states Fiscal Agent holds
ne coupons paid as security for the note. Tne
49, s4I GOO name OF the state: and &c Is Inn
2ortanE that an appropriation be made, at once
~ t6is NOE - - - y ;is ~ ~ ls slle5H
"a 80 --.,.o ~ ne re1ponsLDlnUy Lhey assumed.
me next 1nstallInent OF interest on the Guam
~ ' 3s59 e9Tuncates Is payable on the LIST Of
Sllss 49, &C.; Inc coupons following are for one
tenth or the principal, with interest and fall due
s1l5 uASe OF eacn year thereafter until the whole
OF the certificate is paid. The legislature
ssnoold, theEefore, at its present session. make
the appropriations necessary to pay the pEinci-
pal ana inter due on this class OF certificates
9oT me year ie9J a9 wei az for the interest due
July LIST. 1885, and July Ist. 1889.
PRCE-RAID CLAIMS.
In accordance with the provisions Of House
Joint RESOLUTION No. Z, passed at the last ses-
was appointed as Commissioner to report, at
the present session. "a full and complets detail
OF All the Price-ra4d claims which are unpaid
and which have been audited and allowed by any
Commission heretOfOre appointed and upon
which Union Military Scrip has been issued, -
etc. He at once began the work assiRned him
has prosecuted il with painstaking industry ana
guidance, az foil information ooncgrning these
complicated and much-audited claims, as 1t Is
possible TO secure.
Your attention is directed In this connection
70 the reports submitted by the States Agent at
Washington, concerning the nature OF claims
likely to De assumed by the General Government
In discussions Of this subject 1t has been at
times, alleged that the United States viii. in the
end relieve the State of the payment OF such war
claims as the Legislature may ass ume and pay.
This, however, is only partially true CONGRESS
has steadily refused to pay claims for losses or
damage 70 property, or for property destroyed
during period OF war, fer interest on any
claims allowed 1t has always been ready and
d on
nay of militia or state troDs cail cd into The as AZ
vice OF the General Government.
These facts should be fairly understood. If
the State assumes the payment of any war claims
unent, transportation, subsistence, or pay OF
troops, it alone must bear the burden. The
United States Government viii not relieve it Of
dollar or the responsibility.
It is undoubtedly true that the United States
Commission which audited the Price-raid claims,
Der because the facts were not fairly presented.
Claims were made, In some cases, for property
destroyed" which should have been made out for
property taken for the subsistence Of troops:''
and other errors OF similar nature were made in
proofs submitted to the Hardie Commission;
If the State can have this class of claims sifted
from there, and sustained by positive proof. the
General Government VIII undoubtedly pay
them. But no relief can be hoped for In SO far
&c other classes OF claims are concerned, and if
should do go with full understanding of the
fact that it alone viii have to bear the burden.
The SJaUe, as trustee for the claimants, re-
cslved from the United States Government, in
1912, an appropriation of 1887 O54S9, and Of this
amount about go 900 was diverted or misapDlied.
The State is in honor bound to repair the wrong
thus done, and 70 pay TO those thus defrauded the
money due them.
SAVINGS BANKS.
During the past two or three years q number
Of banking institutions called Say
ings Banks" have been organized under
and IeseiVing deposits Of small sums from peO-
pie Of limited means. The value and impOr-
lance Of snch depOsitOries if the security afford
eddeposttOrs IS absolute, Will be generally rec
ognized- Properly managed, and surrounded
with perfect feguards. they encourage indus
try, thrift and economy. But the security az
6Orded their depOsitOrs should be unQuestioned.
The Legislaturs should provide for their OrgAni-
EatlOn, management and supervision, and should
surround them with such safeguards as will
single cent OF his or her hard-earned and slowly
accumulated capital.
RATES OF INTEREST.
In my rntssage to the Legislature OF 1885 q
recon endation was made that the legal rates
was renewed In my message OF 1888 and 1881.
Laws to carry into effect this suggestion were in
The rates OF interest established by our laws
ara higher than in any other State OF the Union
ezcep. one and the penalty they impose for
are equal TO those Of any other State. The CON
ditiOns existing when the present legal rates of
excuse TOT maintaining the presenU exc, sslVe
rates Of interest. They should be materially re-
prevent and punish usury. Our laws this
subject are notOriously defective, and the penal
ties they impose are wholly inadequate. l sim
Garsly trust Lhalt Wlen our session ehuss ~ can
no longer be said that Kensas allows a higher
contra rate Of interest and imposes a
smaller penalty for usury than any other State of
the Union And as nearly ali the members or
the present Legislature were elected on a plat
form which explicitly declares IN favor OF Il re-
ductiOn Of existing rates of interest, ana the I'M
5eet viii, no dOubtFeoeive your early ind favor
able attention
MORTGAGE LAWS.
The laws concerning mort cages need revision
and radical Improvement 1t should require
something more than mortgage to steal a mans
farm, either in this any other State. APP
praisement of property before It's sale under
foreclosure should be surrounded with the mos.
stringent limitations TO protect the interests OF
the debtor, add the right OF redemption sh ,1Id
chattel-mOrtgage laws invite Outrages on prep
erTy rights that are as fragrant as grand larceny,
and the wrong and Injustice that has peen done
under the shield Of these laws IS a disgrace to
the interests and rights Of debtors and mort
gagOrs against the greed and inhuman1ty OF
creditors and mortgages.
TRUSTS" AND COMBINATIONS.
The declaration OF principles upon which
nearly the entire body Of the present Legislature
was elected afhrms that all trusts and cOmbl-
nations to monOpotze food supplies or control
productions are dau g6rOus to the interests or
the people. and should be prohl blteu under the
SsVsrest psnaltiss of law and specifically men
tons as es pecially obnoxious and destructive To
ths ipterests of ali classes. the trust com
bination OF the paoking-hOuses TO drive out OF
business all other butchers, and thus control the
cattle markets we'll as the supply and pr-ces
of dressed meats"
No subject that has engaged the attention of
he lawmakers of the United States for q cen
turv past As Of such vital Importance to all
slssses of the people as is that OF pressing
Re sO-called -trusts'' or combinations OF cap
Tta1 TO control the market supplies and prices OF
ne country. The real purpose and effect OF
these combinations, no mAtUer what they may
pressnd, is, on the one hand TO TX the buying
Iaafn Of raw
ffghts or interests Of the producer or the pub
Gc and on the other to Tx the selling price OF
ne principal product without reference TO the
rfahts or interests Of the consumer and the
public. Wherever these trusts ara organized.