Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1889-09-19

of the constitution sought to prevent, and the
money in the Sinking Fund, placed there to
pay the State debt, was used for other pur-
poses. For this act the Governor of Ohio should
be impeached, and made TO answer at the bar Of
the Senate for violating his oath Of Office.
The canal bonds and the bonds due In 1887,
but not paid, were refunded, to be paid as fol
lows, as shown by the Auditor of States report,
page IL:
On the 18th day of November, 1897 the
public funded debt of the State was s., .6s5
This sum consists of the following loans:
Loan payable July l, 1888, bearing
per cent. interest s. 100000
Loan payable July /, 1889. bearing
per cent. interest 25o,OOO
Loan payable July /, 1890, bearing 8
per cent interest .. $4,000
Loan payable July l, 1891, bearing 3
per cent interest -. $4,000
Loan payable July /, 1892, bearing 8
per cent. interest $4,000
Loan payable July /, 1898, bearing 8
per cent interest $4,000
Loan payable July /, 1894, bearing
per cent. interest. 25O,0O0
Loan payable July l, 1885, bearing 8
per cent. interest 25O,OOO
Loan payable July l, 1896, bearing 3
per cent. interest 25O,OO0
Loan payable July l, 1897 bearing 8
per cent. interest. ...... 25O,OO0
Loan payable July 1, 1885, bearing 3
per cent. interest 10000
Loan payable July 1, 1s99 bearing 8
per cent interest 24O,OOO
Canal loan, not bearing interest 1,l65
Total funded debt. s8,s4l, ,es5
Add outstanding skies, to pay which
funds are now in the Treasury :. A,sOO
Total. :. ss4l6,465
We have now had two years OF Foraker's
splendid, &c. and the State has defaulted on
half a million of its debt and issued Its promise
to pay, and used the money in the Sinking
+ Fund for other purposes, in violation of consti-
tuition and law The Democrats in two years
paid over $4,000, and Foraker in the same
time pays a little s400,0 900 of the State debt and
met every dollar at maturity. In the business
world that man is considered the soundest
financially who meets his notes at maturity,
and who does not take up one note when it is
due and pay 1t with another, In my experience
as . correspondent In Ohio, I have exposed
several rascals in public office, and 1 always
found that when official in public place was
evading the law, or violating its plain provis-
ions, 1t was invariably proved that he was will
fully stealing, or ignorantly squandering the
peoples money, This rule must hold good to
forakers nlsn-nAnueu nesnon. NOW iet US
Iake tne Aupitor report ,or iose' tne iast ina.
has been made, and this by Republican, and
let US zee how the State debt has been juggled.
In the Auditors report for 1887 we are told that
souuov oi 'ne stAle aeDe y eue 'uiy J. loee' Dut
when that date arrives this debt Is not paid.
Bonds payabie July l, lssO. to the amount OF
R,Nss Aknua-
$sOo,Ooo, are Issued 70 meet TINS dept, ana only
plain letter and spirit Of the law. On page IL Of
the Auditors report for 1888 we find the follow
Ing, On the 18TH day OF November, 1888. the
public funded debt OF the State was Ss.O46,66b.
This sum consists of the following loans:
1.sv.h,s 1rir 1850 ha.-,,ao
- oa,,t i,ta,a.+ q oso m,
-. ..,,.hIa ri, ,eoo hao-,,,, o
--oart tn.a-os. osoooo
s,.a~.-.h,o I'll, 100, 1,a.-,r..
=. -. i,ta-,., oso ooo
1oans n.vabla JuIv 1909 hearing
par cent interest oOOo
Loans ravabla INV 1904 bearino
ner cant Interest osoOoo
1....,o ~ 100. h..-,,.
- oant ir,.a.s.t mn
,sns - 80, .,.h1s ~, ,eo.. h.a,,n,
-. -. - ooo
p1,0 -. 'e..e' ao.
P-s 'u.s - A9''' 'e1e o.oooo
tI" 20 eeHs. ln'es 90.
P"yeoe '.S - Ao''' "s~e nm
Pei oe's co
Noens pesaoie .uS u 1850 ueAiins oso ooo
per cen'. ,nsere,. ,.o OO>O
Ans Pa!1DIs suy - A'e'' D'A'Ans ooo
pt1N -. oeue' coc
-. 80 -. = %o' ooo ooo
Eo-a,s-r, Ioan - haa-,,s ,nta-as, 5000
no,,sst,c AL. ss5
Total funded debt =, s. O46, ,665
Nov want IN po,nt ont a ramarkahle circum.
stance undar this snlendtd AZ of Foraker,s
financial administratiopl when a Democratic
Auditor of State went out of ofice the State debt
was "a a41 sas In Anr;l 1880 the stata debt had
Alcreasea 70 e''Ooo'4OO, oI oVer eOooo". "ne'
- roraEa. had i,,.t an.a,ss -, ~. ssoond
-. - 1~.;-,s - -. ~, Da,.o.-..s -
srsor,s,hls Co. daess. ss he d,d an his Ar.