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

and issue the States notes to take up the old
onesi That has been the chosen and favorile
method OF Forakers fnanciering for the State. II
he pursues the same methods in his private af-
> fairs his credit must rate at zzz ia the CONNER
cial reports. This raiding the Sinking Fund IN
violation Of the Constitution is old Republican
trick resorted 70 whenever money was needed TO
supply deficiencies occasioned by extravaeance
In 1875. p. 124. vol y Of the laws. may be
when O Democratic Legislature. during Bill
Aliens Administration. appropriated $3.50 900 for
the Sinking Fund that had been borrowed " by
Republican. In 1877 Republican Auditor Of
State recommended that $4,000 be restored to
the Sinking Fund that had been " borrowed by
the previous Republican Legislature. Foraker
has gone step furtherl He has not only raised
the Sinking Fund, but he has paid no attention
70 the Constitution, and he has issued bonds to
raise money whenever there was a shortage. and,
like
Little Jack Horner, sat in a corner.
Eating his Christmas pie:
He stuck in his thumb and pulled out plum.
And said what a smart boy ami
There is another exceedingly mysterious but
trifing item of s25o.0o0 that wish TO call your
attention. On page of the Republican Auditor
of States report for 1885 is found the following
Received from Commissioners OF Sinking
Fund for amount received from sale Of $4,000 at
per cent, and 100000 at per cent. sixty-day
certificates of Indebtedness s2500oO"
Certificates of indebtedness" at 4 and per
cent interest to raise money to carry the State
Government Why. have We not been told that
Foraker, by his splendid" /" DC, could put ohIos
bonds on the market at three per cent INTEREST,"
During the several Democratic Administrations
Of the last twenty years the State debt has always
been paid at maturity. dollar was never taken
from the sinking Fund, /" and not single "certi.
fcate eofindebtedness was ever issued TO meet the
legitimate expenses OF the State. In what sec
tion Of the constitution did this remarkable and
wonderful Governor find the authority to issue
At his sweet pleasure "certihcates OF Indebted
ness7' Where sour safety II this Is to continueg
Who knows any thing about the condition Of our
State treasury Is It not a little BIT suspicious
to see the Strangers forcing the nomination OF
man for State Treasurer for third term for the
first time in the history of ohioa This too. when
there Is an explicit proviso in the constitution
providing that County Treasurers shall not be
permitted to serve more than two terms. II was
not applied to State Treasurers because II was not
thought that such emergency would ever arise.
1t has arisen at time when the best interests OF
the State require n change
The balance In the State Treasury at the close
of the fiscal year. November Is, 1885, after two
years of Democratic rule, was s254 40es.7g. ofthis
amount sos, lss.l7 was in the General Revenue.
Then Foraker and his followers bayed The moon
and howled that the State was bankrupt and her
credit ruined.
In 1887, November Is, after two years OF For
akers splendid" &C., the balance in the State
Treasury was s222. ga 7s and of this amount only
s65,36409 stood to the balance OF the General
Revenue fund After TWO years Of Forakers
Splendid, So, there is less money in the State
Treasury than In the same period Of Demo
cratic Administration. By the same sign II the
State was bankrupt under Hoadly, what is Il I'M
der Foraker? Ruined. November is. 1883, at the
end Of Foraker's third fiscal year. there was only
sll9 725.50 in the State Treasury. and this. too.
after $4,000 II, certificates of indebtedness had
been issued and the State had defaulted ON s6O0,-
900 of her debt due July l. 1sss. Are not these
figures startlingf DO they not indicate that our
finances are in a muddled, dangerous and un-
satisfactory conditiona
THE DOW TAX.
Before we leave this thrilling subject Of tax
alton and disbursements of the peoples money
let US take squint at the Dow tax;
Number of Amount