The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-10-07
VOTE THE DEMOCRATIC TICKET
Why All Taxpayers, Particularly in
Raleigh, Should Vote for the Demo-
cratic Candidates.

Why All Taxpayers, Particularly in
Raleigh, Should Vote for the Demo-
cratic Candidates.
Especial Cor. STATE CHRoNICLE.)
The following is an extract from my
report of 1888:
In examining the report on the debt due
by the city it is probably not improper to
state that this debt with the exception of
S25, coo for the Centennial schOOD is a leg
acy left us by the Republicans when they
were turned out of office in 1875. had
intended to show, by a statement made
up from the RECORDS, how reckless and
cXtravagant that party had been during
i'll all thighs else. they were prudent
enough to leave no WRITTEN evidence of
how the money was spent With the eX-
ception of the Market House debt of $50,-
600, the remainder of the debt contracted
was used apparently for current expenses.
Under their management, therefore, we
nnd that the entire revenues OF the city
were used, and in addition to that ONE
FOURTH of her income was mortgag al for
twenty five years, though they never Quilt
a school house, sent a child to school, or
paved a yard of street.
Occasionally the remark is made that
those were days of prosperity, and that
| Republicans. The Republicans did man
age to make debts without providing
| for their payment, to keep the market
flooded with city warrants which sold for
IS to IS cents on the 81, paid their en-
| plOyees in this deprecated paper ruined
the credit of the city and left everything
i'll we'll nigh ineXtricable confusion, which
| it has taken their successors. in office
several years of careful management tC
untangle. having to pay for their extrava
gance, and at the same time live withir
our income
The following figures are somewhat
startling
Market house bonds $4,000, 80 years
per cent interest. These bonds principa
and interest have been paid by th
Democrats since they assumed control
and the amount so expended was $3.50,
900 Funded debt, 1000 6 per cent, q
years, principal and interest, 1854, 900
Funded debt, $4,000, 6 per cent, 3
years, principal and interest, $111, 900
Total, 1895, 600.
To meet the principal and interest O.
these bonds required tax of 3335 cent
on the 800. worth of property, bu
the Republicans paid the interest only
and BORROWED the remainder whic
SnOulQ nave gone 1utO IN
sinking fund for current e2
penses. The Democrats there
fore found matters as stated in my rt
port above referred to. Since the Legis
lature redistricted the city, thus putin
the Democrats in control, they hav
, paid about half of the deb
: but not until 1902 will the last of til
Republican legacy disappear. Is
possible, with this experience, for az
S citizen who pays taxes or who has an
: regard for himself or his children
vote for the Republican candidates?
majority of the next Legislature is r
publican, ALL OF THE GOOD WORK THl
HAS BEEN ACCOMPLISHED FOR THE PAST
YEARS WILL BE UNDONE; THE CITY VII
BE AGAIN REDIsTRICTED, THE REPUBI
CANS WILL ASSUME CONTOL, THE HIC
CREDIT OF THE CITY RUINED AND tt
e INCOME SQUANDERED.
, LOOK AT THESE FIGURES, COUNT tt
COST. AND VOTE ACCORDING TO YOI
INTERESTS.
q AJE THOMPSON MavOr