The intelligencer. [volume] (Lexington, Mo.) 1887-1891, 1890-09-13

ing OH tnc htdiD ututs lnlS ulutIcbCe
is accounted for by the fact that $47S,-
333 90 of the school moneys illegally
withheld was 'sapplied for some
other purpose.
Had the liens held by the state on
$45, 900 900 OF railioad property 20
secure payment OF $3l, ,735, 900 been
fairly aud honestly fOreclOsed, the
whole state debt would haye been ex
linguished on January /, 1869, without
the misapplication of a single dollar OF
school fund, seminary fund or school
moneys.
During Gov. McClurg's administra-
tion-ls6y aud lS70-the debt was
reduced 1886, 900.
Daring tho administration OF Gov.
b. Graiz Brown, liberal rel Lublican.
$20l 900 of per cent. bonds were
issned for state university and school
of mines and ineiallurgy "lO settle for
bank stock sold - Capt. Esds Ia 1866"
when the prOceetiswere illegally applied
10 the reduction of the state debt; and
a 6 per cent. certificate Of Indebtedness
vas issued to tue school luud for $780,
900 TO reimburse the school fund ''iOr
! bank stock sold to Capt. Eads in 1866"
when the proceeds were misapplied to
| the reduction OF the state debt. Bonds
amounting to 1900. 900 for construction
of lunstic asylum at 81. Joseph were
issued.
During the two wears, 1871 and 1872,
S422 900 state bonds we're redeemed
aud cancelled. The net increase OF the
debt was 1879 600,
On January l, 1873, when The demo-
cratic party look control of the state
government, the interest bearing debt
consisted OF the following items'
BONDED DEBT.
State bonds proper, q per cent. S40SCOC
Pacific railroad, per cent. ...... 4S9I OOt
Pacific railroad. southwest branch
| u per cent. i,fo' 'VUt
Pacific railroad 20 ih Invest branch.
I per cent. ent...................... I,aS9, ,OOt
North Missouri railroad, g per cent 2863QCt
ST. Louis and Iron Mountain rail-
road, q per cent. .......-.,...... 3,3i9,OO'
Cairo and Fulton railroad. q per
cen, 392 oct
Platte county railroad, q per cent !0i.C COZ
q ner ceut ......'...."...... 3 900. .OOC
| ,oIidatiuu q per cent 80. e. 2,y27 W!
State university. u per ceHt...,... 2Oi ,OO'
cent t"NW 'n'F '. 200 90,
Total $40 Sis OO
SCHOOL. FLND CERTIFICATES.
Certificate OF Indebtedness issued
July I. 1872, To reimburse that
fund for bank stock sold 10
1871. ............. .cOO.O0
Total interest bearing debt. .... 81, ,iGs 90
On July l, 1890, the state debt consisted o
the iollOwIn,:
BONDED DEBT
Rarosd honis. d per cent. 81 .6S2 GO
Funding bonds, j l-2 per cent. 900 OJ
Total bonded debt. .............. SS 5S2 40
SCHOOL FUND CERTIFICATES.
Six per cent school fund cerIiiuatea
Issued July |, 1881 .,... ........ $500 ,OC
Five per q, nj. school fund cerIit-
Gates. Issued 1888 3 G........ ?al OF
Total school fund cetifcates. s3,l4O, OF
SEMINARY FUNDS.
Six per cent certificates of indebt-
ednrss, issued March u. 1881 .. $l22 O(
Five per cent certificates issued,
lssa-4-5.G-s Observation-Disclosures. 4ISOC
Total seminary fund .......... S54O O(
Statement oI debt on July 1,lS9O;
Bonded debt .............,.......s as bs2 On
School fund certificates. ......... 81 U,Gl
Seminary iund certificates. ..... $40. o,
Total interest hearing debt .SI2 2G2 q
, -i RECONCILIATION.
. ionded debt,lsnuary |. lsTl .. S20 SliS On
BONDED debt July !. lS9O. ....... S5S2. On
7 Decrease ol bonded debt ..... $I2. o.
. Under the Democratic aIministraiio
in 1881 aud 1882 the Hannibal and :
Joseph Railway Go. WAS forced to pm
, sufficient money into q q state tIrasur
. 10 red, em the $3,mu,t 90 bonds Ioane
20 that company, This is the only raj