The state republican. (Jefferson City, Mo.) 1871-1896, 1892-10-13
SEIBERT,S FACTS AND FIG CRES.

SEIBERTS FACTS AND FIG CRES.
AcCoRpING to Selbert's Facts and
Figures, the Republican party found
when they came into power in 1860,
q total state Indebtedness of $780,
600, 900. This legacy vas turned
over to them by the Democratic
party. They had bartcrcd away the
credit of this great state, by loaning
its credit to every wild cat railroad
scheme that was presented to the m.
What they could not steal they gave
away, and when the epubllcan
party came into power they found
the credit of the state gone and q few
worthless liens on broken down and
torn up railroads. What vas the re-
suit; They found at the State Capt.
tai leading Democrats from every
part Of Missouri, begging the lcgis'
lature to sell the roads and get out
of debt as far as possible. They
knew that these roads were practi'
cally worthless, unless completed,
and the state was not able to com
pletc them and the people would not
permit the legislature to further loan
the credit of the state.
This is known by every prominent
Democrat in Missouri. In obedience
to The demands of the people of this
state the roads were sold for every
dollar they would bring, and they
we're completed 10y the purchasers.
Such prominent Dem cra,s as Nor
man j. Coleman, as. :. Rollins, Jno
Doniphan and Judge Ryland, mem.
bers Of the House, aud Senators
Essex, Parks, %Spallnhorst and Judge
Woerner, all vo ed for and support.
cd the measure to sell the roads.
The state had a lien of $1,000, 900
on the Missouri Pacific, outside the
interest. The legislature sold the
road for $4,000, 900. Aud every
body knows Mr.. Garrison was glad
to sell it to Jay Could for $1,000, 900
This enormous state debt of over
SIG. GOO, 0On, fOstcrcd upon the pco.
pie by Democratic Encouragement,
was bleeding them to death, but by
the excellent management of the Re.
nnhIiran. .party. in the sale of these
reduced TO S2l ,G1j,O 900 in four years
Clan. !, $500,
When b. Graft Brown was elected
governor of Missouri in 1870, the state
debt had again been reduced almost
1000, 900 and was at that time only
S20,SS9, 900. At this period the Re.
publican party turned the state ovrr
to the Democrats, and what do we
find: We find the state debt, accord
ing to Mr.. ScihrrttS Fact, and tig.
urcs, on Jan. !, 1881, ten years from
the date when the Democrats took
charge of the state, SO, 5O9, 900, or
a reduction in ten years Of only 81.
$50, coo, or AZ average Of about
per year rs against Il re.
luctiOn by the Republicans of Slj,-
10000 in five years, or an average
of 5000, 600 per year. while the
ratio Of Democratic reduction Oh the
basis fails to $4,000 per year.
In 1881 the state debt was, rs stated,
SO, 100000 in 1891, two years ate,
it was, Sll, lGl .jjS.23, Il reduction
of S., 800 COO, ard how wa, it done?
Was it through the economical man
agcmcnt of The affairs Of Missouri?
Let's scc:
Realized from the Hannibal a.
st, Jo, r. R...... ...,... 50. $50. 600
~Ilannil al Il Joe Il. II. bonds
in treasury. ........ ...... lG7 900
Interest saved on Hannibal a.
ST. Joe md, btclncss in 10
years SOC. $50
Received United States tres
Ury ........... ......'...... 600 600
in interest between
present rate aud q per cent
interest ............... -. 900 900
on bonds estimated
abOut....,. ...... ......... 200 900
lblul 49, .'.'.,..,'. -. ST., SHI UlU
The difference between SIS, 5OO, 900
and S6,S97, COO is Sl,GO3, 900, tie
debt reduction for which the Demo.
party i, entitled to credit in tie
last ten years, thai is TO say, that
much only was paid out of the gen
CrLI revenue of the STATE dtriV,d
from taxation. The question is what
l"camc Of the balance that was col.
lected from the people through the
increase Of the assessed value of the
property Of this state.