Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-08-25
affection of people from whom it has
lifted debt of republican creation.
Missiouri-s Indebtedness in 1868.

Missiouri's Indebtedness in 1865.
The aggregate state Indebtedness on
January L, 1865, as reported by State
Auditor Thompson, was:
Old state debt--. ..s co. 900
Railroad debt, principal. -.......... ., 10I 900
Past due interest on same 5,9,l320
Interest on railroad bonds ...-... 43l coo
War debt Of 1872, reported at. ...... $50 900
Interest on same 2l,0O0
Defense warrants outstanding ..... 292 O99
Union military bonds outstanding I,23), 4S9
Interest on same, estimated at. .... 12'OOJ
Unpaid military claims paid in '6j-65) 3,6uO0O
Total debt s3S 70 l. sOs
Maj Warner says much on the stump
as to the debt of the state and the re-
sponsibility for it. Many of his state
ments are to be excused on the score of
his eagerness to hold Office. 1t is alto
gether improbra BILE that he himself be-
lieves all he says. Nor will his adver-
saries hold him too strictly accounta BILE
for the more frothy of the statements
which flow from his quick lips only, and
not from his convictions, for they know
that he chases what must ever be to
him will-o-tha-wisp. His Sedalia
speech remains the most deliberate and
apparently honest authoritative present
alton of the issues of the campaign
from the republican and mugwump
standpoint. What he then read from
manuscript it is not likely that he will
now deny, though he has some gifts in
that direction which have commanded
surprise if net admiration, and this for
NAL declaration from his Sedalia brief
is presented on the assumption that
Maj. Warner will not, at present., dis
avow it:
THE republican party. which came
into power in 1865, found the state in
debt in round numbers $50, 900. 600 In
1870 it turned the state over to it's sue
ccssor with debt OF but go, $50, 900,
having given to the people period of
five years of prosperity, uncqualled be-
fore or since in the history of the
state"
Elsewhere. pursuing the same sub
ject. Mai. Warner said:
''On the first day OF January, 1871. it
the bonded debit, was but $50, $50, 0O0
while on the same day in 1878 it had in
creased to 21.16S. 900 On the first day
of January, 1873, the state debt was but
SO. 1000 less than it was four years prior
to that time. That is. the democratic
party in four years reduced the debt
$4,000 against Il reduction by the re-
publican party of S15, 1908 in six
years"
That is the indictment made up by
Mai. Warner 1t is worth while to ex-
anime into the truth of the allegations.
A review of the history of the states
debt enforces the conviction that when
the republicans turned over the state
government to the democrats the entire
debt should have been extinguished and
there should have been a surplus in the
treasury. 1t has heretofore been shown
in these columns how the repu blicans
for 5000 900 railroad Sc
curities held by the state covering $780,
900. 900 of this debt The frauds and
briberics which were practiced in the
of this notable piece of
are matters of record and
are not susceptible of disproof. Repub-
licans high in the councils of the party
profited by the robberies which saddled
a debt of approximately 100000 upon
the taxpayers of the state. An ordinary,
honest management of the
finances of the state would have wiped
out the entire bonded Indebtedness
the imposition of a dollar of
tax for that purpose. 1t is to the last
ing discredit of the republican party
that the debt was not SO eXtinguished.
Every tax receipt is a reminder of the
evils of republican rule.