Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-08-25
is on this fact that Maj. Warner cum

is on this fact that Maj. Warner cum
| ningly bases the charge which is
quoted above from his Scdalia speech.
An examination into the facts will en-
able fair estimate to be made of Mai.
Warmers campaign methods.
mark now, how plain word shall
put you down."
Under act of March 30, 1872, 6 per
cent bonds to the amount of S201, 900
were issued July, 1872, for the state uni
versity and school of mines and metal
lurgy.
Under the same act 6 per cent. GER
tificate of indebtedness was issued to
the state school fund for 5000, 900. Here
is an uaGuestionable increase in the
debt, on these items alone, of 81 ,O01, 900
Why was it made?
1t was made in settlement of the
amounts received for bank stock sold to
James Il. Eads, which the republicans
diverted from the schools and applied
to the reduction of the state debt In
SO far as the debt was reduced in Fetch
ers administration by these moneys,
the reduction was made through theft.
The republicans, in the name of the
state, robbed Peter to pay Paul, and
now point to the payment of Paul as
evidence of honesty. When their OPP
ponents pay Peter the sums stolen from
him in the name of the state, the repub-
icans point to it as an evidence of ex-
travagancc.
Nearly the entire increase in the debt
was due to the repayment of moneys
diverted from the school fund.
l.,
amounting to 100000, bearing per
cent interest, were issued July 1, 1872,
for the adjustment of lunatic asylum
No. ,, at St Joseph.
The amounts refunded to the semi
nary and school funds during the adj
ministration for moneys arising from
the sale, during Gov. Fletcher's admin
istration, of bank stock belonging to
those funds to j. b. Eads amounted in
the aggregate to 81, 1O1 200.
In 1872 Pacific railroad bonds amount
ing to 1925, 900 were redeemed and can
celed. Deducting this amount from
81, sol COO 1.-THE increase of the debt by
reason of the issue of certificates of in
debtedness and bonds in 1922. the net
increase of the interest bearing indebt-
edness for 1S71-2 was SS79, 900. This in
crease the facts from the record show
is directly attributable to republican
mismanagement.
Financial Record of the Democracy.
When the control of the state govern
ment passed into the hands of the dem
ocratic party on January 1, 1878, when
Gov. Woodson was inaugurated, the
state debt amounted to s21, 76s, 900.
Costly legacies of republican wrong
doing continued to embarrass the
finances of the state.
Under act of March IL, 1874, bonds
bearing 6 per cent interest and amount
ing to s1O4, 40 were issued to refund to
the stockholders in the State bank the
dividends on 1O,6S3 shares formerly
owned by the state, declared June 80,
1886. during Gov. Fletcher's admins
tratidp-
Under act of March 80, 1874, state
funding bonds amounting to $500, 900
were issued and sold and the proceeds
used for paying bonds falling due.
During 1878 and 1874 the fund COM
missioners Cancelled state bonds amount
ing to s1.4.2,410. Deduct the amount
of bonds issued. 1904, 40, and IA net de-
crease curing THIS duDlnlStrdtlCn OF
s9OS, 900 is shown.
At the beginning of the late Gov.
Hardin's democratic administration ON
January 1, 1875, the state debt amount
ed to Sc, 800, 900. Maj Warner disin-
penuously says of this: ION the first
day of January, 1875, the state debt
was but e29, 900 less than it was four
years prior to that time. That is, the
democratic party in four years reduced
the debt &29, 900 against reduction by
the republican party of SIS. 2o5, 90s."
The record shows the S15, Zoo, 900 re-
duction to have been accomplished by
misapplication of funds. which the dem