Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-08-25

HcleHI answer 10 WI10erneSS OF repuO-
ican lies.
Democratic administrations continued
steadily to pay off the debts which the
repu blicans corruptly fastened on the
state.
At the beginning of Gov. Marina
dukes administration on January 1,
1885, the state debt had fallen to s15.-
243, 900. And the credit of the state had
been lifted up.
The careful administration of Mis-
souri's financial affairs had attracted
the attention of capitalists all over the
country, and the bonds of the state
ranked among the very best in the mar
ket.
Therefore it was that the act of
March 81, 1855. was passed It author
lied the issue of 81, 600. 900 of per cent
twenty-year bonds The treasury Off
Gals, becoming convinced that 81 per
cents. could be sold to an advantage,
advertised and sold 81, $50, 900 of them
at premium.
The sinking fund, the surplus demo-
cratic economy preserved in the revenue
fund, and the proceeds of the sale of
the So per cents were applied to the
redemption of 81 ,626. 900 of per cent.
bonds. The saving effected in interest
was as notable as the reduction on the
principal of the debt.
Under act of March 81, 1885, certifi-
Gates of indebtedness were issued to the
school fund in 1885 and 1856 amounting
to 100000. and to the seminary fund
amounting to $4,000, bearing per
cent interest. Gradually democratic
rule was furnishing substantial en-
dowment to the schools OF Missouri
Republicans stood up to object.
The net reduction of the principal of
the interest be lring debt for 1885 and
1886 amounted to 81 .O63, 900. The inter-
est rate was reduced "a per cent. on
81 $50, 600, amounting to s33, $50 per an
mum.
On January 1, 1887, the interest bear
ing debt Of the state amounted to S14,-
$50, 600
In 1887 and 1855 there were sold So
$50, 90 of the 81 per cent. twenty-year
bonds at a small premium and the pro-
ceeds We're applied, together with the
sinking fund, to the redemption of &c.
652, 600 of per cent bonds. Demo-
cratic management of the states
finances was proving remarkably eff
fectivc.
Again opportunity for republican
growls was afforded VIXEN, under the
act of March 81, 1888, there We're issued
in 1886 certificates of Indebtedness to
the seminary fund amounting to SIG. 200.
The net reduction in the principal of
the interest bearing debt in the years
1887 and 1883, under Cows. Marmaduke
and Morehouse, amounted to $685.
The interest rate was reduced 81 per
cent on $3.50, 900, effecting saving of
s141, $50 per annum.
How Democrats Stand Up For Missouri.
The interest on the state debt by
reason of the refunding of 100000 of
per cent. bonds at 81 per cent during
Gov Marmaduke's administration was
reduced s175, 900 annually.
The net reduction in the principal of
the interest bearing debt during the adj
from January 1, 1885. to
December 81, 1883, amounted to g, DBL
700.
Democrats, it will be seen. were
standing up for Missouri, almost gen
began to make three-thim-
Die talks about it.
At the beginning of the present demo-
.ratic administration on January 1,
$50 the state debt amounted to Sl3,-
81, 900.
Under the act of March 81, 1888, a
certificate of indebtedness was issued
% the seminary fund May Is, 1889, for
$. 900.
During the year 1889 bonds to the
mount of s742, 900, bearing 6 per cent,
we're redeemed and cancelled.
The net reduction of the interest
,earing debt amounted, therefore, to
1877 ,OOO
The state interest tax for 1889 was 10
.ents on the 800 of assessed valuation,
IN immediate reduction of one-half, as
Igainst a tax of 40 cents when the re-
,ublicans were exclusively in control.
On January 1, 1890, the interest bear
ng debt of the state amounted to S12,-
80, 600 Six months later the debt had
,een reduced by soO1, 900.
July of this year the principal of
he bonded debt had fallen to Sc, $50, 900
nd continuance of democratic rule
or but few years more will see Mis-
ouri free from debt. The great burden
f bonds which republican ring rule !!
weighed down the helpless state from /
which they increasingly pilfered light
ms yearly as democratic economy does
is perfect work.
The educational interests of the state,
yer zealously guarded by the democra-
V. receive now the income from per- |
nanent endowment which two years !
go reached nearly $4,000, 900 of certifi- |
ates of indebtedness, the annual inter- |
st being distributed to the common |
chools and the university. The chill |
rem of Missouri will continue to re- |
Give the increasing income from that |
fund until such a time as the /
epublicans may come briefly again in |
over, when all experience teaches that i
he fund will b, diverted"
A steadily diminishing de bit, a decrease !;
n taxation, great and growing school |
und for the children of the state-these |
Kings accomplished the democracy of
Iissouri offers to the people in denial
f Islander in exultant vindication of
wentv wears of honorable service and !
S the large guaranty of the future.
Making Sure.
She-Then. you'll take me for a drive