Crittenden press. [volume] (Marion, Ky.) 1879-1907, 1895-01-03

fraud is or can be charged against the
Democratic administration. No ex.
travagant appropriation or misappli.
cation OF the public fund can be COM
planned of; nor is the deficit in the
Treasury the result of inc1mpetency
either upon the part of the Democrat
ic party.
The Constitutional Convention
including the expense of the revision
of the Statutory laws to conform to
the new Constitution, cost the State
in round numbers s745, 600, a sum
far in excess of original estimates for
that purpose. In the meantime the
annual revenues TO the Treasury ex-
cept, perhaps, for the year 1892, have
been cut down by the reduction fthe
general tax rate s250,000, by the re-
duction of the bank tax about S110,-
600, and over sl06, $50 this year by
the s1rinkage of s25, 900, goo in the
assessed ia, able values of the State.
Furthermore: 1t must be considered
in this connection that the State has
carried an average investment for the
past twelve months of over 800, coo
in material aud plant for prison chair
factory and has invested $50, 700 thi, |
We r in new ce house in the peni |
made necessary by the law |
all convicts to be worked |
within the prison walls. All Of tins.
when considered in connection viii |
The further fact that there is nov tied |
up in litigation $3.50, 900 to 5000, 600 |
which SHOULD have been paid into the
Treasury, very adequately accounts
for the collapse of the States once
strong box, saying nothing Of the in
creased expenditures for criminal PR
secution, the increased per capita of
the inmates of the asylums, charitable !
institutions, etc, The wonder is that
the suspension OF the Treasury had |
not come sooner. which was only avo-
ded, however, by an heroic ,eilort to
postpone the evil day, in the vain
hope Of the promised relief that never
came, increase of revenue from tn
corporate franchises and other taxable |
values to be discovered by the revis.
ion OF the organic aud statutory laws. |
The failure of such increase in the |
taxable values t. materially, but to |
the contrary, the falling off thereof, |
as before stated, is presume fully as
much disappointment to Republi- !
cans as to Democrats.
"The talk, therefore, of capital
for the Republicans is all bosh, as it |
was impossible to foresee the disast-
rous effects Of the stringency in mon
ey matters and the consequent stagna-
ton in business and shrinkage in val
ues which has been visited upon Ken
lucky in common with the Whole coun
try since the adoption of the new
with its attendant extra
ordinary expenditure
Asked by the Courer.Journal cor
what in his opinion, would
be the proper step TO re ieve the en-
Darrassed condition iof the Treasury,
be said: "Thi. is purely legislative
matter. have managed, upon my
own responsibility, to bridge the def
,iIs from time to time, as long as they
were thought to be of a Temporary ma
Lure, without the suspension of pay
nent; but since It is developed that
there is a permanent deficit, of such
in the general expenditure
Iund, there must either be a reduction
n the current expenses Of the State
or an increase in the
-ate Of taxation, and | know of no |
'ther than legislative power to grant
he relief. The question may arise
iere, WHY'S it that can not continue
o bridge the deficit in the Treasury
Is | have done IN the past? | answer
or the simple re son that the interest
IN the now mesger deposits of the
States funds for the short time they
Ire permitted to remain in the depos-
tories will be wholly inadequate to
Jay the interest on the large amount
Necessary to borrow for that purpose, ]
nd having covered the net interest
ccrued in the States deposits for for
ner years, amounting to s56, $50 into
he Treasury it lie out of my control,
nd ! am not authorized to create a
ebt against the State for that or any
Their purpose"
Ex-United States Senator, James
!. Fair, died Saturday. He leaves
n, os,,,a ,,alnaJ a., eiO oOO Co0 n,