The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-01-14
IN LINE ONCE MORE.
concluded from First Page.l

$40, 700; Grand Army home, $40. 1000,
making a total of So. 152. 284: to which
add state expenditure OF $779.891 in con-
struction of university, normal school
and agricultural college buildings, and
we have a grand total Of $6,932, 115. of
which but $560.000 was derived from
state bonds not yet due, and $6,352, 175
paid from the pockets of the people for
the permanent and lasting use of the
generations to follow US. Only one or
two of our sister states, I believe, in the
construction of their public buildings
have adhered to the motto, PAY as you
60" as has Kansas. In nearly every
state public building has stood evi-
dence of public debt. 1t may be antici-
pated that about $1,000000 will be re-
quired to complete and equip the state
house; when the burden of state improve
ments may be laid down for a long
period of years.
The same favorable conditions exist
with counties, cities and school districts.
as TO buildings. that we recognize in the
state. Nearly all of them are amply pro-
vided for, and most of them are in part
or entirely paid for. Not ten per cent of
the annual tax-burden of the past will
rest upon the future of the state. in this
connection
Twenty-four private institutions of
learning, most of them religious denomi-
national, have earned a strong footing,
and some of them very high standing as
seats of learning, with an aggregate pro-
perty ownership of $1.713, go, and wide
ly scattered in location over the state,
each domiciled in buildings of its own.
Fame, Good Name and Credit.
There can be no more complete refuta-
ton, no more emphatic condemnation, of
the organized and persistent assaults up
on the fair fame, good name and business
credit of the people of Kansas, than is
found IN the simple recital of facts
have given in your hearing. In the light
OF this record of phenomenal progress,
let every lover of the state. every one
with faith in its future, gather comfort
and courage. Ia it we learn that through
all It's trying vIcissitudes Kansas has been
true to its motto, and gone steadily on
its course, sup to the stars" Its credit
as a commonwealth is the peer of any of
its sister states 4 Kansas state bond
would be as eagerly sought by the
investor as United States bond, if put
npon the market today. Its outstanding
debt is but $789.00O, of which S433 QUO is
in our state treasury, the property of the
school fund, and but S256.0J0 held
against it by all the world without And
over against this we have taxabl wealth
the accumulation of but thirty-four
years, the cash value of which is ST.
100000, 900.
The day of 10 per cent school and
municipal bonds selling at eighty cents
of their par value, has long since passed
Such bonds now, bearing per cent in
terest, will find their par value awaiting
them at the door of our own state treas
ury. or in the open market Private
credit, which has been the chief sufferer
from this Notwithstanding crusade, is
being rapidly lifted up and strengthened
by the payment and cancellation of OBJ
legations. and by the changed sentiment
of the people in regard to both ability
and duty to pay their honest debts.
The States First Duty.
The time l believe to be close at hand
when Kansas securities, public or pri-
Vatey will take their place beside those
of the most favored sections of our whole
country. If we are faithful to ourselves
and live up to our opportunities, the av-
erage life of existing farm mortgages
will find abundant money seeking in
vestment in their renewal at no more
than 3 per cent interest and that without
commissions But to accomplish this
we must cease talking about reputation;
and we must show an honest purpose to
pay our obligations by striking from our
statute books every law that has been
enacted to delay and hinder the collec-
ton of just debts To accomplish this
is the first duty, and should be the de-
termined purpose, of every lover of his
state.