The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-09-23
WHERE REPUTATION u PoPCLA.

lar ara . corsec1@r. r~cz9s.-ica q DEBTS.
rstz-zzly STRIKES a responsive chord I1e-s
!. no<s4ng strs-g. n tns .ac. -A2r A.
kansas "a. sAow- . heavy Dezoc-z-Ss
majority IL n. ssg.e e-@cE@ca. AID y
-ozls rot - sG-2-ss1ag Z: ~. state relied
ID a SKI E2-g@- ere u Ncvs-oer- TIE
el<essoa 81 8-yaa ~oas4 - . coE7le-s
v9n5l-atscr % tss c,ane4al rotscy - A.
ka-.z. n re r-esens-. - esr swn c-sci-
ters. q policy L waaca shs las "a. sev-
era .-nstato-s. aiso n states now counted
a. sesns IN -as B-vAn cosann Flas ~
pusiAroa 81 Gets or Ire qualified resa-
ctatson Il tie fora % ~scaHnr' o. ~
funding" has seea 4 stock Performance
& z.zy cc The so1tae-a states, an1 IA
tsara! assistance n another scaling down
WI naturally - popular. A. IL WI e1-
ats . repetition o. n. programme With
suss sa-sssezs variation 70 ieaa additional
iase-es. 70 everybody bat tne gn.o-sln-
atss who have t--ised n . noc-ex-ssen;
STATE honor.
Arkansas hss . proud record - . reoa-
cs&tor Q. state bonds. n i14 TIA; sta.s
had . heavy Indebtedness. contracted a.
solisws: Bonts issued 20 star. banks, FOR
Ehse1 he s-ats resolved stock. a. -. 20:
DonEs issued on account CT ordinary state
expenditures. s. So 90; bonds issued N
al 9. re construction % railroads. s.. Sc
Go bonds issued for construction ct state
lsvies. g. 60 so TIE state cetsaited =
payment CT interest .or several years. aat
finally o. September .st. .sa adopted .
constitutions srnen5nsnt fatty r-putl2t-
Ing 5-zrto. 90 o. ne amount o. re debt
The creditors OF the state. who had pait
cash a. par for these bonds. were le:t
without . remedy. for 10 state can Be
sued sor debt wfthou; IL consent. This
record Of disaonor and bad faith has beeA
closely parallele5-
IN June, lsSs Mississippi incorporated
the Union Bank or Mississippi and sssuec
e 30 % of bonds taking stock Il tie
bank These bonds were sold for cash st
par. TIE bank fzlle. ana TIE state telib-
erately repG1lated IS bonds in Isc. ana
has never paid thu aoitsrs che cent since
Two millions 0. state Bonds were sod n
1850. a, = premium amounting 20 s2so. 30
The money was pu; into stock 0. the
Plsrts-s bank. which also failsd. and n
Iss.. by popular vote. these bonds were
also repu6iE.ei TIE constitution Of is7s
expressly soroics any future legislature
tsorn paying tAis homes, deb.
florida, during Us territorial existence.
Incurred beaded Indebtedness G. g go
oso. These bonds we're eoolly repuaistea IN
$40 withdrawing this exhibition OF
bad fab. Il succeeded IN ls55 In floating
another bond Issue 0. 81 &C, 90 which i
also later r-pu6lztet- Bob issues o:
bonds were so33 at par.
The 5oz5aa Indebtedness Of A,sSsna -
lssl vas 8. AS GO. IL 1855 (, w.s A2' os1-
After the wa large amounts O.. bonds
were issued IN az of railroads aggregs;-
ing IS coo 90. Ia 1874 funding hIiF' WAS
passed By which new bonds % The e-noun;
Il 3Ie.574 30 were issued 10 replace bonds
81 the face value Of 81 81. 40 Counting
over3ae interest this repu1larlo amount
ed % SIS 90. 90.
The bonded Indebtedness .. North Caro-
Ina Amounted TO =. soo. 90. II 1878 ''re-
funding b.if' passe. ~ which the ol3
bonds we've retired ard new bonds issued
every do,lar % the bonds issued PRIOR 10
Mag =. lsel. and 3 cents on The dollsr For
( bonds issued Between -sGs and ISGs In 1879
there WAS further scaling. tie Bonded m
I t-hIsiress having greatly increased Un-
+ der ;ass sealing" sl2.Ss.opa. with Interest
+ was repa4lased. and the rsrnalnlng .ndeat-
/ edasss sealed down tron'sls s72.ss5 10 81
+ oos.s.2 North Carolina ought certainly 20
cas-. strong vote FOR Bryan and another
Z g per cent sealing operation
South Carc. ms. = another one o. 81.
ssAtex which has 3esyaaae: l;s creditors.
and rhas q willing % vote tor Bryan and
/ ~ arge The circle % sharers n - srfa-ny
Tae bonded debt Q. that state Il 81 was
- ~ ~ - In SD the legislature
scaled down" this deb, 50 cents on the
eois- arr .ssue6 new bonds, which -.
+ unsovsInats creditors Q: ths state we-.
+ coul pe.le4 % accept
Ths stass bonds q oeo-s4. n is-I
Amounted 20 & % 30. besides considerable
a-~-&rs CT unrais interest Georgia let FER
cree1to~s 6own easy. -eputiating BY C.
g-ess. n ISL she -~psEis;sd x.tT5.no; In
w. 3, - 80. n So $50 90 ana N Is-s
* 80 This reputation vas c.tnchsd hv
+ TIE constitution % ST. wash <or5i.s s-y
payments - oe nate 70 ia 6eseaoeed
4 creditors
Tas 3e5t ot Louisiana wRs rs X. =. N
~ II June. is+a 8 r~tuss.nr ACT wax
passed. sca1ng 3own re ceet &c s. cents
81 tae so AZ Is 80 fisa0 aoo CT ne debt
was re2u4s4te.- u 1SN 80 oc1s..ta.loa
se4ses the seht - 5 Goats ~ tAs cellar.
sua -es1cea re rate 81 .n;e-es: or tie
rsw sanss - - sss-s, 20 pe- cent. PEI
s-aa = 20 -. srst svs wears
~er--ss>s has asso taken hand "a -
r1stseao- - Ms-cA - -SS a. at
eaessa nv ~hcs -. state soa3s8 !.s.Ss-
sfz-ss 49, s-s,-t .arn -Ae~s ws~s ,hr,.
easanA @. ,As. sza 80 CO; o. sase class
wzs a. - s01 = gs- o~rt. -especs.vstv.
~ts ao1Es iss1~. - as C. rzg-os =
seAse. 90 s. ecn-s - tas dc,ar an3 -
rats - rts~ssc v~.s rv<5,scaf 20 re- sen.
>ans 81 1hess va~sa1s repa1sAt3s> meas
4~es rasse& wEgst -@-st.-tr~.re se~to "a
opposition f-0@ - Sest esaxses n -
sees, 50 Nh1-a st2te son-g a-s sane.ty
rv >ass $ereth,~E Is ts-y 90 PASS g.
See se-- erposfse. 1es3s - ia 49,,
t-as ;se I~s&a ts-traoe 49, e-z raw
&sceatasoe sAers Az ga. tAes- states
a. NSey - s@ra e. - tAe S~vaa col
tr.a fN.s "a ~sa ssr~s- -res -set~w 4a.~s
- tss Hoekv vea7rases sr3 - -