The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-01-13
] YOU PAY 1T.
Attention: Citizens of Topeka !;
Citizens of Kansas
Do You Know That Every Man
Woman and Child
In This State Pays S8.43 of the
Bond Issues?
ARE YOU FULLY AWARE
That Kansas is Plunged Into a
Debt of S1O,0OO,O0O
And Topeka Into One of Nearly
100000.
BY GOLD GAMBLERS
Who Have This Country By
the Throat?
Before the Bond Issues Are Paid
Thirty Years Hence
The Enormous Sum of $780,
100000 Dollars
IS TO BE TAKEN
From the Pockets of the Amer
lean People
And Transferred to Those of
the Bond Holders.
is TO BE TAKEN
From the Pockets of the Amer
lean People
And Transferred to Those of
the Bond Holders.

Not one person in thousand in Kan
meaning of the bond issues to every per-
son living in the United States. The
people have been startled, it is true,
when the news of a new issue to ''protect
was soon forgotten, and they have settled
down into the usual channels of business
life without much protest. The issue
now pending is for $10o,0OO.OO0 which
will bring the public debt saddled upon
the country by President Cleveland dur
ing the last four years up to the enor-
nous figure of $262, ,OOO,U alone for
principal, which has been created for an
alleged protection TO the gold reserve.
This administration has proved a very
costly luxury, and all because the "gold
reserve must be protected"
While President Cleveland is prepar-
ing to enjoy great fortune, which, it is
said, he has amassed, the people are com
PEELED to face an enormous load of debt
and the capitalists and boRdholders clip
the coupons aud rake in the money wrung
from the wage earners and producers of
the country.
To bring the matter directly home,
what does that $262, 900, 900 of debt mean
to the people of Kansas and of Topeka?
1t means primarily a tax of $37 upon
every man, woman and child in
the state. 1t means a tax of $1875
upon every family in Kansas. But
that is not all. This is only
what will be required to pay the princi-
pal, There is $10,000.000 to be paid
every year in interest to the bond sharks
and English money loaners who invest
in American securities because they
guarantee a safe source of income.
The interest on the bonds amounts to
over $300,000.000, as they run thirty
years; that is the government will paw in
interest more than the face value of the
bonds. This makes the total amount to
be paid to liquidate the recent issues,
$500, 100000.
Now take your pencil and figure what
this means to Kansas. There are 1,3O0.-
O00 people in Kansas and the share of
every man, woman and child is So 43.
This may be found by dividing $780,
100000, the total amount to be paid on
account OF the bonds, by 10000
600, which is now the es-
timated population of the United
States. The share the people of Kansas
are compelled to bear will be found bv
multiplying So 43 by the population of
the state which will show that the citi-
Zens of Kansas young and old. are face
to face with the enormous debt of $IO.-
959, 600 as a result of Cleveland's bond
issues. That is three times as much as
the state capital will cost when it is com
pleted.
In Topeka there are about 81. 1000 peo-
ole Their share of the debt is 1926 1000,
Ehlch would build both the new court
1use and the bridge and there would be
E35, 600 left.
Leaving out of the question the steal
OF the Morgan Belmont Cleveland syndi-
cate and the interest and taking only the
principal of $262, 100000 in considera-
ton the share Kansas will pay is S4.S75.-
O0O. and Topeka's share of the burden is
$lSl .25o, which is almost enough to
build the proposed new bridge
Inc most exaspersting feature of this
matter IS that this enormous debt accom-
pllshes no purpose; it pays for nothing.
We haven't cent to show for it The
money is gone and we have nothing in
its place, but "gold reserve" which dis
appears as rapidly as it is replaced. We
shall spend nearly 100000, 900 of dollars
and there will be no more eouivaIent
than if we had thrown it into the Atlantic
ocean.
The people are ready to say that auv
law which authorizes the president and
his secretary of the treasury to force
such an enormous debt upon the fami-
lies OF the country is menace TO pros
perity and an outrage upon the people of
the nation.
While the vaults of the treasury are
oIleo with silver, which is also a lawful