Potosi journal. (Potosi, Mo.) 1894-1929, 1900-04-18

lutCttSt. ttittt Er'.ot-.Opv Is III NV ltJs
three and one half per cent inter
est. Not one dollar Of the DEL,
has been reduced to three per cen
interest.
Should it he true that since .h,
first day Of January, 1899, the sun
of 81 oh, 900 has been paid on Tic
State debt. and that before the 31s1
day of next December another hall
million shall be paid, that would
still leave the State debt at s., 521,
S39. y.
The editor Of the Monisor knew
when lie was writing alsst article
that in general way 1T was abso-
lutely untrue: not altogether un-
true in what it says, but in what it
fails to state to complete the facts.
| No reasonable person will con-
tend that the fair construction of
the Monitors article tends to any
conclusion except that the State
debt is practically reduced to about
two and a-half millions Of dollars,
which is only drawing three per
cent interest: and in that sense it is
absolutely untrue.
In this connection it may not be
out of place to present a little ac-
count for the good people of this
county to ponder over-thc tax
payers to think about in connection
with their taN-rcc eipts.
When the DcnDcrats took charge
of Missouri's finances and their
management, the state was indcbt-
cd tan old Democratic debit to the
amount of $50, $50, 900, and there
was due the State from the Hanni-
bal & St. Joseph Railroad Com
pany (Which that Company has
paid, principal and INTEREST," S3.-
900, 900, and there were L. 5. six
per cent bonds in the Treasury,
which the Democrats sold for s.
los, 20J. Subtracting the value of
those assets from the State debt
leaves S15, ,7S0,795 as the net in
debtedncss of the State at that time.
TO apply on that Indebtedness
more than forty millions of taxes
have been levied or the people, al
most half million more collected
from that Railroad Company, be-
sides more than three millions of
the ordinary revenue, making the
total collection to meet that debt
close to forty-tive millions of dol
lars-practically three times the
amount of the net del;t In 1871.
and six times the amount the debt
has been reduced since then.
An honest management of the
States finances would have paid
off the last dollar of that debt in
1SS5-fourtecn years ago.-Salcm
Republican-Headl;ght.
Seven amendments to the state
constitution arc to be voted upon
in November. The first authorizes
Il special county !evy of Is cents
on the 500 for bridge and road
purposes. 1t is discretionary with
each county court. The second
provides for verdict by three
fourths of the jury in civil cases in
courts of record; and in both civil
and criminal cases in courts not of
record, thirds may render a
verdict. The third permits either
indictments or information in
criminal prosecutions. The fourth
makes lawful juries of less than II
men in courts of record, and also
provides that only a Judge author
lied to try felony cases may order
grand jury. The fifth under
takes to divide the taxable valu-
alton of incumbercd real estate be-
tween the mortgage interest and
the property interest, with pro-
vision whose purpose is to divide
the burden Of taxation eqnitably
between the giyers and holders of
mortgages. The sixth aud seventh,
pertain to the Worlds fair. One
of them authorizes the issuance by
| St. Louis of $1,000, 900 t per cent
bonds in aid of that enterprise, and
the other permits the general as
sembIy to take $1,000, 900 from the
state sinking fund for use in making
Il Missouri building at the fair
Ironton Register.
! Many people suffer untold tortures from
piles. because of the popular impression
that they can not be cured. TABLER'S
| BUCKEYE PILE OINTMENT will cure
them 1t has met with absolute success