The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-10-21


How the Debt Was "Reducsd."
We pressnt this morning the facts that
tear 20 tstters the last pretencs Of the
Rogers administration ~ conservasor
= the financial intsrests Of the people Of
thu state. Three assertions have been
made in its favor; one. that II has raised
the price Of state warrants from . ais
count 10 par; two. that Il has saved large
sums In its conduct 81 this state institu-
tons; three. that II has paid on tW.o0
Of the principal Of the state debt. To m
eiude interest paid as part Of debt re
duction'' 10 too absurd for comment.
Not one OF these claims has shadow
Of truth behind II. TIVE are already de-
molished. Investigation Of third re-
vsals the startling fact that. but for
perversion OF state funds. the Rogers ad-
minlstration would have to its record an
addition to the state debt OF = very large
amount.
state warrants. as our readers have
learned. by publication Of the market
prices actually paid. were never at . dis
count except during the dark days Of tho
panic and the equally gloomy times re-
suitins from the campaign Of isss and the
capture Of tho state by the fusionists.
The rating of investments depends upon
Al. a.
ton Of the Eastern money market When
tear OF eonnscatory legislation by the flu
sionists OF Washington was removed. ana
when the national monetary interests were
free from the evils or alarms incident to
Democratic control the market price OF
state warrants marched steadily upward.
In all administrations. while the rate of
interest shsy carried declined.
An investigation Of the conduct of state
institutions has ieft the fusionists IN
situation at onca dissraccfui and ludh
crous. The internal mana cement. with its
surrender OF tho honor Of the state and
the fate OF its helpless charges to con.
scienceiess heelers OF the RoSsss-rurner
combine. Is terrible scandal An analy-
SITS Of the cost Of maintenance shows sub
stantisliy the same figures for the years
iasalSs7 and the years iSs7-isei This has
bean douhly established BY thu figures
presented By the susionlsss themselves and
Published AID vouchsa fur by their organ.
Saking them exactly as they stand. 70
will be seen, as sho~n ia the Post-inseiii-
seneSr yesterday, that when mistakes. &C.
esdsntai or Intentional. m additions ana
eassfactlsna have been corrected. they
show q difference for The tive sour.yeas
periods 81 less than nAeoa The second
point. therefore. b settled By fusion evi.
aeaos.
There remains eaH the sAira claim. thar
Under tie Roxers administration the state
aehs has been decreased How have thesa
warrants been paidg The books show mat
sNaoo 81 them. IN ruwna namaeg~. were
cancelled BY money drawn nes from the
statss ordinary revenues. net from taxes
paia saa properly applied bar from the
rrocseds OF sales q pasgis property. Ths
stats tias lands are an extremely vaiu.
ahis assst From sales q these n was
tbs rogioy ct the STATE Is create q ape.
sisl' fana 60 be used in irnrsovfuK the
hArhors ana waterways % ths states cit
les. The nssioa Legislature Of ssgs author
tseA the destruction OF THIS fund. era,
could have been maae Of ireaicplahls value
90 the whole reopse ss al aid TO COM
H&feo ghe measy was sssrssore used 20
redeem state warrAnta ana The books Of
the state aaastos show saat while the
net redemption Of shs seat In three ana
bar years CT fusion administration was
tsVi.oce. the sm0un, Of this ar~wn rrom
money received BY the general fuad from
lido Lana sSles was ssss.oca
Teere wss nothing Illegal in this. n
was horribly had policy. II pn, upon TIE
: market rsopsyty bound to increase enor-
Z raoasiy n xA,ss At an early day. IL dts