The Holt County sentinel., 1900-11-02
VOTERS REMEMBER,
When You go the Polls on Novem-
Der 9Th.

That The SENTINEL without qualifi.
cation charges:
That the state school fund Of Mis-
souri, has been looted by the Democratic
administrations.
That they sold the government apd
state bonds belonging to fluid, and spent
the cash for other than school purposes
10 direct violation Of the plain provis.
ions Of the constitution.
That in place Of these bonds, which
brought to the taxpayers of the state an
annual income Of over s1OO. 900, they is
sued certificates of indebtedness, upon
which the taxpayers must pay an an-
nual interest charge OF s25O,OOO.
That these certificates OF indebted.
ness have no standing in any money
market Oh earth, because they read I'D
on their face, This certificate is non-
negotiable, non convertible and non-
transferable"
That these certificates OF indebted.
ness took the place of bankable assets,
that brought an income from the out
side, without any taxation whatever.
That these certificates do not repre-
sent | cent OF cash value. and that they
were substituted for government bonds
and state bonde, that have a gilt edge
value in every money market in the
United States.
That they cannot bs redeemed unless
the taxpayers furnish the money.
That they are not an investment, but
an absolute debt.
That no other state in the union ever
turned it's school fund into cash and
spent 1t in q similar manner.
That current taxes goes up 10 pro-
portion to the amount Of state certifi-
Gates of Indebtedness issued in lieu OF
what was an interest bearing fund.
That il 1t lawful to thus loot the state
school fund of its interest bearing fund,
the county courts Of the state have the
same right to convert it's county school
fund into cash and spend the cash for
other than school purposes.
That it is ridiculous to say that these
Certificates of Indebtedness are the
the same as bonds OF the state OF Mis-
souri," because Missouri bonds rave q
value in the money markets, whereas
these certificates have no standing
whatever in any moaey morket.
That they are not on par with the
state bonds, the Democratic state plat
form is the best authority; it says:
This debt has been paid off by Demo
cratic economy, until only s2.637. 600 in
bonds remains to be paid" Here 1t is
plain to be seen they ignore the s4,3OO,-
600 OF school debt, as bonded bsbt.
That the Democratic party in their
state convention ignores these certiti-
Gates Of Indebtedness as the bonded OBJ
legation of the state, when 1t 10 said 10
their platform that "the continuance Of
Democratic state government means
the final and full pay ment OF the state
debt in the first two years OF the next
administration"
That these planks in the Democratic
platform were deliberate attempts to
deceive the people as 10 the true finaa-
cial condition of the state, or they in.
tend to repudiate the state school fund
debt.
That It these certificates are the same
as bonds, then the outstanding debt OF
the state OF Missouri il about $1,000
OOO instead OF s2.637, 600. as stated by the
Democratic platform, and as stated by
Mr.. Dockery. Mr.. Seibert. Mr.. Cook and
other Democratic speli.b,ndsre.
That the constitution OF our state
provides that the state school fund shall
be secured by United States bonds or
Missouri state bonds. There is not a
dollar in either Of this kind of security
in the stats treasursr's vaults to secure
this fund.
That the state school fund was Gre.
ated by bequests from the general gov
srnment and individuals. The p ople
are now taxed $3.50. 600 year ON these
gifts by decres Of the Missouri ring.
Under Republican cnntrnl these gifts
brought an annual ,ncnme Of GIG 600 20
The taxpayers.