The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-01-24

pasHeht JAYNE, Of of the interest and principal Of the
Wnereas. lie bonded debt of the state can be
paid and Cancelled within the years 1871 and
Whereas. There will yet be IN the vault. Of
the school fund 10 the amount CT 50. 600. and
also like certificates to the amount Of SIsSS 4
Whereas said certificates are not and can
not be cenominated state bonds, IN that they
don and By reason Of that fact no eonstitutionsI
Provisions are made FER the payment OF The
demption: therefore. be IT
General Assembly should submit to the qualiiiei
voters OF the state at the next general election
the Legislature Of the state TO pass an act con-
verting :he said certificates into State oonds. to
be be REIMBURSED Sif IL and the Leeisiature msy be
authorized 70 continue the present. levy 70: state
amount or as much thereof as may be neces--
sary 20 meet the interest and principal of said
stirs Up Lively Discussion.
Aydelott pleaded for the adoption of the
documents context. Hackney moved to
refer the resolution to the Ways and Means
Committee. Boutwell, moved to substi-
tute the Committee on Constitutional
The statement in the Democratic plat
form that the State debt Is almost wiped
school fund certificates are not part of
the State debt The Constitution declares
that the tax for interest and principal pay
ment shall cease when the bonded debt is
paid. II the school fund certificates are
not part OF the debt no interest can be col
lected to pay the dues they involve. For
this reason we ought to change the funds
back into State bonds and constitutional
amendment is required for that purpose"
The school fund certificates. said Ham
iltcn. ARE merely nonnegotiable bonds. 1t
required no constitutional amendment to
change these bonds to certificates and no
constitutional amendment is needed TO
bonds II IL were desirable to do this. Many
OF the men here who are now pleading for
this resolution voted last session to pay
are not State obligations, IL they are NOT
nonnegotiable bonds. why did these men
vote to pay TIE ,s cas thsy eEy tsa
pay the interest on these certificates. even
when the rest of the State debt is paid.
Rotbwell. ..the tax rate would in the course
Of three or four years wipe them out en-
tirely." nm
til 1873" remarked Young to Johnson
Hackney was the next speaker
Certain members Of this HOUSE andcer-
gans in this State" he said. tried to make
capital during the last campaign by the
school Fund had been looted II was a
slander on the State that harmed It ines
timably beyond its borders. where the truth
was not known At home Its patent glar-
ing falseness was an insult to the intelli-
gence of the people Of Missouri.
VIII Care for the Schools.
Every honest Republican knows that
the Democrats VIII take care Of the schools
and will foster the fund that supports
them.
Had the men who are pushing this reso-
luton been sincere in their present project
they would not have introduced a resolu-
ton authorizing bill for a constitutional
amendment. They have such authority al
ready. Had they been sincere they would
have introduced the bill for the amendment
and allowed IL to take its regular course.
This resolution is a palpable subterfuge