Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1901-11-14

jefferson City, No., Nov. Gov
Dockery has addressed the following
letter to the editor of the ST. Loui;
Globe-Democrat.
To the Editor of the Globe-Demoerat:
The Globe-Democrat has repeatedly re-
iterated three charges against democratic
you assert. are based upon the careful
search of an expert" whose name Is moi
Is Elv fndor pas T py yoa sran paper. a. The he Globe.
Democrat, therefore, assumes the re-
t the indictgme l1' Which snS It prefers against
the democratic management of state at
First: The use of s4, 49,. 114.oo during the
last 80 years to pay interest and reduce
the state debt from $40. $50, 10000 to $3.50 :
one of your issues in the following Ian
guage: Democratic management in this
state can be judged by the fact that SO.
state debt Of sou Sc. COO I oooan to Sc. 600. 10000.
Second: The overpayment of the bond
Third: The overpayment of interest on
the bonded debt in the sum of 81, 273, 10000.
All these are grave charges. III true.
cy, or both. on the part of democratic
administrations. If false. it is unneces-
that. Now. to the facts as shown by the
records:
The obvious effect of the statement,
that the democratic party has used S4,-
coo, o0000 to reduce the debt and interest
from $50, Q00. COO. 90 to $4,000. 000.00. is to mis-
lead and confuse the people.
Ii you intend to include the interest as
a part of the public debt. then eandor
and common fairness require that the
amount of such interest should be added
to the bonded debt, and the reduction
the bonded debt at the beginning of this
thirty-year period, but from the aggre-
gate amount of both the bonded debt and
031.5S ~Cincluding proceeds from sale of 81
$50. GEO. 90 ~refunding bonds and money in
been expended to reduce the bonded debt.
to pay interest. premiums on bonds, and
from anuar /. ISL. to December 81. 1900.
The facts, therefore, required your na-
per to say that the democratic party had
bonded debt, to pay interest, premiums
on bonds and expenses incident thereto,
and that the application of this amount
100000 reminding bonds had reduced
COG, 10000 to $50 d 10000" but from 1924
S71.O0 to Sc, $50, S39.42
Such a statement would have been in
harmony with the debt statements of re-
publican state administrations from 1866
to 1871. In order to show a reduction ofthe
90S.0 90, the republican administrations in
clude S.. 1923 500. 90 of interest on the bonded
debt. and s14f, 000.O0 of interest on other in.
debtness. The reduction of the bonded
debt proper during that time was only
81, 1915, 600, and that reduction was largely
made by the use of the proceeds of the
roads of the state.
Tt is unnecessary for me at this point
payments of interest and bonds. premi-
unnS and other expenses, as they appear
In detail in my answer to the second and
dsctment.
It is also unnecessary to note the gro
tesGue error made by the GIobe-nemo-
crat in including the school fund certii-
Gates of 81, 393. S3a.42 as a receipt to cam
6 6el the o state a depsiT h u r at the same an : time nnr;
of the debt. The attempt to make the
school fund certificates appear in the dual
the same time. is an anomaly in book
keeping.
Replying to the second charge of the
overpayment of 81. 030,61 on account of
bonds, will say that he table Of the
Complete. The following is a correct ex-
hibit of the receipts and disbursements
during the last 30 years on account of
BOND REDEMPTIoNs.
Net sinking fund balance jan
Receipts:
Interest fund ...... s1s. s7s. s19 50
Interest on bonds
held for sinking
Transferred from
hCI1d 1oAla &Ah~
Guiding Hannibal
e St. Joseph item
of 5000, 10000 49,. 1892, 400 90
Transferred from
school FUND -. 225. 600 90
Transferred from
seminary fund =. STA, s5s %
Proceeds of sales of
bonds. 1873. 1874.
1875. etc, docs not
include the sale
of 1000 600, O0o.O0
of 33 per cent re-
funding bonds)... 5,5O5, a34 81
Additional receipts
not passed
through sinking
fund:
Premium on gold
Taussig, Fisher &
Co. -. -. 27,17s 81
Hays, treasurer. 20,0 600 OF
bank, state
of Missouri ...... 1880 90
OF $780,
000.00 81 per cent.
funding bonds :. so.74s7s
Profit on United
bought and sold. 1s,oes7
Interest on United
States bonds -. n, $3.50 90
Total additional
receipts -. $50, s7a 60
Total sinking fund
-. s24, 21s, 500 Is