Potosi journal. (Potosi, Mo.) 1894-1929, 1902-02-12

irrerrce>ihlt Am,rica,,i-n.
Only Half Enough Bonds Cancelled.
In The face of direct proof Ia
l!Ic contrary, The RcI I,tt'I!c con
llut!t- 10 Insist that in ..Iisri The
l->.!e OF 81 1913. >:}.' ~ @. i.ticai,>
"f hdth'tdnts>. an equal amount
IN >,inie bonds hat been canrtIri
The c"id> show that rnI, ahnin
81, 600. 900 in hund- has been wi,au
",it. Every bond is numbered
and when il Is cancelled that mum
her is placed npon the hooks.
Only ahon, bali the amount Of the
certificates uf indthledn.9> can he
checked Oft on The books IF the
stale nv n,imlercd bonds c;.tlcelrd
ihn Investigation Of thl~ ,,rlni Is
easy. Each bond Is tur SIUvv.
There should have been Cancelled.
to corr esi"nd with the cerilfi.al--
, 1913 bonds. Can the Kepub,lc
give he nilnihei III that man. c,.r,
cciru bonds on ac:o'iiil OF Tie Ger
'iticHlcs! Can i! give the l,l.mhers
Of half that many! If ii can let It
speak out and say where The num-
hers of the bonds are to be found
on the state hooks, ur in an, ntfirial
report ever iS>iied IN Missouri, 4,
long aS the Republic avoid. this
simple test its iIeruted assertion
that the certificates are fully offset
by state bonds cancelled can only
be regarded az a gross attempt to
deceive. 1t must know, unless it
speaks without knowledge or re.
gard for the truth. that there is
sbont $4,000 outstanding il. crrtif
Gates for every known bond for
$1,000 cancelled in The Juggling con-
versions Of the school fund.
When the consolidated certificate
of Indebtedness was issued in 1881.
for -. .9oo,0 900, 2o02 state bonds,
for $1,000 each, were duly Cancelled
and the number of each one is re
corded Oh the books. In 1883 a
bill WAS passed to extend still fur
ther the certificates of indeblc!
ness business. 1t was 81 much
like printing money that Demo
cratic legislators and administers
tions took to it kindly and drul ped
the canceling Of state bonds rs an
offset TO the certificates. Auditor
Allen says in the Dnckery and
Allen pamphlet. page 35: I'm
der the act of 1888, five certificates
of Indebtedness We're issued t" lnu
school fund, amounting to S249,
900, and seventeen To the semi
nary fund, sggregn'Ing *I44 900"
In his next sentence MIR. Alien
says: "No state bond, have been
taken up under the act of March
81, 1882 and yet the Republic
trazen- it out that for ever, dollar
of certificates issued correspond.
ing dollar in state bonds has hec,l
cancelled. At frs. lhc operation
of bond oHncella,inn waS perform
ed, but the Juggling grew holder
and more greedy. and 80 it has
cone to pass that when the iuveS.
tiyatur searches for the number Of
bonds Cancelled to offset 50. 3o3. $50
in certificates only about half
enough can be Identified.
No doubt it WAS the intention
when the first certificate for 5000,
900 was issued to pay it of some
day. It was only Il due bill and is
only that now. Issued in 1872 ii
Was "cun>olidaled' ttha English
for which is renewed III q larger
certificate in 1881. At first the
interest Oh the certificate. S5t, 1000
4 year WA paid ou' Of the general
revenue. Next, the interest wis
iueg!rd into charge upon the
state interest tax. in violation of
the state constitution. Upon the
first certificate for 5000. 900. inter-
cst amounting to 1890. 900 will
have hecn raid by July next. State
Superintendent of Schools Car.
rineton has Just described this due
hill. still outstanding and costing
S5i 900 Il year interest, as Il res
toration' Of funds falsely said TO
have been los! during the pcriod
the state was controlled hv Rapnb-
licans. AS to the later certificates
Of Indebtedness there is an i'm
mcnSn shortage in the cancellation
Of state bonds in connection with
the iuncle. The Republic knows
il. if it knows nn, thing about the
snhicc, II is irving. or pretending
to discuss. -Globe- Democrat.