The Farmington times and herald. (Farmington, St. Francois Co., Mo.) 1902-1905, 1902-10-16

during the thirty years II has been 10
power 10 Missouri. 1t b.. established
record that 6, Is proud ot tpon
assuming control Of the state en,Gru-
mcut from che Republicans IA 1873.
the State was 10 debt over geo 600 o.
600 The Democrats have pui of
al " this, excepting the school fond
Our credit IN 1873 was JciuW p1r;
now Il is ~ good as the cfCdG 81 Ihr
ulcd States. cur taxes hnsr urcu
reduced from 30 cents To- % cruI, on
the onc hundred dollar valuation. the
lowest taxation OF any Stale.
Notwithstanding the uaIicJous
charges brought by the Republican.
regarding the loo'ing Of the school
fund by the Democrats, not q single
Republican has undertaken in prove
H. They cannot DO II. brr4u thu
record IL clcar aud shows thu go
such thing has been duuc.
"l be Democratic patty in Mi.-ruri boo
1887, established permanent fund fnr
the Use and support Of the "i'rmmuu
Schpola' aud be, maintained 7uh ,n
creased the same from limc 90 time
''lhi, fund va. invested iu ihr stock
uf the Bank ui HE State uf Ml,-ouu
and amounted Co sGGl.gg5 Jr in
1860, aud 50 remained up 90 1866
"Ihr Constitution of 1863 required
this fund 60 bee invested in United
States bond. The Republican hru,raj
Assembly 10y au art approved March
=. 1866, required This stock tu hr sold
and -alr wa uahr for : ts."%1 20.
and payment mndr IN the bond. aud
muurcd coupons Of the State ho
bonds aud coupon. gcFr cancelled aud
lhc State drhl by that amount reduced,
bat uo investment was made ju uitrd
state, bonds Co. required by No" Con-
iiiutiuu and the Law. liy au not II
the Republican General Assembly APP
proved Match a., 1866, entitled An
Act Creating Public School Fund. 90
the sum IF Si.5uu, 900, Of rhc rein.
bersmcul at thr VAR rspcusc- " the
State by the Inurd Stue.. rH- ap-
proprlat,d ''ip %" held AM -rrrpriy
preserved as Public school fund
and va. placed To the Credit oi the
school fund and Invested in . uilrd
State, bond.
"Ihr Constitution Of 1868, in 1872
va, amended h permit the investment
Of the school fund To- the bonds oi The
State
1.-The Lass Of March ~, 1872, direct.
ing the issue II ia pee cent crrli6.
cate Of ind,htcduc.. for 5000, UUU TOO
o. reinforce the School fluid fur the
proceed ut the -nle Of the bank stock
in 1855. principle aud interest was
passed in the senate, then largely Re.
publican, by a vote Of ayes IS, nays
(Spauuhorst, a DEMOCRACY.
The certificate was issued july /,
1879. aud was the first Certificate oi
Iudcbtcdnrs. ever i-,ucd 10 represent,
and in lieu oi, State bonds aud coupon,
It originated IN a Republican Senate
and was voted Tor by every Rrpub-
licsn Senator
"In December, 1875, the State Board
oi Education sold the $l,6Il.GUO 90
Of Hitcd States bonds for Sl,gl3,-
$500 and. with the proceeds and
other receipts for toe fund purchased
Si,gI9, coo 90 six per cent Missouri
bonds aud thus added over $500.
10000 10 the fund without costing
the taxpayers cent, and increased
the interest oyer Sl2, 10000 annually.
'In 1881 law was passed direct
ing the Fund Commissioners 10 issue
negotiable certificate Of indebted
ncss aud to cancel the State bonds aud
certificates Of Indebtedness then held
for the school fund This law passed
the senaIe unanimously, and the
House by vote 0i - to 2.
"IB 1858 bill wa, passed proyid-
ing for the permanent investment of
any moneys remaining Ia tue treasury
belonging Ia The school fund, by issa.
Ing therefore certificates of indebted
ness.
''ln 1898, when the Republicans
had working majority 10 the House,
a bill was passed providing for The res
toraiion to the Seminary Fund, Of the
expenses incurred In the superiutcn-
deuce aud sales Of lands disposed Of
Tor the benefit Of that fund. and In the |
Of the proceeds Of that
sale. This bill was introduced by !
Hon J. l.. iilttiuger Of ~. Joseph.
now United States Consul ia Canada.
aud passed by yeas 81, mars q.
These certificates arr sli 10 the
same form and are MS binding both in
law aud morality as II they had been
pslled bonds, and are signed just ~
he bonds we're, by the Governor,
sounseFsigncd by the Secretary oil
State aud sealed with the Great Seal
u the State and practically aud legally
he only difference Is that they are
payable 10 THE State Board Of Educs-
ION and are noe. negotiable. In-oon.
feriiblc ard non-transfrrable, while
be boBdn are payable 10 'braFer' and
Transferable BY mere delivery"
The Senator closed with 40 eloquent
'eroraiion. urging all ui bis hearers to
otto for Densocraiie principles as the
MY true principles, and cshoriiag all
democrats TO siard hy the ticket in
he Coming election. Il
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When n Christisn has 10 ssopl
nd ask himself In IL rirht ~ he