The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1902-07-24
REPUBLICANS AND THE STATE
SCHOOL FUNDS.

kLFi BAILaNh aAf itib ofAiL |
SCHOOL FUNDS.
Now, tina, the Republican party has |
nominated Hon. Moses Whybark aui |
Hon Edward Iiigbre - candidates for |
Supreme Cont Judges, n dsceu, re-
card Cor truth and honesty would i'm
pei thair par'isaUs 10 draw back from
their slandrrous accusations about the
State school and seminary funds. Both
Of these gentlemen, while members Of
the Legislature, voted to invest school
funds ID interest bearing State csrtid.
oates. thus sauclioning Q financial
policy which tie Republican State
platform declares to be "uuwarranted
by the Consultation aud a wrongful
act, and which Republican papers
and politicians have been iraulieally
trying TO make the public believe was
. 'iooling Of the school fund"
Aessrs, Whybark and Higbce, we
are assured, continue 10 the belief that
these certificates are valid bonds, snd
they do not acknowledge that ihey
pcrpeirated wrongful aOl'' nor a
thing "unwarranted by the Constitu.
tom 10 voting for them, This plank
Of the recently adopted Republican
platform is practically dlscreditcd by
she Joplin State Convention in the
nomination Of these gentlemen, or Il
has st least exposed the parly's des
pical iusinceriiy IL dealing with this
question,
OF course Republican politicians
whose stock in trade II SANDER, deceit
and yituperation, viii not consent to
this Interpretation Of their party's aC-
tion nor stop their siily yawps about a
''looted school fund, " and yet II their
candidates, Messrs. Whybark aud
Higbee, should accidentally be elected,
they would as judges Of the highest
court Of resort sustain the constitution
Ality as we'll ~ righteous wisdom Of
tho State school fund Investment.
That phase Of the Republican par.
y's attitude toward the State school
aud seminary funds being disposed Of, |
Vet us turn next to wha, it proposes to
do. Its platform sage:
And we insist that the proposed amend.
ment to the Constitution Of this state 10 70. 4
hablliiats tho school fund 10 ar act OF as /
great wrong ns the original conversion. II /
would lesailze q continual issue % interest.
bearing certificates Of indebtedness and |
would perpetuato an interest bearing debt,
and With the growth Of tho assessed valua.
ton In the state will create q fund IN the
shape Of taxes from the people more than
adequate 20 pay the intercs, on them. while
opposing this amendment. we are in favor
OF the restoration Of the school fund thus
sqnandercd by the Democratic partyEand
favor its Investment tn interest bearing
foym. where the income may DO used Tor the
benefit OF the public schools rs under the
original systom before the conversion, or II
IL bS deemed better. this fund so restored
may be distributed ia proper proportion |
amonz the various counties OF the state
and the city OF st. Louis and become part
OF the permanent county and school fund.
10 be invested like the county school fund
Is under the present law,
AS the school fund Is secure and In
tact, needing no rehabilitation, 4"
what our Republican friends mean BIZ
''lhs restoration Of school funds ihas
squandercd" and It's ''investment in
inseFess-boariag form" ls. that the poO-
pie shall be taxed to pay off the prin-
eipal OF the State school aud seminary
funds certificates ard iuveat the pro.
eeeds 10 low interest bearing United
States bonds, thus eFippling thc re-
sources Of the public schools Of the
State; for By the terms Of 4he Consli-
tuition they could not be invested 10
sny ether wsy without an amendment
10 that insiruuans
The ether plan Of disposing If
the money woula also neesssitale IN
amendment to the Consultation, but
u \ wafo adopted let us isok for q
moment at the effect that chat form Of
Investment would hare upon thC
Hchpols. Every county has it, oouaty
and soraahip permanent school innaa
The principal i loaned out On real
estate aud personal secarlty BY the
County Courts, aud shc issssTess Il ap-
piled . The snpIort 81 thss -,hools. Il
ofssa iheFe me shenssnda IL aslIars 81
'bess sariens funds sor whsoa shsse are
10 bors=-ers. the money lsing Idle III
he county treasury or Ia the deepest.
orr baak AID ID shsss funas sAnll 4
millions helonzIag 10 iiss ssasr publir .
'aiaool inad. and nsaah II II Nauld !
49,