The Farmington times and herald. (Farmington, St. Francois Co., Mo.) 1902-1905, 1904-09-09

295, leaving IA balaCe OF more than
$4,000, 900 due the state. In other
words, this debt OF S25,000000 was
shifted from the railroads to the peo,
Pile As to whether there was any cor
ruptlon In these sales, In view OF the
remarkable manner in which the as.
sets. securing the bonds, dwindled
away, is clear question Our oppo-
nents claim that the railroads were
sold In the open market for the best
price 0btalnabe. and they brought all
that they were worth. On the other
hand, Gov. Fletcher. a Republican, in
his inaugural address In January 1865.
stated that the railroads securing the
outstanding bonds Of the state ARE
ample security for the amounts I'D
vanccd TO them respectively"
The Wabash railroad owed the state
sG.9G5. 900 In 1868 the Republican
Legislature passed an act whereby this
debt was sold for 5000 600 10 a private
party. Comment on this transaction
Is unnecessary.
Inv iloA -IouHlulH T--I.-,-u C",u ttLo
StA,e about Shouo,OdO Commission
ers were appointed by the proper au.
thOritics 10 sell this road 10 pay the
amount IheSe commissioners reject
ed an offcr OF more than million
collars ana hnally sold the road TO
one MCKAY, ana others, Tor $55O,OOO.
Inc circumstances oi thiS SAFE were
30 scahodiou' that an investigation
was instituted by the legislature,
whlch developed the iact that Nc
Rays fortune at tn" time he bought
the railroad consisted of about one
thousand dollars In money, two mules
ana spring wagon II also appeared
that thr"e brothers oi one OF the com
missioners. who rejected the higher
bids were directly Interested in the
purchase.
The Missouri Pacific owed the state
NOISo,ooo According to report OF
legislative committee, the road was
ample security for the amount, but
the same legislature that adopted this
report passed an act relieving the Pa
ellie railroad from payment of al; but
S5.uOO,doo of the indebtedness. giving
$5.TSO,0oO of the states assets away
for nothing The report Of com.
mittee appointed by the board Of d.
rect0rs OF the Pacific railroad, which
was filed as an exhibit In the case of
Lamb and Others against the Pacific
railroad and others. in the United
States circuit court at st Louis, Ia
interesting in this connections The
report is as follows: OUR NEXT
MOVE WAS TO ENGAGE Oh EN-
PLoi IN OUR INTEREST PERSONS
OF SUCH POLITICAL AFFlNITlES.
STANDING AND POWER WITH
me DoMlNANI "AkIf IN THE
LtdlSLAl iNE AS NOi I'D SOFTEN
bo"N oh htMpNE y ItiE NOPPEh'
HEAD 'ltAhA' J EK OF Ouh
boAiH' AND ENABLE Is 10 20
bEFOltE me PAkIN ENDORSED
~ SoMh hIhlt IN lltE fAllli.
! nNp'Hll HEN Nt. hltE ~
~ ~ 90 W., w NV
.fi' :, ~ ',' io'rI,'
@ NJ len n' ''o',o NM IN.
l.i' hr : r'. , A., !! NHH ! hi.iNlhLl
80 80, - Wv nN u.Nl'' .NNh 1o,,
80. | " .,I,, ~ 'Di,'' ',,.,, ~ rDn ,ir
,,i.,''o.',', ,,l' ~" :" VI riNr NIL.
bloN i'Oi-LhI NO NO 70 mr. 'NINE' lhE
- = Nl'N i.>" ON MlId'loN
pol,i'ni,2 or - LAIN, WAS
! lo.NH A'Ni1 Al il'lAN,E ! a Noo
~ ihh 'oHil AN ANb nIp'h N.
iioi"''.No VI S"',"'"'oo' NlhNEhDi
! mn L aNp et"t'oo'.uV " bE IAiD'
iiE 'tOtr "''''''i1'h IN" S''"'
i'o'oo' ms ctI'"ihiS pe"r7 All lhc
earn'arHS Vi p"ou'i''S'
Ihe frisco railroad owed the state
Six ana hali million. commissioners
were appointed ana the road sold for
$l.3OO. 900 Again the Republican Icgis'
lature became generous and after the
payment of s325,OoO 1t passed an act
N'hniy renewing 'h' purchaSer5 Oh
"'aN'hs iu' '"'' pay "''"'S'
heSe are not mere Snrhi'aeS' put
anu court Iteo'"S' rms IL me true
STORY ol now uhuer beihocratlc RUE
'he sta'e ioah'u ItS bonds taxing
oh the ral'ToauS ana 'ahus
az security ah" Oh no" 'he amount
oue the state was renuceu uhuer
hepupiicah rule' Nheh the hepuDll'
can managers uehE that there was cor.
ruptioh III TINS hiarNeIous system OF
hhahceerihs' "heleo! 'he amount due
,"' 80" ,".,u' We Oa" o'o,
80 ~ ,,..',.,.,,'aa
aoan, hanava. srn.na,, .L,,s,'I', 100
90 ha h,,,tt,n ohan, han, ,,,,,a,, ,,,,,
ta,, ,,a. ..ros,on," ,naa. Dan,,,,,,aaa
Who, I, wos doro hy
getting rid or tho assats occurring tho
bonds II an ,ndivIdual vera IA have
his debts reduced" in this manner
the process of reduction wouId end in
making him a financial corpse.
TAX RATE
White the bonded debt has hoep
mid of under Dsmocrotic
rule. the tax rate has been reduced