The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1904-09-16

OF the national treasury showed thai
there was s112,00O,00O wrung from
the people by unjust and unequal tax
alton, then on deposit in the bank:
Of the country. How is that vast sum
distributed, and who has the benefits
and the profits from it without inter
est? The last report which l have
seen shows that the great Republican
states of the North are enjoying the
bulk Of it; that Wall street and the
money centers of the East are revel
ing in its undisturbed possession. The
state of New York alone has $4,000,
000 Pennsylvania has $4,000, 0O0, 600
while the Democratic State of Tennes-
see, which pays from s12.000,000 to
$14,000,000 a year taxes to the ma
tional government, is only allowed ST.
100000. Talk about favored banks!
Why, my fellow-citizens, there is one
bank in New York, the National City
Bank, which has s12,O00,0OO. Under
Republican manipulation of the pee
pies money one bank has loaned to
it, without interest, twelve times as
much as is loaned to the whole of
the 2,250,000 people in Tennessee.
But that is not all. One of the IA
vored banks in Tennessee about which
my competitor complains, and in
which is deposited a part of the bal
ance in the state treasury, is the
Bank of Winchester, and one of the
stockholders and directors is the Hon.
Jesse NJ. Littleton, of the county Of
Franklin. AS a politician seeking Of
fee he criticises the Democratic party
and the treasurer for depositing
money in his bank.
AS a fnancier he says he loans
that money to the people at the I'M
lawful and usurious rate of 10 to 16
per cent interest. In the first in
stance he seeks to deceive and fool
the people into voting for him out
of prejudice against a surplus which
does not exist, and in the second
place he confesses that he violates the
plain statute laws of his state in order
to fleece from the people and put into
his own pocket unjust and usurious
interest.
When the Democratic party came
into power in 1870 it found that dur
ing the Republican rule the old convict
was then in force in Tennessee. The
Democratic party abolished that sys-
TEN and established the present sys-
tenn.
My competitor criticises this splen-
did department and advocates abol-
ishing the three commissioners who
it and look after its bust
ness affairs Let US look to this for
a moment.
When the Democratic party abol-
ished the old convict lease system
handed down to us by the Republican
party it bought a splendid coal field,
worth today more than five times its
original cost; built a modern, we'll
equipped and up-to-date penitentiary,
where the convicts are being humane
~ treated, without it costing the tax
payers OF Tennessee one single dol
lar. as l propose to show from the rec
lrds. Not only that. but by wise and |
iudicious management, by economy |
nd sound judgment, under the Dem |
)cratic party, the penal system of the |
state is not only self-SuStaining, but |
est year it paid every dollar for its |
y
;195, coo III net profits, and for the |
irst six months of this year the net |
profits were $94.517.
When the present system was in
lugurated 100000 of bonds were |
ssued to buy the coal lands and build |
he new penitentiary. Since then the !
,enitentiary has yielded in clear prof
is over 100000, or enough, if so
applied, to have redeemed every bond
ssued and paid the interest thereon.
bus giving to the State and the people
he entire coal field and penitentiary,
With it's equipment, without their hav-
ng cost them one cent. This prop
rty. which, under policy inaugu-
ted and perfected by the Democratic
,arty, has come to the people OF Ten
lessee without cost, is worth today
more nan 81 900, 900 in cash.
low vas 1t under Republican rule
T. Tennessee? From 1865 to 1863.
he penkentiary cost the taxpayers of
( S114,936 each year Under Gov. ;
Iawkins, in 1882, the last Repub-
can administration in Tennessee, the
only yielded $41,50
EAR, while under Democratic man.
cement it yielded last year $4,000.
" fellow-citizens, thanks to Demo
ratio craftsmanship and fidelity, Ten
essee has today the best penitentiary
4 any state in the Union, and it IS I
laking more clear money than any !
in any state, and it is I
ding 1t without friction and without {
urting any man in his labor or his j
lsiness. And I leave it for you to {
ay whether you are ready to turn it t
Fer to a Republican governor, who 6
dvocates a policy which would Grip {
lie and impair it, If it did not tear 7
down and destroy ii. s
My competitor declares himself !
gainst the Adams. law. This he has !
perfect right to do, but in order to
0 it and still be a candidate for gov
-nor, he had to remain jiscreetly :