Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1906-10-11

custodian. l assume. as has always
been the case, that there were numerous
bids by different banks. For some rea-
son the bid last year were higher than
they had been before. l do not presume
that the Treasurer, MIR. Gnielich, will
ciaim-I do not know wha the Globe
Democrat may do-that the banks bid
more tor the use of the state money
last year than the year before because
MIR. Gmelich was the Treasurer, or be-
cause he was a Republican instead of a
Democrat. They bid more because they
had greater need Of money. The reason
could not have been personal or poiiti-
cal, but purely commercial. But the
fact hat the rate of interest paid was
higher than that paid the previous year,
is one reason for an increase in the
public deposits, Blu that is not the
only reason. When Albert o. Allen was
Auditor-and the state never had a
more patient, faithful and honorable of
ment of the United States was indebted
TO the State of Missouri. 1t was an old
claim growing out of war taxes. Bur-
rowing in the dusty records of his de-
partment he fished out this old claim
against the government, put it in form,
and presented it to the proper depart
inent at Washington. In the course of
time it was allowed n the Congress
made an appropriation to liquidate it.
That claim, recovered by the industry
OF Captain Allen, amounting to S475,0 900,
was paid into the state treasury shortly
after the last session of the Legislature
adjourned. Because of the fact that
there has been no legislative session
since it was paid, no disposition has been
made or that money. AS in duty bound
the Treasurer has placed it in deposit
tories and 1t has been drawing interest
or all these months. In addition to that
| am advised, and I state it to be the
TACT, that the insurance tax for the last
year, amounting to 100000, was not
| JDNATA6 into tho AXrnntta F,,-I ~ Al.
last legislature, but for some reason,
which l do not understand, it was left
u~ndisposed of in the treasury. That, too,
has been out at interest. Here then is
S5I5,0O0 of extraordinary money accum-
ulated in the treasury with which moth
ing can be done except to put it out at
interest until the next Legislature shall
dispose of it. These important circum-
stances, which furnish a simple explana-
ton for the great bulk of this boosted
increase are not forgotten, but deliber-
ately concealed by Republican orators
and newspapers when they applaud the
lican Treasurer.
AS TO SCHOOL MONEY.
Treasurer is now investing moneys be-
longing to the public school and semi
nary funds in county, municipal and
Siaoo 10 v lC5lSlCiCu JULIUS lllSlGdu
OF in state certificates of Indebtedness
fhe audacity of this boast is amazing
beyond conception. Years ago, when
there were state bonds still outstanding
the policy was entered upon OF investing
these school moneys in state bonds in
stead OF investing them in the bonds
OF the general government. AS we ap-
preached the uay when this bonded
dept would be completely l~iquidateC
it was proposed that an amendment tc
the Constitution should be submitted tc
the people authorizing the investment OF
the public school and seminary funds il
county, municipal and school district
bonds. When the 41st General Assem-.
bly, met in 1901, a resolution submitting
that proposed amendment to the Con.
stitution was offered and considered
me Democrats supported the resolution
and the Republicans opposed it. Indeed
It wal made a party question not only
in the Legislature, but in the state. Thu
republicans denounced the proposition il
platforms, in the press and on the stump
and finally when it. came before The
legislature the resolution was adopted
in the House by a vote of 81 Democrat!
for it to 40 Republicans against it. Ii
the Senate the resolution was agreed tt
by an affirmative vote of 20 Democrat.
and Republicans (Davisson ant
Jewell), the remainder of the Republi.
cans either voting against the resolution
or declining to vote at all. The amend.
was submitted to the people at the cleo
ton of 1902 and was carried by a ma
Jority of 23,5S1. AT that election judge
Burgess, who was at the head of the
u em gs T5J tTlShket' received a majorit,
majority. polled for the amendment wa
substantially the same as the Demo
cratic majority for the state ticket. l
was a party issue in the campaign. tn
amendment being supported by the Dem
ocratic party and opposed by the Re
~publicans. Afterwards when the Am
General Assembly was convened in 1870;
a bill was introduced for the purpose O
putting the new amendment into opera
ton. Although the amendment had nov
become a part of the Constitution of til,
state, which every member of the leg
lslature was sworn to support, the Re
ton and prevent it from becoming effect
i've through legislative enactment. Wher
the bill was voted upon it was supported
Ply Democrats and opposed by Repub
leans, and was finally adopted by sub
stantially the same vote by which thu
amendment itself was agreed to at tn,
previous session. / do not know this tt
be true, but on circumstantial evidence
that Mr.. Gmelich himself, and ever.
other Republican state official, voteC
against that constitutional amendment a
1.-THE election of 1902, Their party wa
3 fbaip aor to It foi and they 4 ana are p artisan $
them to say whether they stood in tn
party line or joined with the Democ
racy. In the face of these facts is it no
amazing that this Republican officia
should make boast that he is now in
vesting our public school funds in thes
county n municipal bonds, and tina
he should make a virtue of that which h
is compelled by the peremptory mandate
Of a Democratic law reluctantly to do
For ways that are dark, and trick
that are vain Bret Harte's "Heathel
Chinee' must look to his laurels if h
would not surrender his crown to thi
shrewd old Missouri Republican politician
and office-holder.
So much. Mr.. Chairman, for the stat
side of this years contest. 1 dismis
that phase of the discussion by invoking
call to battle. They nave a right to rui
Missouri because the state is their ere
alton, and they ought to rule it for tn
public good. They ought, to rule l
t eoatin II may sS remain axan a model os stat state an.
weaiths. They ought to rule it that /
may. stand as a light and an inspiration
to the national Democracy. They ough
strength and overwhelming i%nfuenc
against Capitalization and the perils O
plutocracy. They ought to rule it tina
we may have here on the very heart o
stands immovable for that simple De
mocracy of which Thomas Jefferson wa
the great apostle. And they ought t
rule It because it is a Democratic state
Therefore, unless we nave degenerate,
into weddings, unless we confess our
selves to be incompetent, unless we ha,
rather be ruled by others than to rul
ourselves, we should rally to our fla
and restore Missouri to her Did place O
power and leadership in the front O
the Democratic column.
NATIONAL POLITICS.
Turning from state politics Senate
Stone discussed national questions a
prolong this report to set out his re
marks in full on national affairs, an