Rensselaer Semi-Weekly Republican, Volume 36, Number 112, Rensselaer, Jasper County, 23 September 1904 — Page 8

DEBT DESTROYERS

What Republican Administration Has Accomplishedin This Line. I DURBIN ON FISCAL MANAGEMENT Compare* the Record of Republican and Democratic Leadership and Proves Conclusively That a Vote for Republican State and Legislative , Candidates Is a Vote Against the State Debt In a speech delivered at Anderson on Sept 17th Governor Durbin reviewed at length the fiscal record of the present period of Republican administration and said, on the subject of the state debt, in part: We have been told that it was "hypocritical” to claim in behalf of Republican officials that they have rapidly reduced the debt, because, forsooth, the money with which this has been done “comes from a Democratic tax law.” My Information la that this money comes from the people, the taxpayers of the state. It is not a matter of particular difficulty to raise money in a state like In.diana by the process of taxation. the people are most interested in is how this money Is expended when once it been collected. It is true that the present tax law provides that the revenues derived from the sinking fund tax must be applied toward the extinction of the state debt, but Republican officials have by no means stopped at that They have applied every dollar that could be made available from any source toward the reduction of the state debt. And there has been no provision in law to prevent them from repeating the performance of Democratic leadership during the years between 1882 and 1889, when they Increased public expenditure more rapidly than public revenues and added the difference to the debt. The people would profit little from a reduction of the state debt at one end if it were being steadily built up at the other. But by the application of honesty and efficiency to the public service no necessity of this sort has arisen. Although the state tax levy has been reduced, large amounts have been diverted from the general fund toward the reduction of the debt, until It Is now certain that it will be the privilege of Governor Hanly, early In hi* administration, to wipe out the last payable dollar of that obligation. Which Is about all the people of Indiana have left to remind them that ghere ever was a time when Demogatic leadership was in control of the eat business affairs of this state. Fact* From th* Record. * I am giad that the Democratic state platform h&s called attention to the comparative repords of Republican and Democratic official* in dealing with the state debt, and particularly that It has mentioned a payment by the general government to the treasury of Indiana which was applied on the state debt In 1902, for there was another tfhyment by the general government into the treasury of Indiana eleven -Wear* before, and the policy pursued by a Democratic finance board in that connection Is illustrative of the methods in vogue in the statehouse In Indianapolis during the period immediately preceding the present period of Republican supremacy. During the Tour years from 1891 to 1895 —I am now dealing In figure* which I secure from .the official records of the state and not from the romantic statistics set forth in the Democratic state plat-’ form—with th* state revenues increased over those of the preceding Your years fully five million dollars In tjie aggregate, a Democratic finance board paid on the state debt In ill "ji,310,000- As this is about the only instance in the history of Indiana where a Democratic finance board ever paid anything on the state debt, th* circumstance Is worthy of special tut thete some peculiar incidents connected with the performance to which I desire to call your attention. In April, 1891, there was received from the general government in repayment of the direct war tax, >719,144.03, and in 1892 >3,876.99, an aggregate of >723,021.02. Now this Democratic finance board is not to be accused, as is the Republican finance board of eleven years later, of the high crime and misdemeanor of applying the full amount immediately upon the state debt. Their first bopd payment was March 8, 1893—two years after receiving the draft, and this payment was only >340,000; their lecond payment was made on March 31, 1894, three years after receiving the draft, >37.0,000—0n1y >710,000 of the government draft in all within three years. If they had applied this surplus sum upon the payment of the debt at once, as did the Republican finance committee in 1902 with the war claim draft received from the general government, there- would have been a saving to the state in interest of over $56,000. And it is a noteworthy fact that this same finance board held on to the >400,000, which Kded to this >710,000, makes up the m total of Democratic payments on th* state until within a week of th* time when the Democratic party was to release control of the fiscal and legislative affairs of the state. .What the Democat* Did.' Another showing: The Democratic finance board paid on the state debt la the four years a fcraft from th* U. 5....>723,0210J I Making fund tax >•>,170.26 ' General fund, 217,408.78 «r an average per year from the gen-

eral fuad of >54,352, on a tax averaging cents more on the >IOO for this fund than has prevailed during the Republican period, and with receipts in this fund during the years 1892, 1893 and 1894, averaging >1,449,487 annually, as against an average in this fund for the nine years succeeding of >l,338.176. In other words, the Democratic finance board had an advantage over succeeding Republican finance boards in funds available, of >111,311 annually. And besides, it must be remembered, we had at that time in control of state affairs, according to the Democratic state platform, officials who were opposed to “unnecessary and extravagant public expenditures,” while now an “extravagant and wasteful" administration is in power. Now, if in 1893, with the country on a hard -times basis, the people of Indiana paid into the fund from which are met the ‘Ordinary expenses of the state government >1,554,405, and in 1903, on a prosperity basis, with the cost of conducting private enterprises largely increased, according to our Democratic friends, they paid into this fund only $1,363,066, nearly >200,000, or more than 14 per cent less than was exacted form them for the same purpose ten years before, they ought to have been able to pay at least half a million dollars on the debt out of the general fund in that one year—or 250 per cent more thafn they paid in the whole four years. Comparing the Records. As a matter of fact, how does their record compare with ours? OwingJto the fact that the retiring Democratic finance board exhausted every available resource of the state in making a payment on the debt just on the eve of the accession of the Republican party to power in Jnauary, 1895, it was nine months before a Republican finance board was able to get into action on the state debt, and yet the total reduction in the state’s indebtedness since that date has been >5,618,000. The Republican reduction of the state debt will bear this analysis: From state debt*sinking fund.. ....>3,773,133 From current revenues. 1,844,867 a yearly average in funds from sources other than the state debt sinking fund sinoe January, 1895, of nearly >200,000. But if we subtract from this total the amount received from the general government in 1902 and promptly applied on the debt, we have a total of >1,209,000 diverted from the general fund toward the extinction of the debt, an average of >134,333 a year. The Democratic state platform credits us with an average payment from current funds of >161,257.52 a year, which is >27,000 a year too much, but the average actually maintained means that we have applied on the state debt from the revenues raised for the purpose of maintaining the ordinary machinery of government each year >79,801 more than did the Demoerats, although during the whole period we have annually collected into the general fund on an average >lll,311 less than did the Democrats during the last three years of their ascendancy, and during 1903 nearly >200,000 less was received than under Democratic management in 1893. If we had continued the same tax levy which prevailed under the Democratic regime and the valuation of property had remained the same, we would have received during our period of control more than a million dollars in excess of what has been collected under our reduced levy, and if the levy had remained stationary, with the valuation standing at the figures which hav* prevailed, we would have been able by this time not only to wipe out the state debt, but would have had a balance sufficient In Itself to build another state capitol. In order that you may be more fully Informed of the regularity and consistency characterizing the progress of our debt-paying policy, the following statement is submitted:

.- Redaction Total Debt. for Year. 1895.. >7,520,615.12.. 1896 6,920,615.12.. .>600,000 1897. •••••- C,2GG,6i5.i2... 720,006 1898.. 5,800,615.12... 400,000 1899 5,187,615.12... 613,000 1900 4,704,615.1<2. .. 483,000 1901 4,204,615.12... 500,000 1902 2,887,615.12.. 1,317,000 1903 2,437,615.12... 450,000 1904, Jul. 1.. 1,902,615.12... 535,000 Of this total payment of >5,618,000 on the state debt since 1895 >2,602,000 has been made slice the beginning of the present state administration, a redaction of the debt from January, 1901, to July, 1905, averaging >BOO,OOO a year. Of the total debt of less than >1,600,000 which will remain at the time of Mr. Hanly’ inauguration as governor, >484,000 represents a portion of the debt which is by law a continuing obligation, being Purdue and Indiana ■University 5 per cent bonds, the interest on which represents simply a part of the support which the state accords these institutions. The payable debt will be less than >1,100,000 at the close of this administration), ffnd a decade of Republican control of state affairs will have resulted in a total debt reduction of more than >6,000,000. We have been paying bonds due in 1909 and 1915, and the payments made on the debt under the next administration will havo to be confined to the discharge of obligations as a matter of fact not due for a decade. Despite the allegations of the Democratic platform I confidently declare the belief that there is no state in the Union where the burdens of taxation rest more lightly upon the people, where the public funds are disbursed under a stricter system of accountability, or where the tax-payer’s dollar brings so large a measure of actual return.

FairOaks.

Postmastee Thompson attended the Postmasters’ convention at Mon t'oello last Monday and Tuesday, Abe Halleck and family, of Rensselaer, visited relatives in town a few days this week, A dance will be held at the park on Saturday evening of this week. Everybody invited, A good many from here are attending the carnival at Rensselaer this week and report it a good one. Clarence MeKeen, of Chicago, is visiting his sister, Mrs. G. W. Proudley, tl is week, O. Sorensen, of Chie>-go, came down Sunday between trains to see his two little ton 1 , Howard and Carter, Operator Harry Zimmerman is visiting his parents at Rensselaer a few d iys this wesk, and also attending thp carnival. Miss Anna Spry, of Kankakee, Ills., visited her sister, Mrs. Ike Kight and oti er relatives last week, Fair Oaks and Rose Lawn crossed bats at the latter place last Sunday. The score stood 8 to 7 in favor of Fair Oaks. The Ideal Entertainers will visit us again in November. They are said to be still bettar than last season. Don’t forget the excursian to Chicago next Sunday, Sept. 25th Only 85 cents round trip. This may be the last one of the season. Last Saturday was the last day for receiving pickles at the factory here. Some 6000 bushels have been received, or about 1000 bushels more than last year, Mrs, George Davidson, of near town, left Monday for a few weeks v sit with her ssster, Mrg, Dora Fisher, at Bridgewater, Penn , and also with relatives at other places. Mr. and Mrs John Ottaway. former residents of this vicinity, bat now of Valparaiso, were the guests of J, C. Thompson and wife, and other old friends last Sunday, They came across the country by team.

Ed. Sutherland, a ho has been managing the Thompson and Lawler ranch for the past two year?, is moving back to Remington this week his old borne. Mrs. Robert J. Nelson and three children of Riverside, Calif,, who have been visiting relatives in this and White counties for the past two months, left here last Saturday for home, but will stop to ses the Worlds Fair, A general supper was given by the ladies of the Christian church, at the school house last Saturday eve. ning. It was well attended and en. jojed by all. The receipts were about $Li 00. The prize contests for the nost popular young lady and the homliest man present were a noted feature of the occasion. Clara Dewitt was awarded the lady pize, that of a fine bed comfort; and Sam Crawford was the homliest fellow and received a nice comb and brush as a tol en of rememberance of the occasion.

A Sidewalk Demonstration THAT WONDERRUL STOVE Cole’s Original. A HOT Bril BUST HEATER All Day Friday and Saturday Sept. 30, Oct. Ist Warner Bros. Hardware Store.

■ —g JprI I [cmwo | I W ■ Kimball Piano Players at Manufacturer’s Prices. Daily Concerts At th. Manufacturers’ Warerdoms show the possibilities of entertaining yourself and friends in dancing to the strains of a Strauss Waltz ora two-step. The Players have Angers that play like those Of a professional, giving to anyone upon any piano and without instruction practically unlimited command of the keyboard. As manufacturers of both the player and music rolls for its operation our price includes with each player A Fine Musical Library and also places the music of our entire catalogue at the disposal of the purchaser on term i not offered elsewhere. Stock includes Var ous makes. Cash or Easy Payments. 01. 01. Kimball $ Co. [Established 1857.] S. W. Cor. Wabash av. ano Jackson blvd. CHICAGO.

OR. S. C JOHNSON, Physician and Surgeon J See over Porter* a o*» in new Holilngiwyrh landing. pi.ou* 206. tealdence 231 Sooth River 8-rjet, Phone 21, Wflce hours-. 9 to U ;S0 a tn. I u> ;1 A 7 to 8p m. BKN a REI.ASR. 1 INI w. H. PARKISON Attorney-at-La o Insurance' Law Beal Estate, Abstracts and Loans’ Attorney for the Onlcago, Indianapolis & Louisville Railway Co. Will practice In all of he Gonrts Office In Odd Fellows’bldg on Washington St. Rensselaer, Jasp< r county. Ind. M. WASBURN, M. D. Physician and Surgeon Makes a Speciulty of Diseases of the Eyes. Fits Eyes for Glasses. RENSSELAER. IND'

I have just received an elegant line of samples together with Catalogues including Coats, Suita. Furs, etc. Ladies please call and examine them. Mrs.R. P. Benjamin. Notice to Holder* of City Orders.’ Notice is hereby given that all city orders drawn on corporation fund, endorsed prior to April 16, 1904, will be re de?med on presentation, and interest shall cease on such orders, from and after September 20, 1904. James H. Chspman. 3t OityTreasurer Have Ton Seen The Exposition Queen, Continental turban effect; The Montreeson, pompadour flare effect; The Manhattan. large Continental;The St Louis, Very extreme Continental. These styl '8 are the four newest and nobbiest tailor made hate for sale at Miss Mary Meyer, Millinery establishment.

Free. Free, Free. At our store October Ist, we show in operation Cole’s Original Hot Blast, the wonderful stove that makes $5 worth of ooal, either' hard or soft, do more work than $lO worth in any other stove made. Seeing is believing. Bring your neighbors- Demonstration free Oot. Ist. Warneb Bros.* Br. Ckas. Jick, Eye Specialist This ia an ate of Specialists. The abil * JaMHPw to d° one toing and do it well is more L , to be commended and ia of more benefit to humanity tbau to do many things and none equal to the beat. We limit our prsotioe on the eye to error* of refraction, of which we have made a Speeial Study for over thirty year*. Office in O. H. Viok’a fruit stora next doer to expre** office.

PROFESSIONAL CARDS. I JUSTIN A HOPKINS, Law, Loans and Real Estate, Loans oa Farms and Olfy Property. Personal lecurlty and chattel mortgage Buy. sell and •ent (arms and olty property. Farm and city ire Insurance Attorneys tor the American <ntiding. Loan ond Savings Association, orrtos oven ouicaoo okpt. Stokb BENBSBLAER, IMD. KI AY D. THOMPSON, Uomey-at- Law, <-mry Public, uouecueus, Loans, and Ul Legal Business careful I v attended te metover'First;Nattoaai Ba-m north of court Hoose. OR, E. 0. ENGLISH. Physician ana Surgeon vteht and day calls given prompt attention, [teldence f none 118. Office Phone 17’ RENSSELAER, INDIANA. DR. A. J. MILLER Physician and Surgeon. Rensselaer, - - Indiana, Ifficeup stairs In Forsythe block. General Smet Ice of medicine, surgery and X-ray work. alls answered promptly day or night. Office ind Residence phones 204 (Jasper Co.)

ggr, w. hartsell, m. d. HOMEOPATHIC Physician and Surgeon, Obronlc diseases a specialty. In StocktonV Ullama block opposite court house, PhoneSO RENSSELAER, [ND. OR A. L. BERKLEY, Physician and Surgeon. Office In Odd Fellows’Annex, opposite public. Square. Phone I2e. RENSSELAER, T ND, J. HUNT Attorney at Law. Law, ReallEstate, Insurance, Abstracts and Loans. OFFICE: Over Ellis & Murray’s store DR. W L MYER, DE NS IST Modern Appliances Office rooms in K.of P Phone 96. Building. Frank Folu. Charles G. Spitler Harry B. Kurrle. f«OLTZ & SPITLER, t Thompson A Bro.) Attorney-at Law. '«*w, Re.il Estate, Insurance. Abstracts and Loans OoIt««»<W AhatnArt RnoWs in Oountv RENSSELAER, IND.

“The Man Who Thinks Smokes Captain Jinks” F 3 - j - CAPJ. JINKS THE LEADER OF ALL 5c CIGARS For sale by C. H. Vick. B. F. Fendlg, J- H Cox, A. F. Lone, Goff A Son. H. R. Wood. J. A.McFarland, J. T, Zaring, McColly * Coen

- Farm For Rent A farm of 280 acres. 8j mile* southeast of Rensselaer. Weil fenced, well tiled, good building near go od Bcb<jo_ Will lent so term of years-, at low cash rent. w2tp W. P. Gaffikld.

We make our own inspection of ands and tell yon just what you > can depend Oh. Funds of the c Aetna Life Ins. Ob. always on hand. Oar rates and terms are the best as always. No delay over technical flaws-Jn abstracts. Ask - some of the patrons of onr competitors how long it took to get their loans and what it cost -theuK then come to us. , Irwin & Ibwin | $J9.50 Free, $19.50 Free sl9.soFree Every adult earning into oa I store and registering dan secure a 4 number ticket which majf them a famous Oole's Original Hot Blast Heater absolutely - free, worth $19.50 cash. On Saturday October Ist, at 3 p. m- we will have a drafting on same' plan used by~U. 8. Government in allotting the public lands. The number drawn will secure the stove. If the ticket is not presented within twenty minutee/ new drawings will be held till stove is awarded. This wonderful stove that holds fire from Saturday night till Monday morning with any kind of soft coal is also more economical with hard coal than any hard coal stove made. It saves * its entire cost •* every winter. You can see it inf operation at our store previous to drawing. Get a ticket and register today. Drawing, October let. at 3 p. m. at our store. Warner Bros. * Persons contemplating going to the northwest should see me before going. Our next excursion leaves Chicago, Tuesday Sept. 6th. W. M. Donahue. ‘"’H W Now 'loen For Business. -, The old Hansen blacksmith shop on Front street is now open for business, with Jesse Ball and Dr, J. L Jones in charge. The latter is not only an experienced blacksmith but is also a veterinary surgeon, and will carry on a general veterinary practice. The firm . does a general blacksmithing business, horse shoeing, etc Give hem a call. Hay $8 a Ton 30 tons of No. 1 Timothy hay, delivered. orders with Jas, Matheson, N. Cullen Street.

| LOANS! | ON LAND. | ♦ We make our own inspections. 9 A No delay. Commissions reasons- a ble. Interest 5 per cent. X ♦ Loans on City Prop- g I erty and on Personal & ♦ Security. > Call, Write or Telephone No. fb, |Mafaaltak| i Rensselaer, Ini S:

For rent a good five room bouse good house, large garden, fruit fine well eto. Gall on Arthur H. Hopkin* or Mis* Ellen Saylera on the-premises. When you oom e to the great Fall Festival, the greatest street fair Rensselaer ever had, come ’ prepared to take home some of tbe bargins in groceries offered by John Eger.

San Hendrickson, The Barber. Has bought the barber shop on Callen street, west of the Makeev-. n er House, in whioh he has worked, so long, and is now in fall management of same- He hopes for the continuance of all his old customers, and is ready at all times to “scrape” acquaintance with new ones. A clean orderly shop, and prompt and satisfactory work guaranteed. He also retains thh services of the popular and capable barber, E. A. Wilson. Call and see him.

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