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Story October 22, 1887

Springfield Daily Republic

Springfield, Clark County, Ohio

What is this article about?

Governor Foraker's speech at Caldwell highlights state financial recoveries: from bankruptcy to peak credit, debt and interest cuts saving $87,200 yearly, increased personal property taxes easing land burdens, curbed local debt, $2M relief via liquor taxes, and honest city elections restoring Cincinnati's reputation.

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OCR Quality

98% Excellent

Full Text

We have rescued the state from bankruptcy and maintained and advanced her credit to the highest point it has ever reached. We have largely reduced the public bonded debt; we have cut down the interest charge so as to make, each year, a saving on that account alone of $87,200; we have stopped the decline of the aggregate of the personal property of the state on the duplicates for taxation; we have largely increased the aggregate, and thus, by bringing new values on the duplicate, have reduced the burdens that previously rested on the lands and other visible property of the state. We have greatly checked the growth of local indebtedness, and have, by taxing the liquor traffic, relieved the annual burden of local taxation to the extent of $2,000,000. We have secured honest elections in all the cities, and we have once more given Cincinnati a creditable government and a good name.—Governor Foraker's opening speech at Caldwell.

What sub-type of article is it?

Historical Event Personal Triumph

What themes does it cover?

Triumph Fortune Reversal

What keywords are associated?

State Bankruptcy Rescue Public Debt Reduction Taxation Reform Honest Elections Liquor Traffic Tax

What entities or persons were involved?

Governor Foraker

Where did it happen?

Caldwell

Story Details

Key Persons

Governor Foraker

Location

Caldwell

Story Details

Governor Foraker recounts achievements including rescuing the state from bankruptcy, reducing public debt and interest charges, increasing taxable personal property, checking local indebtedness, taxing liquor traffic to relieve local taxation, and securing honest elections with improved government in Cincinnati.

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