Democratic Sentinel, Volume 8, Number 40, Rensselaer, Jasper County, 31 October 1884 — Government Interest [ARTICLE]

Government Interest

To the Editor of the Indianapolis News: Will you please state if during Bu* chanan’s administration that 12 per cent, interest was paid by the U. S. government? Also, define the issue of the seven per cent, bonds as to the interest, J c. F [A long search shows no such rate, the highest during the period covering Buchanan’s administration being six per cem. stock loan. It is possble that at the outbreak of the war, oi during the panic of 1857, some tern porary deficit required a temporary 'oan at a higher rate. If any one can give the facts, we should like to have them. The 730 bonds bore 7.30 per cent, interest, which on a SSO bond, whit h was the lowest denomination, amounted to just one cent a day, This loan was for throe years, being fundable in s*2os. all of whicn have been Dald— [Ed News.] We commend the a ( >ove to the careful consideration of Biilee Owen, end other Republican orators. Editor Messenger: I see that Hoc. W. D. Owen still dodges the so'dier queston. In his speech in Valparai so the other day he said “I am in favor of pensioning honorably dis« charged Union soldiers.” This is nothing new, The law has been that way for overjtwenty yt ars, fie left out the little word “all” The question put to him and the ether nominees for Congress, Wood and Bozarth, was: Are you in favor of pensioning all Union soldiers honor ably discharged.” This question Mr. Owen has not yet answered either through rhe papers or in any of nis speeches,