Democratic Sentinel, Volume 10, Number 31, Rensselaer, Jasper County, 3 September 1886 — OUR STATE DEBT [ARTICLE]

OUR STATE DEBT

It will be seen that of the present bonded debt of the State, foreign and domestic, amounting to $5,008,608.39, $4,829,783.22 was authorized by the Republican party, as follows: Non-negotiable bonds, $3,904,183 52 Purdue University bond. 340,000 00 Balance of temporary loan of 1873, 585,000 00 Total, . $4,829,783 22 AUTHORIZED BY DEMOCRATIC ADMINISTRATION. 3| per cent, temporary loan, under provisions of act of February 21. 1885, $ 600,000 CO 3| per cent temporary state house loan, under provisions of act of March 31, 1885, 500,000 00 State University endowment bond, 60.000 00 Total, $1,160,000 00 Adding old internal improvement debt of J 846-47 of $18.825 12 makes rhe entire debt of the btaie£ $6 008,608 39, and now let us see what has become of rhe $1,160,00m borrowed ay the Democratic administration i , 885: Total expenditure in consirnctioii of State House, August 7, 1885, $1,755,000 00 Amount :ocre<ii of State House fund, unexpendtu August 7. 1885 1 268,000 00 $2,023.000 00 Amount laised by State House tax to August 7. 1885 . 1.323,000 00 Amount expended on construction of State House, over and above State House tax, ’Deluding amount on hand 700,000 00 mount expended to date on construction of additional hospitals for iucuruide insane', now be s ng constructed at Evansville, Richmond ami Logansport 670,000 00 Apprcptiaiions by the last Legislature for the ?onstructiorj ut repairs and new buddings at the several benevolent institu tions, D'U'.f and Dumb, 7,900 00 At Insane Hospital, In :ianapolis 70,500 00 Ar Purdue University 12,590 00 Ai R( form School 6.800 00 At Indiana University 43,000 00 making $1,510,200. showing an exf pendiiuje on the public buildings o the State of $350,000 over and ab >ve the amount borrowed, to-wit: $1,160,060, and in addition to the above several thousand dollars of old internal improvement bonds have been redeemed during the last year and not taken out of the above debt statement’ basides numerous ciaims against the State allowedjov tne last Legislature have been paid, oner lone the John Martin ciaitx , amounting to over $55,000; the Mrs. May claim of SIO,OOO. When it Is considered that the State 1 vy of twelve cents on the hundred dollars has not been distributed for sex eral years and was considered only sufficient for tbecarrvingoa of the State Govejnment and the mainten ance of its institu ions, the above I presents an administration of State i affairs that the Democratic party , need not fear to defend, and one that ’ no citizen can find just cause for complaint.