Democratic Sentinel, Volume 12, Number 22, Rensselaer, Jasper County, 22 June 1888 — Calkins’School Fund Loan. [ARTICLE]

Calkins’School Fund Loan.

At last, after several years of continuous effbrfi the county audito> has found a purchaser for the famous Maj. Calkins’ school fund swamp land that figured so extensively throughout the state in the gubernatorial canvass in 1884. It will be remembered that Maj Calkins originally borrowed three hundred dollars from the school fund and gave a mortgage on a piece of land in Johnson township for security. He failed to pay the interest or principal and it was found the land was not worth the money loaned on it. The land was forfeited according to law, and reappraised at S2OO and put on the market. It has remained for sale ever since at that pric. but until a few days ago there has been no bidder. It was finally sold to Mr. Fred Hausheer for S2OO, on five years time at 8 per cent, interest. The school fund is short SIOO, and the county is out the interest it has be m paying to keep the fund good, and the tax-payers have the whole loss to settle. It is worth remembering that many republicans insisted all that the Argus said about|Maj, Calkins’ connection with the school fund swindle was a lie. Notwithstanding these assertions, every word the Argus ever said about it was strictly true, as the county records will abundantly demonstrate.—Laporte Argus.