Evening Republican, Volume 17, Number 258, Rensselaer, Jasper County, 29 October 1913 — MONEY STILL NEEDED BY STATE OFFICIALS [ARTICLE]

MONEY STILL NEEDED BY STATE OFFICIALS

After Borrowing >460,000 the State is Still Short and S. O. S. Call is Made. Democratic economy is still the subject of wonder over the state. Last week it became known that in September the funds of the state became exhausted and that secretly the board of state finances had negotiated a loan of $460,000 from Indianapolis banks. That sum was soon spent and now the treasury is empty and a “hurry up” call has been sent to the 92 treasurers of the state to/make an advancement of the December settlement. The treasurer of Marion county came to the temporary rescue and gave his check for $65,649.68. A new law provides that county treasurers shall make settlement every month instead of every six months, but treasurers have ignored siis. Since the county gets interest on funds deposited in local banks, the sending of the funds to the state treasurer would serve to rob the county of the interest thus derived and seems to be another scheme of the democratic legislature to benefit the state at the expense of the counties. Democratic mismanagement of the affairs of the state has not only exhausted all the . money provided by the old tax levy and caused the borrowing of money to meet the running expenses, but is responsible for the increased state tax levy, which all taxpayers will have to meet when they pay their taxes next year. These facts are making’way for the election of a republican for governor three years hence and the available men of the state should be considered from this time on, with a view to securing a man with conscience and business ability and then to back him up with a legislature of honest, clean men. Eight years of denlocracy is certain to prove an expensive experiment for the people of Indiana.