Evening Republican, Volume 18, Number 121, Rensselaer, Jasper County, 22 May 1914 — Much to Explain. [ARTICLE]

Much to Explain.

The state of Indiana is again in need of money. Since the (business of the state has been conducted by democrats there has been a constant demand for money. In\ former years Indiana lived within her income and had something to apply each year on the state debt. But since the democrats have been running things it has been borrow, borrow, 'borrow. The present situation is indicated in the following dispatch from Indianapolis:

“Unless the counties of the state pay into the state treasury more than $1,100,000 by June 30, there is a strong probability that the democratic administration will again be compelled to go into the open market and borrow several hundred thousand dollars more money to meet the running expenses of the state. Already the administration has borrowed $600,000, , and there does not appear to be any limit to the amount that may yet have to be borrowed. “W. H. Vollmer, treasurer of state, says everything depends on whether the counties pay in the amount of money that it is estimated they should turn in by June 30. “In case it becomes necessary to borrow more money, or to obtain renewals, extensions or refunds of the present loans, Mr. Vollmer says ample notice will be given. He says, however, that no loans are under negotiation at this time. ‘The state will need about $1,100,000 in June. The present temporary loans of $600,000 will tall due in that month, and must either be paid or extended or refunded with new loans. It is now costing the state thfe enormous sum of $350,000 a month for running expenses. '“Of the $600,000 temporary loans now in existence, $400,000 is held by Indianapolis financial Institutions and $200,000 by a Chicago bank.” Democratic leaders said that the democratic party will go before the people in the coming campaign and ask endorsement on the strength of the financial showing that has been made. It would seem that the democrats have many things to explain.