Evening Republican, Volume 18, Number 182, Rensselaer, Jasper County, 4 August 1914 — DEMOCRATIC ECONOMY AGAIN IN FRONT [ARTICLE]

DEMOCRATIC ECONOMY AGAIN IN FRONT

Notwithstanding Higher Tax Levy State Again Forced to Negotiate . Loan for $300,000. - • Indianapolis, Ind., July- 31.—Here is some more encouraging news for the taxpayers of Indiana. The democratic state administration, as A result of continued period ofjeekiess extravagance in the conduct of the state’s affairs, 'has given public notice of its intention to barrow $300,000 to meet the current expenses of the state government. The democratic administration has, through creating 'hundreds of needless offices and other operations, materially increased the state’s expenses and it takes taxpayers’ money to meet these bills, consequently when funds, under the existing high tax rate, do not come in fast enough, the democratic administration must borrow money in large sums. The statg. board of finance, at a meeting Thursday in the governor’s office, decided that it will be necessary to borrow $300,000 to meet the current expenses of the benevolent institutions and fixed August 5 as ■the time for receiving bids from hanks. -- , y;. v? Notices of the state’s intention to borrow money once more were sent - to all banks, trust companies and brokers of Indianapolis and to several thanks of Chicago and New York. It was only thirty days ago that the state paid $670,000, representing temporary loans from Indianapolis and Chicago hanks. Most of the money borrowed on August sth will be used to meet the July expenses of the state institutions. It is predicted that the democratic administration will he forced to make other large loans during tbg. coming months.