Jasper County Democrat, Volume 1, Number 46, Rensselaer, Jasper County, 25 February 1899 — A BIG MORTGAGE. [ARTICLE]

A BIG MORTGAGE.

The largest mortgage by $3,000,000 ever recorded in this county was filed last Saturday by the Central Union Telephone Company in favor of the Old Colony Trust Company. The mortgage was for $6,000,000 and embraces both chattel and real estate, and is to secure $6,000,000 five percent, gold bonds. The instrument contains 60 SSO revenue stamps, representing a value of $3,000. The mortgage will be recorded in every county in the state where the company does business, and the average cost for recording is about sll per county, not including the expense of the recorders’ visit to Indianapolis to get copy of the mortgage, which was paid by the mortgagors. The lines of the company in this county will pass through Remington. It is an exclusively long-distance company, we understand.