Rensselaer Republican, Volume 23, Number 23, Rensselaer, Jasper County, 5 February 1891 — Foreign Capital In Indiana. [ARTICLE]

Foreign Capital In Indiana.

Congressman Owen in an interview a few days ago, and said some things which appear to be the exact truth regarding the step totax foreign capital in Indiana. Ho said: .1 \ “The persons who have mortgages upon will their farms have to pay the proposed taxation, and they can least stand it. The money loaners of the east will simply raise the rate of interest, for the taxation of foreign capital invested in Indiana could not be made to come from the creditors, who would heartily favor it, but we know that there is always a demand for all the money there may be to loan upon real estate, and while the loans that have been made would have to stand the taxation I am afraid tire result 'w ; iH"lse”lKe~winulrawal of foreign capital, and an advance in the fate of interest upon local capital. Looked at in any view, I do not see that we could derive any benefit from such a movement, and I am afraid that those who are always paying interest upon loans on their farms would have to bear the burden.