Rensselaer Semi-Weekly Republican, Volume 22, Number 83, Rensselaer, Jasper County, 5 July 1901 — The State Pays $300,000. [ARTICLE]

The State Pays $300,000.

The State of Indiana paid $300,000 on its debt Monday. For several months the State officers have hoped that amount might be paid but so largp a payment was not obligatory at this time, the taking up of the bonds being optional until 1909. When State Auditor Hart returned from his three weeks’ stay in the east, last Saturday, he immediately signed and forwarded checks for the $300,000 to Winslow Lanier & Co., Indiana’s financial agents in New York, with instructions to pay off so much of the debt J uly Ist. The Auditor makes the statement that before Governor Durbin goes out of office all of the $2,600,000 of bonds whose payment by the State is optional before the bonds are due, will be paid. It is probable that another $300,000 will be paid on the debt next January. Auditor Hart, who is the State’s bookkeeper, says the State is in good financial condition.