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Edward C. Thomas (1815-187) Farm mortgage, 1847


"Saline Fund," Indianapolis, IN "Indiana State Sentinel," 28 Apr 1847, p. 3

Edward C. Thomas had a mortgage of $415.88 on seventy acres in Marion County. He had not paid the interest due to the "Saline Lands Fund" on the mortgage, so the State of Indiana advertised the seventy acres for sale at a public auction. It is not known if Edward C. Thomas paid the interest past due and thus retained ownership.

http://freepages.genealogy.rootsweb.ancestry.com/~acorntree/history/delaware-co/thomasbhelm/helm-school-funds-6.html

"Chapter VI. SCHOOL FUNDS. . . . THE SALINE FUND.

Another clause in the enabling act [state constitution], provides that all salt springs in the Territory and the land reserved for the use of the same, should be granted to the State for the use of the people of the State on such terms as the Legislature should prescribe. The Legislature subsequently enacted that the proceeds of these reservation, likewise, should become a part of the school fund of the State. These lands sold for the aggregate sum of about $85,000, which has, since that time, been at interest, yielding a respectable portion of our annual income."


Owner/SourceLibrary of Congress
File nameTHOMASEdwardC18151879mortgage.jpg
File Size27.55k
Dimensions593 x 135
Linked toEdward Charles Thomas

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