The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1870-02-10
The treasury EnvestIgaiIOn.
MR.. TREASURER NACKEY oN TIE sTAED-HE
REFUSES To ANSWER CERTAIN QUESTIONS.

The Finance Committee Of the Senate.
acting under the resolution of Senator Low
ry, met in the Senate Committee room last
night, for the purpose If hearing testimony
in regard to the management of the State f.
nances. Mr.. Mackey. the present State
Treasurer, and Messrs Irwin Kemble. Moore
and M'Grath, former State Treasurers. have
been summoned to appear az witnesses be
fore the committee. Messrs. Mackey, KEN
BILE and M'Grath were in attendance at the
session last night Mr.. Mackey was the
only person examined. The examination
was mainly conducted by Senators White
and Wallace.
Mr.. Mackey was asked where he kept the
funds OF the State, and whether any illegal
use had been made of them. He answered
that a nun Der Of banks throughout the
State are repositories Of the public moneys,
which banks were selected with reference 10
their solvency as far possible. He also
said that those banks were liable to drafts
al any time for moneys deposited with them.
| There was no illegal use made of the funds.
! Mr.. Mackey, on being asked what was the
amount of money which came into his.hands
on the first of May, 1869. from his prede-
cessor, and where it was at that time, sta
| ted, that about 81 100. 900 came to him
! from bis predecessor, part of which had been
/ deposited in a number of banks, among
/ which he named the Farmers and Mechan-
! ics' Bank. j. Cooke & Co., Union Bar kiEg
| Co., j. +. Ridgeway & Co. and Kensington
National Bank. in Philadelphia. First Ma
tional Bank, Dougherty. Bios. & Co, Me-
! cbanics' Bank, DauI hin Depusi; Bank, and
! State Bank. in Harrisburg. Allegheny Ma
| tioual Bank (of which he stated he was
! cashier). Germans Savings Banks and other
banks, in Pittsburg. He said that the mon
eys with J. Z. Ridgeway & Co. amounted to
! 100000, and had not been changed since
! When asked the question what compensa
tion if any. he haG received for allowing
! that sum OF money to remain with Ridge
way G. Co, he declined to answer. lie said
! that the moneys now in the Treasury amount
cd to about $l.7O0 900. distributed among
| numerous banks throughout the Common
wealth. Of which he would, on a subsequent
/ examination, furnish detailed statement to
! the Committee. When asked by Mr. Wal
! lace the direct question. whether he bad re-
celved directly or indirectly any cumpensa-
/ tion for permitting the moneys of the Com
monwealth to remain on deposit in these
/ banks, he deciued to answer. saving, that
/ if he was To be arraened for that he would
not answer. Mr.. Mackey denied using any
! of the funds of the Commonwealth to con-
/ trnl elections. He said he was worth about
! $25 900 when he was elected Treasurer. Lut
| did not fix the amount he is worth at pres
ent; that he kept private account at the
Allegheny Bank. Of which he is cashier as
well As an account for the State, but denied
using any Of the money of the Common
wealth in private speculations. He said
! that $l,700 per annum is too low a salary
| for Stale Treasurer, If he has to submit to
! such examinations as these that it oupht to
he at least $4,000, that the bond Of the
Treasurer should be at least $3.50 900, in
stead of $4,000. that the Treasurer was
required semi annually to have in readiness
the sum of 5000 600 to pay the interest on
the State debt, He also stated that the
system under which the Treasury was man
aged could be greatly improved, and the
State made the gamer by such i'm provement
The Committee then adjourned until Thurs
day, at q O'Clock p. m, to give Mr.. Mac
key time to furnish detailed statement of
the State depositories, at which time the
testimony Of ex-TreaSurer Irwin will also be
heard.-HarriSburg Patriot, I'd