New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-31

-,u..a nv the Mayor" The ONCE Of the Chamberlain
SxnTeau in the Finance Department, and like AL
Other them into the city treasury aud IT, only when
a,d into treasury, that Is into the hands OF tne
s coGptersSneS BY the Mayor in this
I'll would that the Comptroller CLAIMS that inc
;nssTst a. and laT the claims that It is not il
she treasury until 1t is paid 10 mm ana rs between
decide. .A ,o,o ,m.r,,, In +bo
se There is confusion In the statute, and also In the
eD,ralefs notice TO the bank which the bank seems
ssie1 Iderwen end Commonay of the CITY aud Coun
ty Of the Comptroller In speaking OF city
anu county aid officer % drawing his warrants for
%sda 40 oG tae s sSm Sed thing ins
% fpds on which the interest earned OF three
d1ersR Common Comc county funds under the urs-
etn of the Board OF Supervisors; and state funds UNI
rs a city officer with special powers as 10 county
moneys The Chamberlain Is also city officer; but ne Is
q the Board q sHPerylsSrs and like al
sther County M '19 s a dso and
city collectors the proceeds of the state tax and trans
uniting them the state Treasury 1t is on moneys be-
longing 20 all three of these ownershps that interest is
earned and when paid over TO the as mas
parties by whose moneys 1t has been earned mas de-
County Treasurer 1t would seem properly to belong
and upon the bank; whereas now under TINS notce
be assumed by the bank or be by the bank transferred
TO the Comptroller against the protest OF the County
Treasurer There is still another difficulty. Under sec
81 of the chapter chapter ls7 OF the Laws OF 1870 the
moneys paid the Treasury of the city and for the
payment money warrants drawn by the Comptroller
Seposit banks on the checks OF the Chamberlain.
Under the act OF 1896 the moneys can be transferred
rants drawn by the Chamberlain and countersgned by
the Comptroller And the Comproler IN bis notice says
addition be countersned by the Clerk of the Board of
ipe the bank Of distinction between city, county and
Stste moneys, but a1Ordng II no means OF determining
the sc difficulties avoided by the former mode of
tansactng the business and Will all arise In case OF com
pliance with the COmptrOller's notice.
Ny advice therefore rs let those oeers DC seen ana
may be obvated But II that cannot be done, then ad
the bank obey first paying their propOrt0nate
snare OF the expenses the Chsmbsrains office, tor by
accepting the deposits the bank has bound itself TO do
500 refuse to comply with the Comptrollers demand
and also refuse to pay the interest to the Chamberlain
but tbs end OF the month ~ send 70 the Comptroller ana
10 the Chamberlain statement OF Tue amount Oh ue
terest then due after deducting such expenses Win
that the bank viii take Immediate measures 10
OF whom IL my concern. ]. W. EDMUSDs
Now, under these circumstances what could d0f
There was law authorizing any officer OF the city or
county to make valid contract which could be en-
forced in law for securing interest on the public de-
posts Said interest could be secured only by carry
inc out the plan devised by the former Chamberlain
namely that OF ung the power OF selecting the deposit
tares and that power was expressly conferred on the
Chamberlain alone. The power OF transferring money
from one depOsitary to another could by law be exc
Cuted only warrant OF the chamberlain IL WAS
the duty Of the Chamberlain and of else TO see
that all the expense OF Keeping and dsbursng the pub
lie moneys should be paid by the deposares, and the
city and county saved from them.
In all other respects was personally responsible, and
had given security for the faithful performance OF my
duty in the sum OF 100000 and ought not TO consent to
the transfer Of such responsibility TO the Comptroerwbo
had given security only In the sum OF $4,000 Had been
permitted to perform the duties Of my Office as my
had DONE whereby they had earned for the
public over $4,000 Of interest moneyiI could have
earned for the purpose during this current year
at least 100000, besides paying all the expenses
OF my office. But under this interference OF
the Comptroller AL that I could do was TO
designate other depoataries through whom !
could at least secure and have secured my office
expenses the exemption Of the city and county from
them and thus have been driven back to the literal
construction OF the law instead Of being permitted to
use its provisions the earning Of larger eompensa-
ton for the Of the public moneys. And so far has
this carried that there is now DUE and has been
for several months from Of the former deposares
the sum VI about s. for interest under the former
arrangement which they win not pay m me. the only
lawful custodian Of the public moneys because the Comp
troer forbls it, and which yet he does not and can
lot collect. FRANCIS n. IAAhLk' NH'n4'eAi'iA
chan 6ei lainS ODiee, Dee so, 1872.