The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1875-01-13

treasurer ; department respectfully ask you
TO inform them what amount of currency the
State Treasurer has had on deposit in your
bank from the Goth of January, 1874, to the
9Th OF December, 1874; when such deposits
were made; whether they were general or
special; whether any interest was allowed
on same; or whether the State Treasurer or
persons III his employ, derived any pecunia-
ry personal benefits from such deposits
RumOr has it that certain School Funds have
been used by the State Treasurer, or persons
IN his employ, for purposes Of speculation.
Hence the inquiries above, which we trust
you will find no objection TO answering.
Very respectfully,
= 2 2 ! ( \ f F $ssssnra, Committee
To which Messrs. ]. & T. Green replied as
follows:
BANKING HOUSE OF J. &. T. GREEN
JACKSON, Miss, JAN II, 1875.
GENTLEMEN: Your favor of 8th inst. re-
ceived and contents noted.
1t has been the custom of the State Treas
ury, Of late years, to keep deposits with, and
to do financial transactions, collections, ETC.,
through our bank that was in our line.
Treasurer Vasser had $12, 5S8 90 on deposit
with us at the time of his retirement from
office, and it had been SO on deposit for some
| time.
| For some time after his entering upon his
duties as Treasurer Mr.. Holland kept large
sums Of money, in tin boxes, in our vaults,
because of the insecurity Of the vaults of the
Treasury. In April he complained that our
vaults, with no inside protection, did not
afford sufficient security for such sums as he
had there and we informed him that we
could not put special deposits in our burglar
9 G. 80 Oft
April 10Th, he removed one of said boxes,
and plac d ($31 900 0O) thirty-one thousand
dollars on general deposit On the 30th of
May he made further deposit of 10000 CO..
These two sums, and the deposit left over by
| Treasurer Vasser, we understood belonged
to the Common School Fund Of the
State
In addition to this, on September 9TH, he
deposited 81 $40 81, which was probably a
draft for collection; and on September 9Th,
$4,000 90 more. This last we understood
to be special fund, not yet into the State
| Treasury account, and probably belonging
to the permanent fund Of one of the State
| Universities, as it was checked out, as we
understood, in purchase of warrants for in
vestment in bonds for the University.
The 81 900 90 deposited on April 9th
and May Both, and the 81, 1888 90 left on
deposit by Treasurer Vasser, was not checked
out until November 18th; at which time
that amount, and some ten thousand dollars
more, was delivered to Us for investment in
United States Bonds, for the permanent
School Fund of the State, which investment
was made, and the Z. S. Bonds delivered to
the Treasurer
In reply to that portion of your letter re-
ferring to the rumors that "the school funds
had been used by the Treasurer, or persons
in his employ, for purposes Of speculation u
we can assure your Committee, that neither
the Treasurer, nor any person IN his employ,
or any other person, have ever received one
cent of profit, benefit or advantage from hav-
ing these funds in our bank; nor have they
drawn, nor attempted to draw any funds, nor
predicate any loan or personal accommodate
ton upon the fact OF having such deposits
with us Treasurer Holland has had some
private transactions with us, as an individ
ual, but having no connection whatever with
the public funds.
Mr. Raymond has, for several years past
had large transactions with U.S. through the
firm of Kimball, Raymond & Co., and the
Pilot Publishing Company, and he has been
indebted to us for three years past, varying
from thirty to fifty thousand dollars, and at
this time owes nearly the latter amount, all
of which is secured by State warrants drawn
in favor Of the Pilot Publishing Comparv Y,
and mortgage upon its property. he mas
asked no iayors, nor received any accommo-
dations from US during the time he has been
in the Treasury department, that he did not
ask, and has not received for three years
past. Aside from this, he has had no trans
actions with us except the payment of q
note to the Holly Springs Saving Associa-
ton, and personal loan in connection with
: his personal affairs. We take pleasure in
saying further, that Mr.. Raymond has not,
at any time, or in any manner, ever proposed
or suggested that he should derive any adj
vantage or accommodation from the fact that
he was connected with the Treasury depart
; ment; certainly no speculation has been had
out of the amounts on deposit with US during
the time they remained with us.
The various amounts placed on deposit in
our bank by the Treasurer, was, according
to our understanding, for better protection
and safety, and subject to the check, at any
day that the Treasurer might make his
check, or call for tit was subject to hi:
disposition.
Respectfully yours,
J, & T. GREEN.
| RESPONSE n d