The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1875-01-14

the State since he has been in my em-
ploy, and feel certain that your Com
mittee will share my opinion Of hin
after the completion Of your investga
ten. Respectfully,
! q. II. HOLLAND.
] Your Committee addressed the following
( inquiries 10 Messrs. J. * I. Green, banker.
OF this city, and also inquiries of similar i'm
/ port to the Capitol State Bank
JACKSON, Miss, Jan. 8, 1878.
/ MEssRs. J. g. I. GREEN Gentlemen: The
| Committee appointed to investigate he State
/ Treasures Department respectfully ask YOU
Il 10 inform them what amount of currency the
/ State Treasurer has had on deposit in your
/ bank from the both 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; OF whether the State Treasurer. or
persons in his employ, derived any pecuuia-
~ personal benefits from such deposits.
Rumor has il 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 10 answering
Very respectfully,
z {. \ H'4 Ba4seHrr, Committee.
To which Messrs. J. * T. Green replied as
follows:
BANKING HOUSE OF J. &. T. GREEN.
JACKSON, Miss, Jan. IL, 1870
GENTLEMEN: Your favor of Sth inst. re-
ceiyed and contents noted
1t has been the custom Of the State Treas
# Lot 10, nd
to do financial transactions, collections, etc,
through our bank that was in our line
Treasurer Nasser had ST., SIS 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 projection, did not
afford sufficient security for such sums rs he |
had there, and we informed him that we |
could not put special deposits in our burglar |
proof safe, for want of room. Soon after, on 4
A pril 10th he removed. one OF said boxes,
and plac d 1881 900 00) thirty-one thousand !
dollars on general deposit. On the Both Of
May he made a further deposit of 10000 90. |
These two sums, and the deposit left over by /
1
to the Common School Fund Of the
State.
In addition to this, on September 9TH, he
deposited $l,349 81, which was probably a
draft for collection; and on September 9th,
$4,000 90 more. This last We understood
to be a special fund, not yet into the State
Treasury account, and probably belonging
to the permanent fund Of one Of the State
a. it was checked out, as we
understood in purchase of warrants for in
yestment in bonds for the University.
The $4I, 900 90 deposited on April 9th
md May 30th, and the $l2,5SS &C let on
deposit by Treasurer Vasscr was not checked
out until November 18th; ut which time
hat 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 L. :. Bonds delivered to
the Treasurer.
In reply to that portion Of your letter re-
erring to the rumors that "the school funds
lad been used by the Treasurer, or persons
n his employ, for purposes of speculation
we can assure your Committee, that neither
The Treasurer, nor any person in his employ,
n any other person, have ever received one
cent of profit, benefit or advantage from hav-
ng these funds in our bank nor have they
lrawn, nor attempted TO draw, any funds, nor
ION upon the fact Of having such deposits
with u. Treasurer Holland has had some
private transactions with US, as an individ-
lal but having no connection whatever with
he public funds.
Mr.. RAYMOND has, for several years past,
lad large transactions with Us, through the
irm of Kimball, Raymond Il Co, and the
Pilot Publishing Company, and h" has been
indebted to Us for three years past, varying
rom thirty to fifty thousand dollars, and at
this time owes nearly the latter amount, all
If which is secured by State warrants drawn
IN favor Of the Pilot Publishing Company,
and mortgage upon it, property. lie has
asked no tavOrs, nor received any accOmmo-
latious from u 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 M except the payment of a
note to the Holly Springs Saving Associa-
ton, and "a personal loan in connection with
his personal afiairs. We take pleasure in
saying further, that Mr.. Raymond has not,
AZ amy time, or in any manner, ever proposed
" suggested that he should derive any adj
vantage or accommodation from the fact that
ne was connected with the Treasury depart
nent; certainly no speculation has been had
mt OF the amounts on deposit with us during
hc time they remained with is.
The various amounts placed on deposit in
our bank by the Treasurer WIS, according
10 our understanding for better protection
and safety, aud subject 10 the check, at any
1av that the Treasurer might make his
check. or cali for tit was subject 30 his
disposition.
Respectfully yours,
r. e. T CPPrv