The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1875-05-07
For the Republican.
That Petition a Financial Move
ment.

Your correspondents attention was
called to the reading of a petition, pray
er, request, supplication or Begging, pre-
sented to the Hon. County Court at Its
present term, which deserves especial
notice.
In order that your readers may under
stand the significance of the document,
| give it to them Us it came from the pen
Of the petitioner:
''SAvANNAH, May 4, 1875.
To the Hon. County court OF Andrew
County. Jonathan Snowden, President,
Geo. Lambright, j. l.. Stanton, w. NJ.
Shanks. Hezekiah Watson, Associate
| Justices.
Gentlemen this Bank will pay to the
collector end Treasurer of the County
for the Benefit of the County for the De-
post of both offices per year Six Hun
dred dollars payable quartley or six per
cent per anum on monthley Balances
and to secure the officers and the County
against all loss, this bank will Deposit
with said officers Andrew County Bonds
and 500 Bonds. The officers to check
at sight at all times for all monies OF
deposit"
JOHN MCLAIN, President
Savannah Savings Institution"
l am not responsible for the orthogra-
ply of the s%upplication. The author
might with profit attend the spelling
school,"
For the past three years the larger
portion of the public funds of the County
have either been kept in the County
safe or deposited in the Farmers Bank
of Andrew County.
That such a disposition of the public
money has been extremely painful to the
above named petitioner, needs no further
proof than a glance at the b%eseeching
request his agony has induced him to
commit to paper.
Previously, however, for many wears,
" this bank" as it is characterized in
the petition, had been the recipient OF
the deposits of the public money, and no
record of court shows Il donation from
this bank OF a single farthing on ac-
count of the hundreds of thousands of
dollars deposited therein. And now, |
would suggest that if this petitioner feels
that this bank" has been benefited to
the extent of six hundred dollars per
annum, or any ether sum, in the past,
and his magnanimity does not abandon
him BY the next regular session of the
County Court, that he approximate rs
near as his memory will permit him, to
the amount this bank" has been bene-
fitted, and reimburse the County accord
ingly.
| submit whether or not the PROPOSE
ton is not Il fair one. This done and
the court might have some confidence
in his sincerity.
The insult offered to the Collector and
Treasurer in calling upon the Court to
name the place where they shall depos-
it the public money, without consulting
or regarding their wishes, or the wishes
of those who have made themselves re-
sponsible for their official acts upon
their bonds; well knowing that there
was no law to enforce such an order.
even if spread upon the records of the
Court is in perfect unison with his daily
transactions with his fellOwman and too
contemplate to be resisted only by ST.
lent dlsdain.
The Collector has filed bonds to the
amount of two hundred and fifty thou
sand dollars. which have been APPROX
ed by the Court.
The Treasurer has also filed bonds,
which have likewise been approved land
whenever the Court is of the opinion
that these bonds are insufficient to in
demnify the county against loss, they
| have only to make IN order requiring
them to give additional bonds; further
than this the Court has no control over
their action, provided they comply with
the requirements OF the law.
But says the petition, ''to secure the
officers and the county against all loss"
this bank Twill make deposits, &c"
| apprehend without conversing with
the officers, they will make their depos-
its where in their opinion they believe
their money to be secure, without being
burdened with Andrew county or 500
bonds, pivea as collateral. | have fire.
a~uentlv known individuals to deposit
notes and bonds with banks to better Sc
cure them from loss, but when a bank
proposes to secure individuals from a
loss which they might sustain by de-
posting their valuables with them, such
a departure from the ordinary course OF
banking discipline has, to say the least,
the appearance of a want of confidence
in its own ability to liquidate its de-
mands.
I4nanr Ln howeyer that the MAN