The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1876-11-03
froa tbo Lansing Republican, Oct. 9th.
TIE ST.ITE DEPOSITS.
WHERE THEY ARE, AND WHAT SEC RI
TY THERE Is FOR THEM.

nder The heading OF ~ nbusinesshke man.
agement OF the State Finances" the Detroit
Free Press OF Sunday Oct. 22, treated It's pious
readers 10 column OF discolorod or false state
ments, aud closed with the following bold as
sertion, which Is so much in contrast with the
usual sncaklng style OF that paper tnat 1t mer-
its some notice.
OF the state treasurer himself knows how
valuable the securities held for these deposits
are. there is no one outside OF his Office or be-
You'd tho range OF his personal confidence who
does, aud for all the public knows or will be
permitted to know 80 long as republican ad-
mmIstration remains in power, not a half or
oue-fourth OF the deposits are secured at all
Tue treasurer, candidate as he is for the suffra-
ges OF the people, and pledged as he is to their
service by his oath of Office, dare not publish q
hst OF the banks holding the state funds, and
OF the gureties 10 whom the state looks for in
demnity 10 case OF any failure on the part Of
tie banks He dare not show the.people what
ne bas done with their money, or permit them
al opportunity Of judging what the prospect Ia
that II will be returned to them when 1t Is
called for"
On Tuesday, Oct. "a, the matter was followed
mp by an article headed Can the people afford
20 reflect McCreery 2" and the bold statement
AZ repeated:
"Tba treasurer Will neither disclose where
several hundred thousand dollars OF the money
of theapeople is, nor what security the state
has for 1t. There is nothing TO show that the
institutions which have the state money are
solvent. nor that some Of them are not kept
from dIsaster by the bolster1ng which the state
affords them. 1t would be unsafe under any
circumstances to permit continuance IN the
future OF the financial management OF the past
with every day possibility OF the state being
startled be the information that portion OF
the state money has gone the way Of that Of
the uneecured depoAtors in McGOwans burst
Cd bank. But with a man ike McCreery II
Office II will be criminal negligence IL the PEG
pie or The state do not take from him the keys
OF the treasury, and conslSp their care to a mar
or uDdoubted integrity. whose first duty 1t shall
be TO zee that the money is safe aud secured
and who viii! have no hesitation at any time II
giving the people full information in respect t
that money"
knowing the sturdy courage Of COL McCree
ny. wo called on him last Wednesday morning
to soc IL he would "take stump" from thu
FREQ Press. We found him courteous and at
tentave, a. be always is He stated that TIN
money belonging to the people was In well
known banks perfectly secured, and he would
he glad to have the people know all about 1t
He had never been asked the quetsion durlnl
his whole term or office. by anybody, whicl
banks kept the state money, nor what securit
he had taken for 1t and 1t was therefore no
true that he had refused" to give the infor
nation. He cheerfully showed us the list o
banks and permitted copy TO be taken, whic
bs aB Follows.
STATE DEPOSIT BANKS.
Second national bank, Detroit.
American national bauk, Detroit.
Merchants and Manufacturers bank, Detroit
Importers and Traders natl bank, n Y.
Southern Mich. national bank, Coldwater.
Union City national bank, Union CITY.
First national bank. Grand Rapids
CITY national bank, Grand Rapids.
First national bank, Grand Haven.
First national bank. South Haven.
Citizens national bank, Flint.
Genesee county savings bank Flint.
National exchange bank, Albion.
FIRST national bank, Jackson.
First national bank, Charlotte.
First national bank, Battle Crock,
First national bank, Owosso.
Grosvenor X Co., bankers Jonesville.
First national bank, st. Johns.
Coldwater national bank, Coldwater.
FIRST national bank, Detroit.
Second national bank, Pontiac.
Citizens national bank, Niles.
Michigan national bank, Kalamazoo.
W. H. Stone d Co., bankers. Adrian.
FIRST national bank, Centreville.
FIRST national bank, Port Huron.
SECOND national bank, Bay City.
Fort Huron savings bank, Port Huron.
FIRST national bank. East Saginaw.
FIRST national bank Three Rivers.
second national bank, Hillsdale.
peter y. LOOMS. banker jackson.
SECOND national bank, Lansing.
Lansing national bank Lansing.
SECOND national bank, East Saginaw.
Eirst national bank, Monroe.
here are 81 different banks, located in var
n,,o S OF me state, and If any advaDtag
scciues from this money, il IA fairly distril
uted " 10 ,"J ~''i''
Next we were permitted to copy the bon
gwen by one OF these banks, which Is exact
cue same IA tenor and effect with the bond
gwen oy oil the other banks aud II reads a