Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1878-09-07

q DItthiItNt I HAS tp-lHN du-
dressed State Treasurer Gates the toll
letter, which explains itself:
THE LETTER.
DEAE SIR: Under the date or the llth
day of May. Is11, You report to this de
partmcnt that. III accordance with sec
ton ID. article 10. OF the constitution,
vou had solicited proposals from the dit
fercnt banking institutions of the state
for the deposits of the public funds. At
the same time and place, you submitted
20 the executive and Acknowledgement
the name OF the Watkins Bank, of Kan
sas City, as the one selected by you.
Upon examination OF the proposals sub
mitted, your selection Was approved. tor
the reaSon that the institution selected
by you offered To pay q higher bonus
for the deposits than any other, and this
eft no room for discretion under the
language OF the law. You were directed
to inform the bank selected of the Off
cial action had in the premises. and to
notify the same to furnish the security
required by law. 1t was at the same
time indicated that 40 security would be
satisfactory IN the governor and attor-
ney-gcnera. unless il was in the form Of
c0.!aterals capable OF being converted
into money il the shortest possible
time-that is 20 say. that nothing but
bonds OF the United States or OF the stale
OF Missouri would be accepted. 1t nov
appears that the bank in question never
complied with the requirements OF the
.aw. and that the public funds have re-
manned in such institutions as you have
-.l-..,l 90, -.,,- NY "a ,,,rliiIlty IL
also appcars that one of these banks has
suspended payment, tying up some OF
the public funds in your custody and
embarrassing You in the discharge OF
YOUR OitiCla! duties.
1t j. not necessary for Int 10 inform
YOU these are matters of pubic notoric-
IL. based a. they are upon your state
ment MED II this office. But it becomes
my duty to say ,C scr that | entertain
grave doubts whether IN the present
condition of public opinion. the revenue
will be paid with that promptness which
pUb:ic necessities imperativeiy demand.
While | fully recognize the tact that
there IS no power vested in the cAeGu-
tive to direct YOU in the discharge OF
| youf trust or To exercise any control
over you officially. still, in view OF the
tact that they must e~ventu,tc in. or tend
H. produce IAN extraordinary oCca-
| sion to he met only by the expenditure
ct large sums OF the peoples money, |
would earnestly request that You pro.
coed at 0nce to r~e-clect u depository al
public funds under section ID. article II
OF the constitution.
Should the imperIeCtionS OF this law
1890. -,,.,-,!N. imam Enaa,3 trInl
wu.ii lLru recommend that You select
on your Own responsibility some bank
that will place in your hands 20 cOllat
cral, bonds OF the United States o. q
this state to an auIoun equal to the de-
D"sits made, and that you make weekly
or seni-m0nthly reports OF your ran
actions with suc.. depository to thi
office tor public inspection.
Permit me further to- suggest that /
il very desirable that this communica
ton should receive your immediate at
t]entiou, as an early an8wcr is necessar,
in order that | may determine My of1icia
duty. in accordance with the exigencie
of the occasion. Yours respectfully
HENRY c. BROCKMEYER.
Lieut.. and Acting Governor.
hEtlI u. LIE AffstIf.N.
The following is the reply to the abov
made by Treasurer Gates this ait2:aron
To His Excellency, ii. c. Brockmeyel
Acting Governor:
SHIN reply to your favor of tn
3Oth inst. touching the deposits of tn
states money, in compliance with tn
provisions OF section -. article 10 OF tn
Constitution. | desire to state that | hav
today forwarded 10 the leading bankin
!, institutions of the country Il circula
asking proposals or bids for the deposit
of the state. Yours respectfully.
ELIJAH GATES.
l Especial to tine Republican.
! JEFFERSON CITY. Mo, Sep %-Lieu
Gov. Brockmeyer informs your CORE
uondent thai the only securities that w
, be accepted by the governor and alto
ney-generai tor the keeping of the sta
l deposits will be United States or sta
5 bonds IN amounts varying with the d
{ posts from time to time. The bid ",
be awarded to the bank offering Il
highest bouus. The kind OF securiil
l having been determined upon Il
o amount of bonus will be the Only Que
g ton considered. Enough applicable
have already been received OF such
character 30 10 warrant the governor
> the assurance thai iha matter will pro
y a success. The treasury department
!. ready and willing at all times to g.
fui! information to bidders as to detail
: Mr.. NJ + Royie, treasurer of the Lexir
/ ton yclI.w fever !eIIef committee, has f
@ var ied to th- Howard Association, al Ne
II pills. ons draft, September Sd, on Dom
Lawson Il Co.. S-w York, for So: @
draft, September 18th. m ainth Sstiol
% Bank of New York. 500: one draft. septe
Is Der 9Th, on Bank of Commerce. st. Lou
Its 70. Sl04 30. Total, S2l9 80. LeXingt
:. Lodge, SO Ii9. A. F. Il \. NJ, has sent,
addition to the sboVe, $50.
j. II. M,rqnart. at Gilrs old stand. DuI
Row. wants all the u,j boot legs he can x
Bring them along and get the cash.