Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1879-01-25


against the treasurer and his bondsmen
by the attorney-generali it thereby the in
terest OF the state can be protected.
The committee answer the second
question by the following statement:
There was in the state treasury on De-
cember 81, l87S,' the proper ba ance, but
made up of the following items:
l. Cash in Bank Commerce, st Lou.sS l22 ,303 81
2 Current funds in vault ........... 497 81
3. National Bank State No. claim. 3.Ol5 23 |
1. The Mastin bank claim .......-.. 2s6 Is7 50
5. Wolf scalf certih;ates. ASP W
g. Deposit with j. w Reid, of Kan.
sas City, to indemnify securities
on attachment bond against The ~ y,
Clinton county bonds ........ I9 QUO 90
Making total s47a, ,4e5 81
l. Verified by the statement OF the
bank. aet..o.rs, ,...t.. ...
2. Counted by the committee.
3. Already fully explained. |
4. Already fully explained.
S. Counted by the committee and the
amount verified, being ,737 certificates l.
numbered to 73S, inclusive; No. 339 |
omitted in series number by mistake.
6. The balance in Boatmen's saving |
bank as previously explained.
., Z. The value set down is the face OF
the bonds, which have iull coupons 10
date attached. They were received by
Mr.. Gates in part payment OF S2O6.s
certain claims as explained under the
Bank OF St. Joseph. ....-..
OF the balance, so called, on hand it
will be seen that only $l24.8O0 81 arc
available to meet demands on the
treasury. 1t can not now be determined
how much money will be realized. or
when. out OF the remaining assets. The
committee endeavored to ascertain the
value OF the Clinton county bonds. and
with this view addressed letters of in
quiry to severa' persons. The iniOrma-
ton elected is Slightly contradictory, as
| will appear from the following letters:
HOUSE OF REPRESENTATIVES,
| ,.-. JEFFERSON CITY, Jan. Ii. 1879.
Senator-In answer to your inquiry AS
to the value OF Clinton county bond, l
have the honor and pleasure to say that
they are worth 100 cents to the dollar.
Respectfully, A. c. Cook.
Member from Clinton county.
Hon. NJ. II. Phelau, Chairman.
OFFICE OF DONALDSON e. FRALEY,
ST. LOUIS, Jan. II, 1879.
Hon. Nj. H. Phelan, Chairman, JET
ferson City: Dear Sir-Your favor ol
the 9th received. Clinton county is in
default, and no market price; don',
consider them worth at the utmost, more
than 25 cents. Yours. &c,
DONALDSON s. FKALEY.
However, be the case as it may, to
sum up in few words this part OF the
investigation. there should have been In
the hands OF the treasurer December
81, 1878:
A balance In cash of ...,.::..... s472 465 9:
There is actually tincluding wolf
Leaving deficit ot... ..........-... s3iS, ,2iS o.
Before taking leave of this part of the
subject the committee consider it prop
Ell, as germane to their investigation, and
due to the general assembly, to mentior
that it appears, according to represen
tations and statements made to the com
mittee or elected incidentally during the
progress OF inquiry, that the previou:
treasurer, Mercer, turned over to Treas
urer Gates among other assets, al
counted as cash in making up hi:
: balance, a check for 1912 900 on thu
Mastin bank 1t does not appear tina
this check was ever actually paid. ,e
The committee found in the treasurer:
vault two thousand and nine
BONDS BELONGING TO THE SCHOOL FUND
Which they personally county and yer
lied; also one hundred and tweEly-tw,
: BONDS BELONGING TO SEMINARY FUND
Which they likewise inspected and coun
ted. The aggregate amount OF thes
bonds, at their face value, Is 81, ,131, 900
An inventory of the same will be toun,
In the appendix to this report.
> The committee are unable to dlscove
a single good reason why this immens
amount in bonds should. remain iu tn
treasurerS office, or that they can Serv
!. any useful purpose for which an unnego
table certificate OF Indebtedness will no
answer; but they do perceive great oh
jections to the policy which per mts sucl
accumulation. The committee urgentl,
recommend that they be authorized Il
/: once to cause these bonds and their at
tached coupons to be cane lied, and Ger
tiiicates of indebtedness similar to tha
issued January l, 1872, substituted.
WARRANTS OUTSTANDING ON THE TREAS
URER's Dooks.
i. The committee found on the treasu
rer's books large number OF old war
1 rants still outstanding. These warrant
/ were issued in different years from 1874
= to 1868; in many instances there is n
year; in others no date; several hav
neither year nor date, and one is withou
number, year or date. These warrants
. probably, are lost or destroyed, but il
q any event, the committee recommen'
p that the entries be cancelled so that tn
4 warrants no longer remain charg
, against the treasury; also that an orde
;. be passed prohibiting forever their pay
: ment without, however, barring tn
I claim. A schedule of these warrants l
; included in the appendix.
: TREAsUkER-s OFFICE IMPROPERLY AR
e ... RANGED.
:. The committee consider the arrange
u ment OF the counter and vault of th
treasurer's Office unsafe. Ii is not prot
), able that there is a single banking -hous
u in the country OF any note which woul
y suffer its money counter and books to b
. ON one side OF the room, and its none
} vault on the opposite, necessarily til
greater part of the day out OF View
those engaged in the business OF the y
fee. The present arrangement shoul
!, not be permitted to remain.
FUND COMMISSIONERS
e By section 2. ch 'pter 1913 (Wagner, !
d 1,2SD. the state treasurer and the stat
auditor. and their successors in offic,
are created commissioners OF the stat
e interest fund and given the exclusiv
lr control, custody and care OF the same
10 by section ~ they are also made e,
ID otficio commissioners OF the sinkin
IS fund Section requires The fund con
s. missioners to select bank in New Y or
re as the states fiscal agent. and section
ID allows, as compensation for its service
IN Il commission OF LILO per cent, on a
8, bonds and coupons paid.
re- 1t is to be observed that the fisc.
IT agent during the years 1878 disburse