Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1880-01-17
THE STATES FINANCES.
JFrom the Kansas City Times, Jan.1.]

IFrom the Kansas City Times, jan IL
The main feature, or rather the
main features. in the report of State
Treasurer Gates, to which we alluded
briefly yesterday morning, are the
facts that the finances of the state are g.
in ali entirely healthy condition, and
the state is meeting its obligations as
they mature, and that the treasurer
is making good tho deficit in his ac-
counts caused by the failure of the
Mastin Bank with nearly $500, 600 of
the states money in its vaults. AT
the time, aud Immediately after the
failure of the Mastin Bank, the re-
publican press of the state, and
considerable portion of the demo-
cratic press, went nearly wild on tho
subject of the losses they said the
state had sustained. fssf
They would listen to no explains
ton in regard to the matter. They
said the water works bonds, and the
bonds of Clinton county, which tho
treasurer had accepted as security
and part payment of the amounts
locked up in suspended aud broken
banks, were not worth the paper they
were printed on. They started q
systematic persecution of the treas
urer. They were determined to ruin
him i'll the minds Of the people il they
could not convict him before the
court. They dragooned the legisla-
ture into their policy of persecution.
They fired at him committees of in
vestigation in rapid succession. They
procured him to be indicted in this
county. They branded him a default
ter aud de etermined to make him one
if they could. 1902 ~
Their indictments, however, came
to nothing. The treasurer was ac-
Quilted by jury on full presenta-
ton of all the facts of the case. Their
committee of Investigation contra
dicted each other, and submitted re-
ports based upon er parte testimony
that would not bear investigation.
The legislature refused to vote
articles of Improvement. In the
meantime the treasurer and his
friends claimed that he could and
, would make good to the state
the last dollar entrusted to his
care, if he were allowed time,
/ and was not wounded to his death.
His report shows that he is fulfilling
p his promise. He has realized OH the
water works bonds. He has realized
on the Clinton county bonds. He
. has reduced the amount of the
a deficit more than one-half $94, 1923 &C
s of this reduction has taken place
g within the past year. -A
We have always done Treasurer
o Gates and his principal bondsmen
e the Messrs. Burns, of st. Joseph, the
L justice to believe that he and they
would i'll the end return to the STATE
treasury every dollar that was ow
t ing to it. He and they made goo(
G the loss-about half million of dol
k lars-sustained by the failure Of tn
}, State National Bank. There was nj
reason why they should not in lik'
10 manner make good the loss sustainet
by the failure of the Mastin Bank
- They said they would do so, ant
what they had done inspired us il
a, believing that they would do as the,
N said 1t gives us pleasure to know
that we were not mistaken in Ou
antlcipations, and to express, the be
lief that by the time Col. Gates tern
- of office expires, a year hence, hi
account with the state will b
straight to the last cent. .-.. .-