New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1886-09-22
MINNESOTA NEWS.
THE PUBLIC ExAA1NER's REPORT.

Second Biennial Shelving ef the Affairs OF HIS
OAlce-Summarized Statistics-COnrlets - Ao'
bacco Chewers.
The biennial report of Public Examiner
Knox to the state legislature Tor the two
years ended July 81, 1886, shows the cash
balance on hand June /, 1885, as per the
books and vouchers OF the auditor and
treasurer, to be S247, 8sO.5S. The receipts
since that time have been 1888, 335.5I;
disbursements, 50. s3S, OS1.16; balance on
hand June 5, 1886, 1858, 1919. The to-
tai depository bonds given by the various
banks OF st. Paul and Minneapolis amount
to 81, 745. 900, covering as per the
law. deposits of one-half that amount,
the laws OF 1885 providing that
tie bonds of each banking in
stitution should be at least double the
amount OF the deposit. During the year
1885 there were two times-the 1st OF Sep
TENDER and October-when there was an
excess in the amount OF the authorized
sum, the largest being SO. 1927. During
1854 there were excuses upon Aug. l,
Sept. 1, and Oct. 1, on the two last dates
this amount being more than the total
amount that could be covered by an
equal proportionate distribution OF the
deposits among all the banks. Referring
to the present condition of the bonds, the
examiner says that he has advised the
treasurer in regard to all statutory defects
in certain OF the bonds, and also that four
new bonds should be called for from banks
whose bonds are radically detective by rea-
son OF the death or failure OF sureties, oc
for vital faults in their original construc-
ton and execution. He recommends in the
execution OF new bonds a liberal in
crease in the amount, and, noting the
fact that no limitation is set by
the statute, he recommends that a limita-
ton be fixed by law governing the life OF
this class OF bonds. He also suggests that
custodian for the bonds be named in the
statutes-an entirely disinterested person.
He calls the attention to the inadequacy
of the amount now fixed by law as to the
penalty OF the state treasurer's official
bond to protect the increasing funds OF the
treasury. The bond of the treasurer is
100000.
BONDS EXPIRED.
He calls attention also to the fact that
several OF the bonds OF state officers have
expired from various causes, and that the
official acts Of the incumbents. are without
the necessary authority until they have
duly qualified by the execution OF a proper
bond. The total OF the. invested fund OF
the state ia S4,122,6 $50, of this amount
$3.S42, $50 belongs to the permanent
school fund and $3.50, 600 to the perma-
nent university fund.
The examiner urges that return of all the
treasurer's transactions, with the vouchers
therefor, should be made to the auditor
daily instead OF monthly. He says:
Any system OF accounting which makes
the auditor dependent in any measure
upon the treasurer for information as to
his cash transactions is radically detective
and vicious.
The point is made that in the case Of tax
ing mining products information as to the
amount offunds to perceived by the treas
urer is lodged 9th the auditor, and in the
case Of money collected by state grain in
spectors and weighmasters the information
is lodged with the treasurer. He suggests
a constitutional amendment to produce
uniformity. The total receipts for twelve
months OF all the public institutions were
1874, 996, O3; disbursements. STA, 63O.55.
He holds that there can be no propriety in
the present loose method by which the bills
to be paid are filed monthly with the state.
He notes that the annual expenditure for
tobacco ut the state prison for convicts
amounts to nearly $4,000. and recon-
mends that hereafter these rations be paid
for by those to whom they are issued. The
bond Of the president of the board OF the
state university has not been renewed fol-
lowing several appointments as regent for
the term Of three years each. The exam
liner charges that there should be meas
ure OF reliet from his work in supervising
the institutions OF the state.
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