Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1888-02-24
APIS, TIN TYPES.
The Logan Freeman Still Keeps
ND a Racket About the
Banks

uD a Racket About the
Banks.
Last week the Logan Freeman de-
voted two columns again to the dis
cussion OF the county printing, the de-
posting Of the county funds by the
Commissioners in the Phillipsburg
Banks, aud to the HERALD. Well, we
cannot devote so much space 10 our re-
ply, and we suspect the people under
stand the matter pretty well now. 1t
appears that Mr.. Boyd submitted the
question TO Attorney General Bradford,
who says he thinks the County Trea-
surer must obey the order Of the Com
missioners as to the depOsiting Of the
county funds, but that the Commission
ers may, for good reasons, decline 10
deposit funds in the banks. The law
under discussion is q new one and had
never before been Interpreted by the
proper authority. We would not have
put that construction upon the statutes,
but we do not question the soundness
of the Attorney Generals decision
The section under which the Commits
sioners acted reads as follows.
COUNTY TREASURER TO DEPOSIT PUBLIC
MONEYS.
An Act authorizing county treazurers in counties
OF more than seven and less than twenty Give
thousand inhabitants to deposit public money
iu bank or banks.
Kansas
section /. That ia all counties having popu
latiou Of over seven thousands and less th1l
twenty I'VE Thousand lulahiJaE the cou4ty treu
slger shall deposit daily all public money in some
=pGu-i1la bank or ban q located az the county
seat % De designated by the board OF county
commissioners iu tle name of said treasurer a.
such officer, lIcl bank shall pay such Interest
on average daily balances us may be agreed upon
by lue board OF county commissioners. and sucL
bank OF banks shall credit tine same monthly O.
the account OF said treasurer; and before making
such deposits the said board shall take from such
9aL> or nahr s1ou aug. -lll-eiL oo!lL tL a Jun
double the largest approximate amount that may
PC %" -lPo7lt -t -ti1 1-iI tL-T --.t'
sucA ce lo-lt7 7lal DC promptly pAld on the cAech
draft OF the treasurer OF said county aud such
bauk or banks shall, ON the first Monday OF each
MONTH ME WIN the county CLERK @ statement OF
the amount ot money ua hand 40 close Of business
each day during tie previous month, and ths
amount OF interest ACQUIRED thereon 10 said date.
see. .. The provisions, 70 far as the same are
applicable of sections three four, five, six, seven
eight and nine OF chapter seyeuty-eight, session
laws of 1876 20 far as the same are hereby made
applicable 90 the provisions OF this act.
Now the Commissioners not being
lawyers put the obvious common sense
upon the law. Let om
readers read the law over again and see
if they would not have construed it the
same as the Commissioners
Now as to whether the banks could
or could not afford to pay more than
one per cent on the honey, we do not
know, and have never expires sed an
opinion, Notwithstanding the Freeman
frequent false statements to The con-
Tary.
The HgEALD's position all along has
been that the banks say they cannon
and will not allow over one per cent
interest unless the funds are left some
definite time; we do not know whether
they can or cannot afford to pay
greater interest; they pass for men o.
truth and veraeity, and that is all that
we know about it. As every HERALD
reader is fully aware this has been our
position. Why does the Freeman con-
unue, week after week, to misrepre-
sent us? We would rather that the
county should get one per cent than
nothing. The banks say that is all
they can allow and the Commissioners
had to accept that or nothing Wheth-
er they can or cannot afford to allow a
greater interest We have no means Of
knowing. This we do know, that when
we have deposited private funds, they
would allow lis no interest unless we
left the money at least three months.
The Freeman's whole broad-sides
against the treasurer, the Commission
ers and the HERALD have fallen short
Of the object AIMED at. It's grievance
seems to be against the banks. That
beng so it can fight it ont with them.