The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-01-10

1
made the report of this commission
conclusive as to the losses of claimants;
and imposed upon the state auditor the
| duty of preparing a schedule of such
claims, and issuing to each claim
ant ''certiicats of Indebtedness bear
/ ing interest at four per cen
per annum from July 1st, 1857. for tn
amount of his claim as assumed"
| The auditor of state has issued GER
| tificateS of Indebtedness, as directed by
| this act, and in his biennial report sub
mits detailed statement, giving the
amount of the original claim, the per-
| centage of principal assumed by the
! state, the amount of interest due
| thereon, and the names of parties to
whom certificates were issued. The
! claims thus audited, to the close of the
last fiscal year, aggregated 1916, 1864,
and the interest thereon amounted to
S9S,252.90, making a total of S445, 029.-.
II. Since the close of the fiscal year,
! certificates aggregating 1896 of princi-
pal and S197.40 of interest, have been
issued; so that the certificates now out
standing aggregate S347 2.54 of prin-
cipal and sos, 5000 OF interest, making
total Indebtedness of S445, 1924.
The law assuming the payment of
these claims declared that they should
| bear interest lat four per cent per an
mum, from July LIST, 1887, and the
form of certificate embodied in the law
states the same fact. The legislature,
however, neglected to make any pro-
vision for the payment of this interest,
and early last spring the state officers
were confronted with this embarrass-
ment. The state treasurer, after cor
respondence with the fiscal agent at
| New York. finally made arrangements
| for the money necessary to pay the
| coupons falling due July lst, 1855, all
the state officers signing a personal
note for fourteen thousand dollars
| 1914 ,000), bearing interest at four per
cent per annum and payable on the
3fst of January, 1899. The state fiscal
agent holds the coupons paid as secur-
ity for the note. The action thus Ia
ken was necessary to protect the
credit and good name of the state. and
it is important that an appropriation
be made at once for paying the cou-
pons and relieving the signers of this
note of the responsibility they as
sumed.
The next installment of interest on
the Quantrill claim certificates is pay
able on the 1st of July, 1899. The cou-
pons following are for one-tenth of the
principal, with interest. and fall due
on and after the LIST of February, 1890,
and on the same date of each year
thereafter, until the whole of the GER
tificate is paid. The legislature should,
therefore, at its present session, make
the appropriations necessary to pay the
principal and interest due on this class
of certificates for the year 1890, as we'll
as for the interest due July LIST, 1888,
| and July lst. 1899.
PRICE-RAID CLAIMS.
In accordance with the provisions of
house joint resolution No. z, passed at
the last session of the legislature, Gen.
| John G. Caldwell was appointed as
commissioner, to report at the present
| session, "a full and complete detail Of
all the Price raid claims which are IN
paid, and which have been audited and
| allowed by any commission heretofore
| appointed, and upon which union mill
itary scrip has been issued, etc. lie ae
once began the work assigned him, has
prosecuted it with painStaking indus
| trg and energy, and will be able to pre-
sent. for your guidance, as full infof-
nation concerning these comp IcateS
and much-audited claims as 1t is posi-
BILE to secure.
| Your attention is directed, in this
connection, to thereports submitted by
the states agent at Washington, con-
corning the nature of claims likely to
be assumed by the general government.
In discussions of this subject 1t hH
been at times alleged that the UnsteS
States will in the end relieve the state
/
the legislature may assume and pay.
This, however, is only partially true.
Congress hasSsteadilY refused to pay
claims for losses or damage TO property.
or for property destroyed during a pc
Rod of war, or for interest on any
claims allowed. 1t has always been
ready and willing to assume and pay
state claims based on the equipment.
transportation, subsistence or pay of
| int sasall aA int I'm
service OF the general government.
These facts should be fairly under
stood. If the state assumes the pay
ment of any war claims except those
based on expenses for the equipment.
transportation, subsistence, or pay of
troops, it alone must bear the burdens
The United States government viii
not relieve il of a dollar Of the RESPONSE
bility.
1t is undoubtedly true that the Unit
ed States commission which audited
the Price-raid claims, IN 1871, improp
erly rejected a considerable number
because the facts were not fairly pre-
scented. Claims were made, in some
cases, for property destroyed, J" which
should have been made out for prop
erty taken for the subsistence of
troops;'' and other errors of similar
nature were made in proofs submitted
to the Hardie commission. If the
state can have this class of claims sift-
ed from others. and sustained by pos
tive proof, the general government
will undoubtedly pay them. But no
relief can be hoped for In so far as
other classes of claims ars concerned,
and if the state assumes payment Ofany
of these, it should do so with full un-
Outstanding of the fact that it alone
will have to bear the burden.
The state as trustee for the claim
ants, received from the United States
} government in 1872, an appropriation
about $40, 600 was diverted or misap-
piled, The state is in honor bound to
} repair the wrong thus done, and to pay
r to those thus defrauded the money
due them.
SAVINGS BANKS.
During the past Two or three years 3
} number of banking institutions ealie1
, ''sayings banks" have been organized
/ under our laws, and many of these are
: inviting and receiving deposits Of small
sums, FROM people of limited means.
+ The value and Importance of such de-
5 positories, if the security afford depos-
/. itors is absolute, will be generally re-
] cogniZed. Properly managed, and sur
rounded with perfect safeguards. they
l encourage industry, thrift and econ
!, omy. But the security forded theil
3 depositors should be unquestioned
r The legislature should provide for theiI
: organization, management and super
+. vision, and should surround them wiz.
: such safeguards as will make it impOs-
Z, | sibIe for any depositor to lose single
!, cent of his or her hard-earned and slow.
! " accumulated capital.
5 RATES OF INTEREST.
In my message to the legislature OF
I 1885 recommendation was made that
s the legal rate of interest be reduced,
q and this recommendation was renewet
= in my messages of 1856 and 1857. Law
e to carry into effect this suggestion wer
I. introduced, but failed to receive affirm
y alive action.
The rates of interest established b
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