New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-08
THEY ARE WORRIED AT THE CAPITOL.
Mr.. FAssETT's INQUIRIES ABOUT THE D1spoI-
TON OF THE STATE MONEYS NOT REIIsHEn

MR. FAssETT's INQUIRIES ABOUT THE DIsPosI-
uoN OF THE STATE MONEYS NOT RELIsHED.
Albany. Oct @peclaD Ex-senator Janob sIoat Fas.
sets auson TO the mystery" surrounding the farm
ing out Of 81 100000 of the refund tax at IL 10
= per cent interest, at Poughkeepsle and again at
Lockport, has caused the nvelest Rlnd OF interest
about the State House, and explanations constantly
being made. To a Tribune CORE spondent State
Official said:
"The general fund is not very desirable and is no:
sought after by banks for the that there Is
no certainty as to how long bank can keep the
amount placed in it,
Then the admitted that there could be
an arrangement made whereby certain banks could
be favored. He said "when portion OF the general
fund is placed in any bank 1t remains there until part
or all is needed for one OF the various funds. Then
yellow check IL used to transfer the amount required
to the Commercial Bank Albany. This yellow check
must be signed by both the State Controller and the
State Treasurer. Now, If one OF these officers re
fused to sign the yellow check the other would be
powerless TO act"
Then the officer admitted that an INSCRIPTIONS State
Official might make deal with bank TO allow the
amount deposited with it to remain untouched for n
long period This would permit the bank to loan the
general fund moneys out for nearly the length Of
time. Then, too, the refund tax money being in ex-
cess OF the regular Appropriation fund. there was a
certainty that ii would not be needed and there is
doubt but better rate Of interest could have been
secured than the State is receiving. State Treasurer
DanfOrth, who is candidate for reelection is com
PEELED by law to make statement each month OF the
amounts OF the various funds In the banks perusal
Of these show that in many OF the banks tho amounts
given to them early In the year have remained intact
for several months. The refund tax moneys were
deposited in March. The National Commercial Bank
on March had SS93,OO0; April. 9l,635,0o0, and
October, 81 0500O0 Albany City Bank-Niarch, 1923,
900; April, 1928 900; October. S315,000 Ncw-York
State Bank AlbanyMarch, 1860 900; April, s46o $50
October, 100000. Albany County Bank-March,
$4,000; April, $4,000; October 100000. Mer-
chants Bank Albany-March, s27s,o0o; April, $685.
900; October, 100000. Manhattan OOmpany's Bank
March, nothing April, 1884; october, 81 500.
Continental Bank, NewYorlS-March, $4,000;
April, S2o7 900; October, 100000. Hanover
Bank, -York-March, $77,o0o APRIL s227,-
600; October 100000 Southern National Bank,
New York-March, S75,s59; April, Sl75,oo0 October,
S75OooO Columbia Bank, New York-March $64 200 ;
April, S234,O0o; October, s150O0o. Mount Morris
Bank New-York-March. $50 GOO; April, $4,000
October 100000. seaboard Bank, New Yorls-March,
$4,000; April, s17t 900; october, $4,000 Park
Bank, Albany-March, s51 900; April $4,000; oc-
tober, s75 900. New York Security and Trust Company
March, $4,000; April, 100000; october, 100000
Bank Of Harlem-March, April and october. $4,000.
South End Bank Albany-March $4,000; April, $751;
900; October, 100000. National Exchange Bank
Albany-March 100000 April, 100000 october
$50 600 Nineteenth Ward Bank, New-Iork-March
April and october, $4,000. GansevoOIt BANK, New
Y0rk-Narch $4,000; April, S25 900; october, $50,
O00 Mechanics and Farmers Bank, Abany-May
S2JOOOO: October 100000. Fifth National Bank
New YOrk-May. 100000; october 100000.
pany' NewcYork 5000 900 National Park Bank, New
York. $4,000 Clinton Bank New-lorh, $4,000.