Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1891-03-06
GIVEN FOR INTEREST MONEY
Attorney General o Connor atI,sst
Begins Proceedings Againt
the Ex-Treasurer.
McFetridge Has COMPLAINT Ssrvsa
Upon Himself -Bondsmen
Also Summoned.
Charges Made on Behalf of tho
State Detailed Statement
Of the Great Case.

MINIATURES. Wis, Feb. 24-SuitS
were begun by the state of Wisconsin TODAY
against Edward {. McEetridSe to recover
SioS'uo0 alleged to have been received by
! Mcf etrldge as interest on state funds
| while he was state treasurer. There are
| three suits aSalnt him, he having served
TWO terms and by constitutional amend
ment one year additional, and one upon
each ot his hondSmen-j. 4. McFetridce
! William Stanley, George ,Mertens. Jacob
! Van Orden, John +. Smith, ]. ]. Gatti-
| ker. Geo. B, Congdou, j. s. Rowen.
! Andrew Mi'lard, and +. l.. Newton.
Service ON Mr.. McFetridge and his
! bondSmen residing at Beaver Dam was
made to-day by Assistant Attorney General
Clancy and Deputy Sheriff Currier of Dane
| county. Attorney. General O'Connor and
| Deputy Sheriff Boyd made service ON the
| bondsmen.moSt of whom reside at Baraboo.
| The complaint claims that it was the
| duty OF MeFetrldge to make accurate ac-
| count OF all moneys coming into his hands.
and to credit tbs same to the fund 10
winch Sald moneys respectively belonged.
| together with the earnings of said money
| when the fund was deposited in banks at
interest; that he had on deposit III differ
ept banks at interest from 2Is to 4 per
cent. sums ranging from 81 10000 to
Ss15, LOO; that the quarterly REPORTS made
by McFetridge to the governor did not
show to what particular funds the moneys
50 deposited in the banks belonged. or Ia
what fund the interest earned by such de-
poSltS should be Credited that the moneys
deposited 10y MoFetridge must necessarily
nave embraced money belonging not onl,
| to the general fund but also to several
traSt funds; that MCEetridge failed to ac-
count for the interest received, and that
the loss suffered by the trust funds was
very great and that McFetridge and his
SuretieS should be held accountable for the
loss
1t Is alleged in the complaint that GER
tam Of the bondSLtep received a portion
OF tins interest money. jeremiah Rusk,
then governor of the state, is charged with
having had Il guilty knowledge of the
transactions, which il is charged were dis
honest and Illegal
The facts which the attorney general
wants MI. McFetridge to disclose are
summarized by Mr.. 0'Connor in this
way:
First-Ihe amounts loaned or deposit
ed Hy the said state treasurer during his
term
Second-The date of each deposit,
the name of the bank, etc, to whom such
loan or deposit was made, and the terms
and conditions thereof
Thlrd-Thc duration of such loan or de
poSit the rate of interest or other consid-
eration, the date of each payment of in
terest and the person or corporation to
whom payment was made
Fourth-rhe disposition of such inter
est moneys, the amount thereof actually
received by said McFetridge. the amount
thereof used or appropriated by him to his
own personal use or benefit, or for the
benefit of other of he defendants, the
amount still held or used by him or any of
them or the amount of such interest
moneys, II anh as was properly credited
to the several funds or turned over to his
successor.
Fifth-1'he proportion or amount of
deposits or loans as belonging to the
general fund upon any date when such
loan or deposit was made, the rate of in
terest or other terms or conditions and the
application of the interest moneys carried
and received.
SlXth-The proportion or amount that
belonged to each of the the trust funds
with all other applications as in the in
quiry regarding the general fund.
Seventh-Ihe total amount of interest
moneys received by the said McFetridge ON
account of the deposit of the public funds
by hlm in banks, etc, the disposition
made by him OF such interest moneys, and
all the facts and circumstances attending
SuCh TRANSACTIONS