The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-08
/, 1873, The following sums

Bank OF Darien .....-....- ............ l.ll9 q
Brunswick .-...-..... % .4i9 4
State Banking CO.. Gainesville ..... 6524 Il
South Ga. Bank. Way ross. ...... 50J7 u
Marietta Trust and Banking Co... 2ll0 O
Aggregating in repositories ........ 1881 .476 6.
With the cash in the state treasury
vaults the total amount on hand is 81 ,204,
172 o.
PEW DISCREPANCIES.
The committee found some small vari-
snces between the sworn statements fur
nished by the state repositories and the
books of the treasurer, but this is salts
factorily accounted for. In the Macon
depository. however, they found -. 9O2
which was not shown by the treasurer S
books.
OF the amounts shown in the various
state repositories the committee found it
all available except the sum of 50 40 q
in the Brunswick bank, now in the hands
of a receiver. which sum the treasurer
states will be lost, but the state is amply
secured
The report says: 1--WE call special at
deposit in the Third National
bank of Columbus, the Lagrange Bank
ing and Trust Company and the Mer-
chants bank of Atlanta. above the
amount of the bonds required Of them by
law. We find that on Nov. /, 1892
the Third National bank Of
Columbus had TO the credit Of the state
the sum Of S2l0,7l3 II, which amount was
increased by deposits from the state
treasury at various times until there is a
balance due 10 the state by this bank. on
Dec. !. 1898, Of 1901 $50 TO-
I'VE find due the state by the LeGrange
Banking and Trust Company on Nov.
l. 1892 the sum Of Sis PCS Of, which was
increased by deposits direct from the
f~aa Ti1 fbav-a fu a ba1 Ia 14,a . H.
state Dec. l, 1893, of Sl59, 1872 81.
We find due the state by the Mer-
chants Bank Of Atlanta. on Nov. l. 1892.
SI9,o34 o.. This amount has been in
creased by numerous deposits during the
year, the larger amounts varying from
$4,000 to S37 900, against which we find
numerous checks drawn. mostly Of small
amounts. but several for sums varying
from $4,000 10 $4,000, leaving a balance
due the state, according 10 the treasurer s
books, Dec. ], 1893. of Sl53,jl2ls.
We submit herewith the sworn item
lied statements Of the various state de
positories, except the New York and
Brunswick banks, from Nov !, 1892, TO
Nov 2, 1898 BY this exhibit il will
be shown that some increase Of de
pOsits has accumulated in all OF
said repositories within the last twelve
months, except in the Griffin Banking
Company, the Milledgeville Banking
Company and the Bank Of the University
OF Athens, in which the deposits have de.
creased.
Your committee took the sworn testi-
mony Of the president and cashier of the
Third National Bank of Columbus, the
president Of the LaGrange Banking and
Trust Company, and the state treasurer
and his assistant, which testimony we
had reported by a stenographer, and
herewith submit as Exhibit B." AS
will be shown by reference tC
said evidence your committee inter.
rogated them specifically as to the
large deposits made in the La Grange auC
Columbus banks and find that no pecu
mary interest or benefit, either directly
or Indirectly, prompted the state
treasurer TO make said deposits, but thai
it was done in compliance with the re
quest OF the presidents of said banks"
EXHIBIT B.
Exhibit is as follows: The treas
urer swears that he would have granted
like request from any other state depos
tory which he regarded as safe for the
amount Of each deposit. and that in max
ing such deposits direct from the treas
ury he acted under authority of the writ
ten opinion of the Hon. VIM A. Little
attorney general dated Sept II, 1891
which will be found in pages 81 to 80 o
the attorney generals report for the veal
opinion as to the true construction of the
law on this point, they would condemn tn,
policy of such large accumulation!
of the states money in the repositories
though 1t appears that the treasurer
acted under the written opinion of the
attorney general and has not beer
prompted by any corrupt motives in hi
conduct"
The committee found that one of tn,
state repositories is a national bank ant
lnasmuch as the federal government
would have prior lien thinks that some
thing ought TO be done about it,
On the dispute between a former com.
mittee and the state treasurer about in
formation furnished by the latter. the
committee says: From an inyes tigatioI
we IND that the treasurer was mistaken
IN his statement TO the former Joint com
mittee that the present ina bility to pa,
the public school teachers quarterl'
arises from using part of the schoo
fund in February in the paw
ment Of soldiers and widows pen
slons, when the money to pay SAT-
pension was not paid into the treasur
until December thereafter, but that thi
mistake arose from the dates upon tn
warrants drawn on him by the governo
on ME IN his Office, said warrants showin
on their face that they were drawn in tn
years ls!2 and 1898 for the pensions o
said years. when, in fact. they were t.
pay pensions for which taxes were col
Iected in 1891 and 1885,"
QUARTERLY PAYMENT OF TEACHERS.
Concluding on the proposition to pa
teachers quarterly the report is as fol
lows
we herewith submit as part of thi
report estimates furnished us by the stat
treasurer, marked exhibit C. shown
Tue estimated resources and expenditure
o. Ihe state from which we report tina
the public school teachers can he maid .
per cent. on April /, - per cent. on July
. per cent Oct. j. ana % per cent. on Jan
Of each year. but that the safer pla
would be 10 pay tine teachers % per cent
on july j, - per cent. on Oct 1. and 5
per cent on Jan. of each year and thi
or increase of taxation bv IN
use Of funds other than the schoC
fund, not coming into the treasury a