Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1893-02-24
MCFETRIDCE'S BILL.
Friends Of the Fx-IreaSurel.
Meet and Frame a Strong
Measure
Proposition to Have the Interest
Figured at 3 Per Cent
Endorsed.
Declare it d Sound Business
Transactions Other
Provisions.


Treasurer h. G. Mcteu1dge's friends III
Milwaukee yesterday, and the bill which
will be introduced into the legislature
eSardlnS the Judgment against him III
reasury cases was practically decided
lpon. The proposition to have the i'll
crest figured at per cent. Is endorsed
~ large number of the most prouni-
nent democrats OF the state They de-
laro sucn il settlement is not a COM
promise, but is sound business trans
,ciion just like those which are being
made daily i'll the business world The
bIl, Which it is said many democratic
members OF the legislature are prepared
support, will prove highly interest
ns 10 the public, who now have an OPP
portunlty to study 1t and determine
whether it contains weak parts An
important fact is brought out in sec
ION 3, Which provides that the eX-
reasurerS will have only twenty days
act under il.
Following are the principal features
the bill:
Any past state treasurer OF the state
II other compensation from banks,
banking associations or firms upon or
account of deposits of any funds
t the state, or the SuretIeS upon the
tiCial bond or bonds of such treasurer
nay settle and discharge tneir obliS;l
ions TO the state tor the moneys 50
ecei'ed, by tie payment to the state
rtAl nf
y such past state treasurer, together
With interest computed at the rate OF
per cent. per annum from the date
t the retirement OF such former treas
luer from the office, upon the amounts
SO received, in nstallmentS, as follows:
One-f0urth of the amounts 50 recelv
q with the interest thereon us afore-
aid, within three months; one-fourth
With interest as aforesaid, within six
one-fourth, with interest rs
fOreSaid, within nine months; and one
ourth with interest us aforesaid with
twelve months from the date Of the
passage and publication OF lnlS act;
provided, however, that 1t such treas
urer and his Sureties shall fail to nay
thereon as aforesaid, at or before the
line when the same shall fail due rs
above provided, he and they snail for:
felt the privilege hereby granted, and
may ne required to pay interest at the
rate OF Z per cent per annum upon the
lnStallmentS remaining unpaid at the
time of such default; and further pro-
~ hlS
ties shall within the time above limited
for the payment of said first INSTALL
ment, pay to the attorney general, for
the use of the state, the taxed costs
II the action or actions which may have
been brought in the name OF the state
against such former treasurer and his
Ureties for the recovery of such in
crest SO received.
Whenever full payment shall have
,ecn made by any past state treasurer
nd his SuretieS, or either OF any of
hem, Of the amounts and interest at 3
CT cent per annum, required by this
ct to be paid for the settlement and
iScharge OF such treasurer and his
ureueS upon his official bond OF bonds
he terms and provisions OF this act,
shall be the duty of the state treas
Ter and Encouragement to execute
nd deliver to such past state treas
rer and Lis sureties, proper instru-
1ents acknowledging such payment in
I'LL and discharging such payment in
I'LL and discharging such past state
reaaurer and his sureties from all furth-
obligations and liability to the state
pom the official bond or bonds of such
treasurer.
Any past state treasurer or his sure
les who may desire to secure the beno-
is of this act by complying with its
royisions, must within twenty days
fter its passage and pubIica ton, either
ersonally or by his or their attorney
eneral notice in writing OF his or their
sscnt to the terms and provisions of
his act and of their intention to comply
herewith