The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-12-31
4 MILLION IN CASH
THIS AMOUNT, IN ROUND FIGURES,
IN STATE VAULTS OF INDIANA
Treasurer Calls Bondsmen Supplied
sG6,00O Saturday, and the Total
Amount Was Then Counted.

1t became known yesterday that the
money in the State vaults was counted Sat
urday afternoon by Adoph Seidensticker
and Frederick Bachmann. two of the
bondsnen of State Treasurer Gall, and
that they were assisted by ID. +. Allen. OF
Frankfort. The total amount was about ST.
100000. This was made necessary in order to
satisfy the bondsmen that all the money
that Treasurer Gall claimed was there was
actually on hand. A week or two ago a
rumor reached some of the leading bonds
men, of whom there were twenty-four,
previous to the death Of two Of them, that
Mr.. Calls losses, owing to the bank fail
ure, would embarrass him in his settle
ments. Eight of them came together for
the purpose of considering the matter.
and Mr.. Seidensticker and Mr.. Bachmann
were appointed to go to Mr.. Gall and ask
for a statement He then told them that
1t would require $4,000 to enable him to
turn over the finances of the State proper
ly to his successor, and he made the propo-
sition to them that if they would supply
the deficiency he would make TO them a
deed of trust u all his property. This was
accepted, and the SOC, 600 was taken to the
vaults Saturday by Mr.. Bachmann. Then
the condition of the treasury just Mr..
Gall had stated. These eight bondsmen
are the principal moneyed men among the
OF deficit would have the bulk OF II to
supply They are represented by Mr.
tees.
1t has been the intention of the Auditor
of State to pay 100000 of the State debt on
Jan. l, and for this purpose there Is 100000
on deposit in a New York bank and anoth-
er 100000 is now en- route there. A reporter
asked Deputy Treasurer Shoemaker last
night for statement of the amount of
money on hand, and the latter said:
II do not recall the exact figures after
innate would be that there is s1,1oO.o00 in
the vaults at this time. Marion county
paid in 100000 yesterday. and other coun-
ties paid in large sums Everything Is IN
such shape that IL the successor OF Mr..
Gall were to take his Office tomorrow
every cent could be paid lover to him IN
cash or in drafts worth their face. There
is not the least doubt of that
The presence of so much money led to
an inquiry as to Its safety In the State
house vaults. Mr.. Shoemake said that no
one could enter the vaults until the time
locks permit the doors to be opened. There
burglar would have to drill through, and
this could not be done under fifteen hours
time. Each door has a combination lock
When money is carried to or from the
vaults q policeman accompanies the mes
senger. The full capacity of the safe has
been required to accommodate the large
There has beer difficulty in securing pa
per money from the local banks, and the
vaults are stacked with more or less of
coin. Paper money has been especially
owing to the saving in expressage. but it
has been hard to obtain. One of the banks
has shipped 100000 Of currency In the last
week, and In order to keep up their supply
New York, Chicago or Cincinnati. but, of
course, will forward them for collection.