Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1895-01-10
NEWS
Treasurer can
not be Found and
$2OO,OOO is
Missing.

Ary.1Sns y. Dsb S"os wAsVsS
city ia torn w over tie d~efalcation OF
ex-Tr~asurer w. w. Ia. Tor. State
officers are paralyzed and no one kno"s
either the amount Of the default Or the
method Of %extricating the state.
Under the statute Taylor should have
turned over the cash to his successor
yesterday, but on Saturday he wired
from New York that he would not get
here before late last night! When tho
train arrive d ut 2 q. m. he was not
aboard and his boudsmen and personal
friends became convinced that their
suspicious were correct ana that be
hsd defaulted. 1t Is utterly impossi.
BILE to tell anything about tho amount.
All tfate funds are deposited to the
credit Of w. w. Taylor individually at
Redfteld. There are no records to show
where the money is dAr6>ited.
Taylor should have had Oh hand
s346 .OOO. he set aside $4,000 Q to pay
funding warrants which were due in
New York on Saturday. Whether he
raid them or not IL unknown.
Public Examiner Myers found all
Thy lor's accounts correct in April last,
but III mas made no examination since.
MI. Myers has for Thirty days becn
somewhat suspicious aid he tried 10
get = list OF depository banks but hGs
been put on ON one pretext or another.
Three weeks ago Taylor went to
New York and II Is understood that he
has been trying 10 raiae money tocover
the shortage from friends there. His
father is very wealthy and his connec-
lions are 60 powerful that it is . SUR
prise he could not fx the matter up.
Taylor. sr.. is 0 CT his way here a.
Is also Ex-Governor Meliette, who we're
the chief bondsmen. Other bondsmen
are Speaker Howard and BIB Mccoy
OF Aberdeen. The total bond <as 1885,.
0c0 and Examiner NJ, ers expects it to
shrink sornew hat.
PIERRE. S. D., Jan. ct is under.
stood here that ex.State Treasurer
Taylor 10 short s.oO. 900. He 10 in
New York, where he has heen for two
weeks. He is supposed to b trying to
raise money to get out Of the trouble.
His bank al Redneld closed this morn
ing.
Ex-Governor Mellette, Speaker How
ard and others are on his bond.
ABERDEEN, S. D., Jan. 9.-From alb
so'ut-ly reliable it il found
that the d~efalcation Of ex-State Treas
urer ". w. Taylor will fyach quite
s3oO, 600, practically oil the state money
in his hands. except some &c ,00O or
or $50, ono on deposit in various banks.
The wreck is complete.
1t has been known for . year that
MIR. Taylor personally has been in bad
straits, but not one OF his mos: init
mate friends thought his situation
hopeless or even desperate. They
knew he had bsen advancing and in
ves,ing money reckIessls Vt times, yet
they never dreamed the truth.
When the ofi..ials make IN inveSti-
CATION OF the ~treasurer's ofioe they will
b. simply appalled, at the conditi.n Of
affairs. Fortunately 90 far u Aber-
deem is concerned the affair will in no
way effect either Of the local banks.
The books show that no state money
has been on deposit In either the Alb
erd.eu National or First National for
se, eral months, and at 40 time during
the past year has the deposit in either
VI them been considerable vt any one
time.
Walter W. Taylor was born in Iudi-
ANA shout 1855 ind for \ time was ass0s
ciated with bis father, VIM. Taylor ia
The wholesale coil business vt La Fay
etlr, that state. From the time he
was IL years ef aye he had almost eA.
elusive charge OF the business and
demonstrate q . truly wonderful cspsc-
i:y for grssptpg the details and intri-
cAcies ot a very large trade. He came
10 DAB ota Ia 1858 and established the
First National Bank Of RedGeld, 8. D.,
shich he s,on made one Of the leading
financial institutions Of th2t section Il
the county. He iook IN active part
10 politics from the 1rst end was eat:
nest in the struggle for statehood, and
WAS u delegate frUnd Sphinx county "a
the first state convention held In Hu.
! ron in 1889. Al the approval. Of the
con vention Of 1880, held Vt Mitchell,
he entered thS race for state treasure,
and secured the noninA.ion sftsr on<
Of the most spirited sud exciting con
tests I'VE Witnessed In the west. HI
wss re-nominated and reelected for
!. and term, which he complete: III,
LIST day Ut January o. the present ,ear
spsoist<scod barsains.
Ladies' Aa.te Gssh sh0ee a. q
l4Adtet nne ~flold elfppsr III.
Ladies' an4S rs.
(3cntes h0a& lhUee Elm.
Gents winnek Sboeak yalueegs61
1l.75. d Nxg
Fun line or Headers0S
SCHOOL house