St. Paul daily globe., 1895-01-14
SCHEME OF RELIEF.
One Is Devised by the State
Officials Of South
Dakota.
FLOAT FUNDING WARRANTS
In Anticipation Of $40O,O0O
Of Expected Tax Re-
turns.
FLOAT FUNDING WARRANTS
BIG RECEIPTS ALREADY
From the Counties by the
AuGttoP--Many Schools
to Be Closed.
speeial to the Globe.

Special to the Globe.
PIERRE. S. D.. Jan. Estate Off
cials have devised plan for straight
enIng out the finances of South Dakota
despite the great loss from TayIOr's de-
falcation, and now will have clear sail
ing. The revenue committee will to-
morrow report bill empowering the
treasurer to float funding warrants i'll
anticipation Of the expected tax returns,
which amount to about 100000, The
state will realize from this enough to
run the different departments until
August, when the state equalization
board will be instructed to levy def
cheney tax sufficient to wipe out the def
icit. Within the past two days more
than $4,000 have been received from
the counties in reply to the emergency
demand made Wednesday by the state
auditor for all taxes now in the county
treasurers' hands. This amount will
probably double within the next week.
This will be enough to
Cover state Expenses
for a month, or until the treasurer
floats the funding warrants. The ap-
preparation committee has appointed a
subcommittee to take action i'll refer
ence to the state educational instltu-
ti0ns. This committee will report to-
morrow, and Will advise that the state
university at Vermiilion. the school of
mines at Rapid City and the normal
school at Spe2rfish be closed. The
revenue committee will introduce a bill
levying special taxes or certain classes
Of personal property which now escape.
and will probably impose certain
licenses. The state treasurer authorizes
the statement that all warrants will be
paid; that the report that the state
would default on any of its obligations,
even for a short time, is absurd, and that
he has enough money in sight to take
care of all the state needs. 1t is certain.
however, that appropriations will be
greatly cut. The exact figures Of Tay-
IOr's shortage, as given out today, are
1867, ,G23 81. but of this amount there has
been located nearly $4,000, Of which
sum $4,000 has been received from a let
ter to Deputy Huntington, which letter
was mailed at New York on the 9th
inst. Members of the legislature say no
proposition has yet been made by lay
lor's bondsmen
Looking 10 IA Compromise.
ic Opap},, folI-ad of
by Legislators and state officials. Ex-
Gov. Mellette made no investigation Of
the matter while in Pierre. and has gone
East. He has no authority to make any
propositions, and is at loss to know
what course to pursue. The conspiracy
phase of the matter is strongly de-
nOunced by some and given credit by
others. but it is not generally believed
that Taylor's bondsmen were cogni Zant
of all the facts, and they are shocked TO
find the shortage so great. The fact that
the state offers only a small reward for
his capture leads many TO believe that
compromise is in the minds of those
most interested. TayIor's father, IN La
fayette. Ind. has not means sufficient to
make good the amount embeZZled by his
son, and is not likely to come TO Pierre.
The opinion is prevalent that plans will
be devised in a few days. if Taylor is
not found. whereby sufficient funds will
be procured for present needs and to
carry on the business of the state until
he is brought back, as it is believed that
he will produce at least $500, 1000 very
soon after his capture. he state
officials are daily receiving kilograms
from various parts of the country
Des cr1bIng Suspects
held as probably being Taylor, the de-
faulting stats treasurer. They have
not, however. found any who seem to be
the right man. The theory generally
entertained is that he is concealed either
in Chicago OF New York, and is await
ing the proper opportunity to have his
agent at Pierre make the state prop
osition for a compromise granting him
immunity. The officials have traced
him to very near his probable place OF
hiding, and they have satisfied them
selves of the personality of the princi-
pal conspirators. Today G. E. Deland,
partner of Attorney General Crawford,
returned from his trip over the state,
during which he attached large
amount of property. He found that
Taylor had, in the name OF the North
western Mortgage company. OF which
he is president. given mortgage for
$4,000 on land III Beadle county to
Benedict and Benedict had transferred
his mortgage to G. 81. Wells. of Chicago.
He had done the same with $4,000
worth in Sphinx county and $4,000 worth
in Potter county. All these mortgages
were made on Dec. 81 and filed on
Jan. 8. Taylor executed them in Chi
seal. 1t is also believed that no con-
sideration was passed for them. The
state has attached them all, and will
contest them on the ground of fraud.
The state has also attached all of Tay-
Ior's interests IN the Redfeld bank, the
Gettysburg bank, and in some fifty
Quarter sections of land in various
counties. Deland also placed attach
ments oil the bank stock and real estate
of Morris 65 Labrie. proprietors of the
Doland bank, and the bank stock and
real estate Of j. 7. McChesney, the New
York broker. in Aberdeen. These par
ties are on Taylor's bonds. Altogether
the property attached will PROBABLY
produce $4,000,