Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1895-01-18
NOT so BAD AFTER ALL.
The State Will Make a Great Effort to
Meet all Obligations.
PHILLIPS FEELS CONFIDENT
Taylor still AIT Large, but 1t is Thought
Will Turn Up If Immunity is
Offered.


From Saturdays Edition.
The following special dispatch to the
Omaha Bee is the latest news from
Pierre in regard to the defaulting
treasurer and the condition of the
treasury which will be of interest to
our readers:
"The state officials are wearing a
more cheerful appearance than they
have done for several days. They have
devised plan for Strengthening out
the finances, despite the great loss from
Taylor's defalcation, and now will have
clear sailing. The revenue committee
will report a bill empowering the treas
urer to float funding warrants in an
ticipation 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 de-
ficiency tax sufficient to wipe out the
deficit.
Within the past two days more than
$4,000 have been received from the
counties in reply to the emergency de-
mand made on Wednesday by the state
auditor for all taxes now in the county
treasurer's hands, and the amount will
probably double within the next week.
This will be enough to cover the state
expenses for u month, or until the
treasurer floats the funding warrants.
The appropriation committee has ap-
pointed subcommittee to take action
in reference to the state educational
institutions. This committee will re-
port tomorrow and will advise that the
state university at Vermillion, the
school of mines at Rapid City and the
normal school at Spearfish be closed.
The revenue committee will also in
troduce bill levying special taxes on
certain classes of personal property,
which now escapes, and will probably
impose certain licenses.
WILL PAY ALL INTEREST.
The state treasurer authorizes the
statement that all warrants will be
paid, that the report that the state
would default on any of it's obligations.
even for "a short time, is absurd, and
that he has enough money in sight to
take care of all the states needs. 1t is
certain, however, that the appropria-
<;ouS will Ia vraatlv cnt
The state officials are daily receiv-
ing kilograms from various parts of the
country, describing suspects held as
probably being Taylor, the defaulting
state treasurer. They have not, how
ever, found any of them who seem to
be the right man. The theory general
fly entertained is that he is concealed
and is awaiting the proper opportunity
to have his agent at Pierre make the
state a compromise, granting him i'm
munity. The officials have traced him
to very near his probable place of hid
ing, and they have satisfied themselves
of the personality of the principal COIL
spirators.
G. II. Deland, partner of Attorney
General Crawford, returned from his
trip over the state, during which he at
tached a large amount of property. He
found that Taylor had. in name of the
Northwest mortgage company. of which
he is president. given a mortgage for
$4,000 on land in Beadle county to
Benedict. and Benedict had transferred
his mortgage to c. II. Wells of Chicago
He had done the same with $1,000
worth in Sphinx county and $4,000
worth i'll Potter. All these mortgages
were made on December 81 and filed
ON January s. Taylor executed them
in Chicago, and of course could not
affix the seal. 1t is also believed that
no consideration passed, and the state
has attached them all and will contest
them on the ground of fraud. The
state has also attached all of Taylor's
interests in the Redtield bank, the Get.
tysburg bank and in some fifty quarter
sections of land in various counties
J Deland also placed attachments on the
bank stock and real estate of Morris
Labrie, the New York broker, in Aber.
deem. These parties are on Taylor's
bond. Altogether the property at.
4 tached will probably produce $4,000
Postponed.
On account of sickness and other
matters, the ladies of the w. r. G. have
decided to postpone indefinitely the
entertainment and supper that was to