The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1895-01-15
\ SCHEME FOR RELIEF.
Plan Devised By the south Dakota On
Gals 70 straightsn Out the Finances
Of South Dakota-Ths Taylor
aDefalcation.

RERRE, Jan. IA: The house and
senate today met in joint executive 9 .
sion and Attorney General Crawford
asked for authority and the ear to
proceed against the bondsmen OF w. w.
Taylor who are residents in other states.
He notified the session Of receipt Of q
telegram stating that the name ofW. w.
Taylor appeared on the passenger list OF
tbs steamer Persia which left New York
several days ago.
The statement tha: Taylor lost from
$4,000 to 100000 in the Gettysburg
bank IL said to be all chat. Residents
or that city Say it could not have been
more than $1,000. The state has sue
ceeded in levying upon $4,000 worth Of
lands and personal property OF Taylor
and his bondsmen. The meeting or his
Eondsmen in Chicago has been fruitful
OF nothing so far as heard from.
PIERRE. o. d., Jan. Estate Off
cials have devised q plan for straight
ening oat~ths finances OF South Da-
kota. despite the great loss from Tay-
lor's defalcation, and now will have
clear sailing. The revenue committee
will report a bill empowering the
treasurer to float funding warrants In
anticipation of the expected tax re-
turns, which amount to &400. 900. The
state win realize from this enough 20
run the different departments until
August, when the state equalization
board~will be instructed TO levy d def
cheney tax sufficient to wipe ont the
deficit. Within the past two days
more than $40. 900 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 viii be enough TO
cover state expenses for q month. or
until the treasurer floats the funding
warrants.
CHICAGO, Jan. IA secret confer.
ence OF the bondsmen of WV. Taylor,
the defaulting treasurer OF South Da-
kota. was held here. Ex-Governor A.
q. Mellette of South Dakota, j. If.
| McChesney OF New York. William
Taylor of Lafayette, Ind, and G. II,
yinton aud G. r. Howard Of Redfeld,
6 D., were in the city. the two former
being registered at the Great Northern
hotel. The conference OF the bonds.
men was Q mysterious one. II was
rnmored that Taylor was TO meet his
bonslsmen, but this was emphatically
denied. AL interested parties made
every effort to escape newspaper report
ers and protested dense ignorance re-
garding the proposed meeting.
CHICAGO, Jan. l5.-Ex-G Governor Ar
thur G. MeIlette has come down from
South Dakota ON the supposition thai
the defaulfing state treasurer. w W
Taylor, may be I'm Chicago and anxious
TO make. a settlement. He is interested
to the extent Of q $50. 900 bond in tht
location Of Mr.. Taylor and to start &C
tion In the matter he called . meeting
Of the men who had guaranteed thu
treasurer honesty. j. T. McChesneJ
of New York, who was an equal in
dorser with The ex-governor, was TIN
first TO arrive and several days viii b
spent in o conference over ways ant
means and an examination into thu
exact condition Of affairs.
Think Taylor Would Compromlse.
The men from the North now esti
mate the shortage-at $37O. 900 which /
&2O, 600 more than the bond. Ii IL tn
opinion i'm Huron and Pierre that Tay
lor will produce 5000, 600 as soon as b
is found, and q willingness to do thi
and remove the embarrassment OF th,
present treasurer would probably 90
cure much len iency as TO the remaining
&l7O, 900. There are IL men on tn
Taylor bond most of whom have beef
asked to the conference.
..It il q question now" said Mr
Mellette, whether Mr.. Taylor is II
this country or Europe. There Is
Much DRsersion Of Opinions
but / am of the opinion he II here ant
may try to make q settlement. H
disposed OF his Evanston and Chicag,
real estate before he dropped from no
tice. This Ii taken both I'D i sign tina
he wanted NIL the ready money possibl
Tor his travels and that he was gettin,
his collaterals into cash for d possibl
settlement. There ii nj vet no plan d
action, but the indications IRE that
settlement is most desired. The stat
needs money at once
A A$#&&