The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1895-11-13
PLAN OF TREASURER CARMICHAEL.
How He Proposes to Keep the City
Money
Until Vault and Safes are Furnish ed
He VIII Keep the Money in Bank
Vault subject to His Order.

City Treasurer-e D. w. Carmichael
has written to the Record-U MON letter
on the question of the care of the money
OF the city. He says:
SACRAMENT TO, November 18th.
Eds. Record Union: Referring to the
interview between your representative
and myself, reported in this morning
issue of your paper, in reference to my
proposed action as 10 the place of deposit
of the moneys of this city during my in
cum benoy OF the office of City Treasurer,
permit me to say that since then l have
carefully considered said matter in the
| light OF the laws OF this State and the re-
quirements of the charter of this city in
that regard.
Preliminarily. perhaps, it may not be
out OF place for me TO state that it is my
intention to discharge the duties of the
office OF City Treasurer OF this city as
may berequlred by said laws and charter,
and as may enable me to safely protect
and care for the moneys of those who
have elected me to fill the position men
! toned.
At the time Of the adoption of the pres
ent charter of this city n o place was pro-
vided by the city for the safe-keepiDg
and custody of its moneys. and then and
for many years prior thereto 1t had been,
and, may add, at the present time is the
custom OF those occupying the position
Of City Treasurer OF this city, to select
such place for the custody of said moneys
as would safely preserve them and at the
same time have them SO that they mig ht
| be disbursed and paid out upon proper
Vouchers as directed by law. Section A.
of the present charter expressly recog
niZes and sanctions this custom. Said
section provides:
at shall be the duty of the City Treas
| tn "a
shall come 10 the city by taxation or
otherwise. . Whenever the city
shall provide proper vault and safes for
the keeping of the city money, the Treas
urer shall keep said moneys in said
vault, and he shall not thereafter, under
any circumstances, deposit with any per-
son, corporation, or bank. auy of The
moneys OF the city, or allow the same
! Except In payment OF demands against
the city to pass out of his custody"
AS the city has not yet provided a
! proper vault and salesn for the Keeping
OF the city moneys, aud following the
custom observed by my predecessors in
! Office, L have. since my election, carefully
Investigated the question OF q place to
| safely Keep SAID moneys with the two
fold object in view OF safely keeping the
same during my term OF Office, and pro-
! tecting myself and ny bon0smen from
| liability for failure to account for said
moneys when required by law so 10 do.
The result of my investigation Is that the
vaults of the California state Bank of
this city are. in my opinion, the safest
! place in this city for the deposit and safe
! keeping OF said moneys, and until the
city has, as directed by Section ~ of its
charter, provided "a proper vault and
safes for the keeping OF the city moneys"
it is my intention to keep the city moneys
coming into my custody in the discharge
of my official duties on deposit in said
vaults, sub iect at all times 10 my super
vision and control.
Whenever the city has provided "a
proper vault and safes Tor the keeping OF
the city moneys" l shall cheerfully and
willingly comply with the requirements
OF Section az of the charter, and l ''shall
| not thereafter, under any circumstances,
deposit with any person, corporation or
bank, any OF the moneys OF the city, or
allow the same Except in payment of de-
mands against the city to pass out of my
| (his) custody"
1t may be we'll TO add that l am re-
quired to furnish q bond in the sum of
Sl25,OOO, with bondamen qualifying in
dou bic that amount, conditioned to pre-
serve and safely keep the city moneys,
and that in the event any OF said
moneys are lost or stolen, both myself
and my bondsmen are liable therefor.
VI ING W select d place LOT Lne CUSTODY
OF said moneys that would not safely pre-
serve them would be unfair to the inter-
ests OF this city, as it would be disastrous
10 myself snd my bondsmen.
The confidence which the people of this
city have reposed in me by selecting me
to the Office mentioned, necessitstes, in
my opinion, the course mentioned above.
and during my term of office it Is my in
tention to be the Treasurer of this city
n n nd
responsibilities OF said position and with
the endeavor on my part to discharge the
same fearlessly and without favor.
ID. w. CA RMIEH Ell.