The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1897-10-28
REPUBLICAN
PINANCIERDNG.
Good Housekeeping Of the
Grand Old Party.
HANDLED MILLIONS.
NEVER LOST A CENT.
The Whole Nation Might Be En-
plored and Such a Record
Not Be Found.

reference TO the management OF the
state treasury and auditor generals
department that IL is due the public
a complete statement should be made
showing how the business Ia conducted
and what the records OF these depart
ments have been. During the last ses-
ss,on ~ the legislature joint commit
ses Of the senate and house was sp-
pointed for the purpose OF investigating
she departments above named, and
rnaking such report to the legislature
as their findings would Justify. The
committee consisted OF three senators
and seven members OF the house, repre-
-~entinc both political parties. IL made
q thorngh investigation OF both de-
partmenis and made its report to the
,cglslssure on March %, 1897. The COM
snitjec called before II large number
of witnesses and made searching eN-
summation Of the state officials con-
nected with the departments in Ques-
tSon- The report OF the investigating
committee. together with the testimony
producsi and sfiidavits taken, will be
tonnd in The Legislative Record OF the
session 4 1897, beginning on page S6S,
For the benefit OF those interested IN
knowing how the accounting officers
OF the commonwealth conduct its
business the following report OF the
committce is given in full. This report
made by officers sworn to perform their
duty, and based upon testimony taken
under oath is full and complete
answer to the malicious and unwar-
ranted charges that have been and are
being MADE by evil disposed persons
against orr fiscal officers and their
manner OF conducting the business Of
shp commonwealth,
Every voter should read the follow
fnK report:
REPORT OF INVESTIGATING COM
MITTEE.
Mir Snyder: MI President, ! desire
20 make a report of the committee ap-
pointed to investigate the treasurer
and auditor generals departments, and
ASK that the same be read
To the senate and house of repre-
saentatives of the commonwealth OF
Pennsylvania: The undersigned COM
rnittee appointed under concurrent
resolution passed by the Legislature and
approved Feb. 9, 1897, to investigate
y
and auditor generals departments, re-
xpectfully report as follows:
TREASURY DEPARTMENT,
From the testimony produced before
rhe committee the following facts clear
~ appear In reference 10 the manage
r-sent of the state treasury:
BOND GIVEN BY TREASURER AND
HIS DISCRETION IN DEPOSIT
ING STATE FUNDS.
First-The present state treasurer
Vsas inducteo into Office the first Mon
.aaS OF May a. D. 1896. after having
Med q bond with sureties approved
by the governor, In the sum Of $500, 600,
cxmditioned for the faithful perform
znns of his duties as state treasurer
xnu a proper accounting for the reve-
rue received by him during his official
Term, The committee. through its
chairman made a careful examination
of the bond filed by the state treasurer
EMO found the sureties abundantly
roOG We are therefore OF the opinion
rns1; Tn state If amply protected TO the
1nl. amount OF the bond.
gSecund-Your- committee further re-
pc7'ts thai under the present law the
uEAte TREASURER and his bonusmen are
individually responsible 10 the com
Honwealth for any loss that may occur
by reason OF the failure OF any bank
tnr institution where state moneys are
arpositeG
The system that has grown W under
oNr statute makes the state treasurer
On, custodian OF all state funds and
rrquires MIN 70 account for every dol
kzJ OF money received by him in his
Cificial capacity.
Gie has unlimited power In the mat
t<r OF selecting repositories In which
&c piaue state funds. There rs nothing
IN the aau that requires him TO deposit
rruney In any particular bank or bank
.Hg institution. AL this Is left to his
discretion and business judgment. II
bzas been the custom OF state treas
urers. however 10 protect themselves
by nsquiring each bank or banking In
stttutIEn receiving a deposit OF state
rnOrey 70 give bond in double the
Rmnunt OF the deposit. conditioned for
<a,t prompt payment OF the same, when
called upon by them. These bonds are
executed by the proper officers OF the
t-dIlh, am art also guaranteed Dy the
directors and others interested as in
dSviduals. This system gives the state
treasurer double security-first, that OF
tD. bank itself, and next, the personal
endorsement OF the individuals con-
ns.cteb with the institution. The com
xnanGee Through itB chairman, made an
sxarni ma tion OF the BONDS held by the
Ezz1e treasurer for security for the
xnoney deposited In the various bank
ing Institutions OF the state, and is Of
Sse spinion that they are properly exc
Sxirsd anG that the principal and the
snreties are sufficient to fully protect
ska. ,state treasurer.
Thirr.-The law permits the state
txeasurer 10 pay out money only on
warrants OF an officer authorized to
sszaw the same There is only one ex-
ss.ption TO this general rule, and that
IN the payroll OF the various depart
szents of the state government. The
K.a.yroll Of each department is made up
rassnthly, is certified by the head Of
tise department. and Is authority upon
<nich the state treasurer pays the sal
ssrJ of the clerks and employees general
Nv Most OF the warrants are drawn by
hut ri