The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-07-23

The King county authorities are some
"haI puzzled to account for the fact that
sein1tiances from State Treasurer Young,
on account OF the spportionment Of school
FUNDS BY the various districts, are now
nearly four months behind Under the
law u Is made the duty OF the state treas.
urer 10 make an apportionment of school
FUNDS every quarter. The apporeicnment
icr King county. due December 81 last.
was received here by County Treasurer
Whittiesey April 3, nearly four months
late
The rerIttances due April 30 and June
81 nave not yet been received, although
the county treasurers have paid up for
the second quarter and funds are now
available from the tax receipts UP TO
July J. The aprortionmens for the first
quarter WAS made only yesterday
This is the way the matter appears to
the county authorities. The state treas
urer receives the remtttances from coun-
~ trsasurers promptly at the end of the
quarter. After keeping the money on &C.
post for three months. he RENTS for thu
quarter previous. while the various dis
triets are paying interest at u. per cent.
on thousands OF dollars OF outstanding
warrants.
For example. on March 81. for the first
quarter of the year, County Treasurer
Whittlesey sent TO the state treasurer at
Olympia sisiii3. being the amount COL
lected 10 April / on account of the cur
rent school fund. At present he has in
his Office $43. sos. 8 collected for the school
fund up 10 July /. and now only waiting
the call OF the state treasurer to be sent
to Olympia. The amount of school war
rants now outstanding in this county Is
about Sl23on. IL the county had the
money now owing II by the state. IL could
call in nearly. If rot quite. half OF these
warrants, thus saving interest on them
which the taxpayers have to pay TO war
rant brokers.
An examination of the first two reports
of State Treasurer Young. dated March
81 and June 80 shows that the cash on
hand in the state general school fund has
grown from 81. Hat the first date To
$1i0. s4265 on July l. AS the atate treas
urer made an apportionment to the school
districts April Is. probably amounting To
nearly the fun sum on hand March 81, it
is evident that the s11o, 542.6a has accumu-
lated in his hands during April, May and
June.
In the meantime the various county
treasurers have gathered In large amounts
of funds now waiting the requisition of
the state treasurer. This accumulation
of money Is allowed TO remain idle in
bank, while the taxpayers pay large sums
in interest on outstanding school war
rants
The state treasurer seems either I'M
willing or unable to comply with the act
of the legislature passed early in the last
session, instrCcting him to invest all
moneys coming into his hands. belonging
- the tide land fund, In general fund
ssyarrants of the state. On March 81 there
was si3S.si7.S1 in the tide land fund, ac-
cortiing to State Treasurer Young's re-
port for the first quarter. On June 80
this amount had been increased to $lil,-
067. 81. although there had been disburse-
ments amounting TO s5,s1e.l2 during the
second quarter. The state issues about
$50 90 in general fund warrants every
month, and if Mr.. Young had purchased
the warrants for any three months he
would now have but a small amount on
hand in the tide land fund.
Another unusual matter brought 10 light
in the administration of the states affairs