Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1898-11-03


able to him or to anybody representing
him or acting as his agent or in any
way in his favor or behalf in payment
OF interest on the public funds OF the
people of South Dakota, on deposit IN
your institution"
To this question I answer, No, Sir.
Third. Have you made him any pay
n,ents OF mony or given him any valu-
able consideration or profit of any
character whatever in consequence Of
the fact that he has favored your insti-
triton with deposits Of public monIy2'
To this question answer also. NO.
Sir.
To the remaining paragraphs OF your
letter this reply Is made:
The officers OF this bank know what
its duty is, under the law, in the prem
Uses.
1t has observed the requirements OF
the law to the letter by reporting 10
you at the close of each month. In de-
tail, the deposits made by the state
treasurer. and TIE ~nayrent made up-
on his Official checks together with the
balance remaining at his credit at the
close OF business on the last business
dav of eech month; all of which has
been certified under oath by a prorer
ofF.nr of the hank. There statements
bave contained a record of every tran
ssction he'd with tfc sia'e treasurer
since be orened an account with the
bank, except as hereinafier stated.
There is a covert insinuation in your
letter. both in the direct questions rro-
pounded ard IN the closing paragraphs,
yelled under official language. and I'M
dor The assumption OF authority which
does not attach 10 vNrr of6oe. that this
bank has not rendered to you as v
error. tire fun and correct statements
of the transarsionS If tie state treas
uror With Il. ard 'hat II has construed
with him Nv methods suggested bv Won.
10 dnfra-d tho s'a'e out OF rnoney that
was Justly due 10 it,
desire To res~ectfpllv inform your
T~cc,lercv that vour suspicious are en-
tire'v rrfonnSed.
This han, never solicited di~"ctly. or
indirectly. the 1eposit IF ore dollar Of
the state funds. Whatever public
rrnnev has been denosi.ed with II nv
tfo s.ate trrasrrer was his purely vol
untprv art without the hove or the
prcr~ica Of reward IN anv form.
TIE state treasurer has never re-
crcetcd. ror even sr~ocstrd directly or
Indirectly the ravment NJ intere~, on
TIE states halances. r'ueh less there
fe-e hos he been paid interest on such
b~p1orceS.
THO ONLY transactions which this
barr had with thn state treasurer 9TH
er thar those contained in the '~onthlv
trarecrints Of his account heretofore
fpr~'ehed Won. were TIN following:
Whom in Januprv. 1895. the state
t,n"-lrv wps hartrupt and tie states
cre1it was DESTROYED ord when the al,
Si.nr's w~errants. iee~ed tn it's l~egisla-
to~s and other while ~crndito~e. could
not re raid. and wc~e discreditrd in
the rnarrote. ri tho reorcst OF the staia
bank cave 10 It's relief ard advanced
ssn rna 70 c~ahie the stptc TO r1ne' It's
crr~o-t ohligotions. Later II advar"ca
s2I. sn0 for .he sa-rn purnoce. Stpl
later II ad~anccd 81 o 10 assist IN the
pav-art NJ the ~evre1~ps cn"nnntsd
with the r~ohiii7a.icn Of the South IA
Iofa c~ontinrent OF trno~s. who volrn
tco-ed urder no PRESIDENTS calI after
TIE declaration of war with Srnin.
vc~r ~rrre'rt and that o I the state
t-eoeurer for this la9t aroount the
hant still holds. Thesn with the re-
ppvr-rf of the Fret ra~cd two o-~n"nts
with interest. end the trsne"c'ions EN-
hracrd in the banks MONTHLY reports
co~stitu'e ell TIE transactions had
with thn stare treasurer.
VI ruhl'c men ard in this
stpte have rersister'lv chargnd that
cur rrneent state treasurer. Kirk q,
pb'1'rs. hoe b~er receivir0 in.errS1 mn
ironthiv halances or on tire ~dencsifs
M ronev bcnt in this institution nv
bi-,. in the lioht nf the information
which 7 hove oiven Won Rev onoht inst
as r~nrsietentlv to %re'ract such nm
warranted CHARGES. made I'm entire ig-
rorance ~ the facts. But this is no. TO
Re e~rerted. There Is. ] fear. too mucn
~rcIitics IN ~. waiter. Trderd The ori-
rus of the inquiry made nv o at this
tire ia too ra'nable. On the eye OF an
election 81 which ycu~eclt ard the
state ~treasuror are candidates for the
same hiph ofics, of the rroprietv and
ecod Taste of the inquiry ! leave others
10 ipdpe.
Tbis ratrg n ruhf'c ard not a nrivate
ratter J nurpoee giving vour lo'ter ami
this replv to TIE prcss for nrhlica'ion
SO that the rphIic mav he inforr ed OF
the facts and that the "nuhlic ruen and
OF TIE sfate" nav have an
oprortunitv to rotract q gross SANDER
so igrorantlv made.
In doing this ] DO not think am vio-
)atirg anv confidence. Your ie''e- is
on oHcial ore on a mattcr of ruhlic in
terest, and therefore in nv oninion the
public is entitled to the benefit of the
corresrondence. Trusting that I have
answered fully the ro'nts of your in.
quirv. 1 have the honor to be. Your
otedient servant.
ID. A. Mcpherson.
Cashier.