The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-01-11
DEPOSIT
Continued from First Pase.)

in memorandum prepared by the super
vising architects office. In that connee-
ton, however. the secretary calls atten-
uon to the allegation that he has Violated
the law by depositing the proceeds in a
bank depository when the act descreed
that the proceeds should be deposited in
the United States treasury Every Unit
ed States depository bank, is, within the
meaning of section 5153 of the revised
statutes, a part of the United States treas
ury. The moneys which may be deposited
in such a bank to the credit of the treas
urer of the United States, they are "in
the treasury" Just as much as if they
were physically on deposit in the treasury
vaults at Washington. The secretary
cites decisions of the supreme court which
establish beyond question the legality OF
his action, The comptroller of the treas
ury, whose decision is binding upon the
executive branch of the government,
holds that money is paid into the treas
ury of the United States by being depos-
ited with the treasurer of the United
States here in Washington. or to his credit
with an assistant treasurer, or a desig-
udiEu uSDOSIlOTg. L HAT mas D6en the
interrupted and universal rule governing
the accounting officers of the government
for many years Letters from officials of
thirty or forty years service in the treas
ury are quoted. showing that money de-
posted in a depository bank is as much
deposited in the treasury of the United
States as when deposited in any sub
treasury
The customs property was sold July g.
1898, to the National City Bank. for $685.
900, which amount was $4,000 larger than
that rendered by the next highest bidder.
August Is certificates of deposit were for
warded to the department. covering 3d.
10000 credit as proceeds of the custom
house property in the general account of
the treasurer with the National City
Bank, a depository bank The treasurer
duly accepted the fund as a deposit in
the treasury" 1t was subject to his juris-
diction and orders. Subsequently. the
National City bank was ordered by the
treasurer to transfer to the sub-treasury
and other national banks repositories
sums aggregating $3,s0o,000.
No rent has been paid to the National
City bank Tor the government occu-
pancy, for the reason that such payment
awaits appropriation by congress.
The correspondence between the depart
ment and the National City bank is
quoted, showing the refusal of the de-
partment TO give the National City bank
its full balance Of 100000 except con-
currently with all other banks in the first
group the balances of the National City
bank and the Hanover National bank be-
ing built up pro rata with all other banks.
washington, Jan. 10.-The secretary of
the treasury closed today the second
group of banks which have deposited
bonds and asked to participate in the
temporary deposits of internal revenue
funds. This group contains seventy-five
banks and represents about slO.0O0,000 in
bonds deposited, making approximately
81, 900 900 in all. The secretary's offer has
been open since December IS and it is not
now expected that any additional banks
VIII be designated. This determination,
however, may be reconsidered if the de-
mand warrants such action.