The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-11-17

nine years last past, more than twelve
millions of dollars have been collected and
paid over to the state treasurer by the
banks of Topeka, without the loss of a
cent, and without cost of a cent to the
state of Kansas; whereas under the old
sis, 1910.
It does not require the wisdom of a
hnancier to tell which is the better law.
Allow me to call attention to the present
Chapter Al, Laws of 1891, provides that the
county treasurer shall forward to the
and ''such payment or remittance may be
made in legal currency. by express, at
the expense of the state, by mail at
the risk OF such county treasurer in post
office money orders, express money or
cerJlhcateS OF deposits, or drafts on
banks; and the collection of certificates Of
deposit, checks and drafts shall in all
cases be at the risk of the county treas
urer renting the same.
The treasurer of state, by and with the
ADVICE ana approval OF the executive
council, may designate one or more banks
in the city of Topeka a depository for
certificates of deposit as may come into
his hands on account of any claim due
the state. Each bank so designated
such depository shall be required to give
security to the state, to be approved by
the executive council, for the prompt col
lection of all drafts, checks and certin-
Gates of deposit that may be delivered TO
for collection. and also for the safe-keep-
ing and prompt payment on the state
treasurer's order, of the proceeds of all
all drafts that may be issued to the SAID
treasury by such depository.
The state treasurer on receipt of any
draft check or certificate Of deposit on
account of state dues, may place the
same in such depository for collection:
and it shall be the duty of such depository
to collect the same without delay, receiv-
as may be agreed upon by the state treas
urer and such depository, not in excess Of
and notify said treasurer when collected.
On receipt of such notice the state treas
EdI1
treasurer entitled thereto, as now re-
quired by law"
The foregoing is the law as it now
stands upon the statute book. In pursu-
ance of that law, speaking for the Cen
tral National bank, it gave the bond as
therein provided The state treasurer de-
posted perhaps $300,000.0O per annum or
more, in the bank, and it collected the
drafts and paid over as demanded. In
the last year and ten months 1t has col
lected fully half million CELLARS, and did
be agreed upon" as the law requires
but collected it for nothin- No fee
charged nor none collected.
Because of the so-called investigation,
the legislature may take some action this
winter as to deposit of state funds IT
can return to the old system, costing the
state twelve to fifteen thousand dollars
per annum, for the benefit OF county
treasurers, and locking up half million
dollars of the currency of the state; or
1t may enlarge the territory in which de-
clude to leave unused deposits in banks
on a reasonable time. and collect interest
and allow the present law to stand
Do not get scared if your heart troubles
you Most likely you suffer from indiges-
ton. KOdol Dyspepsia Cure digests what
perfect rest II IS the only preparation
known that completely digests ali classes
after everything else has failed. It may
be taken in all conditions and cannot help
but do you good At al drug stores