The Montgomery advertiser., 1902-01-21
COUNTY WILL
 FILE SUIT BondSmen Must Make
 Good Loss. REPORT IS SUBMITTED Expert Examiner Completes His Investigations. Fidelity and Deposit Company Held Responsible For Money De- posted with Bank of
 Josiah Morris 6 Go.

JOSldu nuAI4S " w
 Shit will be filed in the City Court to- day by the County of Montgomery against J. J. Cochran. principal ana the Fidelity and Deposit Company or Mary. land surety for $12o.0oo The report oI I. e. Cowan, who has been examining the books and accounts or treasurer Cochran, was submitted to the 5oaro ol Revenue yesterday morning anu !" .n,5 @ afternoon County Attorney Finley toek inc report to his office and obtained suen data as he needed. He said the suit nad been finally drawn up and would DO niso in the City Court today. On January 1S, Judge Gaston receivea communication from the Board or Revenue requesting him to appoint an examiner to Investigate into the con dition of the county treasurer's DOCKS. He appointed J. G. Cowan, wno oi oa. urday night completed his labors ana s,h,y,ttad the report to the Probate Judge, At the meeting of the Board Of Revenue yesterday the report was read as follows;
 To Hon. John B. Gaston, Probate Judge of Montgomery County:
 In compliance with your instructions l have made an examination or the nooks and accounts of J. J. Cochran, treasurer of Montgomery County, and respect fully submit the following report since January 2e 1901, MT. Cocnran mas . Aep. his account as treasurer With the flrst National Bank of Montgomery All funds are placed upon general deposit to the credit of J. J. Cochran, County Treasurer. I have carefully examined the Tfeasu- rer's book and the entries show that the different funds are properly creoiteu under the head to which they belong as required by law. At the close or eacn month the book shows that the different accounts are footed up and the paiances carried to the succeeding month. A re- mort for each month and the vouchers are filed with the Board of Revenue. l verified the addition and found no errors. The manner of keeping the accounts presents a very creditable and business ike appearance. l find that at the close of business on December 31, the account stood as follows:
 General fund ......... .$22,3SS.6s Fine and forfeiture
 fund. ...'.... v"''"' Costs of prosecuting
 fund .... ........ .... ~'s'oo Bridge and road fund. 7,627.SS
 Excess land sale fund 3.l
 Tota, .sSO,O17.65 S7O2. 20 This statement shows that on January 1, 1902 the county was indebted to the bank in the sum of $2S,Sl5.45
 Piror to January 25 1901 MT. Cochran as treasurer kept his account with the bank ing house of Josiah Morris & Co. On January 25, 1901, this bank suspended pay rnent and the treasurer's book shows that on that day the account stood as fol- lows:
 General fund .......... $aS, 44O.B Fine and forfeiture
 fund ...... ............ Ao'"S Costs of prosecuting . fund .... .....'.$ otf'oo
 Special land sale fund l1.lo IIxcess fax sale fund. 31.55 Bridge and road fund. 1O4,5S2.42 Total .....$ s44.Ss $l4s, ,199. .6s It appears that the costs of prosecut- ing fund had been overdrawn to the amount of $644. .S3. Deducting this amount from the total credit swould leave balance of $147, ,554. 80. due the county. On July l. 1901, a dividend of F 1-2 per cent, amounting to $1S,444.34 was paid by the bank This amount was credited and charged upon the Treasurer's books as follows:
 General fund........ ...... ........$ 5'So6.So Bridges and road fund............ 3,074.05 Excess tax sale fund .......... 3.94 Total ...... ....'.'. .''''..'.'''. .SIo'f14'ot Deducting this sum from the total amount due at the time of the suspension leaves a balance of $129,110.46. still due. With reference to the large amount to the credit of the Bridge and Road Fund. 1 have ascertained from sworn testimony the following facts: The Board of Reve- nue offered for sale s100,OO0 of the county bonds. These bonds were purchased by Josiah Morris & Co.,. at a stipulated price. On January Sth, 1901, check for $111, ,1O9. .5S. the purchase price of the bonds, drawn upon Josiah Morris & Co.,, by themselves, and made payable to John J. Cochran, County Treasurer. was
 iC. A. Allen. clerk of the Board
 nue by John P. Kohn, who was
 eye of Josiah Morris & Co.,, and
 tame time deputy treasurer for
 lran. with full power of attor-
 ct for him. MT. Allen asked
 ceipt for the amount named in
 be bro1ght in lieu of the
 receipt for $111 109 5S. signed by
 ochran. County Treasurer. per
 1ohn. his attorney. was then
 Allen. A copy of this receipt
 xhibit A." is attached to this
 asked to be considered a part
 T. MT. Kohn testifes in re-
 check that he indorsed 1t:
 .hran County Treasurer, by
 m. his attorney" prepared
 covering the amount of the
 was entered upon the books
 to the credit of John J.
 Aty Treasurer" and en-
 ' Treasurer's book to the
 sslge and Road Fund. X
 eek, marked Exhibit E, '
 ud asked to he considered