The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-02-03
MUST GIVE IT Up.
Legislature Determined to Stop
Kelly Treasury Graft.
Would Put Depository Law Into
Effect September, 1905.
AGREE UPON MEASURE.
Senate Committee on Banks
Fixes the Terms.
Provides Severe Penalty for
Violation Of Law.
AGREE UPON MEASURE.

banking which was presented to the
senate today with the recommendation
that it be passed, provides that; The
making of profit by the state treasurer
out of any moneys in the state treas
ury, the custody of which the state
treasurer shall be charged with, by
loaning, depositing or otherwise using,
or disposing of the same, in any man
ner whatsoever not provided by this
act, or the removal by the state treas
urer or by his consent of any bonds
deposited by any bank, under the
provisions of this act, out of the
vaults of the treasury or for not re-
turning or disposing of said bonds ac-
cording to law. shall be deemed a
felony and on conviction thereof, sub
Ject him to punishment by imprisOn-
ment in the penitentiary for the term
Of not less than two, or more than
five years, and he shall also be liable
under and upon his official bond, for
all profits realized from such unlawful
using of said funds, and it shall be
the duty of the attorney general to
enter and prosecute to final termina-
ton all suits for a violation of any of
the provisions of this act"
The senate committee on banks and
banking, Senator Fulton chairman,
after lengthy session lasting until
midnight last night completed a state
depository bill which was presented
to the senate at the session this morn
ing with the recommendation of the
committee that it be passed.
Ihere has been strenuous OPP
position on the part of State Treas
urer Kelly and his friends to having
the date for the depository law to go
into effect before May. 1906. Senator
Miller's depository bill, introduced in
the senate some time ago, fixed the
tT1.n 1-xr
May, 1906. The COMMITTEES was
solidly opposed to waiting Is months
Tor the law to take effect The Kelly
interests then attempted to make the
cate January, 1906, but the committee
refused to listen to that and took tae
Dit IN their teeth and set-th date for
next September Immediately after the
July semi annual payment
The senate committee had before it
several depository bills, among them
tne quincy county depository bill and
the Miller state depository bill. The
phi as drafted by the senate commit
tee embodies the Quincy bill as the
first section, which is in part as fol-
lows: - -
Between the 1st and goth days of
January, and the 1st and goth days of
July IN each year, the county treasurer
shall prepare a statement. in duplicate
showing the amount of taxes collected
IN MS county and due the state which
statement shall be duly sworn to be-.
ter oaths, and the county treasurer
shall forward one copy of the same To
tne auditor OF state and the other to
the state treasurer on or before the goth
DAY OF January and July respectively.
In each year. A like statement shall he
prepared and forwarded to the auditor
or state by the county clerk Immediate
ly after the annual settlement of the
county commissioners with the county
treasurer in October of each year. and
said statement by the county clerk shall
show the total state taxes collected the
total amount paid the state treasurer nv
the county treasurer. and the balance
OF state taxes remaining in the county
treasury. The auditor of state shall
compare the amounts specified in such
statements with the total amount of
tax assessed against the county The
auditor of state and the state treasurer
shall between the 18th and goth days 0f
each month prepare an estimate Of the
amount of money necessary to be
drawn from the several counties to
meet the current expenses of the stat 70
for the succeeding month. and SHAH
apportion the total sum among the sew
eral counties in proportion to the faxaS
assessed and collected against them.
Immediately after making such amor
tionment the state treasurer shall draw
MS draft on the county treasurer for
the amount so apportioned with ex-
change, which draft shall be counter
signed and registered bv the auditor of
urer with the amount of such warrants
and credit the several counties with the
same
The second section of the committee
~ ~qeposltofy Dill provides that: ''The
boaLd OF treasury examiners, consisting
o1 me governor, secretary of state ana
AUDITOR of state. shall, on the second
Iuesday in SEPTEMBER, 1905. and each
Two 70 years thereafter, meet in the
once OF the state treasurer and caIlse
70 pc prepared notice stating thar on
a GATE to be named therein, which date
shall be within two months thereafter
lney VIII receive sealed proposals from
the Incorporated banks, both National
ana state, doing business in Kansas for
lhe deposit Herewith of the public
lullds OF the state, in accordance with
the provisions OF this act: said notice
70 be published for a period of thirty
05u1 days III the official state paper.
SAID proposals shall state the amount
OF funds such bank desires. and the rate
OF interest it Will pay on daily balances,
and that said bank win qualify and de-
poSIC the necessary securities AMI
faithfully perform the duties required
OF 1t, provided the award is made to
such bank, said board of treasury eN-
arniEers reserving the right to limit the
amount Of funds deposited, and to re-
ject any and all proposals for such
FUNDS, but in any event the bank or
banks offering the highest rate of in
terast shall be the repositories first t7as
ienated - II ebell
De unlawful for the board to select anv
bank as such depository in which either
the state treasurer or any member of
the examining board of the treasury IS
interested as stoclholder."
The third section Of the bill as pre-
pared by the committee provides that
The said board of treasury examiners
shall meet in the office Of the state
treasurer on the date named in said
notice at 2 o'clock p. m. OF said day,