The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-09-16
CALL FOR Cash.
Treasurer Sends for Nearly
Halt Million Today.
Money will Be Used to Replenish
Funds.
MAY NEED 1T YET.
Not Paid Stamp Is Still a
Possibility.
Several Counties Paid All Taxes
Before Bank Crash.

Today the state auditor, in accordance
with the provisions of the state deposit
tory law, authorized the state treasurer
to draw upon the county treasurers of
the state for SAG, ,626.09, the total amount
on hand, as the State Journal announc-
ed some days ago would be done.
Even by drawing everything in sight,
the indications are that the state will
be out of money for current expenses in
November and December, and that the
Not PAID stamp will be called into SER
vice.
State Treasurer Kelly managed to
avoid the use of the not paid stamp in
July and August by simply going ahead
and paying the warrants out of other
monies on hand. The uncancelled war
rants, representing the deficit of about
$265,000, are still held by the state treas
prer, and will be held until enough mon
ey comes in from the county treaSurerS,
under the depository law, to replace the
money borrowed from other funds,
and release the state warrants which
are now, as it were, held as security for
the cash.
1t is possibly somewhat irregular for
the state to draw this SAC, 600 all in one
lump, but it is obliged to do this be-
cause the state depository law was not
drafted to meet the present emergency.
Auditor Wells is acting on the theory
that the intention of the law is that
the state shall draw money to cover the
July and August expenses, although the
reading of the law is this:
The state auditor shall, between the
18th and goth of each month prepare an
estimate of the amount of money to be
drawn from the several counties to meet
The current expenses of the state for the
succeeding month";
OF course July and August are not
succeeding MONTHS but as the last
half of the 1906 term was intended to
apply to July and August, as well as
subsequent months, the only way was
to call in enough money to cover the
expenses of those months, as well as the
September expenses.
After paying off the July and Au-
enough left for September, after
which there will again be an empty
| treasury, SO far as the general rev.
enue fund is concerned.
| The only thing which can help out
the situation is the possibility of a par
tial payment of the First National
loss some time during October. If the
bank pays off so per cent of its obli-
600, which would pull it through an
other month, with possibly little
money left on hand.
OF course it may be that the state
treasurer will adopt the same plan for
avoiding the use of the not paid
stamp in November and December
| that he did in July and August, and
simply pay the warrants out of other
funds, holding them in uncancelled
form as the equivalent of cash.
The estimate prepared by the state
auditor, and given to the state treas
urer today shows exactly the amount
to be drawn from each county in the
state. The largest amount will come
from Shawnee county, which has $31,
S43 to the credit of the state.
| The estimate also shows that seven
teen counties paid their taxes over to
the state in full before the First Ma
tional crash. or before the attorney
general issued his statement to the
county treasurers stopping further re-
mittances until the money should be
called for under the state depository
law. The counties which RENTED
their taxes in full were Chautauqua,
Cherokee, Cheyenne, Edwards, Elk,
Ellis, Hodgeman, Lincoln. Mitchell,
Morris, Morton, Rice, Rocks, Sedg-
wick, Sherman, Thomas and Wallace.
number of other counties remitted
a large portion of their tax. For in
stance, Atchison county sent 5000
and owes only $3.50:
i The fact that such large remittances
were made was one reason why the
deficit in November and December is
! certain to occur