The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1905-11-07

NEXT Tuesday the Board of Free
holders will hold their regular meeting,
and among the questions to be considered
will be that of the appointment of a super
intendent of the Insane Hospital to I'LL the
vacancy caused by the death of Charles
II. Deacon. If popular sentiment is re-
spected Charles Clarence Deacon will be
given the position. for there is no doubt
that such course is desired by the tax.
payers all over the county During the Ill.
ness of his father, and since the latter's
death, this young man has been practically
in charge of the institution, and not
a single word of fault has been ut
tered against his administration of affairs.
The committee in charge and those who
have been watching the hospital during
the past few months express great sat
isfaction at the condition of affairs.
For this condition Mrs. Deacon, the ma
tron. must have some praise, as she has
been very greatly instrumental in the man.
agement of the institution. A gentleman
connected with one of the large insane
asylums of the country has had occasion
to notice our hospital and has expressed
the opinion that Mrs. Deacon is not
surpassed as a matron of such a place.
The county asylum was built for the pur-
pose of maintaining our unfortunate citi-
zens in manner that will be beneficial
and comfortable for them and economical
to the county. Both of these ends have
been secured, and it would seem to be un-
reasonable now to change certainty for
an experiment 1t is to be hoped that the
vote TO continue the faithful and efficient
officials now in charge will be unanimous
Two per cent. is the interest that the
State treasury receives from private banks
on the deposits of State moneys with
these banks. The treasury holds nearly
three millions of surplus and it receives
every year more than four millions in
income, which goes to the State deposi-
taries, to be checked out by the treasurer.
The State school funds cash is deposited
at the same rate of interest. Last year
the interest was So, 1861. showing large
average deposits. The Secretary of State
and Acknowledgement also use private
banks for deposit
As long as the State finances are con-
Quoted with view to keeping millions
in private banks, the best interest terms,
commensurate with the safety of the State
funds. should be had. That goes with
out saying. 1t is regarded as a singular
piece of official favoritism that the New
York Mutual Life should have deposited
$500. 900 with the Morristown Trust Com
pany at 2 per cent, and since the in
surance investigation began the interest
rate has been increased to 8 per cent
Is it not singular also that State moneys
should receive only 2 per cent. interest
from private depositaries What makes
the difference between public money and
corporation money!
There is nothing in either the State
Comptroller's or the State Treasurer's
report to indicate the banks in which the
deposits are made, and the amounts de-
posted, but 1t may be assumed that the
States financial officers have been mind
full of the security of the deposits and
have not unduly favored any banks for
political or other reasons. A statement in
either report showing the depositaries
would, however, seem necessary for the
public information. The question may
also be asked whether any effort has been
made to obtain a higher rate of interes
than per cent.-Neaodrk Advertiser.
The "Winter Excursion Book"
Just issued by the Passenger Department
of the Pennsylvania Railroad Company,
out by any railroad company. 1t is a