The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-01-17

county bonds for $4,000, dated July 1,
1900 bearing interest a per cent per
annum, refunding bonds dated January
l. 1888, bearing interest at s per cent per
annun, in which L. A. Bigger Of Hutch
lnson, Kansas. was allowed non-interest
bearing coupon bonds amounting to 81
$50, being one-half of per cent on $T6,-
600 for 81 years. Eleven of these bonds
were issued to him, face value $3.50 each,
one due each six months, from July 1,
lSOO- to January /, 1906, both inclusive
These bonds were not held by him but
were surrendered to the county treasur-
er upon the payment of s1.S67 in cash,
which payment was made on order Of
the county commissioners at a meet
ing held on July ,, 1900.
The Ottawa county refunding
bonds. dated July 1. 1900, par value
$4,000. bearing interest at the rate of
4 per cent per annum, were then sold
| to the school fund commissioners by
L. A Bigger at par. on dates ranging
from June %. 1900, to October u.
1900, inclusive. prior to the maturity
of coupons No. 1, and our investiga-
lions developed that coupons No 1,
due January I. 1901, and coupons No.
2 due July 1, 1901, have never been
accounted for to the annual school
fund"
Shortage on Sumner County Coupons.
On this subject the report says:
Bonds dated July 1, 1900, due July
/, 1880, Nos 1 to 16 inclusive, sixteen
bonds, par value $1,000 each, total S16,-
900, bearing interest at AZ per cent per
annum, interest payable January first
and July first Of each year, at the state
treasury, Topeka, Kansas.
Ihe Records of the Permanent
School Fund Commissioners show that
the above bonds were purchased July 9,
1900, at par; and Order No 1885, dated
july 3, 1900, in favor Of the Security
State bank, Wellington, Kansas, for
$4,000, was drawn on the permanent
school fund in payment.
! Notice was sent to the state auditor,
dated July 3, 1900, signed Frank Nelson,
secretary Of the board, stating that an
/ order had been issued on the treasurer
/ of state in favor of the Security State
! bank of wellington for $16,000 in pay
ment for refunding bonds Guelph town
ship, Sumner county, Nos. 1 to Is in
elusive. This notice is endorsed on
back: Total amount of coupons $21 500
AS the bonds were dated July 1. 1900,
maturing July /, 1890, and were purchased
July 3, 1900, at par there should nave
been attached at the time. of purehase 60
| coupons to each bond, with a total value
on the sixteen bonds of 81, 900.
The state auditors Record of Bonds
for Guelph township, Sumner county,
/ shows that the bonds were registered
June q, 1900. with sixty coupons, valued
at S2S so each, attached % each bond.
THE state auditors Record of Bonds
| Registered Permanent School Fund, NO.
/ 4, shows that the bonds were registered
1 July 9, 1900 as belonging to the perma-
/ attached thereto % coupons, amounting
/ to S1327 so, making a total of $21,240 on the
/ sixteen bonds. This entry would indicate
/ that coupons No. were detached at the
/ time of registration in the state auditor s
/ office. but it is evident that this record
! has been changed by the erasure OF both
! the number and the amount Of coupons
/ attached to each bond.
'eThe records of the state treasurer
show that the bonds were received by
/ him July TO- 1900. No record was kept by
/ the state treasurer of the number of
ceived
Coupons No 1. due January 1. 1901,
amounting to $3.50. on bonds Nos to 49,
! inclusive, have not been accounted for to
/ the annual school fund.
THE state accountant has the Cancelled
/ coupons. which are stamped on the bank:
/ The property of and payable to the Per
manent School Fund of the State of Kan
sas and Not Negotiable o. Transferable.
1 Geo z. Cole auditor of state
1.-THE county treasurer, in a letter ad-
dressed to the state accountant, dated
show that coupons No. 1, due January l.,
| 1901, on bonds issued by Guelph town
+ ship, were paid at the National Bank Of
/ the Republic, remittance having Deen
/ made December o. 1900 and coupons re-
t turned to his office March 20, 1901.
THE state accountant also has a sworn
statement. signed by J. T. Ferriel, dated
/ November s. 1865. that he contracted with
I the school fund commissioners for the
I above bonds and made in the contract
/ that each bond was to have attached
thereto the original number of coupons
bonds at the time of delivery.
transcript of tho fiscal agency ac-
count shows that the National Bank of
/ the Republic. New York placed to the
I credit of the state treasurers account on
| January 3. 1901. for 'coupOns Guelph town
| ship Sumner county. $500
'"The value of coupons No. I. $3.50, is in
cluded as a difference in Exhibit &C. un-
der the caption Coupons stamped as
property of the permanent school fund
payment traced to the state treasurer S
account with fiscal agency.
GOES TO BUFFALO.