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

H. .Dt
From Jan Il, 1903, to Jan. >, 1905. SO 90
Normal School Coupons.
The report under the caption state
ment Of interest on bonds belonging
to the Normal School Permanent fund,
showing the interest matuFed, the in
tereSt accounted for, and the differ
ence. or excess of interest accountable
over interest accounted for to the
Normal School Interest fund, during
the period from January 1, 1898, to
June 30, 1905" claims the difference
between interest accountable for and
interest accounted for to be $337.OO,
distributed under two headings
l. Coupons not stamped as prop
erty of the normal school per
manent fund, payment not traced
to state treasurer or his account
with fiscal agency MISREPRESENTATION. 1884. so
all accruing during the administrative
period from January IA, 1888, to jan
uary a. 1901.
. Cancelled coupons INDICATED. pay
ment not traced to state treasurer
or his account with fiscal agency..S ESQ
maturing during the administrative
period from January IL, 1903, to Jan
uary 8, 1905.
The comments of the accountant in
me essay matter disclOses that the item
OF $500 was never RENTED for to the
state treasurer by the municipality is
suing the bond and coupon, although
IL appears the coupon was Cancelled.
University Permanent Fund
In this fund the report claims a dis
crepancy Of $3.50 of excess of interest
accountable over interest accounted
for to the University interest fund
and in the essay matter it is apparent
Lhdt the discrepancy exists through the
failure of the municipality issuing the
bond on which the interest accrued to
remit the amount of $3.50, although
the coupon seems to have been can
celed and surrendered; the item ac-
crued during the administration period
from January 1 4, 1899, to January IA,
1901.
The ga. r. Brown Incident.
On the subject OF coupons No. 1
reads:
Bonds dated January L, 1903. due
January 1, 1888, Nos. 1 to s s inclusive
sixty-siX bonds par value $1,000 each,
total $66,0 coo, bearing interest at 4
per cent interest, payable January LIST
and July 1st of each year, at the kan
sas state Fiscal agency in the city of
New York
The Records of the Permanent
School Fund Commissioners show that
the above bonds were purchased jan
uary 8, 1903, at par, and accrued in
terest. Order No. 1894 dated January
g. 1903, in favor of Q. z. Foote & Com
pany for $4,000 was drawn on the per-
manent school fund in payment; and
Order No. 1920. dated January s. 1903.
| in favor of c. E. Foote & Company for
S61-4S was drawn on the annual school
fund for accrued interest to the date of
purchase
Notice was sent to the state auditor.
date not shown, signed Frank Nelson.
secretary of board. stating that an or
der had been issued on the treasurer
OF state in favor of c. E. Foote & Com
pany FOR $4,000 in payment for re-
funding bonds city of Garden City, Fin
/ ney county, Nos. 1 to SIS, inclusive This
notlce IS endorsed on back: Total
amount Coupons, $S4.15O'
AS these bonds were dated January
/ L, 1908, maturing January /, 1888. and
were purchased January s, 1903. at
/ par and accrued interest from January
1. 1903, to date of purchase, there
should have been attached to each bOnd
at the time of purchase sixty coupons
with total value on the sixty-six bonds
/ of SS4.15O
THE state auditors record of bonds
for Garden City, F'inney county, shows
4 that the bonds were registered January
/ Z, 1908, with sixty coupons valued at
/ S21.25 each attached to each bond
The state auditors record of bonds
( registered permanent school fund NO.
4, shows that the bonds were registered
4 January Z, 1903. as belonging To the
/ permanent school fund and that each
bond had attached thereto sixty cou-
pOns amounting to 81 275, making a
J total of S84,150 on the sixty-six bonds.
All of the above described records indi-
/ cate LlldL the Iuli amount OF cOnnOnG
4 were attached to each bond when regis
I tered by the state auditor.
/ The records of the state treasurer
/ show that the bonds were received by
/ him January Is, 1903. No record was
( kept by the state treasurer of the fl1Ir,-
Der of coupons attached to the bonds
! when received. but the bonds bear an
I endorsement, that coupons No. 1 were
clipped before deposited. There is moth
4 ing to indicate when endorsements were
made.
"All matured coupons have been ac-
counted for promptly. with the excep-
ton of coupons No I. due July l. 1903
amounting tc S1.402.50, which were not
[ receipted for by the state treasurer un-
til August %. 1904. at which time re-
ceipt No. 1881 was issued to A. r
Brown for S1,402.50, account Garden City
coupons due July /, 1903. signed T. T
Kelly, state treasurer, by C. r. Richey
assistant state treasurer.
There is in the possession of the state
accountant a statement signed by c.
r. Richey (whO was at that time as
sistant state treasurer), dated Topeka
Kansas, October 1. 1904, that draft FOR
S1,41G5O. enclosed in a letter signed "A
r. Brown in pencil. addressed to &C. r.
Richard - was received in payment oil
coupons Of Garden City. Finney county
for July. 1903. AS this draft overpaif
the amount necessary. check No 1926
dated August 26. 1904. for $40. in favor
of A. r. Brown was drawn by the sta tt
treasurer on the First National bank o.
Topeka, Kansas. which check was still
outstanding at June 90, 1905
Remittance was made for coupons
due July L. 1903. by the city treasurer O
Garden City on August 3, 1903. Th,
National City bank. New York. fisca
agent, state of Kansas, in letter dateC
August %. 1903, returned to D. r. Merke
city treasurer, Garden City. Kansas.
sixty-six Cancelled Garden City coupons
} amounting to s14O2-5O, copy of which
letter is in the possession of the stat,
( accountant. The state accountant aIs'
has the following described papers
which are copies of the originals in tn
possession of the National City bank
New York.
Letter dated Topeka. Kansas. July
1903. addressed to the National Cit.
Bank, signed T. T. Kelly. enclosing 70
collection 60 Garden City Finney coun
. nr,rrnc.r,. 81 40 "a o,aa rac.11ae tin.