Daily capital journal. (Salem, Oregon) 1903-1919, 1907-02-04
JOKER
HIDDEN
In BILL
Would Bar Recovering Money
From State Officials

The word hereafter" as used IN
section G. OF washburne's bill con-
tomplatIng the providing OF q system
Of deposItlng the state funds, which
are annually boarded up in the state
treasury. in banks throughout the
state. would be mIsnomer, so far as
the states interests are concerned
should this act become law.
That IA 70 say. II the state ever de-
clded 10 take steps 10 recover inter-
est on the deposit OF state moneys
from state treasurors OF the past, and
a Is rumored that such a move is al
ready IN contemplation IN certain
quarters, the state would be forever
barred from bringing such action
since the use Of the word In the bill
referred to would operate TO legalize
the acts OF all previous treasurera and
bar any contemplated action 10 re-
cover.
The washburne bill. which was In
troduced only day OF two after
that OF Barrett. Of Umatilla, is an
almost exact counterpart OF the lat
ter's measure except that II provides
for the acceptance OF personal secur-
ny for the deposit Of state funds,
whereas Mr.. Barrott's bill calls for
surety, school. municipal and other
like sound securities and. whore Mr..
Barrett's bill begins TO read. mt sec
tion G; "The making OF profit. d.
rectiy or Indirectly, by the state
treasurer. -- by loanlng or other
wise using u. or deposltlng the same
in any manner contrary 70 law" and
peacribinE penalty for the ofensc
which n fixed as a felony the Wash
hurne bill begins that section with
the word hereafter" which the state
legal authorities hold would serve
TO lerall1o all previous infractions
of the state troasurors and would bar
actions for recovery OF whatever In
tcrest they may have earned by the
use OF the states money
II has long been pretty generally
understood. although Il may be hard
10 prove concluuivoly that all OF the
former state troasurors have reaped
tho bis harvest by loanlng the state
money out Ia the different banks ON
Interests. none OF which has ever been
turned gack into the treasury, 80 Far
AZ tho general public knows and THIS
has been the greatest source of rcvo-
nue. for those ofliclala whose salaries
we're only $500 per year besides their
ing practically idle for almost full
fees. on the average the amount Of
money ON hand In tho state treasury
"a about $4,000 from tho use OF
which the treasurer could easily real
lac at least 90 por cent interest,
which would amount 10 $4,000 per
yrar but during the past two yeare
when an OF the state money was ~
ina practically idle for almost a full
year about gis0o.0O piled up Ia tho
treasury. which, n Il had been loaned
out npon the same terms would have
realised tsI.0o0 Tor the custodian.
section 1907. OF the code. AZ Il
nov stands, prescrlbcu a penalty for
tho leaning out oi the state fund'
but, n the washburno hin we're Ia
become Law without striking oul
the word "hereafter" this ponalinlur
section of the code would be repeat
"a b. Implication. u not directly aud
permit ali previous oltenders TO e.
cape suit for recovery OF the none,
as well as punishment Tor violation
oi the provision of the code, up 4
two years ago the statute of iimlla
lions run against action for recover
ef money agalnsi private citiaena a
veil a. state ofnrials but this ac
aHs.1Fl's.r-'|.--..-.-.,