Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1908-07-18
Special to Evening Teller.

Special to Evening Teller. !
BOISE. July 16.-During the past
few weeks there has been a great
deal Of newspaper controversy re-
garding the conduct Of this once,
and l desire to present few facts.
showing the laws as they exist to-
day and the absence of laws regard
ing certain subjects. This is writ
| ten in a spirit Of fairness and just
ness to all. without particle OF
| animosity or i'll feeling. although
possibly l might be justified in ex-
pressing myself, and l will try to-
use calm language in this state
ment.
In the first place, permit me to
say that 1t is absolutely impossible
to conduct the business Of the state
Of Idaho on basis Of actual cash.
as some of the newspapers contend
is the law. The receipts of this Of
flee, in any one year, are $4,000
900, and out OF that vast sum I do
not take in to exceed $4,000 in
cod cash. You might ask the ques-
ton, don't know this is unlawful?
will answer and say that do. not
know whether 1t is or not, but I do
know that did I try to run 1t on the
cash basis. it simply would be an
impossibility to do so.
I run what Is known as "cOllec-
ton account" in two banks in this
city, one the Bank OF Commerce.
and for the security of that deposit
have bond signed by some OF the
wealthiest men in the state for
100000 In the Boise City Ma
tlonal bank I have a bond for $780,
900, also signed by some of the
wealthiest men in the state. This
bend runs to c. A. Hastings, state
treasurer, and does not run to the
J state of Idaho The reason 1t does
Y not run to the state Of Idaho IS be
l cause the depcsisary law. IN section
8, says: 1.-THE officers or stockho!d
ers of tho bank seeking to qualify as
|. a depositary shall be ineligible a'
: sureties on the bond provided foi
: under this section"
great deai has been said why
= the beard Of control did not approve
= of my bond. Quoting the law which
says IN one place, "The sovernoi
shall approve of all bonds," and ii
another place. where it says 9TH,
board OF control shall approve Of al
:, bends" They could not approv'
" this bond because there is no Law
. authorizing bond of this KIND t.
the state of Idaho. But tho bond
:. running from those banks as princi
:, pals and s;gned by these wealth,
rcn. even though they were stock
holders c. the bank. such = bone
running to thc treasurer would be
Nrotoct'on 10 him and the stat
would have to look to the stat
treasurer.
The eamo law is applicable to al
} ccuotv Offices, yet I anl reliably in
. formed that numerous countie
! have rersonal bond siened by tn
:, stoekholiers of tho banks wit
which they DO business. and sue
in bond runs TO tho Etato Of Idaho, a.
as though It IS absolutely Illegal.
g Now, regarding the in eres
c. which is duo the first of Januar
n, end the e rst. of July on the state
=, IDAHO bonds, which are all payab
with the one exception of the hal
he cvcr National bank of New 1or
n, city. When these various bills al
-5 thoriz:ng the creating of this il
e. dchtedness and the issuing of II
N, bonds. they provided for the pa
menf in New York city, but did NJ
es, cnecifv in any case how the trea
n urc~ shall get that money ther
es, That it. there is no law for me
-erosit money in New York CT
ut, b9rk, and. in fact, the deposl'o
in law specifically states doing bu'
ted ness in this state" Should sh
ve- the CURRENCY tn them. all | wou
have to show for it would be a p
ell ner to that effect. But even theh
on. would be having the deposit In
'!e. New York bank; suppose | took
ost cash and bought a draft and IN
a sent the draft to New York sun
nee would start the deposit in the Nc
York bank. As I have said befoI
g will give 800 to any man "
rst, will tell me how to pay the inter'
'ec- in legal manner, or show me I
sec law whereby ! can pay it, | DO Il
think that any jury would find
an guilty Of a crime il | did take I
'eet money and pay it-but still the
.ec- l. no law for It On the one ha
is the faith and the credit and