The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1908-05-02
State Treasurer
Denies Charges

Leaving a balance of $26S,S42.S0,
which should be in the safe.
have however, $275,S2S.S9 in
the safe.
that all endowment funds should be |
kept in the SAFE That statement was
published in the Statesman and pre-
sumo they will stick to it unless they |
retract when it is for their advan-
tage to do SO.
When Congress gave us fifty Sec
land was for sale. Part of it was
sold and the funds carried in the
Public Building Endowment Fund.
That expression is wrong, it should
be simply the Public Building Fund.
The amount of money in that fund On
March 31st, 1908, was $74,41".16.
This fund was for the purpose of
building a state building and not In
the form of an endowment as are the
school funds, University and Their
grants by Congress. This money has
been deposited and is deposited to-
day in eighty-five banks thruout the
State of Idaho, drawing interest at
the rate of 8 " % per annum. Under
the Depository law I am not obliged
to carry that fund in my safe. They
the neither Permanent Educational,
Public School, nor University Land
Funds, as excepted from deposit by
the provisions of the law. The law
does not include the Penitentiary
Funds, the Insane Asylum Funds, the
Charitable Institutions Funds, which
to-day amount to approximately $780,
900, which amount is invested in
eighty-five banks thruout the State
and draw interest at he rate of 81 %
per annum.
Under the State Depository law
these are not Educational nor School
Funds and should not be carried in
my safe. These funds have brought
into the State of Idaho's interest fund
since my encumbency of Office over
$4,000. Now if any one differs from
me in my views and thinks 1 am
wrong, he has the privilege of going
into court and getting an interpreta.
ton of the law.
Collection Account.
The Statesman published an inter
view with Mr.. Bragaw and asks the
question-"What is a collection &C
count?"
For the benefit of all parties ant
that the people may understand tn
question in all it's minutest detail,
desire to say that gladly and cheer
fully will give information upol
the workings of this Office to any MAJ
of whatsoever political faith, cree
or dogma, when he CONFESS to me Il
good faith to seek information
Should he come for scandal or in
formation to maliciously injure an
offceholder to maliciously injure an
State or to breed discord within GU
borders then I might act differently
In regard to collection account,
have received in the sixteen month
that l have been State Treasure
about three and one-half millions G
dollars, or roughly speaking I hav
and will have taken in during my en-
cumbency of Office about four million
of dollars. It is safe to say tha
out of this vast sum Of money nc
one half of one per cent Is paid 1
cash. 991a% of the total receipt
of this office Is in the form Of check
The collection of State taxes for til
year was over $700,0O0.O0 and nj
one cent came into this Office in Co
cash. Now what do l do with Il
checks that l receive? In the FIR
place there are two banks in tn
city with which I keep what l ter
collection account. One Is the Bal
of Commerce and for the protecti'
of this collection account I have
bond OF $1OO,0O0.00. The said boz
Is signed by the Bank of CONNER
as principal, Robert Noble, ].
Yates, l.. A. Coate, H. N. Coffin.
Peasley. w. d. Briggs, s. T.
Smith, as sureties. From the b.
of information regarding the flna
cial condition of these bondsmen
can obtain. / find that their aggrega
wealth is $4,000 100000 and possit
over. The other bank In which
keep my collection account Is I
Boise City National Bank, and
the proper security of this collecti
account hold bond of 800, 900.
signed by the Boise City Natior
Bank, as principal, and Thomas Ds
is, F. R. Coffin, Timothy Regan, J.
Gu-tA,. n. ,,,rntto1 IN.ox-, tha y,