Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1908-04-30

SAvsVVVt sudt 10 tuS OhBu III INC Sd10s]
Since that time the banks of the city
of Boise. with the exception of the
First National bank and the Capital
State bank. have furnished me with
100000 In gold, and II has not cost
the state one cent to get that vast
amount of money. Furthermore, the
Bank Of Commerce., to my own per-
sonal knowledge. when we had to-
pay interest -on the state bonds due
at the Hanover National bank IN
New York city, was required to pay
&5 per thousand for currency with
which to meet the payment of the
coupons. and yet they never charg-'
ed the state one single cent, and It
cost the bank $50.
Again, last April. we deposited
with the Bank of Commerce and the
Poise City National bank, $279.0O0
worth OF bonds which were author
lied by the recent acts of the legis-
lature and 100000 worth on the
first day of September, making
$S39.000 worth OF bonds which they
collected for US at total expense to
the state of Idaho Of not one cent II
these bonds had been lost or stolen,
the banks would have been respon-
sible. Does this explain the collec-
ton account satisfactorily to you?
| The Statesman, in January, edi-
torially made this statement:
Treasurer Hastings announces
| that the state received little more
than $4,000 during the past year
as interest on money on deposit In
banks This is splendid record.
Mr.. Hastings has administered the
law in it's spirit and Is able to make
a fine showing That is the natural
result of having law administered
Us an official who is in sympathy
with its principle"
| In last weeks lengthy editorial
the Statesman attempts, with vague
inuendo, not definite enough to
found suit for libel upon. to i'm
pugn the oficial conduct Of my Of
fice. I have frequently publikhed
throughout the length and breadth
Of this state statements regarding
the interest account, and permit me
| to. reiterate that the interest deriv-
ed from the use of the public funds
since became state treasurer will
reach approximately, on May 4,
1908, $4,000. and 4 see no reason
why. under my management OF the
states finances 1t will not reach
$40, 900 during my term Of ONCE.
In the Statesman OF last week
was published statement which
was sent broadcast throughout the
state IA Statement which, vas evil
IDENTIFY prepared by State Auditor
Rragaw. to the effect that the Lew
istOn National bank which Al evil
IDENTIFY the bank they referred to. al
Though they quoted the Lewiston
State bank, had 125 per cent Of the
amount Of their bond on deposit. Az
the same time they state that the
bank had $4,000 OF state money on
deposit and $4,000 was what they
were entitled to. then that would
make 1t II per cent OF what they
were really entitled to. instead Of
1875 per cent Now the two distin-
guished gentlemen who handled and
wrote the article were either one OF
two things they were perfect ig--
noramuses on elementary mathe-
lmatics and absolutely unit to make
statements or else the statements
were given out with malice, and I
firmly believe that the statement
was made to iniure me In the ewes
OF the people. The authors Of the
iarticle have probably not vet dis
covered the error, and II they have
they have not been mft enough 70
change or correct II. Both the state
auditor. who gave, out the material
| for these statements. and the States
man. which published them, have
been eating at the republican pie
counter for the last rs years, in fact
: II has been almost their whole sus-
tenance, and now they light the very
hand that feeds them, For in un-
i justly ana maliciously snarling at
an oficer elected by the party they
are assailing the party itself. "a
i Now, regarding my assistance to
the, banking interests and the finan-
tcial interests Of the state Of. Idaho
Turing the recent financial furry:
Ihad $4,000 cash In my vault when
4 the furry started. Men, able-bodied
and strong, and In the full flush OF
4 their @physical and mental manhood.
came to me with tears streaming
down their cheeks and asked financial