The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1908-11-01
CHARGES REFUTED
ANSWERS FlYNN'S ASSERTION
THAT TWO MILLION DOLLARS
SCHOOL FUND MISSING

Guthrie. Okla, Oct 3f.-State Ey.
aminer and Inspector Charles Tayl'rI
today made public an answer to a
statement made by Dennis T. Flynn,
republican candidate for United states
sen itor. at Oklahoma City. Mr.. Flynn
declared that two million dollars OF
the state school fund Is missing end
unaccounted for. Mr.. Taylor has Just
completed a personal inspection Of the
loan department OF the school land
lean department of the schol land
commission and naturally is in n po-
sition to explain TO the satisfaction
OF even Mr. Flynn the disposition Of
every cent of the school children's
money. Mr.. Taylor is an expert on
loans His letter to Mr. Flynn follows:
II have just read in the papers of
your speech at Oklahoma City Tues
day night in which 1t is reported you
made the statement that $4,000, 900 OF
the school fund In the state of Okla
homa Is unacounted for. | have Just
finished careful examination OF the
loan department which is handling
the s5.000.0OO fund. As there has not
been 100000 on hand at any one
time in the leasing department, l
suppose IL is to the loan department
you allude.
| have personally examined the
papers in every loan that has been
made to the farmers of this state.
and OF my own personal knowledge
know the amount of money that has
been loaned and to whom 1t has
been loaned. | have examined all of
the state bonds on which n part OF
this $4,000. 900 is advanced. have
examined every county for loans 10
the county; have a statement from
the officers of every bank in this
state and have personally examined
every statement OF banks now holding
state money or part of that s5.-
100000 fund and now make to you
the statement which | know is cor
rect.
Received by ]. A. Menefee, state
treasurer. from the United States
treasury, cleared through the Com.
merce Trust Company of Kansas City
Mo. and turned over TO l.. ID. Mari.
secretary of the school land commits.
sion. s5,OOO,O 600.
Interest from Commerce Trust Com
pany by State Treasurer Menefee TO
Secretary Mari. sl,362.92.
Interest on farm loans, $3,212.06.
Express charges on money from
banks, s36.4O.
Interest daily balance from banks,
s9,93615.
Printing bonds collected from AZ
counties. si2O.
Total. S5.O14,967.53.
Advanced on state bond issue for
holds bonds as security, s1,46O,OOO.
Loans to new counties on bonds
/ sl,O7O.00O.
Paid ON farm loans, sl,450, ,760.03.
Balance in IA banks in Oklahoma
being drawn on for farm loans, 81,
O33, ,731.7i.
Turned over to common schoo
fund. s475.76.
Total s5Oli,96753.
| This examination includes all of the
transactions Of the school land com
mission relative to the s5,OOO,O0O vi
to and Including August 81. 1908.
also find that the United States
government has paid State Treasurer
j. A. Menefee s225, 5,4O9si as interes
on the s5O0O000 school fund amoun
accrued during the process Of with
drawing the entire amount from th'
treasury; this amount is applied t.
the common school fund and will b'
apportionei among the various coun
ties of the state.
A detailed statement of every trans
action in regard TO this s5,000,0O'
fund can be found in the office o
state examiner and inspector