Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1908-04-30
TREASURER HASTINGS MAKES
CLEAR STATEMENT OF CASE
aRaEs MALICE TO THOSE ATTACKING ADMINISTRATION OF
pEposlrARY Law AND MEETS. POINT FOR POINT, CRIT
csMs IN PUBLISHED STATEMENTS CHARGING HIM WITH
rAIADMNISTRATI0N.

state Treasurer G. A. Hastings
=. ,ent to The Evening Teller for
..n,ication a full statement con-
srning the charges made against
Nm by the public press at Boise.
I'd gives to the people clear
.,,tement of charges that in them
lives we're not explanatory. but Inn
.lI.d conditions not fully under
.tood Below is Mr.. Hastings open
letter.
BOISE, Ida., April 81, 1908.
70 the People of the State of Idaho.
and Especially to Those Of Neg
Perce County, Who Have Stood So
Loyalty by Me in the Past:
During the past week there has
been published in the Boise States
man and the Capital News Of this
eIty articles regarding my oficial
conduct of the once of state treas
urer. and inuendos regarding my
self outside my ofncial position.
The first part of this controversy
was two columns published In the
Capital News. democratic paper.
which article. l firmly believe was
written by Robert 8. Bragaw. state
auditor, whose sole aim and object
seems to be to do everything within
lis power to disrupt the republican
party, and especially to vent his
spleen on me. OF course we cannot
expect from the Capital News mat
ter that will promote the interests of
the republican party.
few days after the publication
cf this artice the Statesman, q pa
per published in this city, claiming
to be a republican paper. awoke to
the fact that the Capital News was
ahead Of it, which. by the way. is
quite a frequent occurrence. Then
the Statesman published in detail
the same statement, and in reply to
these various statements, as pub.
lished by both papers with the as
sistance Of the state auditor, ! here
with make the following statements:
State Depositary Law.
The original Intent of the state
dspositary law Is to secure some
thing for the use of the public mon
eys known as the current fund. The
constitution provides for the invest
ment of the public endowment fund.
Section 10 of the state depositary
law reads:::
THE words several current
funds used in this act shall be held
TO apply to all funds in the state
treasury except the permanent edu-
cational, public school, or university
land funds"
Under this law there is deposited
In the safe in the vault Of my ONCE
today the sum Of $275.82S.89 in
permanent educational funds. The
amount I should actually have on
hand is $26s,842.20. a surplus OF
cash on hand of $1,000 more than is
required by law On March 80,
1908, the balance In these funds
was as follows:
General school fund. .$210,955.6z
University endowment
Aunu ZZ,400.lo 20
normal school fund. 29,183.05
school of Science fund. 40,624.72
Agric. College fund. s11,507.6S
Iotal ..............$ .$314.726.2a
Warrants bought since the first OF
Tue month on behalf Of the general
scnool fund, $44.932.15.
Balance cash on hand should be
S2Ss,s74.os.
General fund warrants on hand
G51.Ss.
Leaving a balance Of $2eS,s42.2t
which should be In the safe.
have, however. $275,S28.S9 ir
the safe.
Ine Statesman made the assertion
.uat all endowment funds should be
Nept In the safe. That statement
"as published In the Statesman, ant
, presume they will stick to it un'
..ss they retract when 1t is tt
'neT advantage to do 30.
Mnen congress gave us so sec
~ tse.ions of land for public building
s, .ua. land was for. sale, part of 1t wal
soia and the funds carried in th'
~. .piic Building Endowment fund
na. EXPRESSION is wrong. It shouls
~, ~ simply the Public Building fund
ne amount of money in that funt
~ march 81, 1908. was $74.419.16
ms rund was for the purpose o
~ nS''aing state building and not II
81 AZ form Of an endowment. as ar
-, AZ school funds. university an
@ grants nv congress. Thi
a ao.ev has been deposited and is de
a todav In s5 banks through
the state Of Idaho. drawing In