New-York tribune., 1908-01-12
REPORTOF CONTROLLER
GIynn Criticises System of Adminis-
fering Court and Trust Funds.

49,. To-. 1,-state Controller Martin H
c.Inn in his annual report, 10 be submitted 70 I7
legislature crfticises the present sSSNo %
,,,niStrstion of court and trust funos- ne i0P
that serious abuses have foiIO"eo '"7
+hesa funds Recommendations are made lor Pfo-
- ,o-,sIa+;on with q view better 10 protecI aAu
rfae-,ord the funds of persons who, through H.
con,netency disability or other cause are uau 70
manage or control their own moneys ne
ba+ the methods of handling these funds snou1o De
-. = : uniform, basis and the responsibility placed
in proper officials -
Controller Glynn recommends oe
things that all and securities oSousht INTO
court should be paid TO the County Treasurer anu
in New York City 10 the Chamberlain IiaI pIo
vision he made so that all court and trust 1uho
-,o,avs and securities deposit in any banking n
,it,,+ton in the state deposited through the
county Treasurer the City Chamberlain De trans
ferred to the custody of those officials
70 tbe banking law. to provide tnat no Hsli-
tuition shall receive these funds unless oessn1teu
as sucb depository by the State ControlIer' also
+bat before receiving these moneys the institution
shall give a bond as security for the saTekeeplhe
of the money.
.arbe denosit in some banking institutions favored
b the court of the funds belonging 10 infants and
which NAV have been set apart by VIII fOr their
ernnor+ maintenance and education without Sc
curitv other than is represented by the sovency OF
the banking institution says Mr. Giynn' is per
version of Justice
no
rnent report that many county clerks and surro-
g,tes, clerks have failed 20 enter record of
moneys and securities directed to be paid into
court as required by law. and by reason of that
fsfIure the department has been unable to deter
mine whether all funds directed TO be paid into
court have been deposited The records show
that in many counties guardians and other
persons directed pay moneys or transfer securi-
ties TO the County Treasurer have withheld such
funds and the power of the Controller 10 compel
payment thereof is questioned The report con-
tnues:
special guardians and other persons VINO nave been
directed to deposit with the county treasurer tht
persons including dower @ ana sIYdS fY 10 si ith ~
estate and Of the disposition Of the proceeds Of
fhe amount Of moneys which the court has directed
10 be deposited with the county treasurer The
failure to file such reports places II oeyond tne
mower of this department determine whether they
haye E hcG0un[Td This i@r Gondition 81 atr we known
for years. is intolerabis, and should have oeen
abolished long ago
Controller GIynn says that he required every
hank and trust company in the state TO report the
amount of court and funds deposit on
July l last. He then learned. he says that many
hundreds of thousands OF dollars OF these funds
are on deposit by special direction Of the court in
hanks and trust companies not designated by the
Controller as depositores such funds In three
OF thes, institutions the amounts OF these funds
deposited since January l. 1892 aggregate over
90 Ioo 0.a No examination of these accounts has
ever been made and these reports are the first
these institutions have ever been required To ne
with this department
The Controller reports that some thirty banks
ana trust companies in New York tlty nave f'-
norted the custody OF funds amounting 10 over
81 10000. lie continues
Thorough examinations have been made OF me
FUNDS in several of these institutions sllce Is tilil
- said ranorts on July |. and such eXaniinati tons
ehov- many irregularities in the mG1asement 0f the
oV,,rts and a very lax administration or the
@is They also show that little attention - paid
t qba rroper authenticatiOn OF court orders ami
r,cnryS have been received and pIid ont th
.,,.y {rstgrces WITHOUT court orders MANY ure-u-
-rttfcs existed IA the entry OF accounts and tre
-e,,,,@ in charge thereof appeared 20 have little
tnoVirdge OF the law and rules reGrtttnE the maud
IT, - The bonds Vouchers CvidenCsnE payments
nsrs missing III many instances Many accounts