The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1908-12-11

the banks at Occur d'Alene are re-
fusing to cash county warrants. The
Rathdrum State bank has letters
from It's correspondents In Spokane,
relative to the matter and permission
is given for the publication of one of
them which Is as follows:
The Traders National Bank
Spokane, Wash. Dec. End, 1908
Rathdrum State Bank,
Rathdrum, Idaho.
Gentlemen:-We charge your account
$500 and return herewith warrant
for like amount drawn on the Treas
urer of KOotenai County, Idaho.
This warrant has not yet been called.
We are Informed by our cores
pondent at Occur d'Alene that the
banks up there are not accepting
these warrants. They write that
they believe they will be able to get
some outside parties to take a few Of
the warrants, but will not agree to
take any specified amount.
Trusting that you will be able
TO dispose of same, we remain,
Yours truly, !.
WITT. W. T., Triplett.
Asst. Cashier.
This refusal or inability of the
banks Of Occur d'Alene to handle the
county warrants recalls one Of the
arguments used by the Occur d'Alene
boosters in the recent campaign for
the county seat. Their most I'M
portant literature, gotten out short
time before election, contained the
following passage:
Occur d'Alene has population Of
between seven and eight thousand
people. 1t has four large banks,
which have a capitalization Of a
quarter of million dollars, and is
therefore the great banking and com
mercial center for the entire county.
Rdthdrnm at present refuses to cash
county warrants and other county
paper, while Coeur d'Alene is now
and always has Oeen ready and will
ing to cash and take care of all OF
these obligations. Rathdrum will
probably deny this, but let US note a
specific instance where Rathdrum has
refused to cash county warrants and
directed the party to present them al
Occur d'Alene, which was done, and
the warrants cashed by Occur d.
Alene bank without question. w,
refer to warrants Nos. as to ID 10
elusive for $500 each, drawn on th'
| general bridge fund for the total sun
Of $4,000. These warrants wer
issued to the Midland Bridge Com
pany and endorsed by A. A. Trocon
its agent, and delivered to Marti
Gilbertson, subcontractor, who en-
dorsed them and received his none
at the Exchange National Bank |
Occur d'Alene. Rathdrum has onl
one bank, which is state bank
with capitalization of only $25, ,O0(
DO YOU as a voter want to transat
YOUR business IN a city where you ca
cash your warrants at par, or do yo
want to have the county seat RENAL
at Rathdrum where there Is only VI
bank, and that bank unable to pr
perly handle the negotiable pap
issued by the county, such as brid
warrants, current expense warrant
ETC."
T Persons who were aware of the fac
o knew at the time that the statemen
made in that article had no found
tion in fact and were merely pa
of the campaign Of falsehood al
misrepresentation made by Occur
, Alepe from the beginning or I
: fyht. 1t was known that Win l
n exception of the single instance Gil
r .hont the $4,000 of bridge warran
v the RaIhdrum bank had not refus
d any county warrants for several yea
1t and the refusal IN ttat one lnstat
g was due to the mistaken action
the holder before he presented
~ .,..ur,fr for naYmPQt.