The Yale expositor., 1908-01-31

| VI oOPOsilihb tue sldlc hohSy AZ INV
ity. This followed Glaciers refusal to
cred. The letter of resignation folio
To Fred NJ. Warner, Governor OF the
| state OF Michigan: Sir-I have the
honor TO acknowledge the receipt OF
you are pleased to make certain specl-
nc charges against me with the view OF
my ultimate removal from the once OF
state treasurer.
When these charges were irst made
/ declined TO accede TO your request TO
resign. then stated publicly that
could not at that time state my reason
for that decision. 1 am now at liberty
to do SO. At the time of closing the
Chelsea Savings bank l, as state treas
United bank. OF which you were vice
president, $250.000 Of state funds: your
bank had given bond OF only $4,000
TO secure such deposit. / had been IN
formed that the Detroit United bank
had of its funds of s2O0,00O on deposit
New York at the time of it's failure.
Atty. Gen. Bird. within a few days OF
the closing OF the Chelsea bank, ad-
vised you and advised me that the de-
| lawful for the reason that the Detroit
United bank was not legal depository
| for state funds, and insisted that the
deposit be turned back into the treas
ury. | knew that IL would require some
efrort on the part Of the bank TO make
such payment In view OF It's conoltlon,
and should IL fail for any reason. a
greater burden than | now have would
be cast upon me. and the sursties upon
my bond. / knew you would not make
an effort to remove me from ONCE, not
withstanding your statement TO the
public press until after the bank had
refunded to the state the deposit re-
| ferred to.
1t is my intention as soon as my
health will permit to interest myself In
| strengthening out my business auairs
so that the people of the state Will re-
ceive every dollar which has come into
tinue TO hold this office would not bene-
fit me in any way. for the reason stat
ed. and regarding my duty TO the state,
my family. my friends and myself, and
| in view of the circumstances. which
| surround me- l hereby tender my res
ignation as treasurer OF the state OF
! Michigan, to take immediate effect
In doing so. however. / wish 10 state
before retiring that the charges you
have preferred against me, of gross
in office are not well founded
Your first charge is that the deposit
ing of S6S5,000 and upwards 1.-TWO hum
/ dred and ninety-two thousand of which
was deposited subsequent to January l,
! 1900 in the Chelsea Savings bank, in
president, was In violation OF section
1901. compiled laws, 1897, is erroneous
l never understood that | was violating
that section OF the law when l de-
! Chelsea Savings bank, because | was a
stakeholder therein, and / deny that |
vision Of the statute in making that
deposit. You have not properly con-
strued that statute.
This section forbids any custodian of
public moneys to accept any pecuniary
or valuable consideration that might
induce him to subsequently deposit
with some person. firm or corporation.
l consider the violation OF the above
section to mean that the acceptance
with corrupt motives. of pecuniary
or valuable consideration as an induce
ment or temptation to do subsequent
wrong; This section admonishes all
thing In the nature Of bribe. You do
a nSsh aG eorT apnS ee e
your first three charges are not sup
ported by the law you quote. l might
remark further in this connection that
you. for nearly three years, were IA
miliar with and coSnizant with the
fact that | had deposited some of the
bank. and were fully aware OF the
fact. during all that time. that / was
a stockholder. director and president,
yet. you never intimated that ! was
violating any law OF the state or any
rule governing the conduct of the bust
ness OF the once of state treasurer
| apparently necessitated my Detroit
creditors simultaneously to call in all
Of your knowledge. You will remember
what Mr.. Kimmerle had TO say in the
campaign of 1906 Do you want TO be
understood as having for nearly three
years condoned violation of law that
would justify my removal and never
took any action In, the premises until /
was financially embarrassed?
Your fourth charge is that of gross
neglect of duty I'm depositing 1886. 900
and. upwards in the Chelsea Savings
bank. without ample security therefor.
the security being for 100000.
neglect to take action Was it be-
Chelsea Savings bank? and had been
carried by said bank for long time :?
Was II because the Detroit United bank.
of which you were vice. president. had
been favored with a deposit OF $3.50. 900,
which deposit was solicited by your
self? Was 1t because your friend, A. C.
thirteen thousand dollars t13,0e0) by
the Chelsea Savings bank? IL the in
IDENTITY bonds 3SI given by the Chelsea en%
psnies OF 20 per cent OF the deposit.
filed as security for the safe return of
suficient and because OF such insufi-
cheney you are justified In charging me
with gross neglect. and at once insti-
can you consistently Justify your own
conduct in personally soliciting and OBJ
tanning from me deposit Of the public
sand dollars (s25O. O0O) for the Detroit
United bank. OF which you were vice.
pity OF ffty thousand dollars az or 20 per
cent OF the amount loaned? IL the Sc
curity of over 20 per cent given by the
Chelsea Savings bank for the protec-
ton of the state funds Is deemed by
you insufficient and therefore just
cause for my removal. what should be
your duty in view OF the fact that you
solicited and obtained state funds for
the Detroit United bank, OF which you
are vice-president. and only gave 20
per cent security. and that. too. in face
Of the fact that you asked and received
a deposit Of state funds in an institu-
ton that the attorney general says Is
not a proper depository for public
moneys
And. too, notwithstanding the securi-
~ OF only 20 per cent given by the
Detroit United bank. OF which you ere
ce-president. you as governor OF the
Delegate Russell's anticigarette
proposal, which passed the constitu-
tional convention on first reading, was
/ defeated on second reading. Many OF
the members apparently changed their