The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1908-07-18

before the checks
had deposited had
deposited had left
their bank.
Permit me to say furthermore that
since January 10Th, the Boise City
National Bank and the Bank of Com
merce have furnished me with $780,
900 in cash and not one cent has it
cost the State of Idaho for that huge
amount of money, and many and many
a time have they advanced me the
cash by the thousands of dollars be-
fore they have ever collected a check
and before the check in a great many
instances had ever left their bank,
This money has been shipped in at
great expense of $3.50 to $500 per
thousand a great many times, and. in
fact, on January l of this year the
Bank of Commerce paid $500 per
thousand premium to get the gold to
pay the interest on the state bonds
in this city and never charged the
state one cent for it. l have been &C
cused of carrying hundreds of thou
sands of dollars, especially last fall
and early winter, in these two Boise
banks. Permit me to state that this
is absolutely false. The Boise City
National Bank. during early Decem-
Der, never had to exceed $4,000, and
at one time and for a number of days
their deposit was not to exceed $4,000;
yet at that very time there were men
who stated that l had 100000 in that
bank. The conditions in the Bank of
Commerce were just about the same.
l am accused furthermore of not
keeping money enough; as they quote
the law, in my safe. The law provides
| that the Permanent Education, Public
School or University Land Funds
shall be kept in the safe, and l will
leave it to any sane man il one could
call the Penitentiary or the Soldiers
Home or a public building an Educa-
uOnal institution. / have never con-
strued the law in this way, and the
money belonging to these funds is de-
posted in the "a banks with which we
are doing business today.
| Furthermore, l am accused of ia
voritism. When came into this Office
| t1aro xuara On boplc thof xr,a xuora do
ing business with and there are "a to-
day. Does that look like favoritism
There has never been a single bank
that l have turned down, provided
they furnished the bonds as by Law
required. In one instance, the First
National Bank of Idaho, Boise
brought into this Office $4,000 of the
City of Boise paving district bonds
In the body of that bond it says: "Ant
this is not liability of the City o.
Boise" The law provides that we car
take as security for a state deposit
United States bonds, State bonds OF
warrants, county, city or school bonds
AS l said before, this bond is not 9
city bond and was turned down in this
Office and was also turned down in the
Attorney Generals office. We did MOI
pass on the legality of the bond at all
as it was none of our affair. We sim
ply passed upon this one question
that the security presented to us die
not conform with the Idaho laws
There has never been any other cas-,
that l have refused to make deposit
and | stand ready and willing at al
times to let each and every bank hav'
it's proportionate share of state funds
as long as they comply with the laws
You might ask, do / set myself VI
to passe upon the laws of the Stat
of Idaho and usurp the functions o
the Supreme Court, and whether l an
a believer of the laws. l will stat
that I was born In Massachusetts an,
the children OF that state are laugh
strict obedience of the laws. hav
endeavored all my life to conform
with the laws In the various state
where I have resided, and I do nc
set myself up as the judge to pass O.
laws, but when find on certain ques
tons that there Is absolutely no la,
for certain transactions, or where
find that the strictest technical legs
Interpretation of that law would In
volve and injure and destroy tn
credit and the faith and the integrit
of our state and its Inhabitants, the
propose to use a little common sens
and do that which is right and just an
fair, even though should violate tn
law in its absolute strictest sense, an
believe am perfectly justiflable an
do not believe any Jury would fin