The Detroit times., 1908-01-07

OF the governors formal charges IN
connection with the effort to GUST
State Treasurer Glazier from ONCE.
DR.. Woods, Glaciers physician. refused
TO permit Ma. Loomis to see the treas
urer, who is still confined to his room
In his home in Chelsea, through III
ness, but service was accepted BY
James S. German, as the personal rep
resentative OF Glazier. A summary OF
the charges follow:
Executive ONCE.
Lansing. Mich. Jan. 6. 1907
To Frank r.. Glazier. State Treasurer.
Sir-By virtue OF the power granted
ernor of the state OF Michigan. IL be-
comes necessary to inquire into the
condition and administration of thss,
into the manner In which you have
performed the duties OF your said off,
ftce, for the purpose OF determining
neglect OF duty. or misfeasance or NAL
feasanee- therein. To that end You nrc.
therefore. cited and directed to appear
city OF Lansing. Jan. II. 1908. at 10
O'Clock In the forenoon OF said day,
and then and there answer to the fol-
| lowing specific charges:
That you are guilty OF maifeasaf,ce in
your said Office In that you deposited
| large amount of the public moneys
treasurer In the Chelsea SAYINGS bank.
TO the amount OF s6S5.5s7.7s. and that
| &2a2r A9A-22- Of thu above mentioned
moneys were so deposited between
so made being in violation OF section
1901 of the complied laws OF 1897.
Misfeasarsee Charged.
That you are guilty or misfeasance
In Office In that you deposited q large
amount OF the public moneys OF tho
state under your control In the Chel-=
sea Savings bank, which could not
lawfully be made q depository for the
reason OF the fact that you were. dur
/ ing all OF the time In which such
moneys ware 40 being deposited there
in. "a stakeholder In and director or
said bank. and president thereof.
That you were guilty of gross neg.
lect OF duty In that YOU did not col
the Chelsea Savings bank the balance
due the state from said bank Jan. 1,
1907. which balance was the sum or
guilty OF gross neglect in continuing
10 deposit the public moneys OF the
| state In said bank without ample SEE
of f the Condition ono, Of said bank: the Sc
sum Of $500. 90: and at time when
you wsrs s'9ernoIaes nna airsrsoE
of the financial condition ofssafd DaniE.
Security Not sum cienf.
That you Hre guilty OF malfeasance
| In that you deposited In said Chelsea
Savings bank on Nov IS. 1907. the sum
OF s23,000.00 OF the public moneys. and
that you likewise further deposited In
| $994.2z OF said public moneys In your
control and while you well knew at
the time Of said deposits that the state
| had no ample or sufficient security
therefor, and that said bank was then
| an unsafe and falling depository In
consequence of your manipulation and
vaur % man,nnIaten o OF certain OF tha
collateral paper on deposit In said
bank whereby the value OF said coli
lateral as security was greatly lessen
| ed and impaired.
That you are guilty OF maifeasance
In that you deposited In the Chelsea
Savings bank during the years 1905
and 1907 large sums or the public
| moneys of said state In your control
as such treasurer, that you continued
making such deposits. until to-wit: Nov.
| sum OF $6S5,5S7.f9. That during the
| time aforesaid you were stockholders
| a director and president of said bank
That az state treasurer and as an Of
| ficer OF said bank you knew said de-
| posits were insecure and that the state
had no sufficient or ample protection
| on account thereof. That during said
period and while YOU were virtually In
control OF said bank. you withdrew
large sums OF money therefrom with
loans to yourself and TO other persons
| and concerns for your benefit. thereby
direcsly endangering the solvency OF
said bank and rendering the same an
| unsafe depository for the moneys OF
the state. That you further rendered
| said depository insecure and that you
a ahn state sn ef sse los of asid pusiis
moneys 30 controlled by you as state
treasurer. by becoming further indebt-
withou. security. during the period
! aforesaid. TO various other concerns to
the amount OF. to-wit. 500. 600 and ups
| wards.
state Los~s Interest.
| That you are guilty OF malfeasanco
! in ONCE In that You deposited this pub
lie moneys OF the state under your con-
| and after Ian. 1. 1907. TO the amount
| OF $685.. 5S7.79, as an open account sub
| ject TO be drawn upon from day. to
thereon. and on agreement TO pay to
| the state as interest on daily balances
thereof u per cent per annum. that
| vow. as state treasurer, did not In fact
treat said deposit as an open account,
( and did rarely II ever. check thereon,
iput., on the contrary. you. as state
| account not subject to check. on when
| the state was entitled to receive ard
| should have received interest at the
| rate OF IA per cent per .annunl. as re-
| auired by you 10 be paid by depos-
4 itories having similar deposits. all to
the detriment and loss Of the state OF
\ Michigan.
| That by reason OF your gross neglect
/ OF duty and maifeasance in your omc@
as state treasurer. the state Is now un-
| able 10 obtain the use OF It's funds 70
the amount OF 100000 and upwards:
land IL threatened with the loss ..
! the same to the amount OF sevcrai
thousand dollars. the same being the
/ funds and public moneys OF the state
! placed in your control as state treas
urcr and illegally deposited and re-
lVained on deposit by you during the
year s07 IN the Chelsea savings bank.
90 chelsea Mich. and while You were
] OF said hank and while you were
using and borrowing the funds and
property OF said bank for your own
! FIRED M. WARNER.