Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1909-12-08
GRAND JURY
WITHOLDS REPORT
ON DFFUNCT BANK
In It's Final Report Submitted
Yesterday Several Hints are
Thrown on Methods of Nye
and OrnSby.

disclose. the jury makes no presen-
tation or report, but does leave to
its successors, to take proper action
when the time therefor shall be OPP
perfume, and which action may be
based upon evidence secured by this
jury and now in the hands of the
district attorney,
However, we cannot refrain from
giving utterance to our emphatic
condemnation of the reprehensible
methods resorted to by the bank s
officials to bolster up it's credit by
the use of the public funds.
A law, perniciois in effect, per-
mits the depositing by the treasurer
of the county funds in banks with
the approval and consent of the
treasurer bondsmen. Where the
bondsmen are interested bankers
they very naturally demand that
their banks shall be the beneficiar-
les, and it is very easy to be seen
that, under certain circumstances,
undue advantage can be taken.
That public funds were secured
by means of coercion over the coun-
ty treasurer by reason of the fact
that he was largely, if not wholly,
under obligation to the bank for his
public bond is plain to this jury,
and that undue advantage was taken
of Mr. Gilbert by his bondsmen, the
officers and stockholders of the Nye
and Ormsby County bank, this jury
does unhesitatingly say; and, in or
der that a possible shameful recur-
renee be avoided in the future OF
Nye county, the grand jury does
earnestly recommend that the board
| of county commissioners forever in
sist that the public moneys be KEEP
in gold coin by the county treasurer
! in his office, in the vault and saf'
provided for the purpose, or IN dc
positories, having first secured Sc
curity bonds for the safe keeping
of all funds deposited, and not 9th
erwise, and that the treasurer, IL
lieu of personal bonds, be required
to give surety bonds, and that tn
comfy dcfray the cost thereof.
The grand jury having in re
Spouse to a public demand, recon
!, mended to the board of county com
! missioners that the public account
be exported and such action hayln
been taken, the jury has been re
/, lieved of making an extensive II
auiry into the conduct of the val
, ious, county officers, and the custom
, ary mention is therefore omitted
except special note Is made of tn
fact that certain public money
amounting to the respectable SUI
of S7.3S1.41 and deposited by tn
sheriff in the late lamented bank
! has been by him made fully goo
| and covered into the treasury, an
the jury, while sympathizing wit
the sheriff over this considerabI
money loss to himself, does fe'
f that his voluntary act reflects gre;
: credit upon himself and the gran
: jury takes this opportunity to hear
t lily commend him therefor.
t We deem the work of Messr
Lester, Herrick and Herrick, Il
S certified public accountants, er
/ ployed by the board of county cor
: missioners in exporting the publ
o accounts, to have been console
d tiously undertaken and well pc
S formed and the recommendations
l. the experts, as made by the boar
d are heartily seconded by this Jur
e The effect of an occasional thorout
investigation is salutary and is co
It ducive to a furtherance of the be
y efforts on the part of county Officer
k lnasmuch as the Objectionable I
: system will be discontinued aft
TT the first of the year and the chan
1t will require the installation of a
is ditional systems of accounting, 9th
r contemplated changes will be
IL Laugurated at. the same time, SO
m are informed. We would, besld
IN such recommendations as are ma
s. by the experts, in order that
le greatest efficiency be extended to
offices, make the following additio
10 That a new and modern syst'
IN of indexing the records in the
O, corder's office be Immediately ado
n ed. We suggest that the prest
ne index be compressed into few
s. books which shall contain full s.
r. regation of each letter, thereby eli
mating all unnecessary search.
IS That the miscellaneous files in
to office of the county clerk and