The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1911-07-18
COUGHED UP
Check For $4,000 As
Surety Money
When Hogan Got After Elm
With A Club

VIII n OhuD
Columbus, O., July 14--Using the
state treasurer's Office as a club, At
torney General Hogan has recovered
$4,000 of the $4,000 the state had on
deposit in the Farmers & Merchants
National Bank of Cleveland at the
time of its failure in 1908, and expects
to get the remainder in the same way.
A check for 1000 has been handed
to General Hogan by representatives
of the Massachusetts, Surety & Bond
ing Company which gave bond to
protect the commonwealth from loss.
The Empire Surety company of New
York, is surety for the remaining $780,
900 and the method adopted to COM
pei payment by the Massachusetts,
company will be used in the case
against the Empire company.
Failing to get settlement In the
courts, General Hogan decided to
lay an embargo on the Empire Surety
| OOiupduy III OHlO'
He requested State Treasurer
Creamer not to accept as surety for
state funds deposited in banks any
bond furnished by this company. 1t
happened that the next day bond of
that company was presented to Cream
er, who decidedit on the ground that
in case of bank failing the state de-
sired to realize on it's sureties with
out prolonged litigation
Hogan also issued an ultimatum to
the surety company that If payment of
overdue, was not made by July he
would extend the embargo by request
ing county and city treasurers to re-
fuse to accept it's bonds The result
was a settlement.
The promptness with which General
Hogan effected settlement of this
claim again emphasizes that the peo
pie obtained a capable and faithful
public officer when they elected At
torney General Hogan. A former Re
publican attorney general frittered
away two years trying to get settle
, ment, without making any progress.
} The Ohio State Journal, Republican
in recent editorial gave some advice
which, il followed by an army Of taz
spenders opposing a low tax rate
would make the Smith per cent ta,
|, law workable in every Ohio taxing dis
trict. The editorial reads: Ports
, mouth doesn't seem to be "squealing
at the per cent tax limit. 1t has gone
!. to work in an honest fashion to sup
ply the conditions to make the law eff
fective. 1t has proved the good sense
/, and good business of maintaining {
, low rate by an honest return.
: What was done? The manufactur
. ers got together and agreed upon I
; rule for returning their property ol
the basis of its real value. The rul
a made the provisions for mere opinion
!, but depended upon actual figures O
e cost and expense for getting at the raj
f ing. They went on the idea that If W
d are honest the law is right. And tha
! idea won, and 1t will win everywher
:, If manfully applied.
!, "Here is the result: The persona
property duplicate has been increase
, from $40 900, 900 to SGT 100000 and thi
increase. with the additional real Ell
IA tate valuation, will give Portsmout
e more money than 1t ever had before
e enough and to spare for expenses, In
q provements and interest.
. "Had Portsmouth done like som
q. other cities, and howled about the il
If adequacy of the | per cent and the
II officials gone forth meaning becaus
" improvements would stop, the scho'
Q. terms cut down, necessary expense
Y. Topped off and the future glory OF tn
'! city painfully menaced, 1t, too, woul
. be floundering in the sticky swamp
Instead of that, il comes forth with
II proud step and an eagle eye, and take
NJ its place in the van of the progressiN
Is, cities of Ohio"
is The condition in Columbus is anot
q er example that shows that all that
10 needed to make the Smith law su
80 cess, is resolute and aggressive DIN
80 ers who will do their duty
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