The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1913-03-22

show an utter disregard for all business
roles and a csrelessness that cannot be
condoned. This Is accentuated by the fact
that all that is correct in business life
should be disregarded in a place which
is supposed to teach these principles.
Regents Doing Good Work
the present board Of regents is doing
good work, based upon the wise provi-
sion of the last Legislature in making
an appropriation for a thorough audit
OF the affairs of the University. aud the
result of the disclosure made by the
auditors.
IL was discovered that there was de-
plorable lack Of system. The statutory
rights of the regents were ridden over
rough shod by the president. aud there
is sufficient to show that the regents
have supinely submitted. The president
had been at the head of the institution
for II years, aud undou btedly came to
regard the place as private property.
This resulted in a condition of affairs
that threatened the life of the school
and made it one Of the costliest. il not
the most wasteful, in the country.
The auditors recommended that a
comptroller be appointed to handle all
the financial affairs and suggested a
/ standard system Of bookkeeping adapted
to the needs of the school. The posi-.
ton of the president in objecting to
the plan aud his insisting on continu-
alton of the old order of things until
1918 is untenable.
Formerly 10 sets of books were kept
Bank deposits were scattered all over
the city, aud the stub and cancelled
checks formed the main part of the
bookkeeping. Liberties were taken
with Government funds until confusion
reigned and it became necessary to use
ali sorts OF means to correct the errors.
The true situation of affairs can best
be expressed in the words of the audi
tor, Allen Knight, in his report of Au-
gust II, 1912. two days before DIR.
Stubbs departed on his leave of absence
With all due respect to your
august president, DIR. Stubbs shows, by
his contradictory actions. and inconsist.
ent attitude, a melancholy lack of &C.
quaintance with the principle of ac-
countancy. Unfortunately for both
your president and secretary. the records
show that juggling with funds has
transpired, and reports Intentionally de-
ceptive have been made to the govern.
ment.
This deception was in an apparent
shortage of over $4,000 in the government
funds-money paid for the support of
the agricultural college-caused by the
wrongful diversion Of money to other
school purposes. That the president
was aware of the seriousness of the sit
uation is shown by the effort made to
cover up the shortage by double vouch-
ers for salaries and supplies. This
amount had to be covered by State
funds. and money that had been ap-
propriated in good faith, for the support
of the University had to be diverted to
replenish the depleted government
funds. An extract from the account
aut's report is pertinent:
Contradictory Actions
l pointed out on page of my last re-
port the deficiency and errors in the
Mackay donation account, aud on page
5 the errors aud double pay ments In the
A & NJ. college fund aud the Hatch aud
Adams funds, stating that such things
were possible only by improper conniv-
ance of officials and poor checking by
the authorities. In turning over to the
comptroller the legal and other papers
of the University, Secretary Taylor
has produced the July. 1911, report of
the NJ. q A. college fund. which could
not be found when / was ln Reno Feb
ruary last, and / want TO state right
here that my remark Improper oon-
nivance of officials" is amply borne out,