The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1916-05-11
State Golfers Will Probably be
Enriched to the Tune of
$150,000.
WEALTHOFTREASURY
Eagleson's Report for Month
Shows $1,231, ,346.49 Cash
on Hand.

Boise, May 8, 1915. Especial Cor
respondence.) The state has entered
on the last lap of its contest for the
money which state treasurer Allen and
his deputy took from the state funds,
and there is every prospect that with
In very short time the treasury will
be enriched by the addition of some
thing like $150,000 of the stolen money.
The suit to recover ON the surety
bonds was in progress so far as the
taking of testimony was concerned be-
fore Judge McCarty of the district
court, for the last half of April. The
principal personal witnesses for the
state were Allen and Coleman, who
were also the principal reasons why
the shortage existed. Both men In
their testimony threw open the system
through which the money was taken,
and at the same time the books were
made to balance for anything except
absolute expert inspection.
On Saturday last argument was COM
pleted in the case and IL is expected
that the court will render its decision
and grant judgment in favor of the
state by the last OF the week. The
defending surety company is not en-
deavoring to prevent the collection
"
is anxious to reduce the amount due.
The total claim of the state including
interest on the defaulted amount, was
In the vicinity of $150,000. The state
has confessed to the fact that of the
total amount something like $1,000 Is
now in the hands of the depository
board, composed of the governor, see
retary of state and attorney general,
which will properly apply on the
amount of the states, leaving a total
of approximately $143,000 still due.
The defendants company claims that
in number of instances the loss to the
state is not a proper charge against
the company and asks that the judg
ment be reduced by these sums
Wealth in State Treasury.
/ The report of the state treasurer for
the month just closed shows that
funds ON hand in all funds on May l.,
aggregated $1,231 ,346.49. OF this
amount the general fund is credited
with $19S, IS ! common school fund,
$21S,277.97; general school fund, $780,
S67.73. The remaining funds are large
ly divided among the various educa-
tiOnal, charitable and penal institu-
tions of the state. All these funds
are now being reduced from month to
month, as the receipts from various
sources will not be sufficient to keep
UP the running expenses of the state
government. After June 1, when the
second half of the taxes are payable
additional funds will be received.
State Treasurer Eagleson is making
successful effort at holding the bal
ances level, insofar as the various de-
positories of state funds outside of
Boise are concerned. For something
over two months all the banks that
are repositories of state funds, out
side the capital city, have had state
funds to the amount of 55 per cent of
the total amount authorized under the
law. There has been no variance in
this With the five city banks, from
which funds are drawn with great
frequency, there is a very different
story to tell. Sometimes these banks
will have less than 35 per cent of the
possible state deposits and at other
times one or more of the banks will
have go to 20 per cent deposits. The
state funds in these banks fiuctuate
very rapidly, as warrants are pro-
duced and paid.
Control of Insurance Notes.
The attorney general has been re-
quested to determine in just what way
the insurance companies doing bust
ness in Idaho can be controlled In the
establishment of prices. 1t has devel-
oped recently that the rates for the
insurance of state buildings has been
increased by the coast board of under
writers. There has been advanced the
idea that these fire insurance COM
panies are in a sense public utilities,
and should be subject to some form
of control, at least so far as in the
matter of the charges made for pub
lie services. The companies them
selves contend that business in this
state has been improbable for a num-
Der of years. The total collections for
insurance premiums on fire risks In
this state during the past three years
have been in the neighborhood of one
and quarter million dollars annually
while the total amount paid out In sat
isfaction of fire losses, has been from
100000 to 100000 annually. This
it is claimed does not leave sufficient
to pay the cost Of doing business when